Bendigo Bank Car Loan

Enjoy flexibility with a personal loan from Bendigo Bank. Offering a competitive fixed rate, this loan is the best way to pay for what you want without spending what you need.

If you don't have the money for a car right now a personal loan can be a good option to finance your vehicle. Personal loans come in both secured and unsecured loan types, each of which have their own strengths and weaknesses and which can suit different borrowers. Bendigo Bank has a secured personal loan option which is designed for people looking at purchasing a new or used vehicle, or using an existing vehicle as security to finance something else.

Product NameBendigo Bank Secured Car Loan
Interest Rate (p.a.)From 7.79% (fixed)
Comparison Rate (p.a.)8.64%
Interest Rate TypeFixed
Min Loan Amount$2,000

The product offers you a competitive fixed interest rate so you can plan your repayments without the worry of rising interest rates and offers both secure and unsecured options to suit your financial situation.


There are a number of features found in Bendigo Bank's Secured Personal Loan which make it an attractive choice for people looking at financing a vehicle purchase. These features include:

  • Flexibility. Choose weekly, monthly or fortnightly repayments. This means you can tailor your repayments to suit your financial situation. If you work off a monthly budget, then you can opt to make your repayments each month for example.
  • Repayment options. You can make unlimited additional repayments with this loan. If your financial circumstances change for better or worse you can change your repayments so they suit your needs.
  • Ability to redraw. This loan lets you access additional repayments using a free online redraw facility. This is a great option which let's you get access to extra cash when you really need it and it also has the added convenience of the online access.
  • Choice. Choose your loan terms between 1 and 7 years with this loan. You can choose the term of the loan to fit how much your loan is and what you can budget for.
  • Value. With this loan you'll get a competitive fixed interest rate with a minimum loan amount of $2,000. Take out the loan you need and be confident with a competitive fixed rate.

How does a secured car loan from Bendigo Bank work?

Bendigo Bank offers both secured and unsecured options for personal loans. A secured personal loan is where you offer an asset as security in case of a default. In the case of a default on your loan the lender will repossess the asset. The interest rates for secured loans are lower because it is considered less of a risk for the lender. Take a look at the loan options offered by Bendigo Bank below.


Some of these fees are mandatory, like the application fee, but others like the 'in branch redraw fee' can be avoided. Make sure you are familiar with all fees and charges before applying for a personal loan because you might save yourself some money.

  • Application fee of $150
  • Document preparation fee of $100
  • Security registration fee (at the rate applicable in your state)
  • Monthly service fee- $5
  • In branch redraw fee- $25
  • Early repayment fee- $20
  • Statutory fees and charges may apply


To be eligible to apply for a Bendigo Bank personal loan you must:

  • Be over 18 years of age
  • Be an Australian citizen or permanent resident
  • Be in paid employment (subject to Bendigo Bank's lending criteria)
  • Have a good credit history
  • Use the loan only for personal purposes

How to apply

To apply for a personal loan with Bendigo Bank you need to fill out an online application. In order to complete the application you will need details of your income and employment, details of assets and commitments and also your driver's licence number and expiry date.

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26 Responses to Bendigo Bank Car Loan

  1. Default Gravatar
    Quinn | February 9, 2017

    Hey how’s it going,
    I’m just wondering where it states that (must be in paid employment) or subject to Bendigo banks lending criteria.
    I’m a full time carer on a centerlink payment is that considered as paid employment?
    Hope someone can let me know

    • Staff
      Anndy | February 10, 2017

      Hi Quinn,

      Thanks for reaching out.

      Bendigo Bank generally accepts Centrelink benefits as income, but the approval of your loan is subject to other eligibility criteria.

      You may also check this page for other banks and lenders that offer loans to those receiving Centrelink benefits.


  2. Default Gravatar
    Emma | June 23, 2016

    How long does it take for Bendigo Bank to approve or reject a personal loan?

    • Staff
      Elizabeth | June 23, 2016

      Hi Emma.

      This differs with each application but it can take a couple of days. Once you submit your application you can call up and check on its progress if you want to find out how it’s going.

