Queenslanders Credit Union personal loans

Queenslanders Credit Union
Queenslanders Credit Union's overall rating for personal loans

(as rated by the Mozo community)

9.0 / 10

based on 168 reviews

If you live in the Sunshine State and are looking for a personal loan for a car, reno, wedding or to consolidate debt, Queenslanders Credit Union (a division of Queensland Country Credit Union Limited) has a selection of loans to suit every need. Here’s a look at the loan options on offer, or if you’d like to compare rates and fees with other lenders, head on over to our full personal loan comparisons.

Queenslanders Credit Union offers the following personal loans

Rates and fees verified as correct at 20 January, 2020. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

4.99% p.a.

5.59% p.a.based on $30,000
over 5 years


Secured Personal Loan (Variable)
Queenslanders Credit Union

9.75% p.a.

10.68% p.a.based on $30,000
over 5 years


Unsecured Personal Loan (Variable)
Queenslanders Credit Union

12.95% p.a.

15.87% p.a.based on $10,000
over 3 years


*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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Questions and Answers about Queenslanders Credit Union Personal Loans

Do I have to live in Queensland to get a personal loan with QCU?

No, you don’t. You can apply for a QCU personal loan online or you can also talk to a loan specialist over the phone. You can also do most of your banking via NetBanking but if you want branch access Queenslanders Credit Union only has branches in Brisbane, Ipswich and Townsville so you’ll need to live close or visit one of these areas regularly.

What can I use as security for a secured personal loan?

An acceptable asset for a secured loan is usually something like a car, caravan or property. With many car loans, you’ll be able to secure the car you are purchasing against the loan.

Are there any options for borrowing if I don’t have an asset to offer as security?

Yes, QCU has an unsecured loan option. The biggest difference between this loan and a secured loan will be the interest rate that you’ll be charged. But the good news is that Queenslanders unsecured loan allows for extra repayments at any time without penalty so you can reduce the amount of interest by paying off the loan faster.

What’s the comparison rate mean?

The comparison rate is a combined rate which includes both the headline interest rate and any fees associated with the loan. This is there to help you compare the ‘true’ cost of a loan. Just be aware that the comparison rate advertised will not be the comparison rate of your loan as it is based on a $30,000 loan over 5 years. Your comparison rate will depend on how much you borrow and over what time period you borrow the money for.

What’s the maximum loan term for QCU loans?

On an unsecured loan it is 5 years, for a car loan it is 7 years.

What repayment options are available?

You’ll have lots of flexibility to choose a repayment period to suit you. Queenslanders offer weekly, fortnightly and monthly repayments. 

Can I trust Queenslanders Credit Union?

Queenslanders is a customer-owned banking provider so all profits of the bank go back into providing better products and services for its members. If their customers’ opinions are anything to go by, QCU rates highly for customer service and overall satisfaction according to customer reviews on our site. QCU are also multi-award winners of our People’s Choice Awards and Experts Choice Awards, which review products in the market and award those that offer consumers the best value.

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