Laboratories Credit Union Limited

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Overdrafts

Looking for a cheaper and flexible credit card alternative?

Then why not make use of the LCU overdraft facility? The LCU overdraft facility is designed to allow you to cover those unexpected bills or cheques, and take care of any surprise expenses that might catch you off guard and short of money.

15.90% pa
interest rate

  • Cost-effective
  • Quick approvals

Apply Online Enquire

  How do I apply?
  What documents do I need?

  • 2 current payslips
  • If your pay is not currently deposited to an LCU account, please supply 3 months' of bank statements showing payroll income.
  • Proof and source of other income
  • If self-employed, full financial statements and tax assessments for the last 2 years and current figures no more than 3 months old
  • Statement of your home and/or any other loans
  • Latest 3 months of statements (all pages) for all credit/store cards showing the credit limit
  • Latest 3 months statements (all pages) of all bank accounts
  • Latest 3 months statements (all pages) of any "buy now/pay later" accounts (if applicable)
  • A recent copy of rental lease or if boarding, a letter from the owner
  • Council Rates notice for all properties owned

  Additional information

Rates are subject to change. Please refer to our rates and fees page.


Overdraft
Interest Rate
Variable Interest Rate15.90% pa
Features
Automatic Deposits (salary / account)Yes
Variable and lump sum repaymentsYes
Maximum accessible amount$10,000
Minimum Amount$100 
Loan periodOngoing
RepaymentsWeekly, fortnightly or monthly
Interest chargesCalculated daily, charged monthly
Establishment Fee$0 
Early repayments without penaltyYes