bcu Fixed Rate Home Loan
This product is available in different versions. Pick the right version for you here.
The details shown below are for an owner occupier taking out a principal & interest loan between $20,000 and $2,500,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $20,000 and $2,500,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $20,000 and $2,500,000 with an LVR below 95%
The details shown below are for an investor taking out a interest only loan between $20,000 and $2,500,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 95% | $20,000 | $2,500,000 |
| | Owner Occupier | Interest Only | < 90% | $20,000 | $2,500,000 |
| | Investor | Principal & Interest | < 95% | $20,000 | $2,500,000 |
| | Investor | Interest Only | < 90% | $20,000 | $2,500,000 |
-
Owner Occupier (Principal & Interest)
LVR < 95%
Loan: $20,000 $2,500,000
-
Owner Occupier (Interest Only)
LVR < 90%
Loan: $20,000 $2,500,000
-
Investor (Principal & Interest)
LVR < 95%
Loan: $20,000 $2,500,000
-
Investor (Interest Only)
LVR < 90%
Loan: $20,000 $2,500,000
3.08% p.a.
4.09% p.a.
$0.00
bcu Fixed Rate Home Loan
3.08% p.a.
4.09% p.a.
$0.00
bcu Fixed Rate Home Loan
3.08% p.a.
4.09% p.a.
$0.00
3.18% p.a.
4.17% p.a.
$0.00
bcu Fixed Rate Home Loan
3.18% p.a.
4.17% p.a.
$0.00
bcu Fixed Rate Home Loan
3.18% p.a.
4.17% p.a.
$0.00
3.33% p.a.
4.28% p.a.
$0.00
bcu Fixed Rate Home Loan
3.33% p.a.
4.28% p.a.
$0.00
bcu Fixed Rate Home Loan
3.33% p.a.
4.28% p.a.
$0.00
3.43% p.a.
4.29% p.a.
$0.00
bcu Fixed Rate Home Loan
3.43% p.a.
4.29% p.a.
$0.00
bcu Fixed Rate Home Loan
3.43% p.a.
4.29% p.a.
$0.00
Mozo Review bcu Fixed Rate Home Loan Review
Last updated: 7 November 2019.
What's hot:
3.08% fixed rate for 3 years (4.09% comparison rate*)
Borrow up to $2,500,000
No ongoing fee
What's not:
$600 application fee
$395 discharge fee
Mozo snapshot:
The bcu Fixed Rate Home Loan has different offers a number of competitive rate tiers for both owner occupiers and investors. As far as repayments go, the loan is very flexible; with an option to make repayments weekly, fortnightly or monthly, and fixed rate loan terms between 1 and 5 years. Although, this mortgage does come with a number of fees to watch out for, including a $600 application fee and $395 discharge fee.
Key features:
The bcu Fixed Rate Home Loan offers a couple of options depending on whether you're an investor or an owner occupier, whether the loan is principal and interest or interest only and the length of the loan. While features such as the the repayment schedule, loan amounts and LVR are all the same for each option, the interest rate and comparison rate differ.
For example, rates for a 3 year fixed term range from a low 3.08% interest rate (4.09% comparison rate*) for owner occupier, principal and interest loans, while investors making interest only repayments can snag a 3.43% interest rate (4.29% comparison rate*).
Making sure your repayments fit in with your budget isn’t always as easy as you’d like it to be. However, with the options to repay your loan in either weekly, fortnightly or monthly instalments, this should be made a little more doable. On top of this, you can choose a loan with a full term anywhere between 1 year and 30 years.
The bcu Fixed Rate Home Loan offers loan amounts as small as $20,000 up to a generous $2,500,000. Plus, you can borrow up to 95% of the property’s value, making it easier to get a foot in the market.
If you want to save yourself a bit of interest you can also consider making some extra repayments. However, each extra repayment you make comes with a fee, so keep that in mind before you do so, to make sure the additional payment is worth it.
Who it's good for:
For borrowers looking to lock in a competitive interest rate for up to 5 years, the bcu Fixed Rate Home Loan could be just the ticket.
