CUA Variable Rate Personal Loan

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The Variable Rate Personal Loan from CUA gives you the opportunity to buy that special something you have had your eye on and pay it off over time.

The competitive variable interest rate offered by the CUA Variable Rate Personal Loan gives you the boost you need to make a major purchase, plan your summer holiday or pay off your other high-interest debts.
The flexible repayment options that CUA offers gives you the chance to save money with extra repayments to bring down your interest rate and zero penalties if you pay off the loan before the end of the term.

11.89% (variable)

Interest Rate (p.a.)

12.15%

Comparison Rate (p.a.)

$5,000

Min Loan Amount

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Details

Product NameCUA Unsecured Variable Personal Loan
Interest Rate (p.a.)11.89% (variable)
Comparison Rate (p.a.)12.15%
Interest Rate TypeVariable
Min Loan Amount$5,000
Max. Loan Amount$60,000
Loan SecurityUnsecured
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Main points to consider about the CUA Variable Rate Personal Loan

When you take out a Variable Rate Personal Loan with CUA, you can enjoy no monthly fees and no penalty for early repayment. You will receive a interest rate of 11.89% p.a. You can choose when and how often you make repayments as well as being able to make as many extra ones as your finances allow.

For those who like stability with their repayments, CUA also offers a fixed rate version of its personal loan. You get the same repayment options as with the variable rate loan, including unlimited repayments.

Features of the CUA Variable Rate Personal Loan

  • Interest rate. 11.89% p.a. interest is applied to the amount of your personal loan. The comparison rate is 12.15% p.a.
  • Interest rate type. This is a variable rate loan, meaning that the interest rate could change with market fluctuations.
  • Establishment fee. A $175 establishment fee applies.
  • Loan term. Choose a loan term between 1 year and 7 years.
  • Loan amount. Borrow between $5,000 and $60,000 online. You can borrow up to $100,000 if you visit branch.
  • Repayments. You are offered flexible repayment options and are given the ability to make as many extra repayments as your budget allows.
  • Redraw. If you make additional repayments you can access them using the redraw facility with this personal loan. There is a $200 minimum for in-branch redraws.
  • Monthly fees. There are no monthly maintenance charges with this loan.

How to apply for the CUA Variable Rate Personal Loan

If the CUA Variable Rate Personal Loan is the right product for you, you can apply online. Just click the "Go to Site" button to get your application started. Before doing so, make sure that you are able to meet the following eligibility requirements:

  • You must be at least 18 years old
  • Applications will only be accepted from Australian citizens and residents
  • Your current credit report should have no defaults on any credit product in the last five years

If you meet these requirements you can continue to the application page. Have the following documentation ready to assist you in filling out the paperwork:

  • Personal information. You will need to supply your full name, current address and your driver's licence number.
  • Employment. Employment details will be required including employer's contact information, the position you hold and how long you've worked there.
  • Income. Provide details of your income. This should include your salary plus any other regular income you receive, such as a monthly rental payment.
  • Assets. A list of your assets. Include your car, savings and any investment accounts.
  • Liabilities. A complete list of all of your current debts. For credit cards, have ready the available balance as well as the amount that you owe.

A personal loan is a convenient way to fund an item that may be currently out of your reach. There are many features and options to consider before you make your final choice. Compare the personal loans being offered by a variety of different banking institutions before you settle for one.

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 25.69% 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.

⭐Finder Exclusive: Receive a 100% rebate up to $575 on your establishment fee when you apply and accept your loan offer through Finder plus use the promo code FINDER by 16 December 2020. T&Cs apply.

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

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% 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.

Logo for Pepper Money Unsecured Fixed Rate Personal Loan
Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 6.95% p.a. and 17.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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10 Comments

  1. Default Gravatar
    Nivenia
    July 28, 2016

    Hi, My fiancee and I have been with CUA for around 11 years(there bout) could be more, I was wondering if this helps in getting a personal loan or a overdraw account and can it be a joint loan account. We just want it for when that unexpected money thing comes up.

    • Avatarfinder Customer Care
      Elizabeth
      July 28, 2016

      Hi Nivenia,

      If you have an existing relationship with your bank it can help bolster your application. This is because your bank will have more data (11 years worth in your case) that other banks and lenders won’t. If that data is good and your accounts are in good standing, i.e. they haven’t been overdrawn recently, or if you have a savings account with CUA, it can help your application.

      However, it will ultimately come down to your ability to afford the loan. Chatting to CUA directly about your situation is a good first step to take.

      I hope this helps,

      Elizabeth

  2. Default Gravatar
    Paul
    May 10, 2016

    Hi. I have a current master card owing $6000. I am on a disability pension and have recently had my need for treatment increased. I need to get a loan to remove the credit card debt.
    I am 46 and have never defaulted on a payment but I cannot keep up my cards demands. I am outside the standard deviation the dsp is based on. I have to manage 3 separate illnesses each giving eligibility to the dsp.
    Can you help?
    Paul.

    • Avatarfinder Customer Care
      Elizabeth
      May 10, 2016

      Hi Paul,

      The minimum eligibility for a CUA loan is that you’re over the age of 18 and a permanent Australian resident, so if you feel you can afford the repayments you can apply. However, it will be best to contact CUA directly and discuss your eligibility before you apply. If you aren’t eligible for this loan you can find a list of other pensioner loan options on this page.

      I hope this has helped,

      Elizabeth

  3. Default Gravatar
    Marilyn
    February 21, 2016

    Hi. What would repayments be for 20,000 over 7 years and where are your branches on the Gold Coast?

    • Avatarfinder Customer Care
      Elizabeth
      February 22, 2016

      Hi Marilyn,

      You’ve come through to finder.com.au, a financial comparison website and not CUA, but I can still help with your enquiry. I used the personal loan calculator on this page to work out repayments would be a$364/month based on the 12.99% variable rate. However, this doesn’t include other fees usually associated with personal loans so repayments may be slightly higher. Click the green ‘Go to Site’ button to search CUA’s branches by postcode.

      Thanks,

      Elizabeth

  4. Default Gravatar
    shadow
    February 19, 2016

    monthly repayments please for 35,000 over 7 years

    • Avatarfinder Customer Care
      Elizabeth
      February 19, 2016

      Hi Shadow,

      I used our personal loan calculator on this page to work out that a $35,000 loan paid back monthly over 7 year period with a 12.99% standard variable rate would be $637/month in repayments. However, this is based on the standard rate, so other fees associated with the loan are not included in that.

      Hope this helps,

      Elizabeth

  5. Default Gravatar
    Taina
    December 3, 2015

    If I apply for $2000 what would my repayments be for paying every month for 1yr (just approx.)

    • Avatarfinder Customer Care
      Elizabeth
      December 3, 2015

      Hi Taina,

      As this is a variable rate loan your repayments can fluctuate from month to month, but using the current rate your repayments would approximately be $89.31 per month. Be sure to check your loan contract for a total breakdown of fees and costs before agreeing to the loan.

      I hope this has helped.

      Thanks,

      Elizabeth

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