Rating based on 718 reviews
About Catalyst Money
Whether you’re looking to buy a home or get a car loan with a lower interest rate than that offered by your bank – a credit union like Catalyst Money can offer it to you.
They have been operating for over 54 years and were originally founded to support the staff of the University of New South Wales.
Well deserved rewards
Catalyst Money is one of Australia’s most competitive credit unions with numerous awards form loan comparison websites like Canstar.
If you don’t know Canstar is one of the country’s most comprehensive and advanced credit and financial product comparison website where consumers can find, compare and choose everything from a personal loan to a credit card online. The best thing about Canstar is that they don’t award lenders or products based solely on interest but rather on overall value.
What Catalyst Money can offer you
Catalyst Money is a credit union that offers home loans, car loans, personal loans, transactional accounts, term deposits and insurance products to their members.
They offer a new car loan and a used car loan which is both secured against the very vehicle that you will be purchasing. If you are buying a used car please note that the car may not be older than 5 years and that the minimum loan amount is $10,000.
The interest rates:
- For the secured used car loan 7.49% per annum with a comparison rate of 7.77% per annum
- For the secured new car loan 6.34% per annum with a comparison rate of 6.62% per annum
Money Catalyst charges their members a $200 application fee when they apply for a car loan but there are no ongoing account fees as you will find with regular banks and vehicle financiers.
One of the things that Catalyst Money clearly prides itself on is their ability to offer a highly personalized service to each and every one of their customers.
In addition to being customer owned and orientated they offer their customers professional help and advice in the form of their mobile lenders who will help you find the right home loan or product to meet your needs.
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In a Nutshell
- Average processing time 72 hours
- Online application
- In-store application
- Secured loan option
Get a car loan with a lower interest rate than that offered by your bank
In order to get vehicle finance from Catalyst Money or, to apply for any one of their fantastic products, you must be a member of their credit union.
You can apply for membership online, by phone or in one of their customer service centres.
What you need to apply
To apply for membership you must fill in an application form and have some form of acceptable identification in hand. You will also have to pay a standard $2 membership fee upon approval to secure your membership.
Once you have been approved for membership you can then apply for a bank account, a personal loan or a low rate car loan online, in branch or even over the phone.
A quick online application
When looking to finance a car, the best thing to do is complete Catalyst Money’s online loan application and, have them send you a pre-approval so that you can have greater bargaining power at the dealership.
Using the money tree app
Getting easy access to your account will not be easier once you have installed the application on your phone. You will have your account at one touch of your screen. You will be able to make payments and keep up to date with your loan and how much you would need to pay off. You would be able to pay people immediately with the touch of your finger. This app is designed to make sure that you feel secure about your account that you can watch your account and know that all your transactions are correct. Firstly you would have to follow the link and download the app to your phone.
Access to education
We know that every day we all learn new things and that the world is always evolving looking at technology we have seen this be a trend. That is why with us we give you that extra that you need and we make sure that while you are on our site if there is ever anything you are unsure of you can go look it up in our educational hub or you can just go and read and learn for fun. We would like you to gain new knowledge every day.
Eligibility & Requirements
- Full or restricted drivers license
- Employed full-time
- Earning a stable income
- Credit check
- Good credit history
- Valid identity document
- Utility bill or other (proof of address)
- Bank statements or payslips (proof of income)
Other Products & Services
Customer Reviews & Testimonials
Loving my app it keeps me informed and up to date with all my payments and requests and more.
— Perth —
I use the educational hub to keep up to date with new trends and find nice ways to keep myself out of debt I really recommend giving them a try
— Brisbane —
Here’s a short video about Catalyst Money
- Shop 8 101 Queen Street, Campbelltown, NSW, 2560, Australia
- Locked Bag 29, Wollongong, 2500, Australia
- Monday 09:30 – 17:00
- Tuesday 09:30 – 17:00
- Wednesday 09:30 – 17:00
- Thursday 09:30 – 17:00
- Friday 09:30 – 17:00
- Saturday Closed –
- Sunday Closed –