CUA Fixed Rate Personal Loan

Rates and Fees verified correct on July 22nd, 2016

Repayments know no limits with the Fixed Rate Personal Loan from CUA.

The CUA Fixed Rate Personal Loan is an all-purpose lending product that can be used to cover the cost of any major purchase. Buy new furniture, take a much-needed vacation or consolidate your debts — whatever your need, this loan can cover it.

Unlimited repayments and no added fees will help you pay this personal loan off quickly. With a fixed rate and flexible repayment options, you have the stability you need to help the CUA loan fit right in with your budget.

Product NameCUA Fixed Rate Personal Loan
Interest Rate (p.a.)From 11.99% (fixed)
Comparison Rate (p.a.)12.83%
Interest Rate TypeFixed
Minimum Loan Term1 year
Maximum Loan Term7 years
Min Loan Amount$1,000
Max. Loan Amount$50,000
Application Fee$120
Monthly Service Fee$0
Pros
  • No monthly account keeping fee
  • No penalty for early payouts
  • Flexible repayments
Cons
  • Application fee of $120 required

Things to consider about the CUA Fixed Rate Personal Loan

The CUA Fixed Rate Personal Loan is an unsecured personal loan offered at a fixed interest rate of 11.99% p.a. There are no added monthly fees to weigh down your repayments and the initial application fee is minimal.

For those who are shopping personal loans for a new car, CUA has a fixed rate product designed specifically for this purpose. The interest rate is 7.99% p.a. and just like with the personal loan, you can choose a flexible repayment schedule that fits in with your budget.

Features of the CUA Fixed Rate Personal Loan

This is a competitive personal loan that's worth considering when you're trying to meet a high-priced personal need. The features include:

  • Interest rate. You will be charged 11.99% p.a. interest on the balance of your loan.
  • Comparison rate. With other charges and fees considered, the comparison rate is 12.83% p.a.
  • Interest rate type. This is a fixed rate loan, resulting in a constant repayment amount to help you plan your budget.
  • Loan terms. You can choose to pay your loan off over a period of 1 to 7 years.
  • Repayments. The repayment terms are flexible for this loan and can be made according to your pay schedule. You can also make as many additional repayments as you wish with no worry of penalties or charges if the loan is paid off sooner than expected.
  • Loan amount. A personal fixed rate loan from CUA is offered in amounts ranging from $1,000 to $50,000.
  • Application fee. You will be expected to pay $120 for the processing of your application.
  • No monthly fees. You'll be charged $0 for the monthly maintenance of your account.

How to apply for the CUA Fixed Rate Personal Loan

You can apply for this personal loan product from CUA online, and to do so just click 'Go to Site' to start your application. Before you begin, make sure that you are able to meet the following eligibility requirements:

  • You must be at least 18 years of age
  • CUA will only consider applications from Australian permanent residents and citizens
  • You will have to be able to provide proof of a regular income
  • Not declared bankruptcy or insolvency
  • No defaults on any forms of finance in the past five years

If you can meet these requirements, click ‘Go to Site’ to begin the application. Have the following documentation ready to help with the questions you will be asked on the application:

  • Personal information. Your name, birth date and current address will have to be disclosed. You may also need to provide an e-mail address in order for a representative from CUA to contact you.
  • Income. A detailed description of your current employment situation including contact information and earnings.
  • Identification. Your driver’s licence number, passport or Medicare card may be required.
  • Liabilities. A complete listing of your current debts. Include any other loans and credit cards.
  • Assets. Your personal assets. This could include property, automobiles and savings accounts.

This is a good personal loan to consider if you need money to cover the cost of a major expense. When comparing this to other personal loans, look carefully at the varying interest rates and other fees that may be included so that you can find the right loan for your needs.

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This page was last modified on 2 September 2015 at 15:43.

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31 Responses to CUA Fixed Rate Personal Loan

  1. Default Gravatar
    Gordon | July 13, 2016

    Hi,
    My wife and I are separating and she is needing to consolidate some c/cards & a personal loan together to help manage cash flow. Due to things getting a little tight for her financially of late, she’s been late a couple of times for her repayments on her c/card, but this won’t happen once bought together on one loan. Do you ask for copies of c/card & loan statements as part of the assessment criteria, or is it strictly as per your list: Pers. Info, Income, ID, Liabilities, Assets? Thank you.
    Gordon.

    • Staff
      May | July 13, 2016

      Hi Gordon,

      Thank you for your inquiry and I’m sorry to hear about you and your wife’s current situation.

      Just to confirm though that you’ve come through to finder.com.au we are an Australian financial comparison website and general information service and we do not represent or an affiliate of any lender or credit card company we feature on our site.

      You may like to check this page where you might be able to find our guide and compare your credit card and personal loan consolidation options (for your wife). Generally, for credit cards, Citibank and Virgin Money are credit card issuers that accept a balance transfer from both credit card and personal loans.

      Please make sure to review the criteria as the requirements will vary from lender to lender. You’d be best to contact the lender/credit card issuer before you submit any application so you can discuss your options and situation.

