The team at CFCU made the loan application process easy and efficient, and I spoke to the same person from start to end. There is also a redraw facility on the car loan with a competitive interest rate.
Green loan = more money for me. At 6.12% this meant I was saving more electricity with my solar panels than I was paying in repayments. No ongoing fees and the friendliest staff I have dealt with at a financial institution. Seriously no catches. What a brilliant idea and a great way to help save the environment. Well done community first credit union.
I took out this 5 year loan three and a half years ago when I was employed at the time. Back then I also had a mortgage with them. I couldn't praise the company and staff high enough for their assistance, advice and friendliness. I retired three years ago and have been living on an aged pension since then. Whilst working I could afford the $110 per fortnight in repayments and tried to continue with that payment until about a year ago when I approached them to reduce the repayments for me. My application was declined. I was prepared to pay $70 per fortnight but they wouldn't accept that. It has been a struggle for me and it has left me very disappointed with them for not helping me when I needed them the most. I contemplated bankruptcy but decided not to go through with it. I guess I could approach the court and see if they could make an order on my behalf. Not sure which way to go as I only owe less that $4000 now out of the $10000 originally borrowed and I have never faltered on the repayments. It has left me feeling very disappointed with them and wondering why they could not help me.
Joanne, New South Wales, reviewed about 10 years ago
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Personal loan comparisons on Mozo - rates updated daily
Low Rate Personal Loan
8.21% p.a.based on $30,000 over 5 years
Terms from 1 to 7 years. Representative example: a 5 year $30,000 loan at 8.00% would cost $36,647.51 including fees.
*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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