A secured car loan is one where your car is used as security against the loan.
This means if you were ever unable to make your loan repayments, the lender could sell your car to recover the money they loaned you
An unsecured car loan means your car isn’t taken as security which means there’s much more risk involved for the lender. So, if you were ever unable to make your loan repayments, it’s a lot harder for lenders to get their money back.
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You can apply for a Car or Personal Loan through any of the following methods.
Our car loans offer multiple repayments options. Please check the product details for weekly, fortnightly and monthly options.
If you’re worried about keeping up with your loan or credit card repayments, or something’s changed in your circumstances, you should always let us know.
Please visit our Financial Hardship Assistance page or contact us to discuss how best we can help – there are a range of ways we can support you. We know how difficult it can be to ask for help, but we care and we’re here to listen and help however we can.
You can contact us by calling us, visiting us, making an appointment, or using Secure Mail.
We’re here to answer any questions you might have – make sure you have your Access Code ready!
400 King William Street, Adelaide has self-service options available to make your life easier.
Mobile Lending Managers
Our Mobile Lending Managers can help our members by phone or email, with video calls now available.
INFORMATION YOU SHOULD KNOW
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 variable rate personal loan is unsecured.
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. Interest rates are subject to change without notice. Minimum loan amount of $5,000. 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 variable rate personal loan and the fixed rate Tesla Powerwall loan are unsecured.
#The interest rate is fixed for the life of the loan up to a maximum of 7 years. For the Tesla Powerwall Loan, the rate is fixed for up to 5 years.
^For new business only. To qualify for the online-only product, applications must be completed using the online form.
µ︎Education Community Banking Benefits are available to any employee of the South Australian education community and students carrying out studies in education, and their immediate family (parents, children, grandparents, grandchildren, siblings and partners only).
★︎Available to employees of the South Australian education community and students carrying out studies in education, and their immediate family.