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.
Their Car Loans
They offer a new car loan and a used car loan which are 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
Fees on Loans
Money Catalyst charge 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.
In a Nutshell
- Loan minimum $10,000
- Loan maximum $100,000
- Interest rate From 6.34% per annum for a fixed rate new car loan and from 7.49% per annum for a fixed rate used car loan
- Loan term minimum 12 months
- Loan term maximum 5 years
- Average processing time 72 hours
- Online application
- In-store application
- Secured loan option
Low Rate – High Value Car Loans
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 centers.
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.
Getting Credit as a Member
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.
Their 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 preapproval so that you can have greater bargaining power at the dealership.
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
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 –