BCU Bank Unsecured Freedom Personal Loan
- Interest Rate (p.a.)
- 9.30%
- Comp. Rate (p.a.)
- 9.59%
- Min Loan Amount
- $4,000
Summary
This loan comes with a variable rate, allowing you to borrow up to $100,000. Establishment fees and interest charges apply.
With BCU Bank’s Unsecured Freedom Loan, you can borrow between $4,000 up to $100,000, with repayment terms from 1 to 5 years. Loan approvals are fast, taking up to 30 minutes. Interest rates are variable, which means that your repayments could change on a month to month basis. Interest rates start from 9.30% p.a., with a comparison rate of 9.59% p.a. An establishment fee of $200 applies.
Details
Product details
| Product Name | BCU Bank Unsecured Freedom Loan |
| Interest Rate (p.a.) | 9.30% |
| Comp. Rate (p.a.) | 9.59% |
| Interest Rate Type | Variable |
| Min Loan Amount | $4,000 |
| Max. Loan Amount | $100,000 |
| Loan Security | Unsecured |
Main points to consider with the BCU Bank Unsecured Freedom Personal Loan
This is an unsecured personal loan that you can use for a range of purposes, from a large purchase to debt consolidation. You can borrow between $4,000 and $100,000 and you'll have up to 5 years to repay the loan. Repayments are flexible, with both additional and early repayments allowed without penalty. There is also a redraw facility available.
This loan comes with a $200 application fee and $0 monthly fee.
Features of the BCU Bank Unsecured Freedom Personal Loan
- Competitive variable rate. The variable rate for this personal loan is 9.30% p.a. and is variable. It's quite competitive for an unsecured personal loan.
- Loan amounts. The loan is on the smaller side so may not suit all borrowing needs, but you can still apply for up to $100,000.
- Loan terms. You can choose loan terms of between 1 to 5 years.
- Repayment flexibility. You can make extra repayments throughout the loan term without penalty and access these through a redraw facility should you need to. You can also repay the loan early if you want to. There is no penalty for this.
- Fast approval. You can be approved for this loan within 30 minutes.
- Associated fees. There is an initial application fee of $200.
How to apply the BCU Bank unsecured Freedom Personal Loan
To apply for this loan, click the “Go to Site” button on this page. You will be taken to the BCU Bank website where you can learn more about this loan and begin the application process. Before you apply, you must ensure that you meet the following requirements:
- 18 years or older
- A permanent Australian resident or citizen
- No outstanding defaults or judgements
- You are not an undischarged bankrupt
The unsecured Freedom Personal Loan allows you to take advantage of the low rates that BCU Bank has to offer. Before you apply, make sure you compare personal loans to find the one that’s right for you and your circumstances.
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