bcu Personal Loan

Get a personal loan from $4,000 up to $75,000 with terms up to 5 years. Interest rates vary based on loan purpose and security offered.

bcu offers a personal loan with a credit limit of up to $75,000. Loan terms are relatively short, ranging up to 5 years. Applications can be made online or in-branch, and have a quick approval time. There are no penalties for paying the loan early, or for making redraws, but there is an establishment fee of $200. Interest rates start from 9.30% p.a., with a comparison rate of 10.69% p.a., but it can vary based on the purpose of the loan and whether or not you offer security. The interest rate is also variable, which means that your repayments could fluctuate on a month by month basis. This means that you could pay higher interest for some months, and lower for others, making budgeting difficult.

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From 9.30% (variable)

Interest Rate (p.a.)

10.69%

Comparison Rate (p.a.)

$4,000

Min Loan Amount

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Details

Product Namebcu Freedom Loan Unsecured
Interest Rate (p.a.)
From 9.30% (variable)
Comparison Rate (p.a.)10.69%
Interest Rate TypeVariable
Min Loan Amount$4,000
Max. Loan Amount$75,000
Loan SecurityUnsecured

Important Information

bcu has changed their personal loan offering. This personal loan is no longer offered however you can find their secured and unsecured personal loans at the linked below.

Main points to consider with the bcu Personal Loan

bcu charges no fees for early repayment and allows joint loan applications. The minimum you can apply for is $4,000 and a $200 application fee applies if the loan is unsecured. This fee is $250 for a secured loan. If you select the secured option, the asset you put up as collateral must be valued at least $5,000.

If you're borrowing to consolidate outstanding debt, it must be for at least two non-bcu debts. While you do pay application and monthly fees, there is no charge if you choose to settle the balance before the end of the loan term.

What features come with a bcu personal loan?

If you're interested in applying for a bcu personal loan, here are some of the features from which you can benefit.

  • Flexibility. You have the option to make additional repayments or repay your loan in full without risking a penalty.
  • Competitive rates. Interest rates start at 9.30% p.a. However, rates can vary depending on factors like the purpose, security put forward and whether or not you qualify for an interest rate discount.
  • Easy application. You can either apply at a bcu office or submit an application online.
  • Secured and unsecured options. You can choose to put up collateral to secure a personal loan as long as the asset is worth more than $5,000.
  • Joint applications. You have the option to submit a joint application for a personal loan. On the online application form, you can select the option under "Number of applicants".
  • Redraw facility. You have the option to redraw additional payments without penalty.

How to apply for the bcu personal loan

Applying is simple and can be completed online. To get started, click "Go to Site". You'll need to meet the following eligibility criteria:

  • Be 18 years or older
  • Be an Australian citizen or permanent resident
  • Have no outstanding defaults or judgements against your name

Specify the loan type, whether or not you're putting up security, and whether you want loan protection. You can also register to receive eStatements. Keep the following details on hand to complete your application:

  • Personal details
  • Employment details
  • Financial information
  • Assets and liabilities
  • The purpose of the loan

While bcu personal loans come with application fees and charges, you can borrow up to $75,000 with flexible terms and repayment options. Before making a commitment, it's important to compare personal loan options and verify your financial position to ensure it's the right loan for you.

Compare other personal loans

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10

You'll receive a variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
Plenti Personal Loan

From 6.39% (fixed)
6.39%
$2,001
3 to 7 years
$0 to $999
$0
You'll receive a fixed rate between 6.39% p.a. and 17.89% p.a. based on your risk profile.
A flexible loan with amounts from $2,001 and terms starting from 3 years. Interest and comparison rates calculated for a loan term of 5 years.
Citi Personal Loan Plus
8.90% (variable)
9.18%
$5,000
3 to 5 years
$199
$0
You'll receive a guaranteed rate of 8.90% p.a. with a comparison rate of 9.18% p.a. if you're approved. Note: This rate may vary during the loan term.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years. Note: Monthly account service fee will be waived for applications submitted before 30 September 2021. The interest rate doesn’t change based on your risk profile, so you know your rate before you apply.
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
Alex Bank Personal Loan

From 5.45% (fixed)
5.45%
$2,100
6 months to 5 years
$0 (Waived $295 establishment fee)
$0
You'll receive a fixed interest rate from 5.45% p.a. to 19.99% p.a. based on your risk profile
Borrow between $2,100 and $30,000 from 6 months to 5 years. Note: The $295 establishment fee will be waived for loan applications submitted by 11 August 2021.
SocietyOne Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
2 to 5 years
from $0 to $595
$0
You'll receive a fixed rate between 5.95% p.a. and 19.99% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.

