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CUA Fixed Rate Car Loan

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

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

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Details

Product NameCUA Secured Fixed Car Loan
Interest Rate (p.a.)6.79% (fixed)
Comparison Rate (p.a.)7.16%
Interest Rate TypeFixed
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

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
IMB New Car Loan
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
$0
You'll receive a fixed rate of 4.99% 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
Plenti Car Loan
Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,000
3 to 7 years
from $249 to $799
$0
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
Go to site
More Info
Loans.com.au - New and Dealer Used Car Loan
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% 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. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Go to site
More Info
NRMA New Car Loan
NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% 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.
Go to site
More Info
Credit Concierge Car Loan
Credit Concierge Car Loan
From 3.85% (fixed)
4.91%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.85% p.a. with a comparison rate of 4.91% p.a.
Get access to over 20 providers to fund a new or used car.

Go to site
More Info
Wisr Secured Car Loan
Wisr Secured Car Loan
From 4.74% (fixed)
5.01%
$5,000
3 to 7 years
$195 (Includes PPSR registration fee)
$0
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

Go to site
More Info
NAB Personal Loan Unsecured Fixed
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% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
Go to site
More Info
RACV New Car Loans
RACV New Car Loans
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 4.99% 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
OurMoneyMarket Car Loan
OurMoneyMarket Car Loan
From 5.35% (fixed)
5.65%
$2,001
1 to 7 years
$250
$0
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 10 years.
Go to site
More Info
CUA Secured Fixed Car Loan
CUA Secured Fixed Car Loan
6.79% (fixed)
7.16%
$5,000
1 to 7 years
$265 ($175 Establishment Fee + $90 Security Administration Fee)
$0
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
Go to site
More Info
Latitude Personal Loan (Secured)
Latitude Personal Loan (Secured)
From 5.99% (fixed)
7.26%
$3,000
1 to 7 years
Loans under $5000 - $140
$13
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Go to site
More Info
Stratton Finance New Car Loan
Stratton Finance New Car Loan
From 3.85% (fixed)
4.05%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 3.85% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
Go to site
More Info
SocietyOne Car Loan
SocietyOne Car Loan
From 6.99% (fixed)
6.99%
$5,000
2 to 5 years
from 0% to 5% of the total loan amount
$0
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.
Go to site
More Info
NRMA Used Car Loan
NRMA Used Car Loan
From 6.49% (fixed)
7.19%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 6.49% 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.
Go to site
More Info
Symple Loans Personal Loan
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.
Go to site
More Info
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Compare up to 4 providers

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% 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
Logo for Beyond Bank Low Rate Car Loan "Special Offer"
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
Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% 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
Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% 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

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12 Comments

    Default Gravatar
    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
      Default Gravatar
      Jonathan
      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
    Default Gravatar
    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
      Avatarfinder 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
    Default Gravatar
    Rose
    February 4, 2017

    just wondering if these loans have an early exit fee?

    Reply
      Avatarfinder 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
    Default Gravatar
    mercia
    November 23, 2016

    Does CUA offer balloon payments ?

    Reply
      Avatarfinder 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
    Default Gravatar
    P
    August 26, 2015

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

    Reply
      Avatarfinder 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
    Default Gravatar
    Liz
    June 12, 2015

    Hi, I am a pensioner, aged 66, with a solid saving habit and proof therof….am about to head overseas for three months using only my savings of twelve months and my full pension. When I get home I am hoping to buy a small caravan to keep in my daughter’s backyard as a private little bolthole for when I visit my large family in Brisbane. The caravans I am looking at are called AVans. I have my eye on one for $15K but most of them are up to $25k. I have a credit card with a limit of 5K but I pay it off completely each month. I currently have $6,479 in my Ubank account. Of this, 5k is for my trip and the rest is for bills from home whilst overseas. I own my own home outright which is worth about $150k. Could you let my know my chances please? O yes, I also, on top of the pension O $864 pfn, I receive $100 per fortnight as spousal maintenance. Which makes my income $964pfn. Hoping to hear from you. Liz

    Reply
      Avatarfinder Customer Care
      Elizabeth
      June 15, 2015

      Hi Liz,

      Thanks for your question.

      To be eligible for a personal loan with CUA, you will need to be currently employed. You can compare your other Caravan loan options and specifically find loan options for pensioners available. Take a look at the review pages for the individual eligibility criteria before applying. Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.

      I hope this has helped.

      Thanks,
      Elizabeth

      Reply
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