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With Bendigo Bank’s Secured Personal Loan you can use your existing vehicle to secure your loan. Your asset will serve as a collateral for the loan, enabling the lender to offer a more competitive rate. Interest rates start at 7.79% p.a., with a comparison rate of 8.51% p.a. Fees include an application fee of $150, a document preparation fee of $100, a security processing fee available on application and a monthly fee of $5. If you repay the loan early, you will be charged an early repayment fee of $20.
From 7.79% (fixed)
Interest Rate (p.a.)
8.51%
Comparison Rate (p.a.)
$2,000
Min Loan Amount
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Product Name | Bendigo Bank Secured Personal Loan |
---|---|
Interest Rate (p.a.) | From 7.79% (fixed) |
Comparison Rate (p.a.) | 8.51% |
Interest Rate Type | Fixed |
Min Loan Amount | $2,000 |
Max. Loan Amount | $100,000 |
Loan Security | Secured |
As a Secured Personal Loan, this loan requires you to offer a particular asset such as your car or other property as security. Bendigo Bank's fixed rate interest gives you the benefit of paying the same amount with each instalment, plus this loan offers unlimited additional repayments to help you pay off your loan amount as soon as possible.
To be eligible for Bendigo Bank's Secured Personal Loan, you need to meet the following requirements:
Bendigo Bank's Secured Personal Loan offers a competitive rate and unlimited additional repayments to help you get out of debt sooner. However, make sure to compare your personal loan options before deciding on the right personal loan for your needs.