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Bank of Melbourne Unsecured Personal Loan

The details shown below are for a fixed loan between $2,000 and $50,000

The details shown below are for a variable loan between $2,000 and $50,000

Choose the version of this loan that suits you best

  • Loan: $2,000 $50,000

  • Loan: $2,000 $50,000

Interest rate from
11.49% p.a.to 17.40% p.a.
Comparison rate from*
12.57% p.a.to 18.44% p.a.based on $30,000
over 5 years
Upfront fee
$195
Interest rate from
12.99% p.a.to 18.90% p.a.
Comparison rate from*
14.06% p.a.to 19.93% p.a.based on $30,000
over 5 years
Upfront fee
$195

Details

Rates and fees information correct as at 12 July 2020. 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

  • 11.49% p.a.to 17.40% p.a. fixed

  • 12.57% p.a.to 18.44% p.a.based on $30,000
    over 5 years

Fees

  • $195.00

  • $12.00

  • $15.00

  • $0.00

  • $150 within first year or $100 after. Break costs may apply.

Other financial bits

  • $2,000.00

  • $50,000.00

  • 1 Year

  • 5 Years

  • Unsecured

Features

  • Weekly, Fortnightly, Monthly

  • yes

  • no

  • none

  • none

*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 12 July 2020. 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

  • 14.06% p.a.to 19.93% p.a.based on $30,000
    over 5 years

Fees

  • $195.00

  • $12.00

  • $15.00

  • $0.00

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

Other financial bits

  • $2,000.00

  • $50,000.00

  • 1 Year

  • 7 Years

  • Unsecured

Features

  • Weekly, Fortnightly, Monthly

  • yes

  • yes

  • none

  • none

*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
7.2/10

Based on 31 Bank of Melbourne personal loan reviews

Price
6.8/10
Features
6.4/10
Customer service
7.5/10
Convenience
7.3/10
Trust
7.0/10

Latest reviews of Bank of Melbourne Unsecured Personal Loan

  • Overall 8/10
    Good customer service.

    Most of the staff are very helpful.

    Read full review

    Most of the staff are very helpful.

    Price
    5/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    -1/10
    Trust
    8/10
    Less
    Amanda, Victoria reviewed 7 months ago
  • Overall 10/10
    Can't recommend them more highly

    They are great to deal with.

    Read full review

    They are great to deal with.

    Price
    6/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Danny, Victoria reviewed over 4 years ago
  • Overall 10/10
    Awesome

    Awesome

    Read full review

    Awesome

    Price
    9/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Jason, Victoria reviewed about 5 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.

    Read full review

    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
    Less
    Shannan, Victoria reviewed about 5 years ago
  • Overall 7/10
    Competitive features

    I believe this financial instition to be reliable.

    Read full review

    I believe this financial instition to be reliable.

    Price
    9/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Mozo community reviewer, Victoria reviewed over 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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