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SCU Personal Loans

SCU, also known as Sydney Credit Union Limited, was founded in 1963 as a credit union serving City of Sydney Council employees. Throughout the years, SCU has grown to serve 12 other councils in Australia. SCU has also combined with other credit unions, most recently merging with Allied Members Credit Union and its two brands, Comtax Credit Union and Security Credit Union.

SCU personal loan repayment calculator

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

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SCU Personal Loans rates

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Features of an SCU personal loan

SCU provides both secured and unsecured personal loans to its members. SCU loans have a maximum loan term of seven years and a maximum loan amount of $50,000. Occasionally, SCU provides its members with special-offer loans that are available for only a limited time.

SCU personal loans offer several features, including redraw facility, additional repayments and loan repayment insurance.

SCU does not charge an establishment fee, monthly fee or annual fee. However, it does charge a loan approval fee and a redraw fee.

SCU personal loans – customer service

SCU can be reached via phone, online enquiry form, email and in any SCU branch. Customer service is available over the phone weekdays from 8am to 7pm and on Saturdays from 8:30am to 11:30am. SCU also provides customers with an online feedback form for lodging compliments or complaints.

Who is eligible for an SCU personal loan?

  • Must be an Australian citizen or permanent resident
  • Must be aged 18 years or over
  • Must have a regular permanent income

How to apply for an SCU personal loan?

  • Click ‘Apply’ or ‘Get Approved’
  • Click ‘Start’
  • Complete the online application form
  • Provide personal and employment details
  • Submit the online application

SCU personal loans review

SCU is an Australian personal loan lender that provides both secured and unsecured loans. Although SCU offers a limited range of loans, it is suitable for a variety of purchases, including home renovations, a new car or an overseas holiday.

SCU personal loan rates tend to be above average. In general, customers pay a higher interest rate on unsecured loans compared to secured loans. SCU’s personal loan interest rates range from moderate to high depending on the loan you choose. To secure the best personal loan rates for your financial situation, it’s advisable to compare personal loan rates from several lenders.

Typically, the fees charged by SCU are moderate. SCU does not charge any ongoing monthly fees or an establishment fee, but it does charge an application fee. Customers can apply online using the SCU online application form.


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
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