LCU - New Car Loan Special
Secured | Variable | Vehicles up to 1 year old
The LCU New Car Loan Special offers a Variable rate, Secured loan and a loan repayment term of between 1 and 10 years. It also has a borrowing range of minimum $1,000. The LCU New Car Loan Special has comparison interest rates from 8.33% p.a. and advertised interest rates from 8.05% p.a.
More LCU New Car Loan Special details can be found below or visit LCU to learn more or apply.
An advertised rate of 8.05% p.a. and comparison rate of 8.33% p.a. The loan type will be Secured.
Advertised Rate
8.05% p.a. Variable
Comparison Rate
8.33% p.a.
Loan Term
1 to 10
Borrowing Range
$1,000
Interest
Rate Type
Variable
Advertised Rate
8.05% p.a.
Variable
Comparison Rate
8.33% p.a.
Application Frequency
Monthly
Calculation Frequency
Daily
Loan Security
Loan Security
Secured
Loan Terms
Loan Term
1 to 10
Borrowing Range
$1,000
Repayment
Fortnightly, Weekly, Monthly
Features
Extra Repayments Allowed
Yes
Redraw Available
Yes
Fees
Establishment Fee
$200
one off
Loan Service Fee
$0
per month
Early Repayment Fee
$0
per event
Who is the product designed for?
This product is suitable for retail clients who:
- Require a loan when they are looking to purchase a new motor vehicle including a boat, caravan or motorbike
- Are 18 years of age or more and can meet the credit assessment criteria for the product.
- Are willing to offer a registered security over the loan (or other acceptable security) as security for the loan.
Visit LCU to view Target Market Determination Effective From: 2024-05-01.
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