Laboratories Credit Union Limited


New Wheels Car Loan

Our New Wheels Car Loan offers a competitive variable interest rate for cars up to 5 years old. This is a great way to save on near new cars with our special offer.

7.25% pa

7.29% pa

  • No redraw fees
  • No ongoing fees
  • Early repayment options without penalty
  • Variable and lump sum repayments

Apply Online Enquire

  How do I apply?
  What documents do I need?

Evidence of Income:

  • Copy of 2 current pay slips or a letter from your employer stating commencement date and salary details
  • If your pay is not currently deposited to an LCU account, please supply 3 months' of complete bank statements
  • Proof and source of other income
  • If self-employed please provide full financial statements and tax assessments for the last 2 years and current figures no more than 3 months old
  • A copy of a recent rental lease or bank statements showing receipt of rent.

Evidence of Commitments:

  • Statement of your home and/or other loans
  • A copy of a recent rental lease or if boarding, a letter from the owner
  • Latest 3 months' of statements for all credit cards and store cards

  Additional information

Rates are subject to change. Please refer to our rates and fees page.
1Comparison rates are calculated on a secured loan amount of $30,000 over a term of 5 years..
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate..

New Wheels Car Loan
Interest Rates
Variable Interest Rate7.25% pa
Comparison Rate7.29% pa
Redraw FacilityAvailable 
Maximum Amount$50,000
Automatic Deposits (salary / account)Yes
Minimum Amount$1,000 
Loan periodup to 10 years
RepaymentsWeekly, fortnightly or monthly
Early repayments without penaltyYes
Annual Fee$0 
Monthly Fee$0 
Redraw Fee$0