Interest rate from
5.65% p.a.
Comparison rate from
5.93% p.a.based on $30,000
over 5 years
Upfront fee

Mozo editorial review bcu New Car Loan - last updated: 10 November 2021

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What's hot
  • 5.65% variable interest rate (5.93% comparison rate*)
  • Flexibility of additional payments
What's not
  • $200 upfront fee
  • $8 monthly service fee
Mozo snapshot

With a low 5.65% variable interest rate (5.93% 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

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Key features

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 $75,000, so finding the right wheels to fit your budget shouldn’t be a problem.

Remember that in order to snag the low 5.65% 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.

Who is it good for

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.

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Any catches

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.


Rates and fees information correct as at 20 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.


5.65% p.a.variable

5.93% p.a.based on $30,000
over 5 years







Other financial bits



1 Year

5 Years



Weekly, Fortnightly, Monthly





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.

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