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Bank of Melbourne car loan reviews

Bank of Melbourne
Bank of Melbourne's overall rating for car loans

(as rated by the Mozo community)

7.3 / 10

based on 21 reviews

Price

Features

Customer service

Convenience

Trust

Featured car loan from Bank of Melbourne

Recent Bank of Melbourne car loan reviews

Bank of Melbourne

Bank of Melbourne Car Loan review

Overall rating   6 / 10

Could look around for better car finance

I find them to be very helpful, but could look around for a better rate.

Full review

I find them to be very helpful, but could look around for a better rate.

    Price   6 / 10

    Features   4 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   0 / 10

Less

Melissa, Queensland, reviewed about 1 year ago

Bank of Melbourne

Bank of Melbourne Secured Personal Loan (Fixed) Secured Personal Loan review

Overall rating   6 / 10

Could look around for better car finance

I find them to be very helpful, but could look around for a better rate.

Full review

I find them to be very helpful, but could look around for a better rate.

    Price   6 / 10

    Features   4 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   0 / 10

Less

Melissa, Victoria, reviewed about 1 year ago

Bank of Melbourne

Bank of Melbourne Unsecured Personal Loan (Fixed) Unsecured Personal Loan review

Overall rating   10 / 10

Excellent service

Bank of Melbourne is the best bank I have dealt with.

Full review

Bank of Melbourne is the best bank I have dealt with.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Gary, Victoria, reviewed over 1 year ago

Bank of Melbourne

Bank of Melbourne Secured Personal Loan (Fixed) Secured Personal Loan review

Overall rating   8 / 10

Interest rate is high

Being a pensioner, they were rather reluctant to approve my loan, but then when combined with pension incomes from my ex-partner, they got the loan approved.

Full review

Being a pensioner, they were rather reluctant to approve my loan, but then when combined with pension incomes from my ex-partner, they got the loan approved.

    Price   3 / 10

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Malcolm, Victoria, reviewed about 2 years ago

Bank of Melbourne

Bank of Melbourne Secured Personal Loan (Fixed) Secured Personal Loan review

Overall rating   10 / 10

Great manageable weekly price

Great percentage, easy weekly payments

Full review

Great percentage, easy weekly payments

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Julie, Victoria, reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Car Loan review

Overall rating   8 / 10

Great customer service

Very professional

Full review

Very professional

    Price   6 / 10

    Features   6 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Adele, Victoria, reviewed over 3 years ago

Bank of Melbourne

Bank of Melbourne Secured Personal Loan (Fixed) Secured Personal Loan review

Overall rating   8 / 10

High interest.

I have my car loan through them, interest rate is high! Can pay more off if you wish.

Full review

I have my car loan through them, interest rate is high! Can pay more off if you wish.

    Price   5 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Lauren, Victoria, reviewed almost 4 years ago

Bank of Melbourne

Bank of Melbourne Car Loan review

Overall rating   5 / 10

Terrible Service

Branch too far away and not many in between. Always have to wait in line.

Full review

Branch too far away and not many in between. Always have to wait in line.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   2 / 10

    Trust   4 / 10

Less

Narelle, Victoria, reviewed almost 4 years ago

Bank of Melbourne

Bank of Melbourne Secured Personal Loan (Fixed) Secured Personal Loan review

Overall rating   10 / 10

Lovely

Yes yes yes! Awesome service, price could be cheaper.

Full review

Yes yes yes! Awesome service, price could be cheaper.

    Price   7 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Helen, Victoria, reviewed almost 4 years ago

Bank of Melbourne

Bank of Melbourne Unsecured Personal Loan (Fixed) Unsecured Personal Loan review

Overall rating   7 / 10

Good customer service

Do not know enough about them to recommend them. Do not deal with them very often as my Commonwealth account is direct debited each week. Once again when I do talk to them it is great to be able to speak to someone who not only speaks English...

Full review

Do not know enough about them to recommend them. Do not deal with them very often as my Commonwealth account is direct debited each week. Once again when I do talk to them it is great to be able to speak to someone who not only speaks English but understands it also. The closest physical branch or ATM is approximately an hour away so it is not convenient to use.

    Price   7 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   3 / 10

    Trust   7 / 10

Less

Toni, Victoria, reviewed over 4 years ago

Bank of Melbourne

Bank of Melbourne Car Loan review

Overall rating   10 / 10

AMAZING

They are amazing

Full review

They are amazing

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Solomon, , reviewed over 4 years ago

Bank of Melbourne

Bank of Melbourne Car Loan review

Overall rating   10 / 10

Good

Easy to deal with, fast response, no fuss, will be back

Full review

Easy to deal with, fast response, no fuss, will be back

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Brad, , reviewed over 4 years ago

Bank of Melbourne

Bank of Melbourne Car Loan review

Overall rating   6 / 10

yeja its ks good very happy.

Good very very good

Full review

Good very very good

    Price   8 / 10

    Features   8 / 10

    Customer service   7 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Tyler, , reviewed over 4 years ago

Bank of Melbourne

Bank of Melbourne Secured Personal Loan (Fixed) Secured Personal Loan review

Overall rating   8 / 10

Extremely satisfied in every aspect

They listened to my personal views and needs and we literally sat down and worked out the best possible outcome for both of us. I must say I came out a winner, I got what I wanted.

