New Car Loan

General Lending Rates

Product Features

• Digital Banking Additional Information: Keep a close eye on the details that matter. Use internet banking or mobile app to view your loan balance, track your interest rate, and maturity date.

• Extra Repayments Additional Information: Extra repayments are allowed on personal loans without additional charges or penalties.

• Npp Enabled Additional Information: Transfer or make payments using our mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.

• Redraw Additional Information: Fee free redraw is available for this personal loan if you're ahead on your repayments.

Product Eligibility

• Min Age - 18.

• Natural Person Additional Information: Member must be a natural person rather than another legal entity.

• Other Additional Information: Credit eligibilty criteria, terms and conditions, fees and charges apply.

• Other Additional Information: You must be or become a BCU Bank member

• Residency Status - Personal Lending Is Not Available For Non-residents..

Bank Fees and Charges

• Statement Retrieval Fee (Event), Amount: 2.50. Additional Information: Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement.

• Statement Retrieval > 12 Mths (Event), Amount: 2.50.

• Loan Establishment Fee (Upfront), Amount: 200.00. Additional Information: One off establishment fee.

• Goods Security Administration Fee (Upfront), Amount: 20.00. Additional Information: Charged per vehicle taken as security.

• Ppsr Search Fee (Upfront), Amount: 3.70. Additional Information: Payable at cost for obtaining a search on the Personal Property Securities Register.

• Ppsr Registration Fee (Upfront), Amount: 11.40. Additional Information: Payable at cost for registering the loan security on the Personal Property Securities Register.

• Late Payment Notification Fee (Event), Amount: 5.00. Additional Information: When payment to a personal loan becomes overdue by 11 and 30 days.

• Notice Of Demand Fee (Event), Amount: 75.00. Additional Information: When payment to a personal loan becomes overdue by 46 days.

• Collection Agent Administration Fee (Event), Amount: 100.00. Additional Information: Payable when you are in arrears for more than 90 days and we choose to engage an external collection agent.

• Management Administration Fee (Event), Amount: 50.00. Additional Information: When payment to a personal loan becomes overdue by more than 90 days.

• Default Interest Rate (Variable), Amount: Not Listed.. Additional Information: A default rate may be charged on any overdue amount if you fail to pay the amount due under the loan contract by its due date. The default rate is 2% per annum above the Annual Percentage Rate applying to the loan account and accrues daily from the due date until payment is made.

 Limitations & Restrictions (Constraints)

• Max Limit of 150000.00 Additional Information: Maximum loan amount is $150,000

• Min Limit of 4000.00 Additional Information: Minimum loan amount is $4,000