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BCU Bank car loans

From its humble beginnings along the NSW Northern Coast in the early 1970s, bcu has continued to grow as a regional credit union, with a range of competitive financial products on offer including car loans. Borrowing credit to fund a vehicle with bcu will provide you with flexible features and competitive interest rates. Find out everything you need to know about its car loans by checking out the table and FAQs answered below.

BCU Bank offers the following car loans

Rates and fees verified as correct at 14 June 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Freedom Loan (Variable, Unsecured)

9.30% p.a.

9.59% p.a.based on $10,000
over 3 years


New Car Loan (Less than 5 years old, Variable, Secured)

6.49% p.a.

6.80% p.a.based on $30,000
over 5 years


bcu car loan FAQs

What is a variable interest rate?

It’s simply a type of interest rate that bcu can increase or decrease at any time, meaning there’s a chance your repayments could change during your loan term. Benefits of variable interest rates with bcu include zero penalties for repaying your loan early, and a redraw facility. Not to mention, the interest rate you get at first is competitively low!

Should I secure my car to the loan?

If you want the cheapest bcu loan, opt for its secured option and pay interest at a lower rate. Keep in mind, tying your vehicle to the loan as collateral means bcu can possess your car if you default on it. But if your sights are set on a set of wheels over 7 years old, you’ll need to opt for an unsecured loan instead.

How much can I borrow?

bcu will only lend an amount you can afford to repay, based on things like your income and credit history. Secure loan amounts can range from $5k to $75k, while unsecured car loans can start a little lower at $4k.

How frequently will I need to make repayments?

Select from either a weekly, fortnightly or monthly billing cycle.

How long can I take to pay off my loan?

Unsecured loans start from 1 year to 5 years, and secured loans 2 - 7 years. Repayments are spread evenly over the loan term you select, but you can always make extra repayments and clear your debt early without being charged extra.

What if I want to dip into extra loan repayments?

You do it easily via bcu’s redraw facility, just keep in mind you’ll get charged a small fee for the convenience.

What’s the application process like?

Applying for a car loan these days is easy to do, especially with the internet at your fingertips. Once you’ve found the right match, head to bcu’s official site, give them a call or visit one of the many branches scattered around Australia. bcu will probably need the following bits of info about you too, like...

  • Your passport or driver’s licence
  • Employment details including your salary
  • Place of residence
  • A list of outstanding debts or assets you own

Once bcu has received your application, they will review it and get back to you shortly. You could have your new or preloved car parked in the driveway in no time!

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BCU Bank car loans

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