Finty
LCU

LCU Personal Loan

Variable rate

A personal loan from LCU, with rates from 15.25% a year.

Written byDavid Boyd
Interest rate a year, from
15.25%
Comparison rate, from
15.55%
Establishment fee
Not published
Monthly fee
Not published
Borrow
$2,000 to $50,000

Monthly repayment

$20,000 over 3 years

Apply now

What it would cost

At the lowest published rate of 15.25%. The rate you are offered depends on your circumstances, and the establishment fee is not included.

Monthly repayment
$696
Total repayments
$25,047
Interest
$5,047

Loan details

Rates

Interest rate (a year)
15.25%
Comparison rate (a year)
15.55%
Rate type
Variable
Security
Not published

Limits and fees

Loan amount
$2,000 to $50,000
Loan term
Not published
Establishment fee
Not published
Monthly fee
Not published

How it compares

Against the other personal loans we compare. Typical means the middle half of them.

Comparison rate

15.55%

From 15.55%. A typical loan starts at 10.14%.

Cost of $20,000 over 5 years

$8,706

Interest and fees at its starting rate. Typical is $5,513.

Most you can borrow

$50,000

Typically you can borrow up to $60,000.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 15.25%, so the rate you see is the rate you get.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.

Cons

  • A higher starting rate. Its comparison rate starts at 15.55%, above the typical 10.14%, so it's likely to cost more than most similar loans unless you're offered less.
  • A variable rate. Your repayments can rise if the lender lifts its rate, though they can also fall.

Similar loans

Personal loans from other lenders that start at a similar comparison rate.