Personal Loans

Explore our new low rate eco loan offers. Available for car loans and a range of sustainable home loan products.

Family painting house

Personal loans that work best for you.

Bring your dreams and plans to reality with the help of a personal loan. Illawarra Credit Union offer a range of unsecured and, fixed or variable personal loans. Including a range of sustainable loans.

Find the right personal loan for your needs and apply online.

We're award winning

Choose a personal loan that's right for you

Online Personal Loan Package

5.25% p.a.

Variable interest rate

5.89% p.a.

Comparison rate*

Features

done For new secured P&I loans $10k to under $100k
done It comes with a 100% offset account1, which must be used to make your loan repayments.
done Easy access to your cash with our redraw facility.
done We give you the option to make additional repayments.
done Track your loan with e-statements, internet banking & our moneytree app.

Green Car Loan Package (Secured)

3.99% p.a.

Variable interest rate

5.15% p.a.

Comparison rate*

Features

done For new P&I loans $10k to under $100k
done It comes with a 100% offset account1, which must be used to make your loan repayments.
done Easy access to your cash with our redraw facility.
done We give you the option to make additional repayments.
done Track your loan with e-statements, internet banking & our moneytree app.

Green Eco Loan

3.99% p.a.

Variable interest rate

5.15% p.a.

Comparison rate*

Features

done For new P&I loans $1k to under $30k
done It comes with a 100% offset account1, which must be used to make your loan repayments.
done Easy access to your cash with our redraw facility.
done We give you the option to make additional repayments.
done Track your loan with e-statements, internet banking & our moneytree app.

Secured Fixed Personal Loan (new)

5.60% p.a.

Fixed interest rate

5.88% p.a.

Comparison rate*

Features

done For new fixed loans $10k to under $100k
done The flexibility to choose from weekly, fortnightly or monthly payment options.
done No monthly account keeping fees.
done We give you the option to make additional repayments.
done Easy access to your cash with our redraw facility.
done Track your loan with e-statements, internet banking & our moneytree app.

Secured Fixed Personal Loan (used)

5.64% p.a.

Fixed interest rate

5.92% p.a.

Comparison rate*

Features

done For new fixed loans $10k to under $100k
done The flexibility to choose from weekly, fortnightly or monthly payment options.
done Easy access to your cash with our redraw facility.
done No monthly account keeping fees.
done We give you the option to make additional repayments.
done Track your loan with e-statements, internet banking & our moneytree app.

Unsecured Fixed Personal Loan

9.75% p.a.

Fixed interest rate

10.04% p.a.

Comparison rate*

Features

done For new fixed loans $2k to under $50k
done We give you the option to make additional repayments.
done Easy access to your cash with our redraw facility.
done No monthly account keeping fees.
done Track your loan with e-statements, internet banking & our moneytree app.

Switch to an
award-winning bank

My wife and I have always had excellent and courteous service from any member of the Illawarra Credit Union that we have dealt with. Because of this, even though we now live in Goulburn, we still use this credit union for all our financial dealings.

Thomas

Let us answer your questions

General questions

What is an Illawarra Credit Union personal loan?

An Illawarra Credit Union personal loan allows applicants to borrow $1k to under $100k. Offering both secured and unsecured loans that allow applicants to purchase a new or used car, consolidate debt, finance a holiday or renovate the house.

How does a personal loan work?

A personal loan is an all-inclusive term to describe different types of loans like, a car loan, holiday loan, home renovations loan or debt consolidation loan. A personal loan allows applicants to borrow money to finance any of these endeavours.

How much can I borrow?

Illawarra Credit Union personal loans allow you to borrow between $1k to under $100k. This is subject to serviceability.

How long do I have to pay off my loan?

Personal loans terms range between 1 and 5 years.

Can I pay off my personal loan early?

Your personal loan can be paid off early the Illawarra Credit Union does not charge an early exit fee. We also allow additional payments on Illawarra Credit Union Personal loans.

Variable or fixed rate loan?

Variable loans provide flexibility by allowing you to make additional payments to your loan balance and access your redraw facility to access any advances on the loan. Variable rates are not fixed and subject to change over the life of the loan.

Fixed loans provide security as the interest rate is fixed meaning your rate and repayments won’t change for a fixed period of time.

Are Illawarra Credit Union loans secured or unsecured?

The Illawarra Credit Union offers both secured vs unsecured. Secured personal loan borrowers buying a motor vehicle, bike, boat, caravan, or pleasure craft that can be used as security against the loan, up to 5 years old (as at the date of application) anything outside of this would be an unsecured personal loan.

What is an unsecured personal loan?

An unsecured personal loan allows you to borrow with security. Giving you more control over your new car or boat with an Illawarra Credit Union unsecured personal loan we won’t take anything as security for the loan.

important notes

*Secured Personal Loans and Online Personal Loan Package comparison rates are calculated on a secured loan amount of $30,000 over a term of 5 years. Unsecured Personal Loan Comparison rates are calculated on an unsecured loan amount of $30,000 over a term of 5 years.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure. 

^Terms and Conditions apply. See the Green personal loan package conditions of use. *Comparison rate is calculated on an unsecured loan amount of $30,000 over a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Credit Fees and Charges brochure. 
1. An offset account is attached to the loan and used to make loan repayments. Please refer to the Account and Access Facility Conditions of Use and Fees, Charges and Transaction Limits brochure.
2. Credit eligibility criteria, terms and conditions, fees and charges apply.
3. Insurance issued by QBE Insurance (Australia) Limited ABN 78 003 191 035 AFS Licence 239545.

Terms, conditions and acceptance criteria apply. Cover limits apply as set out in the policy wording. This information is of a general nature only and does not take into account your personal needs, objectives and financial circumstances and you should consider whether it is appropriate for you. Before making a decision about your insurance needs please refer to the Home Cover Product Disclosure Statement and the MemberCare Home Cover Prestige Product Disclosure Statement available from Illawarra Credit Union to decide if a product is right for you. Illawarra Credit Union will not be held responsible for the information contained within a site accessed via this site. Should you enter another site through such links, the content will not have been produced, checked for accuracy, or reviewed by the Credit Union. Any endorsements or any opinions offered are not necessarily those of the Credit Union. This information is of a general nature only and does not take into consideration your individual objectives, financial situation or needs. Consider whether the information is suitable for your objectives, financial situation and needs before making any decision about whether to acquire the product.

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