Bank of Melbourne personal loans

3.7
Based on 32 Bank of Melbourne personal loan product reviews.
Fact Checked

Alongside St.George and BankSA, the Bank of Melbourne falls under the umbrella of big four bank Westpac. Through this lender you’ll enjoy great accessibility with over 100 branches scattered across Victoria and an ATM network that is part of Australia’s largest regional banking network. When it comes to personal loans, the Bank of Melbourne has an unsecured personal loan or a secured loan which requires you to put up your car as security for the loan. 

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more personal loans here.
Last updated 12 December 2024 Important disclosures and comparison rate warning*

Bank of Melbourne personal loans

  • Unsecured Personal Loan

    • Fixed
    Interest rate from
    7.49 % p.a.
    to
    20.59 % p.a.
    Comparison rate from
    8.54 % p.a.
    to
    21.59 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    No Partner link

  • Secured Personal Loan

    • Fixed
    Interest rate from
    6.49 % p.a.
    to
    12.99 % p.a.
    Comparison rate from
    7.69 % p.a.
    to
    14.14 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    No Partner link

  • Unsecured Personal Loan

    • Variable
    Interest rate from
    7.49 % p.a.
    to
    20.59 % p.a.
    Comparison rate from
    8.54 % p.a.
    to
    21.59 % p.a.
    Based on $30,000 over 5 years
    Upfront fee
    $250
    No Partner link

Sign up for rate alerts and news.

Bank of Melbourne personal loan ratings

Overall customer rating for Bank of Melbourne personal loans

3.7
Based on 32 product reviews.

Customer reviews

No one has rated Bank of Melbourne personal loans in the past 24 months - be the first!

  Write a review

Bank of Melbourne products

Personal loan quick links


* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

^See information about the Mozo Experts Choice Personal Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.