Important disclosure

BCU Bank

Car Loan (0-5)

Real Time Rating™

$4k to $75k
1 to 5 years
New or used car
Variable Rate
Interest Rate

5.65%

p.a

Variable

Comparison Rate*

5.93%

p.a

Variable up to 6.51%

Real Time Rating™
Tags
$4k to $75k
1 to 5 years
New or used car
Variable Rate
Interest Rate

5.65%

p.a

Variable

Comparison Rate*

5.93%

p.a

Variable up to 6.51%

Calculate your repayments for this loan

$

Your estimated repayment

$575

based on $30,000 loan amount for 5 years at 5.65%

Promoted car loans

Promoted

Lower Rate

New - Home Owner Special

Real Time Rating™
$5k to $150k
3 to 7 years
Variable Rate
Secured
Interest Rate

5.99%

p.a

Variable

Comparison Rate*

7.11%

p.a

Variable up to 7.13%

Promoted

Secured

Used Car Loan

Real Time Rating™
From $5k
0 to 7 years
Variable Rate
Secured
Interest Rate

10.79%

p.a

Variable

Comparison Rate*

12.15%

p.a

Variable

Promoted

Generic

Used Car Loan (< 5 years)

Real Time Rating™
$5k to $150k
3 to 7 years
Variable Rate
Secured
Interest Rate

7.49%

p.a

Variable

Comparison Rate*

8.60%

p.a

Variable up to 8.62%

Pros and cons

For Car Loan (0-5)

Benefits

  • Interest rates ranked in the best 20%
  • No ongoing fees
  • No early exit penalty
  • Unlimited extra repayments
  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Suitable for both new or used car
  • Approval is instant

Drawbacks

  • Higher than average application fee

BCU Bank Rate Car loan overview

For Car Loan (0-5)

Details

Total repayments

Interest rate type

Variable

Borrowing range

$4k - $75k

Security type

Secured

Loan term

1 to 5 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Age of car

up to 5 years

Target Market Determination

Visit BCU Bank to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

redraw activation fee of $0

Instant approval

Time to funding

N/A

Fees

Upfront Fee

$200

Ongoing Fee

$0

Missed Payment Penalty

$25

Early Exit Penalty Fee

$0

Permitted Loan Purposes

New Car

Used Car

Motorcycle

Boat

Other Restrictions

Must have a bcu Access product to be eligible for this product

Car loans

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