LCUNew Cars
Variable - Principal and Interest - less than 5 years old
Personal loansBank updated 6 July 2026
At a glance
- Variable
- 9.50%9.79% comparison
- Loan size
- $1,000 to $50,000
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 |
|---|---|---|---|---|
| Car loan from a bank or lenderLowest advertised rate, fixed or variable | 9.50% | 5.74%Westpac's Car Loan | 6.99%of 42 institutions | 39th lowest of 42 |
Rates
The one rate LCU publishes for this personal loan.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment, Interest only | - | - | 9.50% | 9.79% | - |
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
- Application fee of $200 payable on Funding of your loan
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 $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
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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.