Comparison Rate Schedule Personal Loans

Document Sample
Comparison Rate Schedule Personal Loans Powered By Docstoc
					                                                                                                                                                  Credit Union Australia Limited
                                                                                                                                                  ABN 44 087 650 959 AFSL NO. 238317
                                                                                                                                                  Registered Office
                                                                                                                                                  175 Eagle Street, Brisbane, QLD 4000
                                                                                                                                                  GPO Box 100, Brisbane, QLD 4001
                                                                                                                                                  P 133 cua (133 282) W www.cua.com.au

Date of Issue: 12 January 2009

Comparison Rate Schedule
Personal Loans
                                                                                                                         Car Loans1

                                                                            Vehicle up to 2 years                 Vehicle up to 2 years
                                                                                                                                                               Used vehicle
                                                                             old - Loan Amount                   old - Loan Amount less
                                                                                                                                                              2 to 5 years old
                                                                                  $30,000+                             than $30,000

     Annual Percentage Rate (p.a.)                                                    8.69%                                  8.99%                                  9.99%
     Variable

             Amount                          Term                                                          Comparison Rate (per annum)
             $10,000                       3 years                                   10.00%                                 10.31%                                 11.31%
             $15,000                       4 years                                    9.36%                                  9.66%                                 10.66%
             $20,000                       4 years                                    9.19%                                  9.49%                                 10.50%
             $25,000                       5 years                                    9.02%                                  9.32%                                 10.32%
             $30,000                       5 years                                    8.96%                                  9.26%                                 10.26%
             $50,000                       7 years                                    8.81%                                  9.11%                                 10.11%
             $70,000                       7 years*                                   8.72%                                  9.02%                                 10.03%
     *While the code requires this term to be 25 years, a Statement of enforcement policy issued by SCOCA indicates that where the prescribed amount has an associated term of
     25 years and the credit provider offers that amount for a term for less than 25 years and for purposes other than a housing loan, the CRS should provide the CR based on the
     term for which that amount is actually offered rather than the 25 year term.


                                                                                         All Purpose Personal Loans2

                                                                             20% equity in Real
                                                                                                                       Personal Loan
                                                                                  Estate


     Annual Percentage Rate (p.a.)                                                   11.20%                                 12.99%
     Variable

             Amount                          Term                                       Comparison Rate (per annum)
              $2,500                       2 years                                   15.34%                                 17.16%
              $5,000                       2 years                                   13.24%                                 15.04%
             $10,000                       3 years                                   11.90%                                 13.69%
             $15,000                       4 years                                   11.56%                                 13.35%
             $20,000                       4 years                                   11.47%                                 13.26%
             $25,000                       5 years                                   11.38%                                 13.17%
             $30,000                       5 years                                   11.35%                                 13.14%
             $50,000                       7 years                                   11.27%                                 13.06%
             $70,000                      25 years                                   11.22%                                 13.01%
            $100,000                      25 years                                   11.21%                                 13.00%




     1 These rates are applicable for secured loans only.
     2 These rates are applicable for unsecured loans only.

     WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early
     repayment fees and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
     Comparison Rate Schedules are available at all CUA branches, linked credit providers and on our website at www.cua.com.au.


     CRSPL_12012009