Freedom Loan Unsecured
Whether you're funding a new project around the house or need to cover an unexpected expense, an unsecured personal loan could be the right fit for you.
- From
- 9.55%
- 9.84% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Rate available to existing customers. · Rate available for new accounts. · Rate available to new customers. | 9.55% | 9.84% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Statement Retrieval Fee Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement. | Replacement | $2.50 |
| Statement Retrieval > 12 Mths | Event | $2.50 |
| Loan Establishment Fee One off establishment fee. | Upfront | $200.00 |
| Late Payment Notification Fee When payment to a personal loan becomes overdue by 11 and 30 days. | Late payment | $5.00 |
| Notice of Demand Fee When payment to a personal loan becomes overdue by 46 days. | Event | $75.00 |
| Management Administration Fee When payment to a personal loan becomes overdue by more than 90 days. | Late payment | $50.00 |
| Collection Agent Administration Fee Payable when you are in arrears for more than 90 days and we choose to engage an external collection agent. |
Features
- Digital banking
- Keep a close eye on the details that matter. Use internet banking or mobile app to view your loan balance, track your interest rate, and maturity date.
- Extra repayments
- Extra repayments are allowed on personal loans without additional charges or penalties.
- Real-time payments (NPP)
- Transfer or make payments using our mobile app or internet banking. Payments made with PayID or using Osko are received in near real-time.
- Redraw facility
- Fee free redraw is available for this personal loan if you're ahead on your repayments.
Eligibility
- Minimum age — 18 years
- Individuals onlyMember must be a natural person rather than another legal entity.
- Credit eligibilty criteria, terms and conditions, fees and charges apply.
- You must be or become a BCU Bank member
- Residency status — Personal Lending is not available for non-residents.
Constraints
- Maximum limit — $100,000.00Maximum loan amount is $100,000
- Minimum limit — $4,000.00Minimum loan amount is $4,000
More Information
Published by BCU Bank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 190 · View on CDR.gov.au