BCU Bank personal loans

bcu personal loan overview

Unsecured personal loan:

Don't have an asset to put up as collateral? You can choose an unsecured loan with bcu. The loan allows customers to borrow between $4,000 and $75,000 for a loan term between 1 and 5 years. While there is an application cost to budget for straight off the bat, there are no other ongoing or early repayment penalties to worry about. And when it comes to making repayments there is tonnes of flexibility. Not only can borrowers choose from a weekly, fortnightly or monthly repayment schedule, there are also free extra repayments and a redraw facility attached to this loan.  

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 (for vehicles up to five years old) comes with extra loan repayments and a redraw facility. Plus, bcu won’t penalise you for clearing your debt before the total amount is due, and there are also no ongoing or exit fees either. However, keep in mind bcu's car loan does come with an upfront application fee. This loan wowed Mozo's experts as they awarded it Best Used Car Loan for the 2023 Mozo Experts Choice Awards.  

bcu personal loan features at a glance

• Repayment flexibility: Take your pick between weekly, fortnightly or monthly repayments with all bcu personal loans.
• Extra repayments: Make additional repayments as you like with bcu, as there are no break cost fees or penalty fees to consider.
• Redraw facility: With bcu you’re free to draw on funds from past repayments via a redraw facility.
• No break cost: If you want to clear your debts sooner rather than later, bcu personal loans won’t charge you extra for doing it.

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:

• To be 18 years of age or older
• To be an Australian resident or citizen
• To prove your income with the contact details of your employer
• To give an estimate of your monthly personal expenses
• To provide details of any assets you own and liabilities