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Bendigo Bank Car Loan

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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.


Application Fee

From 7.79% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)

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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 to 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 . 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 car 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.

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.89% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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  1. Default Gravatar
    February 1, 2019

    If you work 45pf and have a part DSP pension, what are the chances of a car loan?

    • Avatarfinder Customer Care
      February 6, 2019

      Hi Julie,

      Thank you for leaving a question! Car loan with Bendigo Bank would fall under a personal loan.

      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

      You may check directly with Bendigo Bank to discuss your information in detail if you evaluate that all eligibility requirements are met.


  2. Default Gravatar
    August 8, 2018

    How long will a pre-approval take for a car loan?

    • Avatarfinder Customer Care
      August 8, 2018

      Hi Ben,

      Thank you for your comment.

      It may take just a few hours to get pre-approved for a car loan. Pre-approval for a car loan can last from between 30 to 120 days depending on the lender. You can check our guide to car loan pre-approvals to get some tips and see the ins and outs of pre-approved car loans. I hope this helps.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


  3. Default Gravatar
    September 26, 2017

    Hi, I’m just trying to find the best/cheapest interest rate on a loan to consolidate 2 credit cards. Thank you

    • Avatarfinder Customer Care
      September 26, 2017

      Hi Lisa,

      Thanks for your inquiry.

      You can get helpful information on this page and compare your options for consolidating your credit card debt to a personal loan.

      Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.

      Best regards,

  4. Default Gravatar
    June 30, 2017

    Hi, I have had previous bad credit and also on carers and single parent pension, also receiving child support and a private payment via my Bendigo account. I have been rejected via other finance as I fall below the national average. Are there any car loans that can help finance a car loan in this situation?

    • Avatarfinder Customer Care
      July 1, 2017

      Hi Kel,

      Thanks for reaching out to us.

      Please check this page for car loans for single parents. It will give you helpful info and you can compare your options. You can also have a look on this page for bad credit car loans. You may make use of the loan calculator to give you an idea on how much you can borrow. I also suggest going on this page to get helpful tips on how you can improve your credit score.

      Hope this helps.

      Best regards,

  5. Default Gravatar
    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

    • Avatarfinder Customer Care
      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.


  6. Default Gravatar
    June 23, 2016

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

    • Avatarfinder Customer Care
      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,


  7. Default Gravatar
    June 7, 2016

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

    • Avatarfinder Customer Care
      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,


  8. 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

    • Avatarfinder Customer Care
      May 5, 2016

      No problems Julie, glad I could help.


    • Avatarfinder Customer Care
      May 5, 2016

      Hi Julie,

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

      Hope this has helped,


  9. Default Gravatar
    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?

    • Avatarfinder Customer Care
      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.



  10. Default Gravatar
    October 27, 2015

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

    Kind Regards,

    • Avatarfinder Customer Care
      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.



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