CUA personal loan repayment calculator

Thinking about taking out a personal loan with CUA? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how CUA personal loans compare with other options.

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at interest rate 10.00 %

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Pros and cons

  • Secured and unsecured loans offered
  • No application, ongoing or exit fees
  • Redraw facility and extra repayments offered
  • Secured loan administration fee
  • Higher than average interest rates

CUA personal loans rates

Advertised Rate
Comparison Rate*
Upfront Fee
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based on $30,000 loan amount for 5 years


Redraw facility
Extra repayments
Fully drawn advance
More details





based on $30,000 loan amount for 5 years


Redraw facility
Extra repayments
Fully drawn advance
More details

Features of a CUA personal loan

CUA provides its customers with personal loans for a wide range of purposes including debt consolidation, buying a vehicle, home renovations, travel and education expenses. Borrowers may apply for personal loans up to $100,000.

The credit union offers both secured and unsecured personal loans, with a repayment term ranging from one to seven years. CUA personal loan interest rates range from moderately low to moderate and they offer both fixed and variable loan terms.

CUA also rewards its personal loan customers by scrapping many common fees, including ongoing fees and early exit penalty fees. However, you should keep an eye out for a one-off establishment fee and administration fees applied to secured loans. Redraw facilities and extra repayments are also available for CUA personal loan products, and you’re able to apply both online or in branch.

Customer service

You can contact CUA by dropping into one of their 50+ branches across Australia, their online platform and mobile banking app. You can also give them a call through CUA Direct, their Australia-based call centre, which is open Monday to Friday, 8:00am to 8:00pm (AEST) and Saturday to Sunday, 8:00am to 4:00pm (AEST).

They also allow customers to manage their finances through Apple Pay, Google Pay and Samsung Pay. 

Who is eligible for a CUA personal loan?

To qualify for a CUA personal loan, it is required that you:

  • Are at least 18 years of age
  • Are a permanent resident of Australia
  • Are currently employed or receive a regular income
  • Have not declared bankruptcy or insolvency
  • Have no past, present or pending claims against you

How to apply for a CUA personal loan?

You can apply for a CUA loan in the following ways:

  • Online application process for loans of up to $60,000.
  • In branch for loans of at least $1,000 and larger loans over $60,000.
  • Over the phone

Once approved for the personal loan, it generally takes at least one business day for the borrower to receive the funds.

CUA personal loans review

CUA is a credit union with branches Australia wide. They offer secured and unsecured personal loans with a maximum borrow amount of $100,000.

CUA is a competitive choice for everyday Aussies looking for a personal loan with helpful features and very minimal fees. Not only do their interest rates range from moderately low to moderate, CUA does not charge ongoing fees and early exit penalty fees. Keep in mind that CUA does charge a one-off establishment fee, and, for secured personal loans, a security administration fee applies. 

CUA personal loan customers can also enjoy features like unlimited free extra repayments and a redraw facility.

The credit union does limit borrowing from those who have declared bankruptcy or insolvency, so their personal loans may not be suitable if you are deemed an unreliable borrower.

Learn more about CUA

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.

What is an unsecured bad credit personal loan?

A bad credit personal loan is ‘unsecured’ when the borrower doesn’t offer up an asset, such as a car or jewellery, as collateral or security. Lenders generally charge higher interest rates on unsecured loans than secured loans.

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

Can I repay a $3000 personal loan early?

If you receive a financial windfall (e.g. tax refund, inheritance, bonus), using some of this money to make extra repayments onto your personal loan or medium amount loan could help reduce the total interest you’re charged on your loan, or help clear your debt ahead of schedule.

Check your loan’s terms and conditions before paying extra onto your loan, as some lenders charge fees for making extra repayments, or early exit fees for clearing your debt ahead of the agreed term.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

How long does it take to get a $5000 loan?

Depending on the lender, personal loans and medium-amount loans for $5000 can sometimes be approved in under an hour, and give you access to the money the same day. Other loans may take 24 hours or longer to assess your application, and you may not get the money for a few days.

Do $4000 loans have no credit checks?

Many medium amount loans for $4000 have no credit checks and are instead assessed based on your current ability to repay the loan, rather than by looking at your credit history. While these loans can appear attractive to bad credit borrowers, it’s important to remember that they often have high fees and can be costlier than other options.

Personal loans for $4000 are more likely to have longer loan terms and will require a credit check as part of the application process. Bad credit borrowers may see their $4000 loan applications declined or have to pay higher interest rates than good credit borrowers.

How can I get a $3000 loan approved?

Responsible lenders don’t have guaranteed approval for personal loans and medium amount loans, as the lender will want to check that you can afford the loan repayments on your current income without ending up in financial hardship.

Having a good credit score can increase the likelihood of your personal loan application being approved. Bad credit borrowers who opt for a medium amount loan with no credit checks may need to prove they can afford the repayments on their current income. Centrelink payments may not count, so you should check with the lender prior to making an application.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

When was comprehensive credit reporting introduced?

Comprehensive credit reporting was introduced to make credit reports fairer and more accurate. Under the previous system, credit providers only saw negative information about potential borrowers. Now, they're able to see both positive and negative information, which means that credit providers can see if a borrower’s negative credit behaviour is consistent or a mere one-off.

What is a secured bad credit personal loan?

A bad credit personal loan is 'secured' when the borrower offers up an asset, such as a car or jewellery, as collateral or security. If the borrower fails to repay the loan, the lender can then seize the asset to recoup its losses.

What's a credit report?

A credit report is a record of your credit history, which covers your credit enquiries, borrowings and your repayments. The report will include information about any bankruptcies or other relevant legal judgements. It will also include biographical information such as your address, date of birth, driver's licence number and employment history.