bcu Secured Freedom Loan

Not yet rated

Take advantage of a competitive 7.83% p.a. rate and loan approval in 30 minutes.

The Freedom personal loan from Bananacoast Credit Union, more commonly known as bcu, offers amounts between $4,000 and $75,000, making it suitable for a range of purposes. You can benefit from features such as a 30-minute application and flexible repayments. Find out more about this loan below.

Product Namebcu Secured Freedom Loan
Interest Rate (p.a.)From 7.83% (variable)
Comparison Rate (p.a.)8.74%
Interest Rate TypeVariable
Min Loan Amount$4,000
Max. Loan Amount$75,000
Loan SecuritySecured

Main points to consider about the bcu Freedom personal loan

This loan is secured so you need to attach security with a value of $5,000 or more in order to qualify. You'll reveive a variable rate of 7.83% p.a. and you can apply for amounts between $4,000 and $75,000. This loan comes with no fee for early repayment and a redraw facility is available.

Features of the Freedom Personal Loan

The Freedom personal loan offered by bcu has many features, such as:

  • Variable intrest rate. From a 7.83% p.a. variable rate and a 8.74% p.a. comparison rate, bcu ensures that anyone who is approved for this loan will get a competitive rate.
  • Fast approval process. You can be approved for this loan in as little as 30 minutes.
  • Flexible repayments offered. Make additional repayments when you can and pay off the loan early without penalty.
  • Transparent fee system. You are able to see all of the fees that you will be charged over the term of the loan. For example, your application fee for your secured loan is $250, there is a monthly fee of $8 and the redraw fee is $25 each time you want to redraw money out of your loan.
  • Loan terms. The minimum loan term for this loan is 1 year(s) and the maximum loan term is 5 year(s). This means you can select the loan term that suits your repayment needs.
  • Loan amounts. You can apply for between $4,000 and $75,000, making it suitable for a variety of purposes.
  • Redraw available. You have access to extra repayments you have made with the redraw facility available within this loan.

How to apply for the bcu Freedom personal loan

Click on “Go To Site” and ensure you meet the following requirements before you apply for this loan. They are as follows:

  • 18 years or older
  • A permanent Australian resident or citizen
  • Not have any debts, judgements or undeclared bankruptcy charges against you

Also be prepared to provide:

  • Your financial details, such as other income, whether or not you have a mortgage, whether you receive a salary etc.
  • Your monthly expenses

The Freedom personal loan offered by bcu is one of many personal loans available to consumers on the market. It’s important to do your research before deciding which loan is best for you and your needs.

Was this content helpful to you? No  Yes

Personal Loan Offers

Important Information*
HSBC Personal Loan

A competitive fixed interest rate loan with the option to make extra repayments. Rates range from 9.5% p.a. to 15.99% p.a. based on your credit history.

SocietyOne Unsecured Personal Loan

Based on your risk profile, you will receive a tailored rate between 7.5% and 20.49% with a SocietyOne personal loan.

Latitude Personal Loan (Unsecured)

An unsecured loan with a tailored rate from 13.99% p.a. to 29.99% p.a. designed for multiple purposes including renovating, buying a car or travelling.

Citi Personal Loan Plus

Borrow up to $75,000 to use for a range of purposes. You’ll receive a rate of between 8.99% p.a. and 17.99% p.a. depending on your risk profile. (Comparison Rate of 9.96% p.a. to 18.91% p.a.)

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site