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Bank of Melbourne Unsecured Personal Loan

Advertiser disclosure

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
9.99% p.a.to 15.90% p.a.
Comparison rate from
11.08% p.a.to 16.95% 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 8 March 2021. 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

  • 9.99% p.a.to 15.90% p.a. fixed

  • 11.08% p.a.to 16.95% 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

  • Discounted rate available for applications made by 15 April 2021.

  • none

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.

Details

Rates and fees information correct as at 8 March 2021. 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

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.

Customer Reviews

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

Overall
7.3/10
Price
6.8/10
Features
6.5/10
Customer service
7.6/10
Convenience
7.4/10
Trust
7.1/10

Latest reviews of Bank of Melbourne Unsecured Personal Loan

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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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