CUA Variable Rate Personal Loan

Rates and Fees verified correct on October 27th, 2016

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.

Product NameCUA Variable Rate Personal Loan
Interest Rate (p.a.)From 12.99% (variable)
Comparison Rate (p.a.)13.84%
Interest Rate TypeVariable
Minimum Loan Term1 year
Maximum Loan Term7 years
Min Loan Amount$1,000
Max. Loan Amount$100,000
Application Fee$120
Monthly Service Fee$0


  • No monthly service fee required
  • No penalties for extra repayments
  • Flexible repayments


  • Loan establishment fee of $120 applies
  • Minimum loan amount of $1000

Things to consider about the CUA Variable Rate Personal Loan

When you take out a Variable Rate Personal Loan with CUA you are treated to no monthly fees and a variable interest rate of 12.99% p.a. You choose when and how often to make repayments plus you can 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. 12.99% p.a. interest is applied to the amount of your personal loan. The comparison rate is 13.84% p.a.
  • Interest rate type. This is a variable rate loan, meaning that the interest rate could change with market fluctuations.
  • Loan term. Choose a loan term between 1 year(s) and 7 year(s).
  • Loan amount. Borrow upwards of $1,000 for your personal needs.
  • Application fee. You will be charged $120 when applying for this personal loan.
  • 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 need to access any extra repayments you've made for another expense, the personal loan from CUA gives you that option.
  • 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, position held and length of time at current job.
  • 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.

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This page was last modified on 14 August 2015 at 13:46.

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10 Responses to CUA Variable Rate Personal Loan

  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.

    • Staff
      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,


  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 elagability to the dsp.
    Can you help?

    • Staff
      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,


  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?

    • Staff
      Elizabeth | February 22, 2016

      Hi Marilyn,

      You’ve come through to, 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.



  4. Default Gravatar
    shadow | February 19, 2016

    monthly repayments please for 35,000 over 7 years

    • Staff
      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,


  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.)

    • Staff
      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.



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