Important disclosure
Calculate your repayments for this loan
Your estimated repayment
$950
based on $30,000 loan amount for 3 years at 8.69%
Pros and cons
For Online-only Special Fixed Rate Personal Loan
Benefits
- Lower than average rate
- No ongoing fees
- No early exit penalty
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- Can apply in branch
- Use the loan for any worthwhile purpose
Drawbacks
- Higher than average application fee
Credit Union SA Rate Personal loan overview
For Online-only Special Fixed Rate Personal Loan
Details
Total repayments $34,188 | Interest rate type Fixed |
Borrowing range $15k - $100m | Security type Secured |
Loan term 1 to 7 years | Secured by Vehicle |
Loan type Is Fully Drawn Advance | Repayment frequency Weekly, Fortnightly, Monthly |
Target Market Determination Visit Credit Union SA Ltd to view Target Market Determination. |
Features
Extra repayments Yes | Redraw facility redraw activation fee of $0 |
Instant approval | Time to funding N/A |
Fees
Upfront Fee $350 | Ongoing Fee $0 |
Missed Payment Penalty $15 | Early Exit Penalty Fee $0 |
Permitted Loan Purposes
New Car | Used Car |
Motorcycle | Boat |
Debt Consolidation | Renovation |
Holidays | Medical Bill |
Shares | Student Loan |
Wedding |
Other Restrictions
Special rates available to customers online. Security processing fee of $60 applies when loan is to be secured by a motor vehicle
FAQs
How long are $3000 loans?
Medium amount loans can be repaid between 16 days and 2 years. Many personal loans have terms between 1 year and 5 years, though some are as short as 6 months while others last for 10 years.
Generally, the shorter a loan’s term, the more expensive your regular repayments may be, but the less total interest you’ll pay. Loans with longer terms mean more affordable repayments, but more interest charges over the full term.