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.
Benefits
Drawbacks
Australian Credit Licence 245576Fees & charges apply
6.00%
6.64%
$580
$34,799
Australian Credit Licence 245576Fees & charges apply
9.75%
10.04%
$634
$38,024
Australian Credit Licence 245576Fees & charges apply
11.86%
12.15%
$665
$39,913
Australian Credit Licence 245576Fees & charges apply
14.71%
15.01%
$709
$42,548
Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.
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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 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.
To be eligible for an Illawarra Credit Union personal loan you:
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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