Full review

They listened to my personal views and needs and we literally sat down and worked out the best possible outcome for both of us. I must say I came out a winner, I got what I wanted.

    Price   8 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Eufrasia, Victoria, reviewed over 5 years ago

Bank of Melbourne

Bank of Melbourne Car Loan review

Overall rating   7 / 10

Friendly helpful staff. Top effort!

In the 15 years I have banked with Bank of Melbourne we have only had one minor issue. Good track record.

Full review

In the 15 years I have banked with Bank of Melbourne we have only had one minor issue. Good track record.

    Price   6 / 10

    Features   7 / 10

    Customer service   5 / 10

    Convenience   9 / 10

    Trust   7 / 10

Less

Mel, , reviewed over 5 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. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Car loan comparisons on Mozo - rates updated daily

  • People's Choice Credit Union Discounted Personal Car Loan (Cars over $20k, Fixed, Secured)

    People's Choice Credit Union Discounted Personal Car Loan (Cars over $20k, Fixed, Secured)

    • No monthly account fees
    • No penalties for early repayments
    • Flexible loan terms and repayment options

    Interest rate

    5.64% p.a.

    comparison rate*

    5.99% p.a.based on $30,000
    over 5 years

    Fees

    $250.00upfront
    and
    $0.00/month

    Go to site

    More info

    • No monthly account fees
    • No penalties for early repayments
    • Flexible loan terms and repayment options
    • Upfront fees: $250
    • Monthly fee: $0.00
    • Exit fee:
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $0.00
    • Minimum loan amount: $20,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 10 Years
    • Security required: Vehicle
    Overall rating

    8.4

    Based on 65 People's Choice Credit Union car loan reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2018

    Suncorp Car Loan (Fixed, Secured)

    Suncorp Car Loan (Fixed, Secured)

    • No charge for extra repayments
    • Fixed repayments
    • Repay your loan after 12 months without penalty

    Interest rate

    4.99% p.a.

    comparison rate*

    5.59% p.a.based on $30,000
    over 5 years

    Fees

    $175.00upfront
    and
    $5.00/month

    Go to site

    More info

    • No charge for extra repayments
    • Fixed repayments
    • Repay your loan after 12 months without penalty
    • Upfront fees: $175
    • Monthly fee: $5.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $300 if the loan is paid out within 12 months of settlement.
    • Minimum loan amount: $5,000.00
    • Maximum loan amount:
    • Minimum loan term: 1 Year
    • Maximum loan term: 7 Years
    • Security required: Vehicle
    Overall rating

    7.6

    Based on 42 Suncorp car loan reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2018

    loans.com.au New Car Loan (Up to 2 years old, Fixed, Secured)

    loans.com.au New Car Loan (Up to 2 years old, Fixed, Secured)

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available

    Interest rate

    4.99% p.a.to 5.94% p.a.

    comparison rate*

    5.54% p.a.to 6.5% p.a.based on $30,000
    over 5 years

    Fees

    $400.00upfront
    and
    $0.00/month

    Go to site

    More info

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available
    • Upfront fees: $400
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $700.00
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 3 Years
    • Maximum loan term: 5 Years
    • Security required: Vehicle
    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2018

    loans.com.au Clean Green Car Loan (New, Fixed, Secured)

    loans.com.au Clean Green Car Loan (New, Fixed, Secured)

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available

    Interest rate

    4.29% p.a.to 5.24% p.a.

    comparison rate*

    4.83% p.a.to 5.8% p.a.based on $30,000
    over 5 years

    Fees

    $400.00upfront
    and
    $0.00/month

    Go to site

    More info

    • No monthly or ongoing fees
    • Borrow $5K to $100K
    • 3,4,5 year loan term available
    • Upfront fees: $400
    • Monthly fee: $0.00
    • Exit fee: $0.00
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $700.00
    • Minimum loan amount: $5,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 3 Years
    • Maximum loan term: 5 Years
    • Security required: Vehicle
    Need more information?
    Go to site

    More info

  • People's Choice Credit Union Discounted Personal Loan (over 10k, Fixed, Secured)

    People's Choice Credit Union Discounted Personal Loan (over 10k, Fixed, Secured)

    • No monthly account fees
    • No penalties for early repayments
    • Flexible loan terms and repayment options

    Interest rate

    7.99% p.a.

    comparison rate*

    8.35% p.a.based on $30,000
    over 5 years

    Fees

    $250.00upfront
    and
    $0.00/month

    Go to site

    More info

    • No monthly account fees
    • No penalties for early repayments
    • Flexible loan terms and repayment options
    • Upfront fees: $250
    • Monthly fee: $0.00
    • Exit fee:
    • Repayment options: Weekly, Fortnightly, Monthly
    • Early repayment penalty: $0.00
    • Minimum loan amount: $10,000.00
    • Maximum loan amount: $100,000.00
    • Minimum loan term: 1 Year
    • Maximum loan term: 10 Years
    • Security required: Vehicle
    Overall rating

    8.4

    Based on 65 People's Choice Credit Union car loan reviews

    Need more information?
    Go to site

    More info

*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.

Want more? Compare all 198 car loans in the Mozo comparison engine.

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*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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