based on 79 Southern Cross Credit Union banking product reviews as rated by Mozo community

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 08 December, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
New Vehicle Loan (Fixed)

4.65% p.a.

5.58% p.a.based on $30,000
over 5 years

$250

Secured Personal Loan (Variable) (Fixed)

6.99% p.a.

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

$250

Unsecured Personal Loan (Variable) (Fixed)

8.99% p.a.

9.90% p.a.based on $30,000
over 5 years

$250

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

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: 

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
Overall
Price
Features
Customer service
Convenience
Trust

3 Reviews

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 almost 9 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 over 11 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 about 12 years ago

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.

Personal loan quick links