These home loans offer low costs, coupled with a host of features, giving the best overall value.
7+
Great
These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.
5+
Standard
Usually the home loans would offer above average rates. They may still include some competitive features.
0+
Basic
Higher costs and/or fewer features.
BCU is a member-owned bank that offers a range of home loans for Australian borrowers. Check out the full table of BCU products below or read more about the lender.
Compare BCU home loans for November 2024
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We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
):
What is Finder Score?
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.
Eligibility
The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.
Age. You must be over 18 years of age.
Residency. You should be a resident of Australia.
Employment. You should have a regular source of income.
Documents required
When you apply for a mortgage with BCU you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:
ING. This online bank is part of the global, Dutch financial group of the same name.
Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio
Richard's expertise
Richard has written 552 Finder guides across topics including:
Repay your loan faster and save thousands by finding a lender that will reduce your LMI. To find the right home loan for you, compare different loans today.
Shopping for a home loan.
Have read mixed reviews about BCU and RESI
not sure which will give the best service as well as interest rate. That being the case is it better to go with a broker and which brokers deal with Credit Unions?
What are the pitfalls with borrowing from a credit union?
What happens to my home loan if the Credit Union goes bankrupt or into Administration?
Thank you,
Gill
Finder
ShirleyJanuary 20, 2014Finder
Hi Gill,
Thanks for your comment.
Using a mortgage broker can potentially save you a lot of time and money. Most mortgage brokers deal with a range of credit unions. You may refer to our comparison of mortgage brokers that can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.
You can see that Loan Market compares the highest number of lenders. Be mindful that mortgage brokers work on a commission basis.
A mortgage broker will be able to inform you about what happens if your credit union goes bankrupt and their security – if a financial institution does collapse then the receivers/liquidators generally look to sell the assets to another party.
I hope this helps.
Cheers,
Shirley
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Shopping for a home loan.
Have read mixed reviews about BCU and RESI
not sure which will give the best service as well as interest rate. That being the case is it better to go with a broker and which brokers deal with Credit Unions?
What are the pitfalls with borrowing from a credit union?
What happens to my home loan if the Credit Union goes bankrupt or into Administration?
Thank you,
Gill
Hi Gill,
Thanks for your comment.
Using a mortgage broker can potentially save you a lot of time and money. Most mortgage brokers deal with a range of credit unions. You may refer to our comparison of mortgage brokers that can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.
You can see that Loan Market compares the highest number of lenders. Be mindful that mortgage brokers work on a commission basis.
A mortgage broker will be able to inform you about what happens if your credit union goes bankrupt and their security – if a financial institution does collapse then the receivers/liquidators generally look to sell the assets to another party.
I hope this helps.
Cheers,
Shirley