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
| 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 | < 89% | $20,000 | $2,500,000 |
| | Investor | Interest Only | < 89% | $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 < 89%
Loan: $20,000 $2,500,000
Investor (Interest Only)
LVR < 89%
Loan: $20,000 $2,500,000
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 $395 discharge fee to watch out for.
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 2.16% interest rate (3.63% comparison rate*) for owner occupier, principal and interest loans, while investors making interest only repayments can snag a 2.54% interest rate (3.85% 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.
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.
The $395 discharge fee are an added cost that you’ll need to consider when budgeting for this loan.
n/a
n/a
n/a
n/a
2.85% (4.03%*)
2.12% (3.79%*)
2.16% (3.64%*)
3.20% (3.84%*)
3.26% (3.79%*)
n/a
n/a
4.14% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$395.00
$20,000
$2,500,000
none
95.00%
Weekly, Fortnightly, Monthly
yes - fee applies
none
no
none
yes
no
none
none
none
n/a
n/a
n/a
n/a
2.95% (4.09%*)
3.01% (4.00%*)
3.03% (3.91%*)
3.30% (3.91%*)
3.36% (3.87%*)
n/a
n/a
4.20% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$395.00
$20,000
$2,500,000
none
90.00%
Weekly, Fortnightly, Monthly
yes - fee applies
none
no
none
yes
no
none
none
none
n/a
n/a
n/a
n/a
2.98% (4.19%*)
2.39% (3.97%*)
2.44% (3.83%*)
3.33% (3.98%*)
3.39% (3.94%*)
n/a
n/a
4.30% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$395.00
$20,000
$2,500,000
none
89.00%
Weekly, Fortnightly, Monthly
yes - fee applies
none
no
none
yes
no
none
none
none
n/a
n/a
n/a
n/a
3.00% (4.28%*)
2.49% (4.07%*)
2.54% (3.93%*)
3.35% (4.06%*)
3.41% (4.01%*)
n/a
n/a
4.40% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$395.00
$20,000
$2,500,000
none
89.00%
Weekly, Fortnightly, Monthly
yes - fee applies
none
no
none
yes
no
none
none
none
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.
Read full reviewThe 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.
Easy process with great rates and service!
Read full reviewEasy process with great rates and service!
Thanks Grant for a professional stress free experience!
Read full reviewThanks Grant for a professional stress free experience!
Love BCU
Read full reviewbcu 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.
See bcu home loans
Promoted
Suncorp
Fixed Home Loan (Home Package Plus)
2.49% p.a.
fixed 3 years
3.31% p.a.
Promoted
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.39% p.a.
fixed 3 years
3.66% p.a.
Promoted
People's Choice Credit Union
Basic Variable Home Loan
2.69% p.a. variable
2.69% p.a.
Promoted
Bank of Queensland
Fixed Rate
2.35% p.a.
fixed 3 years
3.44% p.a.
Promoted
Yard
Variable Home Loan Winter Special
2.39% p.a. variable
2.42% p.a.
Promoted
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.39% p.a.
fixed 3 years
3.66% p.a.
Promoted
Bank of Queensland
Economy
2.69% p.a. variable
2.86% p.a.
Promoted
Bank of Queensland
Economy
2.69% p.a.
2.86% p.a.
Promoted
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.94% p.a.
3.34% p.a.
Promoted
People's Choice Credit Union
Basic Variable Home Loan
2.69% p.a.
2.69% p.a.
Promoted
Yard
Variable Home Loan Winter Special
2.39% p.a.
2.42% p.a.
Promoted
Suncorp
Fixed Home Loan (Home Package Plus)
2.49% p.a.
fixed 3 years
3.31% p.a.
Promoted
Commonwealth Bank
Fixed Rate Home Loan (Wealth Package)
2.29% p.a.
fixed 3 years
3.87% p.a.
Promoted
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.39% p.a.
fixed 3 years
3.66% p.a.
Promoted
People's Choice Credit Union
Fixed Rate Home Loan (Package)
2.29% p.a.
fixed 3 years
3.72% p.a.
Promoted
Mortgage House
Switch and Save Special - Fixed Home Loan
2.44% p.a.
fixed 3 years
2.60% p.a.