Rates and fees verified as correct at 30 November, 2020. Other information correct at the time of writing. Advertiser disclosure.
|Product||Interest rate from||Comparison rate from||Upfront fee|
|Green Personal Loan (Fixed, Secured)|| |
7.50% p.a.based on $30,000
|Green Personal Loan (Fixed, Unsecured)|| |
13.89% p.a.based on $10,000
|Secured Personal Loan (Fixed)|| |
8.49% p.a.based on $30,000
|Student Secured Personal Loan (Fixed)|| |
6.93% p.a.based on $30,000
|Student Unsecured Personal Loan (Fixed)|| |
9.99% p.a.based on $10,000
|Unsecured Personal Loan (Fixed)|| |
14.89% p.a.based on $10,000
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.
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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.
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:
Mozo users have rated Bendigo Bank personal loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
Interest rate could be lower for personal loan.Read full review
Interest rate could be lower for personal loan.
I could not get a personal loan due to bad credit.Read full review
I could not get a personal loan due to bad credit.