BCU personal loans offer a range of packages for different needs. Check out our range of personal loans for an overview of interest rates, fees and more. Or you can compare the whole market with our personal loan comparison tools.
Rates and fees verified as correct at 29 April, 2017. Other information correct at the time of writing.
|Product||Interest rate from||Comparison rate from*||Upfront fee|
8.94% p.a.to 10.69% p.a.
9.85% p.a.to 11.59% p.a.based on $30,000
10.44% p.a.to 12.19% p.a.
13.54% p.a.to 15.28% p.a.based on $10,000
* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are for the amounts and terms quoted, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans, and apply only to these examples. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may inﬂuence the cost of the loan.
† Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.
bcu is a growing credit union that has been providing financial services to everyday Australians since 1970. If you’re seeking out a personal loan from an alternative provider to the big banks, you might be happy to hear bcu’s personal loans detailed below offer competitive variable rates and keep fees to a minimum.
The unsecured bcu “Freedom Loan” (or debt consolidation loan) involves you paying off outstanding debts in the one place, on a lower interest rate than you would otherwise. You’ll need to have a debt balance of at least $4,000 up to $75,000, and repay your loan over a one to five year term. The interest rate is variable, meaning bcu can adjust it during the contract. Taking out a Freedom Loan doesn’t require you secure it with an asset, which involves less paperwork for you and a slightly higher rate. While there is one signup cost and monthly fees, you can make extra repayments and bring your balance down to zero before the term ends fee-free. bcu has a no-minimum redraw facility, but you need to pay a fee each time you use it to dip into those extra loan repayments.
Called “Multipurpose” for a reason, bcu’s unsecured personal loan has all the same features as its debt consolidation version detailed above except for a slightly lower variable interest rate. While you can’t use it to repay debts, this product can help you finance just about anything else!
With low competitive variable rates, bcu new and used car loans can finance cars priced up to $75,000. New car loans start from $20k and are secured to the loan for a rate lower than the used car type (which is unsecured). You can pay off these bcu loans on terms from two to seven years. If you want to be charged less in interest, bcu won’t penalise in fees for clearing your debt before the total amount is due. You can also redraw money from any extra loan repayments you’ve made for a small transaction fee. Other things to consider with bcu new and used car loans are its monthly fees and signup cost.
For insight into bcu’s customer service, rates and product experiences on its personal Click the link for reviews on bcu loan products.
To apply for a personal loan with bcu, all you need to do is head to a local branch or fill out your details in online form. Once that’s done, bcu could approve your loan within the hour.
To apply for a personal loan with bcu you will need: