Online Personal Loan Package

For new secured P&I loans $10k to under $100k

5.25% p.a.

Variable interest rate

5.89% p.a.

Comparison rate*

apply now calculate repayments
Icu 1156349101

Package features

Get a competitive rate with one of the only personal loan products with an offset account. Our Secured Variable Personal Loan is available to any personal borrowers buying a motor vehicle, bike, boat, caravan, or pleasure craft that can be used as security against the loan, that’s no more than two years old (as at the date of application), and who meet the Credit Union’s standard lending criteria.

100% offset account

You can deposit your salary or savings into the account and the balance is then offset against the amount owing on your personal loan. Your loan repayments will also need to come from the offset account.

Make extra repayments without any fees

You can make extra repayments whenever you like to reduce your loan and interest you pay. You could pay off your loan sooner

Easy access to your money

You can choose to redraw any additional loan repayments you have made at no extra costs.

Manage your loan anywhere at anytime

Keep track of your personal loan in internet banking or our moneytree app.

Rates and fees

Interest Rates

5.25% p.a.

Variable interest rate

5.89% p.a.

Comparison rate*

Interest is calculated daily on the outstanding balance and charged monthly in arrears on the last day of each month.

Refer to our rates and fees for current interest rates.

Fees

  • $200 loan application fee.
  • $5 monthly personal loan fee, charged to the personal loan offset account.
  • No monthly account keeping fee on your Offset account.

Refer to our Credit Fees and Charges brochure for more information.

It’s easy to apply online

Here’s what you’ll need to apply online

  • Be at least 18 years of age or older
  • Be an Australian citizen, permanent resident, or have a valid visa
  • Receive a regular income
  • Have your membership number if you already bank with us

What you’ll need

  • An email address and contact number
  • Member number (If you’re already a member)
  • Australian driver’s licence, Medicare or passport details
  • Employment and income details
  • Details of your assets, expenses and liabilities

important notes

Terms and Conditions apply. See the Online Personal Loan Package Conditions of Use
*Comparison rate is calculated on a secured 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 MemberCare Motor Vehicle Product Disclosure Statement Motor.

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.

Apply now.

Already a customer?

Apply in internet banking

New customer?

Apply online