company logo

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 loans compare with other options.

I want to borrow

Loan Term


Repayment Frequency

SCU Personal Loans rates

1 - 2 of 2
Advertised Rate
Comparison Rate
Upfront Fee
Go To Site
More Info

More details

More Info

More details

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.


It may be much more difficult for a self-employed borrower to successfully apply for a personal loan if they also have bad credit. Many lenders already consider self-employed borrowers to be riskier than those in full time employment, so several self-employed personal loans require borrowers to have excellent credit.

If you’re a self-employed borrower with a bad credit history, there may still be personal loan options available to you, such as securing your personal loan against a vehicle of equity in a property, though your interest rates may be higher than those of other borrowers. Consider contacting a lender before applying to discuss your options.


^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.

Compare your product with the big 4 banks, or add more products to compare
As seen on