
Get exclusive money-saving offers and guides
Straight to your inbox
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.
$265 ($175 Establishment Fee + $90 Security Administration Fee)
Application Fee
6.79% (fixed)
Interest Rate (p.a.)
7.16%
Comparison Rate (p.a.)
$100,000
Max Loan Amount
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Product Name | CUA Secured Fixed Car Loan |
---|---|
Interest Rate (p.a.) | 6.79% (fixed) |
Comparison Rate (p.a.) | 7.16% |
Interest Rate Type | Fixed |
Min Loan Amount | $5,000 |
Max Loan Amount | $100,000 |
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.
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:
Have the following documentation and information handy when applying:
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.
June 4, 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.
June 4, 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
April 3, 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
April 4, 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
February 4, 2017
just wondering if these loans have an early exit fee?
February 5, 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
November 23, 2016
Does CUA offer balloon payments ?
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
August 26, 2015
Do you finance used cars purchased from a private seller (ie. not a dealer)?
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