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Illawarra Credit Union personal loans
Illawarra Credit Union is a member-owned credit union based in the Illawarra region of New South Wales. Because the credit union is owned by its members, Illawarra Credit Union profits are reinvested into its products and services.
Illawarra Credit Union has served the community for over 45 years and has grown to serve over four million members nationwide, making it one of the larger credit unions in Australia.
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Why choose Illawarra Credit Union
Illawarra Credit Union Personal Loans
Personal Loans calculator
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
Your estimated repayments
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- This is an estimate of how much you would pay (weekly/fortnightly/monthly) based on your borrowing amount, interest rate and loan term.
- Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
- Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
- Months are assumed to be of equal length. However, given that some months are longer than others, interest charged by vary depending upon the month.
- The calculation rounds of the personal loan repayment to the closest dollar value without decimals.
- All calculations are estimates only; there are no guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
- Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
- Calculator does not include the cost of fees or other extra charges.
- Calculator does not account for changes to interest rates over time.
- This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Read our full disclaimer.
Features of an Illawarra Credit Union personal loan
Illawarra Credit Union offers a range of personal loans, including both secured and unsecured loans, with variable and fixed interest.
Illawarra Credit Union personal loans have a maximum amount of $100,000, with terms of up to five years.
As a mutual personal loan lender, Illawarra Credit Union offers reasonable fees and interest rates. Although customers are charged a monthly fee, it tends to be low. Illawarra Credit Union also charges an application fee, but offers free redraw facility and additional repayments with no penalty.
Illawarra Credit Union personal loans – customer service
Illawarra Credit Union offers customer service by phone, email and within its member centres. Customers can also complete an online enquiry form.
Customer service is available from 8:30am-5:30pm (AEST) from Monday to Friday and from 9:00am-1:00pm on Saturdays.
Who is eligible for an Illawarra Credit Union personal loan?
To be eligible for an Illawarra Credit Union personal loan you:
- Must be over the age of 18
- Must have never been bankrupt or committed a financial crime
- Must be an Australian permanent resident or citizen
- Must have an Australian residential address
- Must receive regular PAYG income from an employer
How to apply for an Illawarra Credit Union personal loan?
- Choose your personal loan
- Enter your desired loan amount and term
- Click ‘Apply Online’
- Confirm your eligibility
- Complete the online application
- Submit the online application
Illawarra Credit Union personal loans review
Illawarra Credit Union offers a diverse range of personal loans. Customers can choose between secured and unsecured loans as well as fixed and variable interest rates. Illawarra Credit Union personal loans have a maximum borrowing amount of $100,000 and a maximum loan term of five years.
In general, Illawarra Credit Union charges below-average fees, but do charge both initial and ongoing fees. While customers are charged a monthly fee and application fee, they are allowed free redraw as well as additional repayments without penalty.
Illawarra Credit Union personal loan rates vary from product to product. Its personal loan interest rates range from very low to moderately low, depending on the loan you choose. Generally, secured loans offer lower interest rates than unsecured loans.
Before applying, it’s advisable to compare personal loan rates in order to find the best personal loan rates for your financial position.
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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.
