LCU
New Wheels Car Loan
LCU · pers loans
Provider last updated this product 2026-07-06.
Go to provider
You'll complete your application on
LCU's website. Confirm the rate and fees with them
before applying.
Variable - Principal and Interest - 0 to 5 years old
As published by the lender
- Vehicles - New vehicles
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 8.05% | 8.33% | INVESTMENT | INTEREST ONLY | - | - | calculated daily, paid monthly |
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| EQUIFAX_CREDIT_CHECK | EVENT | $20 | - |
| PPSR_AMENDMENTS | EVENT | $0 | - |
| PPSR_ENQUIRY | EVENT | $3.40 | - |
| PPSR_REGISTER | EVENT | $6.80 | - |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-07-15 | 2026-09-30 (current) | 8.05% | 8.33% |
Published figures as captured daily since 2026-07-15. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- 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
- Flexible repayments. Weekly, fortnightly or monthly
- No ongoing fees No annual, monthly or weekly fees
- Interest calculated daily and applied monthly
- Repayment type Principal and Interest
- Application fee of $200 payable on Funding of your loan
Who can apply
- natural person
- residency status - At least one borrower must be an Australian resident
- min age - 18
- employment status - Income required to service loan. Applicant must meet LCU lending criteria
- otherSecurity. PPSR on fully insured car
- otherShareholder. 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.
- otherEligibility. 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.
- otherMinimum loan term 1 year
- otherMaximum loan term 10 years
Limits
- min limit - 1000.00
- max limit - 75000.00
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-07-06T23:41:06.000+10:00 · Product ID: New_Car_Loan_for_cars_up_to_5_years_old