bcu Secured Freedom Loan

Last updated:  

Take advantage of a competitive 7.58% 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.

From 7.58% (variable)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product Namebcu Secured Freedom Loan
Interest Rate (p.a.)
From 7.58% (variable)
Comparison Rate (p.a.)8.49%
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 receive a variable rate of 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 interest rate. From a 7.58% p.a. variable rate for this personal loan and a 8.49% 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 and the maximum loan term is 5 years. 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.

Personal Loan Offers

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

You'll receive a fixed rate between 6.99% p.a. and 25.69% 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.

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

You'll receive a fixed rate of 10.5% 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. Note: These rates are available until 2 February 2021. Credit, eligibility criteria and terms & conditions apply.

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

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% 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.

Ask an expert

To ask a question simply log in via your email or create an account.

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 Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site