Bank of Melbourne Unsecured Personal Loan

This product is available in different versions. Pick the right version for you here.

The details shown below are for a fixed loan between $2,000 and $40,000

The details shown below are for a variable loan between $2,000 and $40,000

Choose the version of this loan that suits you best

  • Loan: $2,000 $40,000

  • Loan: $2,000 $40,000

12.99% p.a.to 18.90% p.a.

13.77% p.a.to 19.62% p.a.based on $30,000
over 5 years

$0

Bank of Melbourne Unsecured Personal Loan

12.99% p.a.to 18.90% p.a.

13.77% p.a.to 19.62% p.a.based on $30,000
over 5 years

$0

12.99% p.a.to 18.90% p.a.

13.77% p.a.to 19.62% p.a.based on $30,000
over 5 years

$0

Bank of Melbourne Unsecured Personal Loan

12.99% p.a.to 18.90% p.a.

13.77% p.a.to 19.62% p.a.based on $30,000
over 5 years

$0

Details

Rates and fees information correct as at 23 August 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Fixed

  • 12.99% p.a.to 18.90% p.a. fixed

  • 13.77% p.a.to 19.62% p.a.based on $30,000
    over 5 years

Fees
  • $0.00

  • $12.00

  • $15.00

  • $0.00

  • $150 within first year of term, $100 after.

Other financial bits
  • $2,000.00

  • $40,000.00

  • 1 Year

  • 5 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • Establishment fee of $195 waived for applications completed by 30 September 2019.

*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. WARNING: 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.

Details

Rates and fees information correct as at 23 August 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Variable

  • 12.99% p.a.variable

  • 13.77% p.a.to 19.62% p.a.based on $30,000
    over 5 years

Fees
  • $0.00

  • $12.00

  • $15.00

  • $0.00

  • $150 within first year of term, $100 after.

Other financial bits
  • $2,000.00

  • $40,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features
  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • Establishment fee of $195 waived for applications completed by 30 September 2019.

*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. WARNING: 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.

Customer Reviews

How are Bank of Melbourne personal loans rated by the Mozo community?

Overall customer rating
7.1/10
Price
6.7/10
Features
6.2/10
Customer service
7.3/10
Convenience
7.2/10
Trust
6.9/10

Latest reviews of Bank of Melbourne Unsecured Personal Loan

  • Overall
    10/10
    Can't recommend them more highly

    They are great to deal with.

    They are great to deal with.

    Price
    6/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Danny | Victoria

    reviewed over 3 years ago

  • Overall
    10/10
    Awesome

    Awesome

    Awesome

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Jason | Victoria

    reviewed over 4 years ago

  • Overall
    8/10
    Will always stay with this bank

    Great customer service, not waiting for hours, lovely people to deal with, Australian call centre.

    Great customer service, not waiting for hours, lovely people to deal with, Australian call centre.

    Price
    6/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    5/10

    Shannan | Victoria

    reviewed over 4 years ago

  • Overall
    7/10
    Competitive features

    I believe this financial instition to be reliable.

    I believe this financial instition to be reliable.

    Price
    9/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    8/10

    Name not supplied | Victoria

    reviewed almost 6 years ago

  • Overall
    9/10
    Great customer service

    Not the lowest interest option but customer service and ease of process/administration makes it...

    Not the lowest interest option but customer service and ease of process/administration makes it worthwhile.

    Price
    8/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Name not supplied | Victoria

    reviewed almost 6 years ago

Bank of Melbourne

About Bank of Melbourne

Formerly St.George in Victoria, The Bank of Melbourne provides a banking alternative to customers with its large range of products in home, personal and business banking. Based in Victoria the Bank of Melbourne offers its customers bank accounts, credit cards, term deposits, private banking services, home loans and personal loans.

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$150.00upfront and $10.00/month

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9.54% p.a.

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