At a glance
- Variable
- 10.85%11.14% comparison
- Loan size
- $2,000 to $75,000
How it compares
This personal loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This personal loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal loanLowest advertised rate, fixed or variable, leaving out car loans | 10.85% | 5.80%Plenti Personal Loan | 7.96%of 68 institutions | 56th lowest of 68 |
| Variable personal loanMoves with the lender's rates | 10.85% | 6.29%Bank of us' RESIDENTIALLY SECURED PERSONAL LOAN | 8.02%of 45 institutions | 34th lowest of 45 |
Rates
The one rate LCU publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment, Interest only | - | - | 10.85% | 11.14% | - |
Fees
One fee published, grouped by when they're charged.
When particular things happen1
- EQUIFAX_CREDIT_CHECK$20
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
Eligibility and 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
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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.