CUA Fixed Rate Car Loan

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.

No reviews yet. Write a review

Matt Corke

Last Updated Feb 23, 2021

$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

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

Matt Corke

twitter linkedin googleplus

Matt Corke is Finder’s head of publishing ventures. Prior to this he was head of publishing for Australia, New Zealand and emerging markets. Matt built his first website in 1999 and has been building computers since he was in his early teens. In that time, he has survived the dot-com crash and countless Google algorithm updates.

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

1 - 11 of 11

Name	Mobile details underline	Interest Rate (p.a.)	Comp. Rate (p.a.)	Rate Type	Application Fee	Monthly Fee
IMB New Car Loan Fixed, 1 - 7 Years, $2,000 - $75,000	1 - 7 Years, $2,000 - $75,000	4.88%	5.23%	Fixed	$275.12	$0	You'll receive a fixed rate of 4.88% p.a. A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.	Go to site More Info	Compare	loading Fetching your data...
loans.com.au - New - Prime Special (Variable) Variable, 3 - 5 Years, $5,000 - $100,000	3 - 5 Years, $5,000 - $100,000	3.74%	4.28%	Variable	$400	$0	You'll receive a variable rate of 3.74% p.a. based on your risk profile Finance a new car and benefit from features such as fast approval, no ongoing fees. ⭐ Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.	Go to site More Info	Compare	loading Fetching your data...
RACV New Car Loans Fixed, 1 - 7 Years, $5,000 - $150,000	1 - 7 Years, $5,000 - $150,000	5.99%	6.68%	Fixed	$499	$0	You'll receive a fixed rate from 5.99% p.a. A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.	Go to site More Info	Compare	loading Fetching your data...
loans.com.au - New - Prime Special (Fixed) Fixed, 3 - 5 Years, $5,000 - $100,000	3 - 5 Years, $5,000 - $100,000	5.09%	5.64%	Fixed	$400	$0	You'll receive a fixed rate of 5.09% p.a. based on your risk profile Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. ⭐ Special Offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.	Go to site More Info	Compare	loading Fetching your data...
Stratton Finance New Car Loan Fixed, 1 - 7 Years, $10,000 - $300,000	1 - 7 Years, $10,000 - $300,000	4.44% to 18%	5.76% to 19.61%	Fixed	$482	$8.90	You'll receive a fixed rate from 4.44% p.a. depending on the lender you are approved with. Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.	Go to site More Info	Compare	loading Fetching your data...
OurMoneyMarket Car Loan Fixed, 1 - 7 Years, $2,001 - $75,000	1 - 7 Years, $2,001 - $75,000	5.85% to 14.99%	6.47% to 21.14%	Fixed	1.5% - 6% min. $250	$0	You'll receive a fixed interest rate from 5.85% p.a. to p.a. based on your risk profile. Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.	Go to site More Info	Compare	loading Fetching your data...
loans.com.au - Used Car Loan (6+ years) Variable, 3 - 5 Years, $5,000 - $100,000	3 - 5 Years, $5,000 - $100,000	5.04%	5.59%	Variable	$400	$0	You'll get a variable rate of 5.04% p.a. Borrow up to $100,000 for a used car for 6+ years, with no monthly fee. ⭐ Special offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.	Go to site More Info	Compare	loading Fetching your data...
NRMA New Car Loan Fixed, 1 - 7 Years, $5,000 - $130,000	1 - 7 Years, $5,000 - $130,000	5.99%	6.68%	Fixed	$499	$0	You'll receive a fixed rate from 5.99% p.a. Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.	Go to site More Info	Compare	loading Fetching your data...
loans.com.au - Used Car Loan (8+ years) Variable, 3 - 5 Years, $5,000 - $50,000	3 - 5 Years, $5,000 - $50,000	8.94%	9.51%	Variable	$400	$0	You'll get a variable rate of 8.94% p.a. Borrow up to $50,000 for a used car for 8+ years, with no monthly fee. ⭐ Special offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.	Go to site More Info	Compare	loading Fetching your data...
NRMA Used Car Loan Fixed, 1 - 7 Years, $5,000 - $130,000	1 - 7 Years, $5,000 - $130,000	6.99%	7.68%	Fixed	$499	$0	You'll receive a fixed rate from 6.99% 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.	Go to site More Info	Compare	loading Fetching your data...
Stratton Finance Used Car Loan Fixed, 1 - 7 Years, $10,000 - $300,000	1 - 7 Years, $10,000 - $300,000	4.99% to 18%	6.41% to 19.61%	Fixed	$482	$8.90	You'll receive a fixed rate loan from 4.99% p.a. with a comparison rate of 6.41% p.a. A used car loan of up to $300,000 with quick approval times and balloon payment options.	Go to site More Info	Compare	loading Fetching your data...

Compare up to 4 providers

IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

More info

Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

More info

RACV New Car Loans

You'll receive a fixed rate from 5.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

More info

NRMA New Car Loan

You'll receive a fixed rate of 5.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

More info

Ask an expert

To ask a question simply log in via your email or create an account.

Click here to cancel reply.

Display Name

Your Email (will not be published)

Your Question

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Ask a question

12 Comments

Veronica
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.

Reply
- jonathan.chan@findercrew.com
  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
  
  Reply
Vanessa
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

Reply
- finder Customer Care
  
  Dee
  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
  
  Reply
Rose
February 4, 2017

just wondering if these loans have an early exit fee?

Reply
- finder Customer Care
  
  May
  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
  
  Reply
mercia
November 23, 2016

Does CUA offer balloon payments ?

Reply
- finder Customer Care
  
  Dee
  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
  
  Reply
P
August 26, 2015

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

Reply
- finder Customer Care
  
  Elizabeth
  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
  
  Reply