Credit Union SA Personal Loans



Credit Union SA Personal Loan

Credit Union SA, formed on October 1, 2009, is a result of a merger between South Australian credit unions Satisfac and Powerstate. This customer-owned bank has been providing banking services to South Australians for over 60 years. The bank is the third-largest bank in South Australia with over $1 billion in assets and 50,000 members. The profits are channelled back to the members and broader communities resulting in higher interest rates, low fees, impeccable customer service, innovative products and services and development.

Credit Union Sa Personal Loans Rates

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Credit Union SA undefined Interest Rate

Credit Union SA




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Pros & Cons-Credit Union SA


  • Strict lending policies.
  • High Property Value for First Home Buyers.
  • Home Loan for Self-Employed.
  • Signup Fees.
  • Strict Age Restrictions.
  • Customer Support.

Credit Union SA Personal Loan

Credit Union SA(South Australia) is the third-largest bank in Australia, making it a highly developed bank. Credit Union SA was established in 2009. It took the merger of Satisfac and Powerstate, both of which are South Australian Credit  Union. Credit Union SA is a pretty named bank among Australian residents as the bank serves 49000 customers with 6 different branches in South Australia. This bank impressed its customers with its impressive interest rates and its trustworthiness. Credit Union SA is a customer-owned banking organisation, meaning there are no external shareholders in the form of any major banks. This allows the bank to neutralise the need for profit division among the shareholders.

Pros and Cons


Credit Union SA can be proven one of the best banks in Australia because of the features and benefits it provides to its existing customers and new applicants. Credit Union SA offers the feature of additional repayment to its customers. Another exciting feature is that no monthly fees are included in any repayment. Below-average interest rates surely grab the attention of any personal loan applicant.


Credit Union SA charges an establishment fee from its customers, which can be a drawback of the bank’s services. Customers of Credit Union SA have limited branch access as a limited number of branches are available in the country. Regarding different loan options, Credit Union SA has limited loan options that can be offered to the customers.

Types of Personal Loans by Credit Union SA

Credit Union SA ranks among Australia’s best personal loan providers because of the different personal loan options available at the bank. These personal loans are mentioned below with respective interest, comparison rates, and applied charges:

Loan Name Interest Rate Comparison rate
Online-only Special Fixed Rate Personal Loan 7.19% p.a. 7.68% p.a.
Special Fixed Rate Personal Loan 7.49% p.a. 7.84% p.a.
Fixed Rate Personal Loan 9.49% p.a. 9.85% p.a.
Variable Rate Personal Loan 13.60% p.a. 13.97% p.a.

Among the interest rates and comparison rates, additional charges are also applicable to personal loans that are explained below:

  • Credit Union SA charges an establishment fee of $250 on applying for a new personal loan or an increase to an existing personal loan.
  • In the case of an Online-only Special Fixed Rate Personal Loan, the establishment fee is $350.
  • There are no monthly and redraw fees applicable to the customer.
  • The Arrear Fee is payable when the bank sends the letters to the borrower on partial repayment or no repayment within the due date. This fee is applicable from the second letter onwards.

Note- The Bank sends 4 letters: the first letter arrears in 3 to 10 days, the second letter arrears in 11 to 18 days, the third letter arrears in 19 to 26 days, and the fourth letter arrears in 27 days or more from the due date.

Features & Benefits of a Credit Union SA personal loan

Below are some features and benefits of a Credit Union SA personal loan:

  • Credit Union SA personal loan provides multiple repayment options to the customers.
  • Customers get unlimited extra repayments with Credit Union SA personal loans. 
  • No penalty fee is applicable on the early payout of any personal loan.
  • Credit Union SA personal loans are flexible and allow customers to use the money however they choose.
  • Credit Union SA personal loan helps the customer build a better credit score.
  • Credit Union SA personal loan gives one lump sum to the customers for any of their needs.

Who is eligible for a Credit Union SA personal loan? 

Credit Union SA clarified the eligibility criteria for personal loans that are mentioned below:

  • Applicant must be 18 years of age or above to apply for a Credit Union SA personal loan.
  • Applicant must be a permanent citizen or permanent resident of Australia.
  • Applicant must be currently employed with a stable income.
  • Applicant must not be a US citizen.
  • Applicant must never have been bankrupt.

How to apply for a Credit Union SA personal loan?

You can visit the Urban Money website to apply for a Credit Union SA personal loan online. Here are the steps you need to follow for the application:

  • On your PC or smartphone, visit the Urban Money website and select the Credit Union SA Personal Loan option.
  • Click on the Enquire Now button to start applying for the personal loan.
  • Provide all the necessary information according to the instructions and proceed with the application process.
  • After submitting all the accurate information, our representative will contact you regarding the personal loan you are looking for.

You can also apply on the bank’s official website to apply online or visit the bank physically for offline application proceedings.

Documents required for Credit Union SA personal loan

Credit Union SA requires the following documents from the applicant to apply for a personal loan:

  • Identity Proof: The Bank requires a valid form of identification, such as a passport or driver's licence, to verify the applicant's identity.
  • Residence Proof: To verify their address, customers need to provide proof of their residential address, such as a utility bill or rental agreement.
  • Income Proof: Credit Union SA requires proof of the applicant’s income, such as payslips or bank statements, to demonstrate their ability to repay the loan.

Other documents: Customers may be required to provide additional documents, such as tax returns or credit reports, depending on the loan amount and credit history.

Customer Service Credit Union SA personal loan

Credit Union SA Customer Service is available to the customers on call. Online enquiry is also available on the website. Customers can also visit the bank for any enquiry. 

Customers can contact the bank via phone at (80)82027777. Customer service is available from 8 a.m.-5:30 p.m. on weekdays and from 9 a.m. to 12 pm on Saturdays via call.

Credit Union SA Personal Loan Calculator 

A Personal Loan Calculator is a digital calculator that runs on an algorithm to calculate the possible EMIs using information like loan tenure and interest rate. You can visit the Urban Money Oceania website to use a digital calculator to calculate EMIs. The Digital EMI calculator will ask for the Credit Union SA Personal Loan amount and loan tenure. After providing the information, it will automatically calculate your loan's per-month EMI and repayment amount, if applicable.

Frequently Asked Questions

What is the interest rate of a personal loan in Credit Union SA?

The General interest rate of a personal loan in Credit Union SA is  7.19%.p.a to 13.60%.p.a.

What is the minimum and maximum loan amount for a Credit Union SA personal loan?

An applicant can borrow a minimum amount of $ 5,000 personal loan from Credit Union SA, and the maximum amount varies on various factors, including the bank’s policies.

What is the loan term for a Credit Union SA personal loan?

Loan terms can be chosen while applying for a personal loan. Credit Union SA offers loans for 1 to 7 years of the loan term.

How can I calculate my Credit Union SA personal loan repayments using the loan calculator?

You can calculate your Credit Union SA personal loan repayments using the loan calculator by simply entering the details of your desired personal loan, including the tenure interest rate and loan amount.

How does Credit Union SA customer service support customers with their personal loans?

Credit Union SA customer service supports customers in every way possible. You can contact the Credit Union Customer Support to enquire about any loan, apply for any loan and complain about any loan difficulties.

What happens if I miss a Credit Union SA personal loan payment?

If you miss a Credit Union SA personal loan payment, the bank will arrear letters to you with an applicable penalty.

Can I get a Credit Union SA personal loan if I have bad credit or no credit history?

You can apply for a Credit Union SA personal loan if you fall under the bank’s credit eligibility criteria and have a healthy credit score. However, you will get a personal loan from Credit  Union SA if you have been bankrupt in the past.


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