LCU
Used Cars
Variable - Principal and Interest - Cars over 5 years old
Personal loansBank updated 6 July 2026
At a glance
- Variable
- 10.50% · 10.79% comparison
- Loan size
- $1,000 to $50,000
- Upfront fee
- $200
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment · Interest only | — | — | 10.50% | 10.79% | — |
§ 02 — Fees · 5
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| EQUIFAX_CREDIT_CHECK | Event | $20 | — | — |
| PPSR_AMENDMENTS | Event | No fee | — | — |
| PPSR_ENQUIRY | Event | $3.40 | — | — |
| PPSR_REGISTER | Event | $6.80 | — | — |
| LOAN_APPLICATION_FEE | Upfront | $200 | — | — |
§ 03 — Features
RedrawInstant paymentsPayIDDigital bankingUnlimited transactions
- · Additional repayments and early payout. Unlimited additional repayments and early payout options without penalty
- · Automatic repayments. Weekly, fortnightly or monthly
- · No ongoing fees. No annual, monthly or weekly fees
- · Interest calculated daily and applied monthly
- · Automatic repayments can be set up from salary, LCU account, or external account
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: At least one borrower must be an Australian resident
- · Employment: Income required to service loan. Applicant must meet LCU lending criteria
- · Available to individuals
- · Amount $1,000 to $50,000
- · PPSR on fully insured car
- · Shareholder. Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refu…
- · Eligibility. To be eligible to borrow you must be referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or live in the grea…
- · Maximum loan term 10 years
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Laboratories Credit Union under the Consumer Data Right, last changed by them on 6 July 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.