7.9/10

Based on 82 Southern Cross Credit Union product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Southern Cross Credit Union personal loans

Southern Cross Credit Union has an extensive range of financial products and services on offer for its members including home, personal, business and investment loans, debit cards, savings accounts, term deposits, insurance products and more. In 2022, Southern Cross Credit Union was recognised as a Mozo Experts Choice Personal Loan Award winner in the best Unsecured Personal Loan category. 

Southern Cross Credit Union offers the following personal loans

Rates and fees verified as correct at 21 May 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
New Vehicle Loan (Fixed)

6.99% p.a.

7.91% p.a.based on $30,000
over 5 years

$250.00

Secured Personal Loan (Fixed)

7.99% p.a.

8.90% p.a.based on $30,000
over 5 years

$250.00

Unsecured Personal Loan (Fixed)

9.39% p.a.to 13.39% p.a.

10.30% p.a.to 14.28% p.a.based on $30,000
over 5 years

$250.00

What personal loans does Southern Cross Credit Union offer? 

Personal Loan 

Southern Cross Credit Union offers both a secured and unsecured personal loan option to customers. Across both variations loan terms range from 3 to 7 years, there is the option of weekly, fortnightly or monthly repayments (with extra repayments allowed) and no exit or early repayment penalty.

With the secured loan, customers can borrow between $5,000 and $150,000 and receive a lower variable interest rate. The catch is because the loan is secured, borrowers must put either their property or a vehicle up as collateral. On the other hand, if you want a loan that requires no collateral the unsecured loan option might be suitable. But keep in mind, loan terms only go up to $30,000 and the variable interest rate is higher. 

Also remember, no matter if you choose the secured or unsecured option you will need to budget for an upfront application cost.  

Car Loan 

After a car loan instead? Southern Cross Credit Union has that on offer too! 

This loan has the same borrow amounts, loan terms, features and fees as the secured loan option, however it is designed for the purchase of a vehicle. Meaning the car you intend to buy using the loan is put up as collateral. 

Southern Cross Credit Union’s car loan has the lowest variable interest rate on offer for personal loans from this lender. 

Southern Cross Credit Union personal loan at a glance

  • Repayment schedule options: Across all Southern Cross Credit Union personal loans there is the option to make weekly, fortnightly or monthly repayments.  

  • Unlimited extra repayments: On top of regular repayments, borrowers can make unlimited extra repayments on their Southern Cross Credit Union personal loan. 

  • No early repayment penalty: Some lenders charge an early repayment penalty or ‘break cost’ if a borrower pays down their loan ahead of time. No Southern Cross Credit Union personal loans have this fee attached to them. 

How do you apply for a Southern Cross Credit Union personal loan? 

Southern Cross Credit Union offers online personal loan applications that take around 10 minutes to complete. There is also the option for over-the-phone support if you need it. 

Here’s what you’ll need when you apply: 

  • Personal details: name, date of birth, citizenship

  • Address details: including contact details like your mobile and email 

  • Income and employment details: including employment status and an outline of any assets you have

  • Expenditure information: any loans you have, credit cards, living expenses etc.

How are Southern Cross Credit Union personal loans rated?

Mozo users have rated Southern Cross Credit Union personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
Southern Cross Credit Union personal loans customer reviews
Overall
4.0/10
Price
6.5/10
Features
4.3/10
Customer service
3.7/10
Convenience
9.0/10
Trust
5.7/10
Based on 3 Southern Cross Credit Union product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Southern Cross Credit Union personal loan reviews

Southern Cross Credit Union Personal Loan
Overall 2/10
No help

Been in the bank for years and still treat as a nobody.

Read full review

Been in the bank for years and still treat as a nobody.

Price
3/10
Features
2/10
Customer service
1/10
Convenience
10/10
Trust
4/10
Less
Michael, New South Wales, reviewed about 11 years ago
Southern Cross Credit Union Personal Loan
Overall 0/10

No opinion.

Read full review

No opinion.

Features
1/10
Customer service
0/10
Convenience
7/10
Trust
3/10
Less
Sam, New South Wales, reviewed almost 14 years ago
Southern Cross Credit Union Personal Loan
Overall 10/10

Southern Cross is an excellent small based community credit union with great services!

Read full review

Southern Cross is an excellent small based community credit union with great services!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Julie, Queensland, reviewed over 14 years ago
See all personal loan reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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