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Horizon Credit Union Personal Loans

Horizon Credit Union is owned by its members and offers a wide variety of financial services, including personal loans.

Its history dates back to 1964 when the Illawarra County Council Staff Credit Union was established.

These days it’s open to members across Australia, although Horizon Credit Union’s nine branches are located in the Illawarra and Shoalhaven regions of New South Wales.

Members have free access to more than 3,200 rediATMs nationwide.

Horizon Credit Union has assets worth more than $300 million.

Horizon Credit Union personal loan repayment calculator

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

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Horizon Credit Union Personal Loans rates

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Features of Horizon Credit Union personal loans

Horizon Credit Union offers personal loans for a variety of reasons, including consolidating debt, holidays, renovations, caravans, purchasing TVs as well as specific loans for environmentally friendly initiatives like water tanks, solar power and windmills.

Loan amounts

$1,000 - $30,000

Loan terms

  • One to five years for standard loans
  • One to 10 years if secured by your mortgage or deposit security arrangement

Interest rates

  • Variable and fixed
  • Interest is calculated daily but charged monthly

Secured and unsecured loans

The secured personal loans from Horizon Credit have lower interest rates than the unsecured.      

Repayment options

  • Weekly, fortnightly, monthly
  • No penalty for additional payments
  • Pay entire personal loan off early without penalty
  • Redraw available on extra repayments


  • Upfront application fee
  • No monthly fee

Horizon Credit Union personal loans – customer service

Although the application process for a personal loan is online, Horizon Credit Union offers its members several different ways to get in touch:

  • Branch
  • Phone
  • Email
  • Mail
  • Fax

Who is eligible for a Horizon Credit Union personal loan?

To be qualify for a Horizon Credit Union personal loan, you must be:

  • At least 18 years of age
  • A citizen or permanent resident of Australia
  • Currently employed or receiving a regular income
  • Not declared bankrupt or insolvent, or had defaults on any loans, credit cards, interest-free finance or store cards in the last five years

How to apply for a Horizon Credit Union personal loan

To apply for as Horizon Credit Union personal loan, you can either go into a branch or fill out the forms online.You will likely need the following information:

  • Driver’s licence/passport
  • Proof of employment and income
  • Details of living expenses
  • Details of your assets, including land, house, contents, vehicle and savings
  • Details of any amount you owe on loans, overdrafts, credit/store cards

Horizon Credit Union personal loans review

Horizon Credit Union has both secured and unsecured personal loans that offer a range of features, including no ongoing monthly fees.

The interest rates on Horizon Credit Union personal loans can either be fixed or variable. The lowest interest rates are offered to members who secure their loans with collateral like property, while unsecured personal loans have slightly higher interest rates.

Compared to other current personal loan rates offered by lenders in Australia, Horizon Credit Union’s interest rates are moderately low.

Members can make extra repayments or pay off the entire loan early without receiving any penalty fees. Horizon Credit Union also offers a free redraw on its personal loans, but only if extra repayments have been made.

One feature Horizon Credit Union offers is a specific personal loan for members wishing to fund environmentally friendly initiatives.


While many personal loans require a credit check as part of the application process, some personal loans and payday loans have no credit checks, which may appeal to some bad credit borrowers.

Keep in mind that even if a loan is available with no credit check, the lender will likely want to confirm that you can afford the repayments on your current income.


^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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