✓ Establishment Fee: $225
✓ Advertised Rate: 7.99% p.a. to 19.99% p.a.
✓ Comparison Rate: 8.31% p.a. to 20.35% p.a.

Flexible Features

Flexible Repayment Options

With this loan, you can make monthly, fortnightly, or weekly repayments. This can be seriously handy, as it allows you to fit your repayments around your paycheques, ensuring your repayment schedule fits well within your budget. As for loan terms, these range from one to seven years, meaning you can opt for a shorter term, or stretch it out as your budget allows.

Unlimited Extra Repayments

Aside from your regular loan repayments, you can also make extra repayments when it suits you. By chipping away at your loan like this, you can pay off your loan sooner, making unlimited extra repayments with no fee to worry about.

No Penalties For Early Payout

Another nice feature of this loan is that it allows you to pay off the entire loan early – with no penalty. So, whether you plan on making extra repayments over the length of the loan or one big repayment somewhere along the way, you can rest easy knowing you can pay off your loan faster without paying a fee.

Access Your Cash Via Redraw

When you make extra repayments on your loan, you can access those funds when you need them using the redraw feature. This can give you some peace of mind knowing you can pay more into your loan when you’re able to, and withdraw it later should you need to.

Fees and Interest

Fixed Rate

With its fixed rate, your loan’s repayments will remain the same throughout the entire loan term. This not only makes it easier to budget month to month, it also allows you to see exactly how much you will repay on the loan overall.

Fees

There are no ongoing fees on this loan, and as we mentioned before, no fees for making extra repayments or paying out the loan early. It is worth noting that there is a $225 establishment fee, but you may be able to roll that into your loan should you need to.

How To Apply

Overall, the Great Southern Bank (CUA) Unsecured Fixed Personal Loan is a simple loan with some nice, flexible features. If you want a loan that can adapt to suit your needs – whether that means choosing your repayment frequency or paying off extra throughout the loan term – this is a loan that’s well worth looking into.

In terms of cost, both fees and interest are competitive within the market. Its fixed rate is a winning feature for those who like to know exactly how much their repayments will be. And it can be reassuring to know the overall cost of the loan before you apply – especially as you compare loans side by side.

What Happens Next?

Go to the Great Southern Bank (CUA) site to apply securely online. You’ll need to complete an online application, which takes around 20 minutes. You’ll then be asked to provide some documentation to prove your ID, and financial information to back up the info you’ve provided.

Once you’ve been approved, all you need to do is accept your loan contract, and the funds will be available for you to use via internet banking.

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