bcu
Freedom Loan Unsecured
Whether you're funding a new project around the house or need to cover an unexpected expense, an unsecured personal loan could be the right fit for you.
Personal loansBank updated 23 Sept 2026
At a glance
- Variable
- 9.55% · 9.84% comparison
- Loan size
- $4,000 to $100,000
- Upfront fee
- $200
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | P&I | — | — | 9.55% | 9.84% | Rate available to existing customers.; Rate available for new accounts.; Rate available to new customers. |
§ 02 — Fees · 8
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Notice of Demand Fee | Event | $75 | — | When payment to a personal loan becomes overdue by 46 days. |
| Statement Retrieval > 12 Mths | Event | $2.50 | — | — |
| Collection Agent Administration Fee | Late payment | $100 | 90 days after due | Payable when you are in arrears for more than 90 days and we choose to engage an external collection agent. |
| Late Payment Notification Fee | Late payment | $5 | 11 days after due | When payment to a personal loan becomes overdue by 11 and 30 days. |
| Management Administration Fee | Late payment | $50 | 90 days after due | When payment to a personal loan becomes overdue by more than 90 days. |
| Default Interest Rate | Other | Varies | — | 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 applyi… |
| Statement Retrieval Fee | Replacement | $2.50 | — | Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement. |
| Loan Establishment Fee | Upfront | $200 | — | One off establishment fee. |
§ 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 $100,000
- · Credit eligibilty criteria, terms and conditions, fees and charges apply.
- · You must be or become a BCU Bank member
§ 06 — Run the numbers
Put this product through a calculator
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.