FCCS Car Loans

Take advantage of a competitive variable rate and a car buying service with a car loan from FCCS Credit Union.

Credit unions operate differently from banks—they are run to benefit members rather than stakeholders. This means that any possible profits are passed on directly to members. Started in 1974 by a group of Ford Motor Company employees, FCCS Credit Union soon developed into a financial institution engaged in mutually beneficial, customer-owned banking.

FCCS offers a range of loans options, insurance products and banking accounts that are designed to benefit its members. If you’re in the market for a car loan and are looking to take advantage of competitive rates, a free redraw facility and a free car buying service, you might want to consider a car loan from FCCS Credit Union.

How do FCCS Car loans compare?

Rates last updated July 21st, 2017
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment Product Description
FCCS Rewards Car Loan
From 7.95% (variable)
8.26%
$5,000
7 years
$195
Purchase a new car and be eligible for $50 cash back if you're successful.

Compare up to 4 providers

Rates last updated July 21st, 2017
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Repayment Product Description
IMB New Car Loan
From 5.99% (fixed)
6.34%
$2,000
1 to 7 years
$250
This fixed rate new car loans up to 2 years old features no early repayment penalties
Loans.com.au - New Car Loan
From 5.44% (fixed)
5.99%
$5,000
3 to 5 years
$400
This car loan is for new cars and offers a low fixed rate and no ongoing fees.
AutoCarLoans
From 5.16% (fixed)
6.64%
$15,000
1 to 7 years
$381.80
AutoCarLoans can match you with a lender on their panel with rates starting from 5.16% p.a.
CUA Secured Fixed Car Loan
From 6.79% (fixed)
6.92%
$5,000
1 to 7 years
$0
A competitive car loan for new or used vehicles up to 7 years old that offers flexible repayment options and no account keeping fees.
Bank Australia Car Loan
From 6.45% (fixed)
6.66%
7 years
$150
A competitive rate and the ability to offset your car’s carbon emissions for the loan term.
RACV New Car Loans
From 6.99% (fixed)
7.54%
$15,000
1 to 7 years
$380
Enjoy this fixed rate new car loan offer from RACV. No ongoing fees.
Greater Bank New Car Loan
From 5.99% (fixed)
6.34%
$5,000
1 to 7 years
$250
A car loan with a competitive interest rate and no monthly or annual fees.
NRMA New Car Loan
From 6.99% (fixed)
7.54%
$15,000
1 to 7 years
$380
Purchase a new car with an NRMA Car Loan with a fixed rate term and no monthly fees. NRMA Members could save 1% on loan rates.
BOQ Car Loan
From 7.39% (fixed)
8.19%
$5,000
1 to 7 years
$195
Apply for a loan from $5,000 and choose between a fixed or variable rate. Get a $100 BP Fuel Card if your application is received by 30 July 2017.
IMB Secured Personal Loan
From 7.39% (fixed)
7.74%
$2,000
1 to 5 years
$250
A secured loan from IMB with flexible repayment features
bcu Car Loan
From 8.94% (variable)
9.85%
$4,000
1 to 5 years
$250
Borrow up to $75,000 for a car up to 7 years old. The Freedom Car Loan from bcu allows you to make extra repayments and access a redraw feature
Latitude Car Loan
From 8.99% (fixed)
10.09%
$5,000
1 to 7 years
$295
A secured loan with a competitive rate that can help you finance new or used vehicles.
Harmoney Peer-to-Peer Car Loan
From 8.99% (fixed)
9.7%
$5,000
3 to 5 years
$500 (Upfront fee)
Get a tailored rate to purchase your car and repay over the next 3-5 years.
IMB Unsecured Personal Loan
From 11.69% (fixed)
13.46%
$2,000
1 to 5 years
$250
An unsecured loan offering from IMB with a competitive interest rate

Compare up to 4 providers

Types of car loans offered by FCCS

  • Rewards Car Loan. This loan offers a competitive variable rate with the purchase of a new car. Loan terms are available up to seven years and for amounts above $5,000. There are also insurance protection options available plus a free car buying service to help you find and purchase your new vehicle.
  • Car Loan. The Car Loan allows borrowers to purchase used cars for amounts above $5,000. This loan is offered at a competitive variable rate for up to seven years and there is also a private fleet car buying service available.

Awards

  • First place in Money Magazine’s Best of the Best awards for the Superfund Maximiser account in 2009, 2010 and 2011

Features and benefits of FCCS car loans

  • Additional repayments. FCCS allows you to make additional repayments, including lump sum payments, that can help you pay off your loan sooner and save money in interest costs.
  • Redraw facility. If you choose to make additional repayments you have the ability to redraw those payments should you need them. This is a flexible feature that may encourage you to make additional repayments.
  • Loan protection insurance available. This insurance can offer you protection against accidents, illness or involuntary unemployment that may prohibit you from making loan repayments as you had planned.
  • Automatic repayments. FCCS’ preferred method of payment is via salary deduction, although the credit union does allow you to make repayments via direct debit from a savings or transaction account.
  • Online application. FCCS lets you apply for its car loans online, with no need to go through a loan interview at a branch. The approval process is relatively quick and simple and can help you get into your car sooner.

What other products does FCCS provide?

  • Loans. As well as car loans, FCCS offers home loans, personal loans, overdrafts and share investment loans.
  • Credit and debit cards. FCCS offers a Redicard that acts as a debit card linked to your transaction account, as well a MyCard Low Rate MasterCard and a MyCard Platinum MasterCard.
  • Insurance. The insurance range includes Home and Contents Insurance, Landlord Insurance, Car Insurance, Boat and Caravan Insurance, Travel Insurance and Loan/Mortgage Protection Insurance.
  • Savings and transaction accounts. You can choose from a range of savings and transaction accounts for people in all financial situations, including kids and seniors. There are also online accounts, term deposits and self-managed super fund (SMSF) savings accounts.

How to apply

You can apply for a car loan online through the FCCS website. You will need to be over the age of 18, have a good credit rating and be a member of FCCS. When you apply, you will need to have the following information handy:

  • A current payslip or letter from your employer outlining your commencement date and salary details
  • Proof of any other income, if applicable
  • If you are self-employed you will need to provide full financial statements and tax assessments for the last two years, and current figures that are no more than three months old
  • Statement for your home loan and any other loans
  • Credit card and store card statements
  • A copy of a recent rental lease or a letter from the owner if you are boarding
  • Information about the car you intend to purchase, including make, model and condition (if it is a pre-owned vehicle)

CUA Secured Fixed Car Loan

A competitive car loan for new or used vehicles up to 7 years old that offers flexible repayment options and no account keeping fees.

Latitude Personal Loan (Secured)

Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.

RACV New Car Loans

Enjoy this fixed rate new car loan offer from RACV. No ongoing fees.

NRMA New Car Loan

Purchase a new car with an NRMA Car Loan with a fixed rate term and no monthly fees. NRMA Members could save 1% on loan rates.

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