8.2 / 10

based on 7732 Bendigo Bank reviews as rated by Mozo community

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. 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 07 May, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Interest rate from Comparison rate from Upfront fee
Green Personal Loan (Fixed, Secured)

6.79% p.a.

7.50% p.a.based on $30,000
over 5 years

$250

Green Personal Loan (Fixed, Unsecured)

11.79% p.a.

13.89% p.a.based on $10,000
over 3 years

$150

Secured Personal Loan (Fixed)

7.79% p.a.

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

$250

Student Secured Personal Loan (Fixed)

6.79% p.a.

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

$100

Student Unsecured Personal Loan (Fixed)

9.99% p.a.

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

$0

Unsecured Personal Loan (Fixed)

12.79% p.a.

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

$150

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

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:


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
Overall
8.1/10
Price
Features
Customer service
Convenience
Trust

202 Reviews

Recent Bendigo Bank personal loan reviews

Bendigo Bank Personal Loan review
Overall 9/10
Excellent.

Easy to deal with.

Read full review

Easy to deal with.

Features
9/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Bryan, Queensland, reviewed 4 months ago
Bendigo Bank Secured Personal Loan review
Overall 9/10
Easy to do business with

Fast customer service, always easy to get through to someone, easy to use online banking app and reasonable early payout Fees on personal loans.

Read full review

Fast customer service, always easy to get through to someone, easy to use online banking app and reasonable early payout Fees on personal loans.

Price
9/10
Features
6/10
Customer service
9/10
Convenience
8/10
Trust
9/10
Less
Casey, Victoria, reviewed 5 months ago
Bendigo Bank Personal Loan review
Overall 10/10
Great customer service.

Easy to deal with. Local manager is honest.

Read full review

Easy to deal with. Local manager is honest.

Price
8/10
Features
8/10
Customer service
9/10
Convenience
10/10
Trust
10/10
Less
Stephen, Victoria, reviewed over 1 year ago
Bendigo Bank Unsecured Personal Loan review
Overall 10/10
Amazing

Great.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Carla, Victoria, reviewed over 2 years ago

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.

Personal loan quick links