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bcu Fixed Rate Home Loan

Advertiser disclosure

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 89%

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 89%

Choose the version of this loan that suits you best

  • 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 < 89%

    Loan: $20,000 $2,500,000

  • Investor (Interest Only)

    LVR < 89%

    Loan: $20,000 $2,500,000

Fixed 3 year rate
1.99% p.a.
Comparison Rate
3.54% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
2.49% p.a.
Comparison Rate
3.67% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
2.19% p.a.
Comparison Rate
3.71% p.a.
Service fee
$0.00
Upfront fee
$0
Fixed 3 year rate
2.29% p.a.
Comparison Rate
3.73% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review bcu Fixed Rate Home Loan

Last updated: 8 April 2021.

binocular icon
What's hot
  • 1.98% 2-year fixed rate (3.76% comparison rate*)
  • Borrow with a 5% deposit
  • No upfront or ongoing fees
  • 2021 Mozo Experts Choice Award winner
What's not
  • $395 discharge fee
Mozo snapshot

Featuring competitive fixed interest rates for both owner occupiers and investors, plus zero upfront or ongoing fees, the Fixed Rate Home Loan from bcu is a loan that should be on the minds of borrowers looking to lock in a competitive rate without the additional costs. Plus, after taking home a 2021 Mozo Experts Choice Award in the Investor Fixed Home Loan category, you know you're getting a competitive deal.

key icon
Key features

The bcu Fixed Rate Home Loan offers a couple of options depending on whether you're an investor or an owner occupier, and whether you want to make principal and interest or interest only repayments on the loan. 

For example, fixed rates for owner occupiers making principal and interest repayments with a loan-to-value ratio (LVR) of 95% or lower start at 1.98% (3.76% comparison rate*) for two years. Meanwhile, for investors making principal and interest repayments with an LVR below 89% rates start from 2.18% (3.92% comparison rate*) for two years.

The bcu Fixed Rate Home Loan also offers a wide range of loan amount: from as little as as $20,000 up to a generous $2,500,000.

Making sure your repayments fit in with your budget isn’t always as easy as you’d like it to be, which is why bcu allows borrowers to repay their loans on a weekly, fortnightly or monthly basis. The loan also comes with an extra repayments feature for borrowers wanting to pay off their loan faster, though fees will apply. 

Speaking of fees, there are very few with the Fixed Rate Home Loan. While there's a $395 discharge fee, there are no upfront fees or a monthly or annual service fee to worry about.


snapshot
Who is it good for

For borrowers looking to lock in a competitive interest rate for up to five years, especially those wanting to borrow with a low deposit, the Fixed Rate Home Loan from bcu could be just the ticket.

question icon
Any catches

The $395 discharge fee is an added cost that you’ll need to consider when budgeting for this loan, as is the high 4.06% revert rate which comes into effect after the fixed loan period. So once that period is over, it may be worth comparing other home loan rates to ensure that you're getting a competitive offer. 


Details

Rates and fees information correct as at 21 April 2021. 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

  • 1.98% (3.88%*)

  • 1.98% (3.70%*)

  • 1.99% (3.54%*)

  • 1.99% (3.39%*)

  • 2.39% (3.41%*)

  • n/a

  • n/a

  • 4.06% p.a.

Fees
  • $0.00

  • $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

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 21 April 2021. 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

  • 2.48% (3.92%*)

  • 2.48% (3.79%*)

  • 2.49% (3.67%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 4.06% p.a.

Fees
  • $0.00

  • $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

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 21 April 2021. 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

  • 2.18% (4.04%*)

  • 2.18% (3.87%*)

  • 2.19% (3.71%*)

  • 2.19% (3.56%*)

  • 2.59% (3.58%*)

  • n/a

  • n/a

  • 4.22% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $395.00

Other financial bits
  • $20,000

  • $2,500,000

  • none

  • 89.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 21 April 2021. 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

  • 2.28% (4.05%*)

  • 2.28% (3.88%*)

  • 2.29% (3.73%*)

  • 2.29% (3.59%*)

  • 2.69% (3.62%*)

  • n/a

  • n/a

  • 4.22% p.a.

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $395.00

Other financial bits
  • $20,000

  • $2,500,000

  • none

  • 89.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - fee applies

  • none

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are bcu home loans rated by the Mozo community?

Overall
8.1/10

Based on 40 bcu home loan reviews

Price
7.6/10
Features
6.8/10
Customer service
8.3/10
Convenience
8.4/10
Trust
8.4/10

Latest reviews of bcu Fixed Rate Home Loan

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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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