bcu Fixed Rate Home Loan

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 95%

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 95%

Choose the version of loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

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

  • Owner Occupier (Interest Only)

    LVR < 95%

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

  • Investor (Principal & Interest)

    LVR < 95%

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

  • Investor (Interest Only)

    LVR < 95%

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

3.90% p.a.

4.78% p.a.

$0.00

bcu Fixed Rate Home Loan

3.90% p.a.

4.78% p.a.

$0.00

4.00% p.a.

4.82% p.a.

$0.00

bcu Fixed Rate Home Loan

4.00% p.a.

4.82% p.a.

$0.00

4.15% p.a.

5.04% p.a.

$0.00

bcu Fixed Rate Home Loan

4.15% p.a.

5.04% p.a.

$0.00

4.25% p.a.

5.06% p.a.

$0.00

bcu Fixed Rate Home Loan

4.25% p.a.

5.06% p.a.

$0.00

Mozo Review   bcu Fixed Rate Home Loan Review

Last updated: 23 August 2018.

What's hot:
  • 3.90% fixed rate for 3 years

  • 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 loan terms between 1 and 30 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, the loan is principal and interest or interest only and the length of the loan. While features such as the the repayments 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 3.90% interest rate (4.78% comparison rate) for owner occupier, principal and interest loans, while investors making interest only repayments can snag a 4.25% interest rate (5.06% 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 can offer you a home loan as small as $20,000. On the other hand, you can also get a rather big loan, with the maximum loan amount 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 20 September 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.80% (4.98%*)

  • 3.85% (4.87%*)

  • 3.90% (4.78%*)

  • 4.20% (4.80%*)

  • 4.45% (4.85%*)

  • (*)

  • (*)

  • 5.05% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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

Details

Rates and fees information correct as at 20 September 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.90% (4.99%*)

  • 3.95% (4.89%*)

  • 4.00% (4.82%*)

  • 4.30% (4.84%*)

  • 4.55% (4.89%*)

  • (*)

  • (*)

  • 5.05% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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

Details

Rates and fees information correct as at 20 September 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.05% (5.23%*)

  • 4.10% (5.12%*)

  • 4.15% (5.04%*)

  • 4.45% (5.05%*)

  • 4.70% (5.10%*)

  • (*)

  • (*)

  • 5.30% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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

Details

Rates and fees information correct as at 20 September 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.15% (5.24%*)

  • 4.20% (5.14%*)

  • 4.25% (5.06%*)

  • 4.55% (5.09%*)

  • 4.80% (5.14%*)

  • (*)

  • (*)

  • 5.30% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $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

Customer Reviews

How are bcu home loans rated by the Mozo community?

Overall customer rating
7.9/10

Based on 36 bcu home loan reviews

Price
7.4/10
Features
6.7/10
Customer service
8.1/10
Convenience
8.3/10
Trust
8.2/10

Latest reviews of bcu Fixed Rate Home Loan

  • Overall
    10/10
    Leaves the big banks for dead.

    Thanks Grant for a professional stress free experience!

    Thanks Grant for a professional stress free experience!

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Corrine | New South Wales

    reviewed over 2 years ago

  • Overall
    9/10
    happy

    Love BCU

    Love BCU

    Price
    7/10
    Features
    9/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10

    Jason | Victoria

    reviewed about 3 years ago

bcu

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 23 branches from Port Macquarie to Beaudesert, a call centre located in northern NSW and Telephone and Internet banking facilities. Profits are returned back to members through loyalty rebates, affordable loans, sponsorships and educational programs. Regardless of where you live in Australia, 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

*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.