At a glance
- Variable
- 10.85% · 11.14% comparison
- Loan size
- $2,000 to $75,000
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment · Interest only | — | — | 10.85% | 11.14% | — |
§ 02 — Fees · 1
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| EQUIFAX_CREDIT_CHECK | Event | $20 | — | — |
§ 03 — Features
RedrawInstant paymentsPayIDDigital bankingUnlimited transactions
- · Additional repayments and early payout Unlimited additional repayments and early payout options without penalty
- · Automatic repayments can be set up from salary, LCU account, or external account
- · Flexible repayments. Weekly, fortnightly or monthly
- · No ongoing fees. No annual, monthly or weekly fees
- · Interest calculated daily and applied monthly
- · Repayment type Principal and Interest
§ 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 $2,000 to $75,000
- · Must own or be paying off your own home
- · 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 1 Apr 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.