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bcu Special Car Loan

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Application Fee
$250
Interest Rate (p.a.)
5.9% (variable)
Comparison Rate (p.a.)
6.82%
Max Loan Amount
$65,000

Summary

This special 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
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Details

Product details

Product Name bcu Special Car Loan
Interest Rate (p.a.) 5.9%
Comp. Rate (p.a.) 6.82%
Interest Rate Type Variable
Min Loan Amount $5,000
Max Loan Amount $65,000

Main points to consider about the bcu Special Car Loan

This Special Car Loan can be used to finance a car up to five years old. You can apply for between $5,000 and $65,000 and you'll have up to 5 years to repay what you borrow.

The loan offers certain features that make it flexible, such as allowing you to make extra repayments and repay the loan early as well as a fee-free redraw facility. Keep in mind you need to be an existing bcu customer to be eligible for this loan.

Features of the bcu Special Car Loan

  • Variable rate. The loan comes with a variable interest rate of 5.9% p.a.
  • Loan purpose. You need to be using the loan to purchase a car up to five years old.
  • 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: $250
  • Monthly fee: $8 administration fee

How to apply for the bcu Special 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
  • 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

1 - 5 of 106
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Rate Type Application Fee Monthly Fee Monthly Repayment
loans.com.au - New - Variable Rate Special
Variable, 3 - 7 Years, $5,000 - $150,000
loans.com.au - New - Variable Rate Special
6.24% to 7.74%
7.36% to 8.85%
Variable
$400
$8
Monthly Repayment
OurMoneyMarket New Car Loan
Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket New Car Loan
6.57% to 18.99%
7.19% to 21.78%
Fixed
1.5% - 6%
min.
$0
Monthly Repayment
Stratton Finance New Car Loan
Fixed, 1 - 7 Years, $10,000 - $300,000
Stratton Finance New Car Loan
6.52% to 18%
6.95% to 23%
Fixed
$395
$0
Monthly Repayment
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
Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket Used Car Loan - No Vehicle Age Limit
6.57% to 18.99%
7.19% to 21.78%
Fixed
1.5% - 6%
min.
$0
Monthly Repayment
Stratton Finance Used Car Loan
Fixed, 1 - 7 Years, $10,000 - $300,000
Stratton Finance Used Car Loan
6.52% to 18%
6.95% to 23%
Fixed
$395
$0
Monthly Repayment
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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