Our Credit Union Car Loans come with some great benefits...
- Variable and lump sum repayments
- Early repayment without penalty
- Redraw facility (excludes No Frills Car Loan)
- No monthly account keeping/service fees
- Loan repayment insurance available
- Automatic repayments (salary/account)
- No loan interview
No application fee
Some institutions charge a fee upon application. We don't. ^
Variable and lump sum repayments
By contributing any extra income to your loan, in addition to your usual repayments, you are able to pay off your loan sooner and therefore you could save thousands of dollars in interest costs. ^
Early repayment without penalty
The earlier you pay off your loan the more money you save in interest charges. Some institutions charge a fee to help recover their lost interest. However, we don't charge for this service. ^
Redraw facility
The Credit Union gives you the option of making extra repayments on your loan and then having the flexibility of being able to redraw on these extra repayments (this facility is not available for the No Frills Car Loan). Terms and conditions are available on application. ^
No monthly account keeping/service fees
Unlike some other institutions, we do not charge any account keeping or service fees on our loan accounts, saving you money. ^
Loan repayment insurance available
Loans are long term commitments, so it makes sense to protect your repayments. Learn more about our Loan Repayment Insurance. ^
Automatic repayments (salary/account)
Our preferred method is via automatic payroll deduction. However you can arrange to make your loan repayments by direct debit from your savings or transaction account with LCU or another financial institution. Learn more about these repayment methods. ^
No loan interview
Submitting a loan application couldn't be simpler. You can apply online today and receive fast approval. No need to visit the branch for a loan interview. ^
More Information
- See the answers to common FAQs about our Car Loans
- Use one of our Loan Calculators to work out which loan is right for you
Apply
Apply for a Car Loan 
Questions?
If you have any questions, please give us a call 
