CUA Variable Rate Personal Loan

Borrow between $5,000 to $60,000 with no monthly fees and a variable rate of interest. No monthly fees or early payout fee.

Variable rate
11.89% p.a.
Comparison rate
Establishment Fee
Monthly Service Fee

Get a great variable rate and flexibility

  • Variable Interest Rate
    11.89% p.a.
  • Comparison Rate
    12.15 p.a.^
  • Establishment Fee
  • Monthly Service Fee
  • Early payout fee

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 Variable Personal Loan

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How to apply for a CUA Variable Rate Personal Loan

Considering applying for the CUA Variable Rate Personal Loan? Take a look at 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 Variable Rate Personal Loan

  • Flexible loan terms ranging from 1-7 years
  • Borrow between $5,000 and $30,000 on the Unsecured Variable Loan
  • Borrow between $30,000 and $60,000 on the Discount Variable Loan
  • No monthly fees
  • Weekly, fortnightly or monthly repayment options
  • No penalty for making extra repayments or paying off the loan early
  • Access your extra repayments via redraw

The CUA Variable Rate Personal Loan

This personal loan from CUA allows you to borrow $5,000 to $60,000 with no monthly fees and a variable rate of interest, to cover almost anything you’re looking to purchase.

What we love...

The first thing to note on the CUA Variable Rate Personal Loan is its interest rate. Firstly, this is a variable rate personal loan, which means the rate applied may go up or down according to the market. Obviously, if rates fall – and CUA passes on those rate decreases to you – your loan repayment will fall as well, so you pay less back overall.

However, another interesting point to note on this loan is the different rates of interest applied to different loan amounts. Loans ranging between $30,000 and $60,000 have a slightly lower rate than loans between $5,000 and $30,000. If you need to borrow an amount in the higher ranges, it could help you save on interest with that lower rate.

Now to the flexibility of the loan. Happily, CUA offers plenty of flexible features on its Variable Rate Personal Loan. You can choose a loan period of one to seven years, with repayments made weekly, fortnightly or monthly. This allows you to choose a loan that suits your budget, paying off as much as you can, as quickly as you can to reduce the amount you pay in interest overall.

Talking of paying off your loan quicker, this loan allows for that with no penalty. You can make extra repayments with no fee, and you can pay off your loan early – again, with no fee. If you do make extra repayments on your loan, you can access them when you like with the loan’s handy redraw feature.

What’s not so great...

As we mentioned, as a variable rate loan, its rates may rise and fall with the market. That means you will need to make sure you can afford your repayments if your rate rises. Also worth taking into account is the loan’s establishment fee. While many personal loans charge this fee, it is nice to see CUA doesn’t charge an ongoing monthly fee alongside it.

CUA Personal Loans

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Why should you choose this personal loan?

If you want a flexible personal loan, the CUA Variable Rate Personal Loan could be for you. Allowing you to borrow up to $60,000, the loan could cover almost anything, from debt consolidation to your dream wedding. With a variable rate, you could take advantage of lower rates should interest rates fall over your loan term, plus you can choose a repayment schedule that works with your budget, with a range of loan terms and repayment frequency options.

If you think you might pay off the loan early, this loan could work well for you, as it charges no fees for extra repayments or for early payout. This is not a feature you find on every personal loan.

Overall Rating

The CUA Variable Rate Personal Loan is a variable rate loan that offers loan terms over one to seven years, with flexible repayment options and no penalty for extra repayments or early payout.

Other Pros

  • Low variable rate
  • Unlimited free extra repayments
  • No monthly fees or early payout fee


  • $175 Establishment fee

CUA Variable Personal Loan