The Finance Algorithm
bcu

New Car Loan

Get a step closer to your dream car with a car loan from BCU Bank. Available for new and used cars with redraw, flexible terms and the ability to pay out early with no additional fees.

Personal loansBank updated 23 Sept 2026
At a glance
Variable
6.74% · 7.05% comparison
Loan size
$4,000 to $150,000
Upfront fee
$235.10
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
VariableP&I6.74%7.05%Rate available to existing customers.; Rate available for new accounts.; Rate available to new customers.
§ 02 — Fees · 11
FeeTypeAmountWhenNotes
Notice of Demand FeeEvent$75When payment to a personal loan becomes overdue by 46 days.
Statement Retrieval > 12 MthsEvent$2.50
Collection Agent Administration FeeLate payment$10090 days after duePayable when you are in arrears for more than 90 days and we choose to engage an external collection agent.
Late Payment Notification FeeLate payment$511 days after dueWhen payment to a personal loan becomes overdue by 11 and 30 days.
Management Administration FeeLate payment$5090 days after dueWhen payment to a personal loan becomes overdue by more than 90 days.
Default Interest RateOtherVariesA 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 applyi…
Statement Retrieval FeeReplacement$2.50Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement.
Goods Security Administration FeeUpfront$20Charged per vehicle taken as security.
Loan Establishment FeeUpfront$200One off establishment fee.
PPSR Registration FeeUpfront$11.40Payable at cost for registering the loan security on the Personal Property Securities Register.
PPSR Search FeeUpfront$3.70Payable at cost for obtaining a search on the Personal Property Securities Register.
§ 03 — Features
RedrawExtra repaymentsInstant paymentsDigital banking
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: Personal Lending is not available for non-residents.
  • · Available to individuals
  • · Amount $4,000 to $150,000
  • · Credit eligibilty criteria, terms and conditions, fees and charges apply.
  • · You must be or become a BCU Bank member

Published by BCU Bank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.