8.2/10

Based on 7969 Bendigo Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Bendigo Bank personal loans

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. Bendigo Bank’s Green Personal Loan (Secured) product also won an award in the 2024 Mozo Experts Choice Awards. 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 22 July 2024. Other information correct at the time of writing. Advertiser disclosure.
Product Interest rate from Comparison rate from Upfront fee
Green Personal Loan (Fixed, Secured)

5.49% p.a.

5.84% p.a.based on $30,000
over 5 years

$250.00

Green Personal Loan (Fixed, Unsecured)

7.49% p.a.

8.52% p.a.based on $10,000
over 3 years

$150.00

Secured Personal Loan (Fixed)

7.79% p.a.

8.51% p.a.based on $30,000
over 5 years

$250.00

Student Secured Personal Loan (Fixed)

7.79% p.a.

7.93% p.a.based on $30,000
over 5 years

$100.00

Student Unsecured Personal Loan (Fixed)

9.99% p.a.

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

$0.00

Unsecured Personal Loan (Fixed)

12.79% p.a.

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

$150.00

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.
  • 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.

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:

  • To be over 18 and an Australian resident or citizen
  • To provide details of your income and employment status
  • To disclose details of your assets and financial commitments
  • To provide your Driver's Licence number and expiry date

How are Bendigo Bank personal loans rated?

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.

Icon of personal-loans
Bendigo Bank personal loans customer reviews
Overall
8.0/10
Price
7.3/10
Features
6.9/10
Customer service
8.4/10
Convenience
8.0/10
Trust
8.3/10
Based on 208 Bendigo Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Bendigo Bank personal loan reviews

Bendigo Bank Green Personal Loan (Fixed, Secured)
Overall 9/10
Eco & Budget-Friendly!

As a 20-year-old student working part-time, my budget doesn’t stretch to a Tesla, but my eco-conscious spirit is always looking for ways to contribute positively to the planet. I recycle religiously, choose public transport over driving, support local produce, and my coffee cup is as reusable as my enthusiasm for sustainability. Discovering Bendigo Bank’s Secured Green Personal Loan felt like striking eco-gold. It’s not just a financial product; it’s a statement that aligns with my values. This loan enabled me to invest in a modest, energy-efficient vehicle without the guilt of a hefty carbon footprint or financial strain. The application process was surprisingly straightforward — no endless paperwork forests were harmed! Bendigo’s team understood my student constraints and environmental passion, offering me a plan that’s as green in ethos as it is in repayment. In a nutshell, Bendigo Bank’s green loan is perfect for young environmentalists like myself who want to make a difference while making ends meet. It’s a solid step towards a greener future, both for the planet and my finances

Read full review

As a 20-year-old student working part-time, my budget doesn’t stretch to a Tesla, but my eco-conscious spirit is always looking for ways to contribute positively to the planet. I recycle religiously, choose public transport over driving, support local produce, and my coffee cup is as reusable as my enthusiasm for sustainability. Discovering Bendigo Bank’s Secured Green Personal Loan felt like striking eco-gold. It’s not just a financial product; it’s a statement that aligns with my values. This loan enabled me to invest in a modest, energy-efficient vehicle without the guilt of a hefty carbon footprint or financial strain. The application process was surprisingly straightforward — no endless paperwork forests were harmed! Bendigo’s team understood my student constraints and environmental passion, offering me a plan that’s as green in ethos as it is in repayment. In a nutshell, Bendigo Bank’s green loan is perfect for young environmentalists like myself who want to make a difference while making ends meet. It’s a solid step towards a greener future, both for the planet and my finances

Price
9/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Sylvan, South Australia, reviewed 9 months ago
Bendigo Bank Personal Loan
Overall 10/10
Awesome bank

The Bendigo bank customer service is outstanding I have never had an issue I recommend them to everyone

Read full review

The Bendigo bank customer service is outstanding I have never had an issue I recommend them to everyone

Price
10/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
9/10
Less
Andrew, Victoria, reviewed 11 months ago
Bendigo Bank Personal Loan
Overall 1/10
Refusal of a small unsecured personal loan.

The bank with no heart. We currently have our home loan with Bendigo and are well ahead on repayments. Recently my son needed emergency dental surgery which came with a $4500 price tag. Bendigo Bank denied our application for a personal loan, refused to make a face to face appointment as there was "no point" and gave no explanation for the rejection. They were incredibly rude over the phone and we could not be more disappointed in the whole experience. Fortunately a relative came to the rescue with a loan and a zero interest rate.

Read full review

The bank with no heart. We currently have our home loan with Bendigo and are well ahead on repayments. Recently my son needed emergency dental surgery which came with a $4500 price tag. Bendigo Bank denied our application for a personal loan, refused to make a face to face appointment as there was "no point" and gave no explanation for the rejection. They were incredibly rude over the phone and we could not be more disappointed in the whole experience. Fortunately a relative came to the rescue with a loan and a zero interest rate.

Customer service
1/10
Convenience
8/10
Trust
1/10
Less
Jackie, New South Wales, reviewed about 1 year ago
Bendigo Bank Unsecured Personal Loan
Overall 1/10
Very poor treatment of retirees.

This bank will not provide an unsecured personal loan to retirees who rely on their superannuation for all their living expenses.They claim superannuation is for living purposes. But isn’t paying off a loan a living expense?

Read full review

This bank will not provide an unsecured personal loan to retirees who rely on their superannuation for all their living expenses.They claim superannuation is for living purposes. But isn’t paying off a loan a living expense?

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Aubrey, New South Wales, reviewed about 1 year ago
See all personal loan reviews
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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