bcu Secured Freedom Loan
- Interest Rate (p.a.)
- 7.58%
- Comp. Rate (p.a.)
- 8.49%
- Min Loan Amount
- $4,000
Summary
Borrow from $4,000 up to $75,000. Your security has to be more than $5,000 to qualify. Rates are variable and fees apply.
The Freedom personal loan from Bananacoast Credit Union, or bcu, offers loan amounts between $4,000 and $75,000, with terms from 1 to 5 years. This loan is secured. Your asset has to be over $5,000 or more to qualify. Interest rates are variable, which means that your repayments will fluctuate on a monthly basis depending on the market rate. Interest rates start from 7.58% p.a. They also charge an application fee of $250, a monthly fee of $8 and a $25 fee for every redraw.
Details
Product details
| Product Name | bcu Secured Freedom Loan |
| Interest Rate (p.a.) | 7.58% |
| Comp. Rate (p.a.) | 8.49% |
| Interest Rate Type | Variable |
| Min Loan Amount | $4,000 |
| Max. Loan Amount | $75,000 |
| Loan Security | Secured |
Main points to consider about the bcu Freedom personal loan
This loan is secured so you need to attach security with a value of $5,000 or more in order to qualify. You'll receive a variable rate of 7.58% p.a. and you can apply for amounts between $4,000 and $75,000. This loan comes with no fee for early repayment and a redraw facility is available.
Features of the Freedom Personal Loan
The Freedom personal loan offered by bcu has many features, such as:
How to apply for the bcu Freedom personal loan
Click on "Go To Site" and ensure you meet the following requirements before you apply for this loan. They are as follows:
- 18 years or older
- A permanent Australian resident or citizen
- Not have any debts, judgements or undeclared bankruptcy charges against you
Also be prepared to provide:
- Your financial details, such as other income, whether or not you have a mortgage, whether you receive a salary etc.
- Your monthly expenses
The Freedom personal loan offered by bcu is one of many personal loans available to consumers on the market. It's important to do your research before deciding which loan is best for you and your needs.
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Alex Finder
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