Reviews
Car & Vehicle Loans Updated: 02. 10. 2026

The Capricornian Car Loan – review 2026

4,2 / 5

The Capricornian is a member-owned Central Queensland credit union offering secured car loans from AUD 3,000 to AUD 200,000. Fully secured loans run up to 7 years from 7.18% p.a. (comparison rate 7.53% p.a.), with no monthly or annual fees.

Pros

  • Member-owned credit union with profits returned to customers, not shareholders
  • Competitive variable rate from 7.18% p.a. on fully secured car loans
  • No monthly or annual account-keeping fees
  • No early payout fees and free additional repayments
  • Flexible weekly, fortnightly or monthly repayment options

Cons

  • Partially secured loans carry a notably higher rate from 9.69% p.a.
  • AUD 250 upfront application fee applies regardless of loan size
  • Branch network limited to Central Queensland for in-person service
  • Must become a credit union member to apply if not already a customer
  • Minimum loan amount of AUD 3,000 rules out very small vehicle purchases

The Capricornian Car Loan Review

The Capricornian is a 100% member-owned credit union based in Rockhampton, Central Queensland, with branches in Rockhampton, North Rockhampton, Yeppoon, Gladstone, Miriam Vale, Emerald and Capella. As a customer-owned mutual rather than a shareholder bank, profits are returned to members, which is reflected in its car loan pricing and fee structure.

The credit union offers two secured car loan options. A fully secured car loan runs for up to 7 years at a variable rate from 7.18% p.a. (comparison rate 7.53% p.a.), while a partially secured option runs for up to 5 years from 9.69% p.a. (comparison rate 10.05% p.a.). The comparison rate example is based on a secured loan of AUD 30,000 over 5 years. Loan amounts range from AUD 3,000 to AUD 200,000.

Fees and Repayments

The Capricornian charges a one-off AUD 250 application fee and no ongoing annual or monthly account fees. There are no early payout fees, and members can make additional repayments at any time without penalty. Repayments can be scheduled weekly, fortnightly or monthly, and a redraw facility is available through online and mobile banking.

Who Can Apply

Car loans are available to individuals, not businesses, aged 18 or over who are permanent Australian residents and meet the credit union's standard credit assessment criteria. Applicants who are not already customers need to become a Capricornian member as part of the application.

Because The Capricornian is a regional mutual rather than a national bank, its car loan is most relevant to borrowers connected to Central Queensland, although membership and the application itself can be completed online from anywhere in Australia.

Requirements

  • Australian permanent resident aged 18 or over
  • Must become a Capricornian member if not already a customer
  • Vehicle used as security for the loan
  • Meets the credit union's standard credit assessment criteria
  • Available to individual borrowers only, not businesses

Provider contacts

Name
The Capricornian Ltd
Address
Rockhampton, Queensland, Australia
Website
Online application
Apply now →
Regulator
Australian Securities and Investments Commission (ASIC)

FAQ

The Capricornian is a 100% member-owned credit union based in Rockhampton, Central Queensland, offering transaction accounts, savings, car loans, home loans and business banking to its members.
The Capricornian offers a fully secured car loan from 7.18% p.a. (comparison rate 7.53% p.a.) for up to 7 years, and a partially secured car loan from 9.69% p.a. (comparison rate 10.05% p.a.) for up to 5 years, based on a secured loan of AUD 30,000 over 5 years.
No. While The Capricornian's branches are concentrated in Central Queensland, membership and car loan applications can be completed online from anywhere in Australia, subject to standard credit assessment.

Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.