8.7 / 10

based on 374 reviews as rated by Mozo community

bcu personal loans

If you’re seeking out a personal loan from an alternative provider to the big banks, check out a bcu personal loan.  bcu is a division of Police & Nurses Limited following the successful merger between Bananacoast Community Credit Union Ltd and
Police & Nurses Limited. Find details you need to know before you apply, like interest rates, fees and loan amounts below.

bcu offers the following personal loans

Rates and fees verified as correct at 26 November, 2020. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Freedom Loan (Variable, Unsecured)

9.30% p.a.

10.69% p.a.based on $10,000
over 3 years

$200

New Car Loan (Less than 5 years old, Variable, Secured)

5.65% p.a.

6.00% p.a.based on $30,000
over 5 years

$250

WARNING: 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 calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. 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.

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 personal loan overview

Debt consolidation loan:

bcu offer a variable rate loan - meaning bcu can adjust the rate during the contract - which can be used for debt consolidation. While there is an upfront application fee and monthly service fee to think about, you can make extra repayments and bring your balance down to zero before the term ends fee-free.

Unsecured personal loan:

Don't have an asset to put up as collateral? You can choose an unsecured loan with bcu, just keep in mind opting for an unsecured loan means a higher rate.

New or used car loan:

If you're specifically shopping for a car with your bcu loan, you're in luck. The bcu car loan comes with extra loan repayments and a redraw facility. And bcu won’t penalise you for clearing your debt before the total amount is due. However, keep in mind bcu's car loan does come with monthly and upfront fees.

bcu personal loan features at a glance

How do you apply for a bcu personal loan?

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:


How are bcu personal loans rated?

Mozo users have rated bcu personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of personal-loans
bcu personal loans
Overall
9.3/10
Price
Features
Customer service
Convenience
Trust

86 Reviews

Recent bcu personal loan reviews

bcu Secured Freedom Loan review
Overall 10/10
Awesome

Great service

Read full review

Great service

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Ben, New South Wales reviewed over 4 years ago
bcu Secured Freedom Loan review
Overall 9/10
Great service

Well looked after and provided all sufficient information I asked and also very satisfying customer service

Read full review

Well looked after and provided all sufficient information I asked and also very satisfying customer service

Price
8/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Jye, New South Wales reviewed over 4 years ago
bcu Freedom Loan review
Overall 10/10
Excellent customer service

Excellent customer service & super quick at approving/processing personal loan

Read full review

Excellent customer service & super quick at approving/processing personal loan

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Tammy, New South Wales reviewed over 4 years ago
bcu Secured Freedom Loan review
Overall 10/10
Will never look anywhere else!!

Great, efficient and personal.

Read full review

Great, efficient and personal.

Price
8/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kattya, New South Wales reviewed over 4 years ago

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