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bcu Car Loan

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Application Fee
$200
Interest Rate (p.a.)
From 6.49% (variable)
Comparison Rate (p.a.)
6.77%
Max Loan Amount
$150,000

Summary

This flexible car loan offers a handy redraw facility and a fee-free early payout option.

If you’re looking to buy a motor vehicle up to 5 years old, the bcu car loan offers flexible finance with a competitive interest rate, a redraw facility and the option to make extra payments without paying additional fees. You can borrow from $4,000 up to $150,000 and a fast application process means you could have approval within 30 minutes of applying.

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name bcu Car Loan
Interest Rate (p.a.) 6.49%
Comp. Rate (p.a.) 6.77%
Interest Rate Type Variable
Min Loan Amount $4,000
Max Loan Amount $150,000

Main points to consider about the bcu car loan

A bcu car loan can be an unsecured loan or a secured loan with the car or some other asset as security. If you opt for a secured loan, your asset must have a value greater than $5,000.

The bcu car loan is a flexible personal loan with various features. You can make additional payments as well as pay the loan out early without any extra fees or penalties.

Features of the bcu car loan

  • Competitive interest rate. The variable rate is from 6.49% p.a. and the comparison rate is 6.77% p.a.(calculated on a loan amount of $30,000 over a term of 5 years with monthly repayments).
  • Redraw facility. If you are ahead with your repayments, you have the option of drawing down the extra money you've paid to spend on whatever you like.
  • Fast approval. Apply online, by phone or at your nearest bcu branch, and you could have approval in as little as 30 minutes.
  • Flexible payment terms. You can make additional repayments at any time without any financial penalty.
  • Early payout option. You have the option to pay the loan off early, without incurring a fee.

How much will the loan cost?

Fees and charges that apply to the bcu car loan include the following:

  • Application fee: Unsecured loan $200, secured loan $200
  • Monthly fee: $0 administration fee
  • Redraw fee: $0 per redraw

How to apply for the bcu car loan

You can apply for a bcu car loan simply by clicking "Go to Site" on this page. To be eligible for this loan, you must meet the following criteria:

  • Be over 18 years of age
  • Have a regular income
  • Have a good credit history
  • Borrow a minimum of $4,000 or a maximum of $150,000
  • Take the loan over a minimum term of 5 years
  • Have an asset worth more than $5,000 if taking out a secured loan
  • Have another bcu product

You will need to provide proof of identity (ie, driver's license, passport etc), proof of income (ie, payslips, bank statements etc) and proof of assets (ie, vehicle ownership papers, mortgage statement etc) to support your loan application.

It's always important to shop around and compare features before opting for a particular car loan, but if it's flexibility you're after and you're already a bcu customer, the bcu car loan may be just the type of finance you're looking for.

Compare car loan providers

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1 - 7 of 106
Name Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Variable Rate Special
Variable3 - 7 Years $5,000 - $150,000
Interest Rate (p.a.)
6.24%
to 7.74%
Comp. Rate (p.a.)
7.36%
to 8.85%
Application Fee
$400
Monthly Fee
$8
Monthly Repayment
$630.83
Go to siteMore Info
OurMoneyMarket New Car Loan
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
NRMA New Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
7.29%
to 16.99%
Comp. Rate (p.a.)
8%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$635.67
Go to siteMore Info
Note: Take out a loan for an eligible electric vehicle and receive a 1.5% discount on your personalised interest rate (interest rates start from 5.79% p.a. and comparison rates from 6.49% p.a.)
Stratton Finance New Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
Fixed1 - 7 Years $2,001 - $75,000
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
min.
Monthly Fee
$0
Monthly Repayment
$622.82
Go to siteMore Info
NRMA Used Car Loan
Fixed1 - 7 Years $5,000 - $130,000
Interest Rate (p.a.)
8.49%
to 16.99%
Comp. Rate (p.a.)
9.21%
to 17.77%
Application Fee
$499
Monthly Fee
$0
Monthly Repayment
$647.01
Go to siteMore Info
You'll receive a fixed rate from 8.49% p.a.
Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
Stratton Finance Used Car Loan
Fixed1 - 7 Years $10,000 - $300,000
Interest Rate (p.a.)
6.52%
to 18%
Comp. Rate (p.a.)
6.95%
to 23%
Application Fee
$395
Monthly Fee
$0
Monthly Repayment
$625.27
Go to siteMore Info
You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a.
A used car loan of up to $300,000 with quick approval times and balloon payment options.
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