bcu home loan repayment calculator

Thinking about taking out a home loan with bcu? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how bcu home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 3.43 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Flexible repayment options.
  • Interest-only payments available.
  • Discounted interest rates on variable loans.
  • Limited branch access.
  • High standard variable rate.

bcu home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

3.43%

Variable

$600

3.38%

$0
Bananacoast Community Credit Union
More details

3.44%

Variable

$600

3.39%

$0
Bananacoast Community Credit Union
More details

3.40%

Variable

$600

3.44%

$0
Bananacoast Community Credit Union
More details

3.59%

Variable

$600

3.63%

$0
Bananacoast Community Credit Union
More details

3.69%

Variable

$600

3.64%

$0
Bananacoast Community Credit Union
More details

3.65%

Variable

$600

3.69%

$0
Bananacoast Community Credit Union
More details

3.85%

Variable

$600

3.89%

$0
Bananacoast Community Credit Union
More details

3.91%

Variable

$600

3.89%

$0
Bananacoast Community Credit Union
More details

3.90%

Variable

$600

3.95%

$0
Bananacoast Community Credit Union
More details

4.10%

Variable

$600

4.14%

$0
Bananacoast Community Credit Union
More details

4.20%

Variable

$600

4.15%

$0
Bananacoast Community Credit Union
More details

4.15%

Variable

$600

4.20%

$0
Bananacoast Community Credit Union
More details

3.33%

Fixed - 3 years

$600

4.27%

$0
Bananacoast Community Credit Union
More details

3.79%

Fixed - 5 years

$600

4.28%

$0
Bananacoast Community Credit Union
More details

3.43%

Fixed - 3 years

$600

4.29%

$0
Bananacoast Community Credit Union
More details

3.89%

Fixed - 5 years

$600

4.32%

$0
Bananacoast Community Credit Union
More details

3.30%

Fixed - 1 year

$600

4.47%

$0
Bananacoast Community Credit Union
More details

3.40%

Fixed - 1 year

$600

4.48%

$0
Bananacoast Community Credit Union
More details

3.58%

Fixed - 3 years

$600

4.52%

$0
Bananacoast Community Credit Union
More details

4.04%

Fixed - 5 years

$600

4.53%

$0
Bananacoast Community Credit Union
More details

3.68%

Fixed - 3 years

$600

4.54%

$0
Bananacoast Community Credit Union
More details

4.14%

Fixed - 5 years

$600

4.57%

$0
Bananacoast Community Credit Union
More details

4.55%

Variable

$600

4.59%

$0
Bananacoast Community Credit Union
More details

4.61%

Variable

$600

4.60%

$0 annually
Bananacoast Community Credit Union
More details

4.60%

Variable

$600

4.65%

$0
Bananacoast Community Credit Union
More details

3.55%

Fixed - 1 year

$600

4.72%

$0
Bananacoast Community Credit Union
More details

3.65%

Fixed - 1 year

$600

4.73%

$0
Bananacoast Community Credit Union
More details

4.80%

Variable

$600

4.84%

$0
Bananacoast Community Credit Union
More details

4.90%

Variable

$600

4.85%

$0
Bananacoast Community Credit Union
More details

4.85%

Variable

$600

4.90%

$0
Bananacoast Community Credit Union
More details

Bananacoast Community Credit Union customer service

Home loan customers can contact BCU in a variety of ways. There is a general service phone line and customers can also contact the bank online, via email or request a call back from a BCU home loan specialist. For those wanting more immediate contact, they can meet with BCU staff at their branches in New South Wales and Queensland.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat
  • Branch
  • Mobile banking staff

How to Apply

BCU gives potential customers a number of methods of applying for a home loan product. Customers can apply via an online form, by email, mail or fax, or by phone. They can also visit a BCU branch and apply in person. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This may include:

  • Personal identification material.
  • Proof of employment.
  • Proof of income, earnings and assets.
  • Information on expenses, liabilities and other loans.

