Community First Credit Union Fixed Rate Unsecured Personal Loan | finder.com.au

Community First Credit Union: Fixed Rate Unsecured Personal Loan

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Lock in a fixed rate with no penalties for additional repayments and a convenient redraw facility.

The Community First Credit Union offers a Fixed Rate Unsecured Personal Loan that can make your life stress-free and more enjoyable. It lets you do things, such as renovate your home or deal with an unexpected financial obligation. The loan allows you to borrow up to $35,000 on an unsecured basis at a fixed interest rate, starting from 11.99% p.a. You can make additional repayments without any penalties, and access the funds through a convenient redraw facility whenever you need them.


From 11.99% (fixed)

Interest Rate (p.a.)

12.28%

Comparison Rate (p.a.)

$3,000

Min Loan Amount

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Details

Product NameCommunity First Credit Union Fixed Personal Loan
Interest Rate (p.a.)
From 11.99% (fixed)
Comparison Rate (p.a.)12.28%
Interest Rate TypeFixed
Min Loan Amount$3,000
Max. Loan Amount$35,000

Things to consider about the Community First Credit Union Fixed Rate Unsecured Personal Loan

This loan combines the convenience of knowing what your repayments will be each month, with the flexibility of borrowing funds without having to tie up assets as security. However, the comparison rate varies between 12.28% p.a. and 17.29% and the amount borrowed can only be between $3,000 and $35,000. You should also know that you will be charged between $15 and $30 every time you use the redraw facility and there is an initial processing fee of $195.

For those looking for lower fixed rates or larger loan amounts, finder.com.au also has comparisons on fixed rate secured personal loans.

Features of the Community First Credit Union Fixed Rate Unsecured Personal Loan

  • Different fixed rates are available. This loan offers a fixed interest rate of between 11.99% p.a. and 12.28% p.a. and the comparison rate varies between 12.28% p.a. and 17.29%. Check here for a convenient explanation on personal loan comparison rates.
  • Unsecured loan. This personal loan is unsecured, meaning you can borrow money without tying up assets.
  • Loan amount. Borrow between $3,000 and $35,000.
  • Loan term. Borrow money for a period of 1 to 5 years.
  • No penalty for extra repayments. Unlike many fixed rate personal loans, you will not be penalised for additional repayments.
  • Redraw facility. If you are ahead on your repayments, you can access your money via a redraw facility.
  • No monthly fees. This loan does not have any monthly or account-keeping fees.
  • Flexible repayment options. Make loan repayments on a weekly, fortnightly or monthly basis.
  • Fast approval and a convenient application process. You can apply for this loan online and upload all relevant documentation quickly and conveniently. The application process takes around 15 minutes and you will receive an instant decision once the application is submitted.

Fees and charges

  • Processing fee. A processing fee of $195 applies to all approved personal loans.
  • Redraw fee. Online redraws incur a $15 fee and staff-assisted redraws cost $30.
  • Late payment fee. A late payment fee of $25 is charged after 7 days if a loan repayment is not met, and again after 14 days if the repayment has still not been made.

How to apply for the Fixed Rate Unsecured Personal Loan from Community First Credit Union

You can apply for this loan by clicking on the green “Go to Site” button above. In order for your application to be successful, you must meet the following personal loan eligibility requirements:

  • Borrowing amount. You are looking to borrow between $3,000 and $35,000.
  • Age. You are at least 18 years old.
  • Income. A regular income or wage is required.
  • Residency status. You are an Australian citizen or permanent resident.
  • Good credit rating. This includes not having been bankrupt, and not having defaults on any loans, credit cards, interest-free finance or store cards in the last 5 years.
  • Continuous employment. You have held your current job for longer than 3 months.
  • Self-employed people are eligible. The Community First Credit Union also offers this personal loan to self-employed people who meet the above requirements.

In order to make the application as quick and seamless as possible, make sure you have the following documentation with you when you apply:

  • Personal documents. Personal documents such as your current and previous address, phone number and email address
  • Employment and income information. The details of your employment, wages and any other additional income you may have
  • Assets. Details concerning any assets (eg home, car or savings)
  • Debts and liabilities. Details concerning any debts or liabilities you currently have (eg mortgages, loans and credit cards)

The Community First Credit Union Fixed Rate Unsecured Personal Loan is a convenient personal loan product that has numerous advantages such as the certainty of a fixed rate, no collateral requirements, a penalty-free additional repayment option and a redraw facility. That being said, it comes with various fees and conditions and you should compare it with other fixed rate personal loans before deciding if this product is right for you.

