Personal Loans

A personal loan is a simple and economical way to buy the good things in life

You can use a personal loan to buy pretty much anything that you want - things for your house, things for your family, a pair of purebred Greyhounds or that big round the world trip. Because these loans aren’t secured by an asset - like a house - they cost a little bit more. But, they are still likely to be much easier on your pocket than using a credit card - especially at the rate many companies charge. Personal loans are usually in the $5,000 to $25,000 range and, typically, they are repaid in five years or less.

Your SCU Personal loan will usually be approved within 24-48 hours.

Some information that can save you a lot of money

Many stores offer interest-free deals to encourage you to shop there. These deals can be very attractive if you repay the loan, in full, within the interest-free period. If you don’t, you may find yourself facing rates of up to 25% per year. And some contracts backdate the interest to the beginning of the loan. A good deal can suddenly look like a very expensive mistake.

 

Unsecured Personal Loan

A comprehensive loan that offers you flexibility to make extra repaymentsInterest 12.14% pa | Comparison 12.29% pa1
  • Low application fee
  • Early repayment without penalty
  • Loan repayment insurance available
  • No loan interview required
  
 
   
 
 

Secured Personal Loan

By offering security against your loan we can lend you more money at a lower rateInterest 11.14% pa2|Comparison 11.29% pa1
  • Borrow up to the value of the security
  • Low application fee
  • Variable lump sum repayments
  • No loan interview required
  
 
   

 

More Information

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Apply for a Personal Loan

Questions?

If you have any questions, please contact us Enquire

1. This comparison rate is based on a $30,000 loan over a term of 25 years. WARNING This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Click here to obtain a comparison rate schedule or visit your local branch.
2. Secured by bill of sale

Please note: Fees and Charges apply. Sydney Credit Union Ltd’s normal lending criteria apply.