What is a bad credit home loan?

A bad credit home loan is a mortgage for people with a low credit score. Lenders regard bad credit borrowers as riskier than ‘vanilla’ borrowers, so they tend to charge higher interest rates for bad credit home loans.

If you want a bad credit home loan, you’re more likely to get approved by a small non-bank lender than by a big four bank or another mainstream lender.

Home Loans Frequently Asked Questions

The fine print – what are the eligibility criteria?

This competition is only available to Australian residents who are over 18 and check their home loan interest rate at RateCity. However, you are not required to refinance your home loan or apply for any financial products.

You can still enter if you don’t have a home loan yet – enter how much you plan to borrow and the details of the property you’re considering, and we’ll compare mortgage offers that may suit your needs and estimate how much you could save compared to a loan with an average interest rate. 

How much money can I borrow for a home loan?

How do I refinance my home loan?

Refinancing your home loan can involve a bit of paperwork but if you are moving on to a lower rate, it can save you thousands of dollars in the long-run. The first step is finding another loan on the market that you think will save you money over time or offer features that your current loan does not have. Once you have selected a couple of loans you are interested in, compare them with your current loan to see if you will save money in the long term on interest rates and fees. Remember to factor in any break fees and set up fees when assessing the cost of switching.

Once you have decided on a new loan it is simply a matter of contacting your existing and future lender to get the new loan set up. Beware that some lenders will revert your loan back to a 25 or 30 year term when you refinance which may mean initial lower repayments but may cost you more in the long run.

Mortgage Calculator, Repayments

The money you pay back to your lender at regular intervals. 

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

Is the competition just for home loans? What about personal/car loans and credit cards?

This competition is currently for home loans only.

You may still be able to save money by checking the interest rates, fees, and charges on your personal loan, car loan or credit card – compare your options at RateCity.

But keep your eyes open – we may add options for car loans, personal loans, credit cards and more in the future.

How can I negotiate a better home loan rate?

Negotiating with your bank can seem like a daunting task but if you have been a loyal customer with plenty of equity built up then you hold more power than you think. It’s highly likely your current lender won’t want to let your business go without a fight so if you do your research and find out what other banks are offering new customers you might be able to negotiate a reduction in interest rate, or a reduction in fees with your existing lender.

How can I get a home loan with no deposit?

Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.

Why do I need to enter my contact details?

We ask for your contact details so we can get in touch with you if you are our winner!

We may also use your information to keep you up to date on future RateCity initiatives and news, if you select this option. You can opt out at any time.

If, after checking how much you could save on a lower home loan rate, you choose to get more help from a home lender or mortgage broker, you can choose to let us pass your contact details directly on to this lender or broker so they can contact you.

What is a credit limit?

The maximum amount that can be borrowed from a lender, as per the home loan contract.

What happens to your mortgage when you die?

There is no hard and fast answer to what will happen to your mortgage when you die as it is largely dependent on what you have set out in your mortgage agreement, your will (if you have one), other assets you may have and if you have insurance. If you have co-signed the mortgage with another person that person will become responsible for the remaining debt when you die.

If the mortgage is in your name only the house will be sold by the bank to cover the remaining debt and your nominated air will receive the remaining sum if there is a difference. If there is a turn in the market and the sale of your house won’t cover the remaining debt the case may go to court and the difference may have to be covered by the sale of other assets.  

If you have a life insurance policy your family may be able to use some of the lump sum payment from this to pay down the remaining mortgage debt. Alternatively, your lender may provide some form of mortgage protection that could assist your family in making repayments following your passing.

What is a cooling-off period?

Once a home loan’s contracts are exchanged between the borrower and the lender, a five-day cooling-off period follows, during which the contracts may be cancelled if needed.

When will I know if I’ve been successful?

If your entry is selected as our winner, we’ll notify you in writing within two business days of the draw. Your name will also be published online on the RateCity from 22/05/2020.