Personal Loans - Banks & Credit Unions - Bananacoast Community Credit Union (BCU) Personal Loans

Bananacoast Credit Union (BCU) Personal Loan

The Bananacoast Community Credit Union initially started out as a cooperative meant to serve early banana workers in rural Australia during the 1970's. However, since that time, BCU has continuously experienced steady growth such that it now offers a wide range of financial services that it regularly offers to its members who are not necessarily Australian banana growers.

To date, BCU has about 60,000 different business members based in Australia. These include immediate family members who can avail of various BCU services from its 21 different branches scattered all across Australia from remote Port Macquarie up to Gold Coast-based Bundall.

The personal loan offerings of BCU should particularly interest you mainly because you can avail of the loan regardless of who you are ñ a student, a pensioner, or a simple homeowner. A BCU personal loan is quite different from loans being offered in the traditional bank set-up because it carries generally low charges. More importantly, you can make use of the loan for a wide variety of reasons. This can include a holiday travel, buying a brand new car, or securing a new house on mortgage.

The loan, as offered by BCU, comes in two different types. One is the unsecured personal loan which you can apply for without presenting any form of collateral. The second one is the secured variety where collateral is needed. Often, your car or your house is a good collateral when availing of a secured personal loan from BCU. Generally, you should find this particular personal loan variety more acceptable since you have a far greater chance of having your application approved.

As BCU continues to expand, most Australians can now avail of its many services through the Internet. In particular, you can make an online application for a personal loan by simply visiting the official BCU website. Of course, to be eligible for the loan, you should, at the very least, be more than 18 years old and a bona-fide Australian citizen. In addition, you need to make a promise that the loan is for personal use only and not to be used in any business venture.