⭐ Finder Exclusive: Apply and settle a NOW Finance debt consolidation loan via Finder by 30 September 2021 for your chance to win $2000 paid off your debt. T&Cs apply.
OurMoneyMarket Personal Loan

From 5.45% (fixed)
6.07%
$2,001
1 to 7 years
From $250 to $450
$0
You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.
ANZ Fixed Rate Personal Loan
8.99% (fixed)
9.88%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 8.99% p.a. with a comparison rate of 9.88% p.a. if you're approved.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

⭐Special Offer: Secure a reduced interest rate of 8.99% p.a. for a limited time only. Apply for up to $50,000 to use for a variety of purposes without needing to add security.
Wisr Personal Loan

From 6.49% (fixed)
6.76%
$5,000
3 to 7 years
$195
$0
You'll receive a fixed rate between 6.49% p.a. and 20.95% p.a. based on your risk profile
A loan from $5,000 that charges no fees for extra or early repayments. Keep in mind security is required in some cases.

⭐Special Offer: Wisr's standard establishment fee $595 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
ANZ Variable Rate Personal Loan
10.50% (variable)
11.38%
$5,000
1 to 7 years
$150
$10
You'll receive a guaranteed rate of 10.50% p.a. with a comparison rate of 11.38% p.a. if you're approved. Note: This rate may vary during the loan term.
A flexible loan with amounts starting $5,000 that offers flexible repayments and a redraw facility.
Heritage Bank Fixed Personal Loan
7.99% (fixed)
8.62%
$5,000
1 to 7 years
$200
$5
Choose a fixed rate loan and receive a comparison rate of 8.62% p.a.
Fixed rate loans are available up to $100,000 on terms from 1 to 7 years.
Plenti Variable Rate Personal Loan

From 6.39% (variable)
6.39%
$2,001
1 to 3 years
$0 to $999
$0
You'll receive a variable rate from 6.39% p.a and 17.89% p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 12 months. Benefit from transparent costs and a rate estimate before you apply.
NAB Personal Loan Unsecured Variable Rate

From 6.99% (variable)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a variable rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
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Personal Loan Offers

Important Information*
Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.

Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.

Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

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4 Comments

    Default Gravatar
    Robert
    May 12, 2017

    Why do you and all the other lenders Discriminate when a Pensioner on Centrelink Payment Applies for A personal Loan this is Discrimination and you ought to be ashamed we built this country paid our taxes and because there was no such thing as superannuation when I worked for 54 years so we arw discriminated against please take a look at this and Reconsider your Position
    That I must be Employed I could pay the Loan with regular Fortnightly payments Payed by the Federal Government every Fortnight in to my Bank Account

      Avatarfinder Customer Care
      May
      May 12, 2017

      Hi Robert,

      Thanks for your comment and I understand how you feel. Just to confirm though that finder.com.au is a financial comparison website and general information service and we do not offer the loans ourselves.

      Please note that lenders have different eligibility criteria and requirements, so not all of them would accept people who receive Centrelink payments. However, some specialised lenders may consider Centrelink recipients.

      On that same page, you can review the criteria and get more information from the guide on how you can get a loan.

      Cheers,
      May

    Default Gravatar
    Supattra
    April 25, 2017

    Hi,
    can you please send me a full eligibility criteria for a personal loan? I would like to consolidate my 2 credit cards but I am a self employed.

    Regards,
    Supattra

      Avatarfinder Customer Care
      Dee
      April 26, 2017

      Hi Supattra,

      Thanks for your question.

      You may check the eligibility criteria and requirements to apply for a bcu Personal Loan on this page, under the heading “How to apply for the bcu personal loan.”

      Just in case, you may also be interested in comparing other personal loans featured on our website.

      Cheers,
      Anndy

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