Personal Loans
Whether you are looking to buy a car, renovate your home, pay for your dream wedding or really anything your heart desires, we have a range of loan options to help you reach your goals.
Credit Union SA’s Car Loan ranks among Australia’s best value personal loans. Our Special Fixed Rate Car Loan was awarded the Mozo Experts Choice Award for the fourth year in a row.
Multiple repayment options
Unlimited extra repayments
Redraw your extra repayments
Penalty-free early payout
Choose from a fixed rate or variable
Both types of rates provide a choice of flexible loan terms and repayment options, have no monthly loan or account keeping fees, and no penalties for early repayment. But there are some factors that might sway you towards one or the other.
If you have a vehicle to use as security, a fixed rate personal loan provides budgeting certainty for a full seven years. So, it’s a great choice if you’re looking for budgeting certainty.
Alternatively, a variable rate may be a better choice if you don’t want to lock in your interest rate or don’t have a vehicle to use as security.
Car and Personal Loans
Fee
Amount
Establishment Fee
$350
Monthly Fee
$0
Redraw Fee
$0
Security processing fee
$60
Arrears Fee
Payable whenever we send you a letter because you do not make a repayment in full on or before the date it is due and the default continues for three days or more.
- Letter 1 – arrears 3 to 10 days
- Letter 2 – arrears 11 to 18 days
- Letter 3 – arrears 19 to 26 days
- Letter 4 – arrears 27 days or more
$0
$15
Other fees and charges may apply.
*This fee does not apply if you are entitled to receive Knowledge Counts education banking benefits or Workplace Banking Benefits.
Ready to apply?
Start your application now.
Get in touch
You can contact us by calling us, visiting us, making an appointment or using Secure Mail.
Details you’ll need to have handy to help you speed through this application:
- your income and living expense details
- information about any credit cards or loans you have
Open a Credit Union SA account in minutes!
Before you begin, you'll need to have one of the following IDs:
- Australian driver's license
- Passport
Frequently asked questions
View all Loans FAQsView all of our current interest rates. Calculate and compare personal loans.
In order to work out how much you can borrow, it depends on a number of variables including your income and your savings. Call us on 13 8777 to find out more, or use our calculators to get an idea of how much you might be able to borrow.
You can apply for a Car or Personal Loan through any of the following methods.
Or,
- Use the online application service on Internet Banking
- Make an appointment with one of our Mobile Lending Managers
- Call us on 13 8777
- Visit us at 400 King William Street, Adelaide
Your first repayment won’t be due for about four weeks, however we recommend you organise the way you would like to repay your loan soon after your loan has been funded. If possible, we suggest aligning your repayments to your pay cycle, and you can make additional repayments on top of the minimum repayment if you like.
There are a couple options to repay your loan, including:
- Setting up a scheduled payment from your Credit Union SA account by:
- Logging into Internet Banking
- Select Payments > Transfers from the top navigation bar
- Choose the ‘From’ and ‘To’ accounts
- Input the ‘Reference’ and ‘Amount’
- Select Schedule Payment on the left-hand side and follow the prompts
- Transferring repayments directly into the loan from a different credit union or bank using the BSB and account number we will provide you in your confirmation email.
- Visiting our King William Street branch and depositing cash for the repayment.
If you have any questions, please do not hesitate to contact us on 13 8777 or send a Secure Mail in Internet Banking.
Our car loans offer multiple repayments options. Please check the product details for weekly, fortnightly and monthly options.
Banking your way
Why choose a credit union?
The credit union difference
At Credit Union SA, we offer all the same services as a bank but with one very important difference - our highest priorities are our members and our community.
How we
can help
Contact us
You can contact us by calling us, visiting us, making an appointment, using Web Chat or Secure Mail.
Call us
We’re here to answer any questions you might have – make sure you have your Access Code ready!
Visit us
Our friendly staff at 400 King William Street, Adelaide can help you with all your banking needs.
Make an appointment
Book an appointment with one of our local Home Lending Specialists now.
Related content
INFORMATION YOU SHOULD KNOW
The target market for this product can be found within the product’s Target Market Determination (TMD), available at creditunionsa.com.au/legal/terms-and-conditions/target-market-determination.
☉︎
Conditions, fees and lending criteria apply and are available on request. Interest rates are subject to change without notice. Comparison rates are based on a $30,000 secured loan over 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.§︎
The special fixed rate personal loan and the online-only special fixed rate personal loan are available when secured by a new or used vehicle less than 5 years old. The fixed rate personal loan is available when secured by a vehicle between 5 and 10 years of age.#
The interest rate is fixed for the life of the loan up to a maximum of 7 years.^
For new business only. To qualify for the online-only product, applications must be completed using the online form.