With a low 6.49% variable interest rate (6.77% comparison rate*), the ability to make extra repayments and the option to pay out the loan early without penalty, the bcu New Car Loan ticks all the right boxes for a great value secured car loan. Not to mention, BCU Bank’s New Car Loan received multiple awards in the 2024 Mozo Experts Choice Award.
The bcu special car loan has an upfront application fee of $200 and a monthly service fee of $8 for the life of the loan. It is available for loan amounts from $4,000 up to $150,000, so finding the right wheels to fit your budget shouldn’t be a problem.
Remember that in order to snag the low 6.49% interest rate, you'll need to bundle your car loan a bcu every day bank account.
You can choose a loan term to meet your budget as the new car loan is available for any term between 1 years to 5 years. Plus, the variable interest rate means you get a lot of flexibility as you can make extra repayments whenever you like and if you decide to pay out the loan early, there is no early termination fee.
While you also get the flexibility of a redraw facility if you do want to redraw on any extra repayments.
The bcu New Car Loan might be suitable for anyone over the age of 18 years looking at purchasing a new or used car which is valued above $4,000.
You’ll need to bundle the car loan with a bcu transactional access account to be eligible for the low rate but the good news is that bcu has a wide range of personal banking products to choose from including fee free bank accounts and home loans.
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Variable |
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|
6.49% p.a.variable |
|
|
6.77% p.a.based on $30,000 |
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$200.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
$4,000.00 |
|
|
$150,000.00 |
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|
1 Year |
|
|
5 Years |
|
|
Vehicle |
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- |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes |
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|
yes |
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none |
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none |
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.
My loan manager was very quick to contact me when I was approved and he was patient, very patient. I (39M) definitely am an extremely happy customer!
Read full reviewMy loan manager was very quick to contact me when I was approved and he was patient, very patient. I (39M) definitely am an extremely happy customer!
Great experience, really quick service, friendly kind staff who explained everything clearly to me.
Read full reviewGreat experience, really quick service, friendly kind staff who explained everything clearly to me.
Very good all around and having a very nice person to talk to makes all the difference
Read full reviewVery good all around and having a very nice person to talk to makes all the difference
Very happy with the easy access to help and how fast and simple the process is.
Read full reviewVery happy with the easy access to help and how fast and simple the process is.
Karen was absolutely amazing, so helpful!
Read full reviewKaren was absolutely amazing, so helpful!
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Unsecured Personal Loan (Fixed)
6.57% p.a.
6.57% p.a.based on $10,000
over 3 years
Debt Consolidation
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Standard Personal Loan (Unsecured)
8.99% p.a.
9.35% p.a.based on $30,000
over 5 years
Home Renovation
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Personal Loan (Secured)
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Clean Green Car Loan
7.29% p.a.
8.41% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Debt Consolidation
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Unsecured Personal Loan (Fixed)
6.57% p.a.
6.57% p.a.based on $10,000
over 3 years
Home Renovation
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
Unsecured Personal Loan (Fixed)
7.99% p.a.to 8.99% p.a.
7.99% p.a.to 10.65% p.a.based on $10,000
over 3 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Low Rate Personal Loan
6.57% p.a.to 8.48% p.a.
7.19% p.a.to 8.84% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
6.75% p.a.to 26.95% p.a.
6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
Unsecured Personal Loan
5.76% p.a.to 24.03% p.a.
6.55% p.a.to 24.98% p.a.based on $30,000
over 5 years
Standard Personal Loan (Unsecured)
8.99% p.a.
9.35% p.a.based on $30,000
over 5 years
Unsecured Personal Loan (Fixed)
6.57% p.a.
6.57% p.a.based on $10,000
over 3 years
Low Rate Personal Loan
8.49% p.a.to 11.19% p.a.
8.85% p.a.to 11.56% p.a.based on $30,000
over 5 years
Unsecured Personal Loan (Fixed)
7.99% p.a.to 8.99% p.a.
7.99% p.a.to 10.65% p.a.based on $10,000
over 3 years