Any catches?
The $600 application fee and $395 discharge fee are an added cost that you’ll need to consider when budgeting for this loan.
Details
Rates and fees information correct as at 9 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
n/a
-
n/a
-
n/a
-
n/a
-
2.79% (4.29%*)
-
n/a
-
3.08% (4.09%*)
-
n/a
-
3.54% (4.08%*)
-
n/a
-
n/a
-
4.39% p.a.
Fees
-
$600.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$395.00
Other financial bits
-
$20,000
-
$2,500,000
-
none
-
95.00%
Features
-
Weekly, Fortnightly, Monthly
-
yes - fee applies
-
none
-
no
-
none
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
n/a
-
n/a
-
n/a
-
n/a
-
2.89% (4.35%*)
-
n/a
-
3.18% (4.17%*)
-
n/a
-
3.64% (4.17%*)
-
n/a
-
n/a
-
4.45% p.a.
Fees
-
$600.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$395.00
Other financial bits
-
$20,000
-
$2,500,000
-
none
-
90.00%
Features
-
Weekly, Fortnightly, Monthly
-
yes - fee applies
-
none
-
no
-
none
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
n/a
-
n/a
-
n/a
-
n/a
-
3.30% (4.48%*)
-
n/a
-
3.33% (4.28%*)
-
n/a
-
3.79% (4.29%*)
-
n/a
-
n/a
-
4.55% p.a.
Fees
-
$600.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$395.00
Other financial bits
-
$20,000
-
$2,500,000
-
none
-
95.00%
Features
-
Weekly, Fortnightly, Monthly
-
yes - fee applies
-
none
-
no
-
none
-
yes
-
no
-
none
-
none
-
none
Details
Rates and fees information correct as at 9 December 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
n/a
-
n/a
-
n/a
-
n/a
-
3.40% (4.58%*)
-
n/a
-
3.43% (4.29%*)
-
n/a
-
3.89% (4.38%*)
-
n/a
-
n/a
-
4.65% p.a.
Fees
-
$600.00
-
$0.00
-
$0.00
-
$0.00
-
n/a
-
$0.00
-
$395.00
Other financial bits
-
$20,000
-
$2,500,000
-
none
-
90.00%
Features
-
Weekly, Fortnightly, Monthly
-
yes - fee applies
-
none
-
no
-
none
-
yes
-
no
-
none
-
none
-
none
Customer Reviews
How are bcu home loans rated by the Mozo community?
Latest reviews of bcu Fixed Rate Home Loan
- Overall8/10
BCU is one of the 'must consider' options.
The customer service as well as the interest rates make this credit union one of the 'must...
Read full review
The customer service as well as the interest rates make this credit union one of the 'must consider' options when refinancing or getting a new home loan. What they lack in features, they make up for with savings and customer service.
Price9/10Features5/10Customer service9/10Convenience8/10Trust10/10Less
Nathan | Victoria
reviewed 14 days ago
- Overall10/10
Great rates!
Easy process with great rates and service!
Read full review
Easy process with great rates and service!
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Tracy | Queensland
reviewed about 1 year ago
- Overall10/10
Leaves the big banks for dead.
Thanks Grant for a professional stress free experience!
Read full review
Thanks Grant for a professional stress free experience!
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Corrine | New South Wales
reviewed almost 4 years ago
- Overall9/10
happy
Love BCU
Read full review
Love BCU
Price7/10Features9/10Customer service8/10Convenience8/10Trust9/10Less
Jason | Victoria
reviewed over 4 years ago
About bcu
bcu began in 1970 when a group of north coast banana growers pooled their resources, and formed a credit union. Since those humble beginnings bcu has grown to 54,000 members, and includes 21 stores from the Sunshine Coast to Port Macquarie, plus telephone and Internet banking facilities. bcu is now a division of Police & Nurses Limited after a 2019 merger. bcu has a wide range of personal finance options to simplify your banking, including credit cards, home loans, personal loans, savings and transaction accounts and term deposits.
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