      I hope this is helpful.

      Cheers,
      May

  2. Default Gravatar
    Roberto | May 12, 2016

    I meet all other requirement, but now lam not working but my wife is, am i still eligible for a consilidation loan??

    • Staff
      Matt | May 13, 2016

      Hi Roberto,

      CUA state that you have to provide proof of a regular income. CUA also offer joint application personal loans that you may be able to apply for with your wife.

      Hope this helps.

      Cheers
      Matt

  3. Default Gravatar
    margaret | February 1, 2016

    I tried applying online but could not get past the personal profile page, spent around 10 mins trying to get to the next step. All required fields were correctly filled in!

    • Staff
      Elizabeth | February 2, 2016

      Hi Margaret,

      If you’ve ensured all fields with the asterisk were filled in, as the application is handled directly by CUA you will need to get in contact with them to get assistance with the application.

      Sorry I couldn’t be of more assistance.

      Elizabeth

  4. Default Gravatar
    milton | November 14, 2015

    I want personal loan I will repaid its properly so pls arrange my personal loan .Thanking you

    • Staff
      Elizabeth | November 16, 2015

      Hi Milton,

      Thanks for your enquiry.

      If you’re interested in applying for a personal loan with CUA please click “Go to Site”. Remember to check the eligibility criteria before you apply.

      Thanks,

      Elizabeth

  5. Default Gravatar
    Amz | October 23, 2015

    Hi there! Just wondering if i already have a loan with CUA can i increase this to consolidate debt again? My credit rating is poor but i have a great repayment history with the bank. I just want to get rid of my credit card that is costing me too much in interest…so im getting no where.

    Thanks

    • Staff
      Matt | October 23, 2015

      Hi There Amz,

      Thanks for your comment. I am not in a position to comment on repayments on credit rating with CUA, banks and credit unions don’t divulge their lending criteria or scoring.

      Your best option may be to get in touch with CUA directly to discuss your account.

      I hope this has helped.

      Cheers
      Matt

  6. Default Gravatar
    Kristy | September 29, 2015

    Hi,

    Does CUA accept joint applications? Myself and my partner would like to apply for $50,000 to completely consolidate our debt but probably wouldn’t be considered if either of us apply individually. Thanks in advance.

    • Staff
      Elizabeth | September 29, 2015

      Hi Kristy,

      Thanks for your question.

      CUA allows up to four people to apply for this personal loan together. Keep in mind that to be eligible you still need to:
      - be at least 18 years of age
      - be a permanent resident of Australia
      - be currently employed
      - be receiving a regular income
      - have not declared bankruptcy or insolvency, or had defaults on any loans, credit cards, interest free finance or store cards in the last five years

      I hope this information has helped.

      Thanks,

      Elizabeth

    • Default Gravatar
      Kristy | September 29, 2015

      Thanks Elizabeth. I appreciate your prompt and thorough answer.

      Have a wonderful day!!

  7. Default Gravatar
    Marcel | September 24, 2015

    Would you be able to advise if banks/financial institutions such as CUA would provide a loan such as the one above to someone if they previously had a minor default 2-3yrs ago however its been paid in full and on Veda it shows as Status: Complete – paid in full.
    Do you think they would?

    • Staff
      Elizabeth | September 25, 2015

      Hi Marcel,

      Thanks for your question.

      To be eligible for this loan, you need to ‘gave not declared bankruptcy or insolvency, or had defaults on any loans, credit cards, interest free finance or store cards in the last five years’. So unfortunately you will not be eligible.

      You can compare bad credit personal loan options on this page.

      I hope this has helped.

      Thanks,

      Elizabeth

  8. Default Gravatar
    | September 9, 2015

    I have saved my application for a personal loan. The XXXXXXXXX was given to me in an email. The email gave me a link to the home page where I could not find what to do? The information I was given did not make it clear how to access my information. How do I access my saved application so I can finish it? Thanks

    • Staff
      Elizabeth | September 9, 2015

      Hi Jane,

      You can input your application ID and continue your application on the CUA website where you apply for a personal loan. I have emailed you a link.

      Thanks,

      Elizabeth

  9. Default Gravatar
    | September 3, 2015

    Am I able to use the finance to consolidate debts?

    • Staff
      Elizabeth | September 3, 2015

      Hi Janne,

      Thanks for your question.

      Yes, you’re able to use this loan to consolidate your debts.

      I hope this has helped.

      Thanks,

      Elizabeth

  10. Default Gravatar
    Nessa | September 1, 2015

    Does the CUA Fixed Rate Personal Loan include or cover a personal loan for a new car?

    • Staff
      Elizabeth | September 1, 2015

      Hi Nessa,

      Thanks for your question.

      This loan can be used for any purpose, including the purchase of a car. If you’re looking at buying a new car or a used car less than five years old, you can also consider the Fixed Rate Car Loan from CUA.

      I hope this has helped.

      Thanks,

      Elizabeth

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