Compare other personal loans

Data updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10
You'll receive a personalised interest rate from 5.75% p.a. to 25.99% p.a. based on your risk profile
Borrow up to $50,000 to pay for what you need.
Harmoney Unsecured Personal Loan

From 6.99% (fixed)
7.79%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$2,001
3 to 7 years
$0 to $999
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a variable rate of 8.90% p.a. with a comparison rate of 9.18% p.a.
A credit limit up to $40,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021.
Alex Personal Loan

From 5.49% (fixed)
5.49%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.49% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 3 May 2021
OurMoneyMarket Personal Loan

From 5.35% (fixed)
6.31%
$2,001
1 to 7 years
1.5–6% of your total loan amount
$0
You'll receive a fixed rate from 5.35% p.a. to 20.99% p.a. based on your risk profile
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.


⭐ Finder Exclusive: Apply before April 30th to secure a discounted rate of 5.35% p.a. (comparison rate: 6.31% p.a.) for the first 12 months.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.


⭐ Finder Exclusive: Get a free $200 Westfield e-gift card once your loan application has settled. Offer ends on 30 April 2021. T&Cs apply.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.24%
$3,000
1 to 7 years
$250 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 22.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
SocietyOne Unsecured Personal Loan (2-3 years)

From 6.39% (fixed)
6.39%
$5,000
2 to 3 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
SocietyOne Unsecured Personal Loan (5 years)

From 6.39% (fixed)
6.39%
$5,000
5 years
from 0% to 5% of the loan amount
$0
You'll receive a fixed rate between 6.39% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 5 years
$595
$0
You'll receive a fixed rate between 6.49% p.a. and 19.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.
CUA Unsecured Fixed Rate Personal Loan
9.39% (fixed)
9.64%
$5,000
1 to 7 years
$175
$0
You'll receive a fixed rate of 9.39% p.a.
An unsecured loan from $5,000 with flexible repayments and no monthly fee.
MoneyMe Personal Loans

From 6.25% (fixed)
7.64%
$2,100
1 to 5 years
from $295 to $495
$10
You'll receive an interest rate between 6.25% p.a. and 19.95% p.a. based on your risk profile
Borrow up to $50,000 with no hidden fees or costs. Application process usually takes 5 minutes to complete and is done fully online.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 6.39% p.a and 16.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
Pepper Money No Fee Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
$0
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $50,000 and use for a range of purposes. Pay no upfront, early repayment or ongoing fees.
CUA Unsecured Variable Personal Loan
11.89% (variable)
12.15%
$5,000
1 to 7 years
$175
$0
You'll receive a variable rate of 11.89% p.a.
Borrow from $5,000 with the option for flexible repayments and no monthly fees.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes. Benefit from fee-free additional repayments and a redraw facility. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
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Compare up to 4 providers

Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 24.79% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 10.5% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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6 Comments

    Default Gravatar
    Sally
    November 5, 2018

    I have a good credit score, and I need to consolidate some debt, but I need a guarantor. Can you do this through you?

      Avatarfinder Customer Care
      John
      November 6, 2018

      Hi Sally,

      Thank you for leaving a question.

      You would need to visit the Community First Credit Union’s page for you to be able to do this. Please ensure that all of the requirements are met. Hope that helps!

      Cheers,
      Reggie

    Default Gravatar
    morgan
    October 23, 2018

    I am after a loan with my mother as a guarantor as I have a bad credit.

      Avatarfinder Customer Care
      Charisse
      October 25, 2018

      Hi Morgan,

      Thanks for reaching out to Finder.

      If you are pertaining to applying for an unsecured personal loan with Community First Credit Union, one of their eligibility requirements is for you to have a good credit rating so you will most likely not qualify for a loan application with them.

      Instead, you can compare lenders that offer personal loans to bad credit borrowers.

      If you want to consider applying for a secured personal loan in which your mother can be the guarantor, you can use our comparison table to help you find the lender that suits you.

      Before applying, please make sure that you meet the lender’s eligibility criteria and read through the loan terms and conditions to see which option best suits your needs.

      I hope this helps.

      Cheers,
      Charisse

    Default Gravatar
    Jules
    September 25, 2017

    My son is 27 years old has never had a loan and needs a new (second hand car) He has found a 4 wheel drive that is a great price and condition but it is older than 7 years. I am willing to be cosignor or guarantor as he has had a few debit fails

      Default Gravatar
      Jonathan
      September 25, 2017

      Hello Jules,

      Thank you for your inquiry.

      You can check our used car loans page for a list of lenders that may consider you and your son a loan. It is worth noting that they have a varying maximum age of cars to cater, so it important to read the column for “Maximum age of car”.

      Credit application would depend on the lender’s requirements. Should regular application won’t be insufficient, you may consider secured car loans as an alternative.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Hope this helps.

      Cheers,
      Jonathan

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