      I hope this helps,


  3. Default Gravatar
    Jess | June 7, 2016

    Hi there, does the Bendigo Bank secured car loan have a minimum age requirement of the car (like some lenders)?

    • Staff
      Elizabeth | June 8, 2016

      Hi Jess,

      There is no set minimum age requirement that Bendigo Bank sets. When you apply you’ll need to note on your application if you’re only borrowing to purchase the car or if there is a secondary loan purpose, that is, if the loan amount will cover the full cost of the vehicle. Bendigo Bank will then review your application using the details you provide, including whether the vehicle is new or used.

      Hope this helps,


  4. Default Gravatar
    | May 3, 2016

    I am not after a cr loan , hat secured loan company’s offer such loans if possible please

    • Default Gravatar
      | May 5, 2016

      Hi, Julie again. No not a question but a great THANKYOU for all of the information you have provided me with. I am most grateful Julie

    • Staff
      Elizabeth | May 5, 2016

      No problems Julie, glad I could help.


    • Staff
      Elizabeth | May 5, 2016

      Hi Julie,

      You can find a range of secured personal loans on this page.

      Hope this has helped,


  5. Default Gravatar
    Bb | January 27, 2016

    Your criteria states a good credit rating
    My score is only average at 593 but I have no defaults in my credit history. Would I be eligible to apply for a secured loan?

    • Staff
      Elizabeth | January 28, 2016

      Hi BB,

      As long as your credit history is free of payment default, court judgements or bankruptcy and you can afford the loan then you may be eligible to apply.

      I hope this has helped.



  6. Default Gravatar
    JJ | October 27, 2015

    How long must you be employed to qualify for a secured and/or unsecured loan of $23,000?

    Kind Regards,

    • Staff
      Elizabeth | October 27, 2015

      Hi JJ,

      Thanks for your question.

      Bendigo Bank has minimum criteria that just requires you to be employed – it is subject to its individual lending criteria as to whether the time you’ve been employed is sufficient enough to grant you the loan. Bendigo Bank will also consider your income, debts, assets and other financial commitments when considering you for a loan.

      If you have further questions regarding your eligibility you will need to get in touch with Bendigo Bank directly.

      I hope this information has been of use.



  7. Default Gravatar
    Max | July 30, 2015

    Will Bendigo Bank consider DSP as sufficient income to sustain a car loan up to $15,000?

    • Staff
      Elizabeth | July 31, 2015

      Hi Max,

      Thanks for your question.

      Unfortunately to be eligible for this loan you need to be in paid employment. You can find out more of your loan options while receiving Centrelink on this page.

      I hope this has helped.



  8. Default Gravatar
    Mark | July 2, 2015

    What’s my chances of getting a secured personal loan when I haven’t got much money in a my bank. I bank when bendigo bank and make around 50,000 per year

    • Staff
      Elizabeth | July 3, 2015

      Hi Mark,

      Thanks for your question.

      Bendigo Bank will use a variety of criteria to determine your eligibility for a loan. The criteria include that you’re over the age of 18, a permanent resident or citizen, in paid employment, have a good credit history and are looking to use the loan for personal purposes. If you meet this criteria you are eligible to apply, and Bendigo Bank will look at your financial circumstances to see if you will be able to afford the repayments.

      I hope this has helped.



  9. Default Gravatar
    Trevor | May 24, 2015

    Repayments on a secured loan for 50,000 over 5 years.

    • Staff
      Elizabeth | May 25, 2015

      Hi Trevor,

      Thanks for your question.

      You can use the personal loan calculators on this page to work out your repayments.

      I hope this has helped.



  10. Default Gravatar
    Issac | May 22, 2015

    Hello my name is Isaac I’m just wondering if I could get a loan of 3000 for a deposit for a car I’m on the pension and I need of a car thanks hope to hear from you soon thanks Isaac.

    • Staff
      Elizabeth | May 22, 2015

      Hi Isaac,

      Thanks for your question.

      Just to clarify you’ve come through to, not Bendigo Bank. To qualify for this loan you need to be in paid employment, so you may not be eligible. To find out about loans you might be eligible for on the pension, please see this page.

      I hope this has helped.



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