Loans & Credit
Personal Loans | Home Loans | Car Loans | Wedding Loans | Credit Cards | FAQ
Personal Loans
Amounts
Personal Loans are a fast and easy way to secure credit for amounts that range from $3,000 to $50,000 or more.
Options
There are a range of options including secured, partly secured and unsecured, which means you can get finance with a term and rate that is just right for you. Many members obtain finance from the credit union to buy items such as furniture, boats, recreational vehicles,as well as to pay for a holiday, renovation or to consolidate debt.
PersonalSMART
Optional package available with any personal or car loan over $10,000. Get 1% p.a. off the variable interest rate, no monthly loan fees, waived establishment fee, bonus savings interest, no annual fee on credit and debit cards, insurance and other benefits. Please refer to PersonalSMART brochure for current information and pricing. Annual fee applies.
Home Loans
There is virtually no type of home loan that BDCU can’t do. Just ask us.
Standard Variable
A variable interest rate so you can pay off your loan as fast as you want. Lots of flexibility, features and free re-draw.
Quick Start
A simple home loan with a low ongoing interest rate for the life of the loan. Only pay for the features you use and in return, enjoy a discount variable interest rate.
First Time Buyers
Time to escape the rent trap? We make it easy for people buying a house for the fi rst time, and easy for those who plan to build. There are lots of options so we’ll give you choices that will suit what you plan to do. With a BDCU lender, you’ll get clear and simple explanations, straightforward paperwork, and help getting the first home buyer’s grant if you’re eligible. Gift money may be accepted as part of the deposit.
Fixed Loans
Know what your repayments will be for a term of one,two, three or fi ve years in advance. Weekly, fortnightly or monthy repayments are available and comes with the ability to pay up to $5,000 in advance.
Interest Only (Easy Access)
Our interest-only loan enables you to pay only the interest calculated on your home loan each month and as much of the principal as you choose, if any. This provides extra flexibility for home owners who wish to reduce their commitment, or benefit from tax advantages.
Reverse Mortgage
Members over 60 can borrow a percentage of the value of their home for any purpose. We can source Reverse Mortgage Loans from a number of organisations to suit your needs. There are no regular repayments unless you want to. You and your family retain the benefi ts of growth in the property’s value. Funds can be drawn as a lump sum, monthly instalments, or a combination of both.
HomeSMART
Optional package available with any home loan over $150,000. Get 0.7% p.a. off the variable interest rate, no monthly loan fees, waived establishment fee, bonus savings interest, no annual fee on credit and debit cards, insurance and other benefits. Please refer to HomeSMART brochure for current information and pricing. Annual fee applies.
Request a Home Loan Key Facts Sheet
Car Loans
Which comes first? The money or the car?
If you don’t have all of your money to buy a car up front, we recommend that first you secure a loan for the amount you wish to spend. This way you can take your time to shop for the best car in your price range.
Use the Loan Calculator on our website to work out how much you can comfortably afford to borrow.
The interest rates are different for each of these:
- Brand New Car - a new car can be used to ‘fully secure’ your loan. This means you get the lowest interest rate available for a BDCU car loan.
- Second-hand car less than six years old - you can get a ‘partly secured’ loan. The interest rate is marginally higher than a fully secured loan.
- Second-hand car more than six years old - you can borrow as an ‘unsecured loan’. However, if you have other signifi cant assets, these may be able to secure or partly secure the loan.
Wedding Loans
A wedding should be joyful, not stressful. Given how expensive they can be, that’s not always the case. We’ve devised a package to help you have a beautiful day.
The wedding advance is a personal loan that can be secured,partly secured or unsecured. Tiered interest rates apply.
A wedding loan means you can pay up front and negotiate cost savings on catering, venue, flowers, bridal party clothing, and associated expenses. If you plan to ask your guests for a donation in lieu of a gift, funds can be deposited into your wedding advance to cover some or all of the cost.
Credit Card
We have a no-frills, Visa Credit Card available with:
- low introductory interest rate
- low ongoing interest rate
- no BDCU transaction fees
- low annual fee
- up to 44 days interest-free
- additional cards available
- international acceptance
- 24/7 lost and stolen help desk
- enhanced security with Visa microchip
FAQs
How much can I borrow?
It depends on your income and your other financial commitments. To help you work out how much you can comfortably afford to borrow, use the Loan Calculator
How often can I make repayments?
You can make weekly, fortnightly or monthly repayments.
Do I need to be a member?
You don’t need to be a member to apply for a BDCU loan. If your loan is approved, we will ask you to become a member at that stage. Becoming a member is as easy as opening an account and paying for a shareholding ($10).
How do I Apply?
You can apply:
- in person at any BDCU Advice Centre
- online at www.bdcu.com.au
- over the phone by calling us on 1300 367 500
Important Information
Terms and conditions, fees and charges apply and are available on application or request. Loans and credit cards are subject to standard lending criteria. Loans may change or be withdrawn without notice. For more information about any of these loan accounts and services, please talk to a member service consultant or refer to the following: Loans Interest Rates; and Personal Fees and Charges.
Download the Loans & Credit brochure
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