Ask Roland a Question

Hi, I’m the site founder and I will personally answer your question within a business day.

By submitting this question you agree to our privacy policy.

CUA Fixed Personal Loan Guide
Smart Money

CUA Fixed Personal Loan Guide

Last updated

Offering an incredible range of flexible features, the CUA Unsecured Fixed Personal Loan helps to keep costs down with no monthly fees, extra repayment fees or early payout fees. You can borrow $5,000 to $50,000 over a period of one to seven years, with the option to redraw extra repayments should you need to use those funds elsewhere.

✔ Loans ranging from $5,000 to $50,000
✔ Choose a loan term from 1-7 years
✔ Budget with confidence thanks to a fixed rate
✔ Your choice of weekly, fortnightly or monthly repayments
✔ Enjoy extra flexibility with unlimited extra repayments
✔ Access extra repayments using the redraw feature
✔ No monthly fees or payout fees

• Establishment Fee: $175
• Advertised Rate: 9.89% p.a.
• Comparison Rate: 10.14% p.a.

Apply for a CUA Fixed Personal Loan

 

Flexible Features

Flexible Repayment Options

With this loan, you can choose to make either monthly, fortnightly or weekly repayments. This can be seriously handy, as it allows you to fit your repayments around your paycheques, ensuring your repayment schedule fits well within your budget. As for loan terms, these range from one to seven years, meaning you can opt for a shorter term, or stretch it out as your budget allows.

Unlimited Extra Repayments

Aside from your regular loan repayments, you can also choose to make extra repayments when it suits you. By chipping away at your loan like this, you can pay off your loan sooner, making unlimited extra repayments with no fee to worry about.

No Penalties For Early Payout

Another nice feature on this loan allows you to pay the entire loan off early – with no penalty. So, whether you plan on making a number of extra repayments over the length of the loan or one big repayment somewhere along the way, you can rest easy knowing you can pay off your loan faster without copping a fee.

Access Your Cash Via Redraw

When you make extra repayments on your loan, you can access those funds when you need them using the redraw feature. This can give you some peace of mind knowing you can pay more into your loan when you’re able, to then withdraw it later should you need to.

Fees and Interest

Fixed Rate

With its fixed rate, your loan’s repayments will remain the same throughout the entire loan term. This not only makes it easier to budget month to month, it also allows you to see exactly how much you will repay on the loan overall.

Fees

There are no ongoing fees on this loan, and as we mentioned before, no fees for making extra repayments or paying out the loan early. It is worth noting that there is a $175 establishment fee, but you may be able to roll that into your loan should you need to.

How To Apply

Overall, the CUA Unsecured Fixed Personal Loan is a simple loan with some nice, flexible features. If you want a loan that can adapt to suit your needs – whether that means choosing your repayment frequency or paying off extra throughout the loan term – this is a loan that’s well worth looking into.

In terms of cost, both fees and interest are competitive within the market. Its fixed rate is a winning feature for those who like to know exactly how much their repayments will be. And it can be reassuring to know the overall cost of the loan before you apply – especially as you compare loans side by side.

And eligibility? Here’s how CUA breaks that down.

  • You must be at least 18 years of age.
  • You must be a permanent resident of Australia.
  • You must be employed or receive regular income.
  • You must not be or have been insolvent or bankrupt.
  • You must have no past, present or pending claims against you.

Apply for a CUA Personal Loan

 

What Happens Next?

Go to the CUA site to apply securely online. There, you’ll complete an online application, which takes around 20 minutes. You’ll then be asked to provide some documentation to prove your ID, and financial information to back up the info you’ve provided.

Once you’ve been approved, all you need to do is accept your loan contract, and the funds will be available for you to use via internet banking.

Photo source: Pexels
Founder - Roland B Bleyer

Roland Bleyer

Founder of Creditcard.com.au. Roland has extensive knowledge about credit cards in Australia. Known as a credit card expert, he has been featured on tv and in various publications. Some popular offers on our site right now include the ANZ Low Rate. This special offer has no annual fee first year, a low purchase rate and long 0% balance transfer. Have a look also at the huge 0% for 30 months balance transfer from Citi with no balance transfer fees.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

Ask us a Question

Hi, we are here to help and will answer your question within a business day.

By submitting this question you agree to our privacy policy.

(showing the latest 10 Q&As)

Featured Balance Transfer Credit Cards

Citi Rewards Credit Card – Balance Transfer Offer

5 reviews
$0 saved over 30 months

HSBC Platinum Credit Card – 0% Balance Transfer Offer

5 reviews
$0 saved over 36 months

ANZ Low Rate Credit Card – 0% Balance Transfer

61 reviews
$0 saved over 30 months

Featured Rewards Credit Cards

13 reviews
points earned over 12 months

1 review
points earned over 12 months

5 reviews
points earned over 12 months
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.