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CUA Fixed Rate Car Loan

CUA Secured Fixed Car Loan

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Application Fee
$265 ($175 Establishment Fee + $90 Security Administration Fee)
Interest Rate (p.a.)
6.79% (fixed)
Comparison Rate (p.a.)
7.16%
Max Loan Amount
$100,000

Summary

A fixed rate car loan from CUA lets you have the financial stability you need to fund the car you want.

  • Please note that CUA has been rebranded to Great Southern Bank. The information on this page has been kept for the benefit of those who are interested and historical records only.

CUA offers a Fixed Rate Car Loan with a host of competitive features for borrowers. The loan offers no monthly fees and comes with flexible repayment options to make it easy to plan your budget around this loan. In addition, CUA allows unlimited extra repayments and does not charge a penalty for an early payout.

Pros

  • Competitive interest rate
  • Large maximum loan amount
  • Fee-free additional repayments
  • Redraw facility available

Cons

  • $200 minimum for in-branch redraws
  • $90 administration fee for secured loans

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name CUA Secured Fixed Car Loan
Interest Rate (p.a.) 6.79%
Comp. Rate (p.a.) 7.16%
Interest Rate Type Fixed
Min Loan Amount $5,000
Max Loan Amount $100,000

Main points to consider about the CUA Fixed Rate Car Loan

The personal car loan from CUA is a fixed rate secured loan to be used specifically for the purchase of a new or used vehicle up to 7 years old. This is a competitive option that provides an alternative to dealership finance.

At a 6.79% p.a. interest rate and with the ability to make as many repayments as you want, you can pay the CUA car loan off as quick as your budget allows and not be subjected to any penalties. If your loan is approved an establishment fee of $175 applies as well as a $90 security administration fee. There are also no monthly charges, making this a cost-effective choice for a car loan.

Features of the CUA Fixed Rate Car Loan

  • Interest rate. This is a fixed rate interest car loan with a rate of 6.79% p.a. The comparison rate for this car loan is 7.16% p.a.
  • Loan term. This lender allows loan terms from 1 year to 7 years.
  • Loan amount. With the vehicle as security, you may borrow up to $100,000 on your CUA Fixed Rate Car Loan. The minimum amount you can borrow is $5,000.
  • Repayments. The repayment options for this loan are flexible, allowing you to choose what works best for your budget. Repay weekly, fortnightly or monthly. You also have the option of making as many additional repayments as you want at no extra charge.
  • Redraw. Take advantage of CUA's redraw facility for any additional repayments you make. Keep in mind there is a $200 minimum withdrawal amount if you redraw in-branch.
  • Monthly fees. $0 ongoing monthly maintenance fees are charged on your CUA car loan.

How to apply for the CUA Fixed Rate Car Loan

If the CUA car loan sounds right for you, click "Go to Site" to get your application started. Check first that you will meet the following eligibility requirements:

  • You must be at least 18 years of age
  • You must be an Australian citizen or permanent resident
  • You must have no defaults on your credit file over the last five years

Have the following documentation and information handy when applying:

  • Personal information. Your name and date of birth and current address will be required, as will your driver's licence number.
  • Employment. Contact information for your current employer and details of your employment will be required.
  • Income. Include your current salary plus any additional income you receive on a regular basis.
  • Assets. You will be asked to provide details of your assets. Include any property, vehicles and savings you may have.
  • Liabilities. Have a complete list of all of your current financial obligations. This will include any other loans and credit card debts you may have.

When shopping for a new car you should always be aware that there are alternate options to the financing offered by your dealer. Comparing the rates and features of other lenders first allows you to get the best car loan available. Compare the CUA Fixed Rate Car Loan with other loan products before making your final decision.

Compare car loan providers

Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Rate Type Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Variable Rate Special
Variable, 3 - 7 Years, $5,000 - $150,000
loans.com.au - New - Variable Rate Special
6.24% to 7.74%
7.36% to 8.85%
Variable
$400
$8
Monthly Repayment
OurMoneyMarket New Car Loan
Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket New Car Loan
6.57% to 18.99%
7.19% to 21.78%
Fixed
1.5% - 6%
min.
$0
Monthly Repayment
Verified Lending Used Car Loan
Fixed, 1 - 7 Years, $10,000 - $200,000
Verified Lending Used Car Loan
7.1% to 18.99%
8.06% to 22.99%
Fixed
$395
$0
Monthly Repayment
NRMA New Car Loan
Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA New Car Loan
7.29% to 16.99%
8% to 17.77%
Fixed
$499
$0
Monthly Repayment
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
6.57% to 18.99%
7.19% to 21.78%
Fixed
1.5% - 6%
min.
$0
Monthly Repayment
NRMA Used Car Loan
Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA Used Car Loan
8.49% to 16.99%
9.21% to 17.77%
Fixed
$499
$0
Monthly Repayment
You'll receive a fixed rate from 8.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
loans.com.au - Variable Rate Used Car < 5 years
Variable, 3 - 7 Years, $5,000 - $150,000
loans.com.au - Variable Rate Used Car < 5 years
7.74% to 7.74%
8.85% to 8.99%
Variable
$400
$8
Monthly Repayment
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Veronica

June 04, 2017

Is the interest being calculated daily or over the term of the loan and then including in the monthly repayment? My reason for asking is if I pay it off early, I would not want to pay the interest in my repayments as if I had it on a full term.


Avatar

jonathan.chan@findercrew.com

June 04, 2017

Hi Veronica!


Thanks for the comment.


Please be informed that interest is being calculated based over the term based on monthly repayments. Rates, promotions, other discounts may vary from time to time, so it’s best to contact the lender directly to see if there’s any concession that may be given by paying it off early.


Click “Go to Site” green button to be redirected to their page for further assistance.


Hope this helps.


Cheers,

Jonathan


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Vanessa

April 02, 2017

Hello,


I have a personal loan with another bank, can I apply for a secure car loan through CGU to buy a new car and pay off my other small loan?


Thanks


Avatar

Anndy Lou Finder

April 03, 2017

Hi Vanessa,


Thanks for your question.


Please note that with a secured car loan, you are restricted as to how you can use your funds. This is because the loan amount is tied to the cost of the vehicle and not for repaying another loan.


If you are interested to get a loan to buy a car and use the extra funds to pay off your existing loan, you may consider getting a personal loan consolidation. Open that link to learn more.


Cheers,

Anndy


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Rose

February 04, 2017

just wondering if these loans have an early exit fee?


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May Finder

February 04, 2017

Hi Rose,


Thank you for your inquiry.


No, CUA does not charge a penalty for an early payout. If you’re keen to explore other options, please check the list of car loans with early repayments featured on our website.


Cheers,

May


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mercia

November 23, 2016

Does CUA offer balloon payments ?


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Anndy Lou Finder

November 23, 2016

Hi Mercia,


Thanks for your question.


Balloon payment option is not listed among the features of CUA Fixed Rate Car Loan. You can confirm this by directly calling CUA.


CUA Fixed Rate Car Loan does have a flexible repayment option allowing you to repay weekly, fortnightly or monthly. You can also have the option to make as many additional repayments as you want at no extra charge.


Cheers,

Anndy


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P

August 26, 2015

Do you finance used cars purchased from a private seller (ie. not a dealer)?


Avatar

Elizabeth Barry Finder

August 26, 2015

Hi P,


Thanks for your question.


Just to clarify that you’ve come through to finder.com.au, a financial comparison service and not CUA. I can confirm, however, that if your car meets the requirements specified, you can buy it from a private seller and not a dealer.


I hope this has helped.


Thanks,


Elizabeth


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