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Our Personal Loans

Personal Loans

We will work with you to make your plans a reality. Whether it’s funding a home renovation, taking that much-needed holiday, upgrading to a new car or consolidating existing debt, we will find the best personal loan that meets your needs.

Enquire now

Smiling person sitting in new car overlooking the beach

New Car Loan

Enjoy your adventures with our secured car loan available for cars up to 5 years old and new motorbikes.

6.49% p.a.
Variable rate
6.77% p.a.
Comparison rate

Learn more

Happy and playful couple preparing to paint their house

Freedom Loan Unsecured

With an unsecured bcu personal loan, you’ll be able to pay off your loan fast so you can focus on what’s important.

9.30% p.a.
Variable rate
9.59% p.a.
Comparison rate

Learn more

What will my repayments be?

Use our personal loan repayment calculator to get an estimate of how much your repayments will be.

Get started by entering your loan amount and clicking 'show my repayments'. You can then select your loan type, repayment frequency, and even see how much you could save by making extra repayments over the loan term.

Want to know how much your personal loan payments will be?

Frequently asked questions

An unsecured loan means there is no collateral required as a guarantee against the amount you’re borrowing. This is the opposite of a secured loan, where some form of collateral is required.

For example, our New Car Loan is a secured loan, meaning that the vehicle your purchase will be used as collateral. As the name suggests, our Freedom Loan Unsecured is unsecured and therefore requires no collateral.

You can easily calculate your loan repayments on our secured and unsecured personal loans using our personal loan repayment calculator. For each of our personal loan products, you can adjust loan amounts, interest rates, and loan terms to see what your regular monthly repayment would be. You can also see how much time and interest you will save by making extra repayments.

Our personal loans allow you to borrow up to $75,000.

You can use our Freedom Loan Unsecured for almost any purpose, including:

  • Paying for your next holiday
  • Renovating your home
  • Debt consolidation
  • Starting a home business

Once the money is in your account, you’re free to spend it however you wish.

Your eligibility for being approved for one of our personal loans will depend on whether you meet our lending criteria, which will assess things like your regular income, expenses and credit history. As a responsible lender, bcu wants to ensure that your personal loan is reasonable and affordable based on your financial circumstances. Contact us to find out more.

Which personal loan suits me?

New Car LoanFreedom Loan Unsecured
Maximum term5 years5 years
Minimum loan$4,000$4,000
Maximum loan$150,000$100,000
Redraw available
Must have another product
Applicant must be 18+ years
All rates are variableNew Car LoanFreedom Loan Unsecured
Variable rate6.49% p.a.9.30% p.a.
Comparison rate6.77% p.a. 9.59% p.a.
New Car LoanFreedom Loan Unsecured
Establishment fee$200.00$200.00
Monthly fee$0.00$0.00
Redraw fee$0.00$0.00

Important information

Disclaimers & Conditions of Use

Credit eligibility criteria, terms & conditions, fees & charges apply.

Credit products issued by Police & Nurses Limited (BCU Bank) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Lending criteria, terms & conditions, fees & charges apply. Rates subject to change.

Comparison rate calculated based on $30,000 over a term of 5 years on monthly repayments for secured and unsecured loans. Rates quoted may vary depending on loan purpose and security offered.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.