LCCU’s transparent & fair business loans provide a straightforward way to finance improvements to your business.
Benefits of all LCCU Loans
- Quick & Convenient – once your loan is approved the money can be in your account on the day your loan agreement is signed
- Affordable – interest is only paid on the reducing balance, and there are no penalties for paying your loan back early, in fact you will pay less interest too!
- Fair – you will be treated as an individual and we will assess your ability to repay your loan based on knowing you and not just your credit score
- Flexible – repayments can be tailored to suit your budget and can either be weekly, fortnightly or monthly
- No hidden costs – no set up fees and no early settlement fees
- Free loan protection – as a member of LCCU you will automatically be covered at no cost to you. In the event of your death any outstanding loan balance will be cleared (Terms & Conditions apply),
All business loan applications will be considered on an individual basis and are assessed on your ability to repay the loan. Business loans are charged interest at 1% per month on a reducing balance (12.68% APR).