Personal Loan
Variable - Principal and Interest
- From (investment)
- 15.25%
- 15.55% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 15.25% | 15.55% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| EQUIFAX_CREDIT_CHECK | Event | $20.00 |
Features
- Redraw facility
- Unlimited transactions
- Digital wallet — Use Internet Banking and/or the LCU - Banking App to access your account
- Real-time payments (NPP)
- PayID
- Notifications — SMS/Email Alerts - Set up SMS or email alerts for credits, debits, logins to your account and more
- Additional repayments and early payout. Unlimited additional repayments and early payout options without penalty
- Automatic repayments. Can be set up from salary, LCU account, or external account
Eligibility
- Individuals only
- Residency status — At least one borrower must be an Australian resident
- Minimum age — 18 years
- Employment status — Income required to service loan. Applicant must meet LCU lending criteria
- Security may be required
- Shareholder. Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you choose to close your account.
- Eligibility. To be eligible to borrow you must be referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or live in the greater Ryde area; have an association with Riverside Corporate or Macquarie Park; or work in a STEM industry.
- Minimum loan term 1 year
- Maximum loan term 7 years
Constraints
- Minimum limit — $2,000.00
- Maximum limit — $50,000.00
More Information
Published by Laboratories Credit Union under the Consumer Data Right · Last updated 6 July 2026 · Product ID Personal_Loan · View on CDR.gov.au · View Source Data (JSON)