Bendigo Bank personal loans

Bendigo Bank
Bendigo Bank's overall rating for personal loans

(as rated by the Mozo community)

8.1 / 10

based on 200 reviews

Since its humble beginnings as a credit union in regional Victoria 150 years ago, Bendigo Bank has become a popular pick among Australians looking for an alternative to the big banks. With the environment in mind, Bendigo Bank offers competitive fixed rate loans for “green” purchases and personal loans to help finance other dream buys. Scroll down for the features and benefits of choosing Bendigo Bank as your personal loan provider.

Bendigo Bank offers the following personal loans

Rates and fees verified as correct at 14 July, 2020. Other information correct at the time of writing.

Product Interest rate from Comparison rate from* Upfront fee

6.79% p.a.

7.14% p.a.based on $30,000
over 5 years


11.79% p.a.

12.84% p.a.based on $10,000
over 3 years


7.79% p.a.

8.49% p.a.based on $30,000
over 5 years


6.79% p.a.

6.93% p.a.based on $30,000
over 5 years


9.99% p.a.

9.99% p.a.based on $10,000
over 3 years


12.79% p.a.

14.89% p.a.based on $10,000
over 3 years


*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.

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What personal loans do Bendigo Bank offer?

Secured and unsecured “Green” personal loans:

Dubbed the “Green” Personal Loan, this product is unique because it will only finance environmentally-friendly purchases. Buying a five star rated vehicle, installing solar hot water in your home, or decking your place out with energy saving white goods are all considered worthy reasons to take out a Green Personal Loan. There are two versions of this loan - secured and unsecured. While both have competitive fixed interest rates, if you secure an asset against the loan you’ll receive a much lower rate. Because the interest rate won’t change for the entire loan term, you’ll know what repayments will look like from the get-go. Loan amounts start from $2,000 and are repaid on one to seven year loan terms. Bendigo Bank accepts extra loan repayments with all Green Personal Loans, and you can dip into them via a free redraw facility. If you decide to bring the balance down to zero before the total is due, you’ll only pay a $20 fee. Apart from the initial signup cost, there are no ongoing fees.

Secured and unsecured personal loans:

If you don’t need credit to buy a “green” item, but to pay for a home reno or car instead, consider Bendigo Bank’s secured and unsecured loans. The product features of these loans are identical to the Green version described above. You just pay a little more in interest with a higher rate.

Bendigo Bank personal loan features at a glance

Repayment flexibility: 

It’s easy to pay off your loan with Bendigo Bank as you can pick between weekly, monthly or fortnightly repayments.

Extra repayments: 

With a Bendigo Bank personal loan you can make extra loan repayments at your leisure and without fees.

Free online redraw facility: 

You can dip into additional repayments via Bendigo Bank’s online redraw facility free of charge.

Low rate for green products: 

You’ll be rewarded with a lower interest rate for using your loan to make an environmentally-friendly purchase.

Bendigo Bank customer reviews:

Customer voices count, so if you want to read up on what they’ve been saying about Bendigo Bank, head right over to this customer reviews section.

How do you apply for a Bendigo Bank personal loan?

To take out a loan with Bendigo Bank, just visit one of its many branches, apply over the phone or online. Web applications can be saved and returned at a later date.

To apply for a personal loan with Bendigo Bank you will need:

More helpful personal loan quick links