Great Southern Bank Car Loans (previously known as CUA)

Great Southern Bank will lend you a minimum of $5,000 if you want to take out a secured fixed-rate car loan with them.

Great Southern Bank allows you to choose a term of between one and seven years for your secured fixed-rate car loan.

Great Southern Bank does not charge an establishment fee or monthly maintenance fee on their secured fixed-rate car loan. However, they do charge a once-off $90 security administration fee.

See this article for look at the average fees currently charged by car loan loan providers on the market (based on Canstar’s Personal Loans Star Ratings for November 2017), to see if Great Southern Bank’s fees are more or less what the average customer is paying.

Applying for a Great Southern Bank car loan is straightforward; you can do it online after visiting Canstar’s comparison tables. When applying for a personal loan with Great Southern Bank (or most providers in Australia for that matter), you generally need to meet the following criteria:

• The car or motorcycle must be for personal use
• You must be 18 or over
• You must be a permanent Australian resident or valid work visa holder
• Currently employed with a stable income
• Have a solid credit rating and not be bankrupt

In addition, you may also have to meet the minimum loan amounts specified by the provider (see above). If done online, the application process can take as little as 10 minutes, provided you have everything on hand. You may need to provide documents and ID such as:

• A current driver’s license
• Details of your current and previous (if applicable) employer
• Details of your income, assets, expenses and liabilities
• Previous tax returns if you are self-employed

You may also require your current account number for Great Southern Bank if you’re an existing member.

Great Southern Bank (formerly CUA) was founded in 1946 by Jack Harvey, as a merger between three small Queensland-based credit unions.

Some of Great Southern Bank’s earliest innovations included a field office operating out of a caravan to serve their regional customers in the 1960s to 1970s. Great Southern Bank is now acclaimed as an employer of choice when it comes to gender equality, winning the WGEA award in 2011, 2014, and 2015.

Great Southern Bank supports the Australian community in particular through children and schools. Great Southern Bank Community Care gave $75,000 in grants in 2015 to the school projects across Australia that receive the most votes. They also regularly give $5,000 grants to reward schools for fighting childhood obesity with School Fun Runs and health eating initiatives. They also have been sponsoring SIDS and Kids (SNK) since 2014.

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