CUA Car Loans


Get on the road faster with a CUA Fixed Car Loan for new and used vehicles up to 7 years old.


Fixed rate
6.79% p.a.
Comparison rate
7.16%p.a.^
Establishment Fee
$175
Monthly Service Fee
$0

Enjoy the certainty of a fixed rate

  • Fixed Interest Rate
    6.79% p.a.
  • Comparison Rate
    7.16% p.a.^
  • Establishment Fee
    $175
  • Monthly Service Fee
    $0
  • Security Administration fee
    $90


Secure online application


  • Clicking the Apply Now button will take you to your Online Application on the bank's website.
  • Your application will take less than 10 minutes to complete

CUA Car Loan

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How to apply for a CUA Secured Fixed Car Loan

Want to apply for the CUA Secured Fixed Car Loan? Take some time to consider the application criteria below and press ‘apply’ to be redirected to the lender’s application page.



Application criteria

To apply online for this loan, you must:

  • Be at least 18 years of age,
  • Be a permanent resident of Australia,
  • Be currently employed,
  • Receive a regular income,
  • Have not declared bankruptcy or insolvency, or had defaults on any loans, credit cards, interest free finance or store cards in the past five years.

Required information

  • Your employment and income details,
  • Your asset details including house, land, vehicles, contents, money, shares and super,
  • Any amount owing on loans, overdrafts, credit/store cards (including limits and repayments),
  • Your Australian driver's licence (if you have one),
  • Your Medicare card (if you have one),
  • Your passport (if you have one).

If you think this personal loan could be a good fit, apply now to start the application process.

Some benefits of the CUA Secured Fixed Car Loan

  • For new and used vehicles up to 7 years old
  • Loan terms ranging from 1-7 years
  • Borrow from $5,000 up to $100,000
  • Competitive secured rate
  • No monthly fees
  • No penalty for making extra repayments or paying off the loan early
  • Redraw available when needed

The CUA Secured Fixed Car Loan

This personal loan from CUA allows you to borrow $5,000 to $100,000 to purchase a new or used vehicle up to seven years old, offering flexible repayment options and a competitive fixed rate.

What we love...

If you’ve been comparing personal loan options, you may have noticed the rate on this secured loan is less than rates typically found on unsecured loans. Why is this? By securing the loan to collateral (typically the vehicle being purchased), the loan is deemed lower risk than an unsecured loan, so rates tend to be lower. While circumstances vary, this type of secured loan can also be easier to get approved for, thanks to the collateral being placed against it.

Another important factor to note on this loan is the fact that the rate is secured. That means, whether rates rise or fall elsewhere in the market, the rate on this loan remains the same. This can offer two major benefits. Firstly, if rates rise, you are protected from that, and your rate will not change. Secondly, as your rate stays the same throughout your loan term, you always know what your repayment will be, making budgeting easier.

One thing loan applicants often look for in a loan is flexibility. Thankfully, this loan offers lots of flexible features. In terms of loan amount, you can apply for an amount between $5,000 and $100,000 to purchase a new or used vehicle up to seven years old. This gives you plenty of scope to choose the car that not only suits your needs, but your budget.

In terms of budgeting and affordability, the loan term can be anywhere between one and seven years, with the option of weekly, fortnightly or monthly repayments working to fit your budget. If you have extra cash, you can make extra repayments whenever you like, without any fees to pay. That cash can be accessed via redraw should you need it – and if you decide to pay off the loan early, you can do so with no early payout fee to worry about.

What’s not so great...

As with any loan, it’s a good idea to check what fees you may have to cover in order to work out its overall affordability. Like many personal loans, the CUA Secured Fixed Car Loan features an establishment fee – and it also charges a Security Administration Fee. However, it is worth noting that there are no monthly fees to cover, which could make it easier on your wallet each month.

CUA Secured Car Loans

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Why should you choose this car loan?

If you want to buy a new or used vehicle, the CUA Secured Fixed Car Loan could allow you to buy the one that meets your needs, even if you aren’t able to cover the cost of it upfront. With loan amounts extending to $100,000, this loan could cover a wide range of vehicle types, while offering flexible loan terms and repayment schedules, allowing you to pay it all off over a period that suits your budget. Of course, the amount you are approved for will depend on your circumstances.

Overall Rating

Designed to offer finance on new and used vehicles, the CUA Secured Fixed Car Loan provides loan terms between one and seven years, with a choice of repayment schedules, a fixed rate of interest and no penalty for extra repayments or early payout.

Other Pros

  • No monthly fees
  • No penalty for making extra repayments or paying off the loan early
  • Competitive secured rate

Cons

  • A Security Administration Fee of $90 is payable to cover the administration costs associated with registering the security.

CUA Fixed Car Loan