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Bendigo Bank Secured Personal Loan

Borrow from $2,000 up to $100,000 with a secured personal loan. Interest rate charges and fees apply.

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.

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Matt Corke
Last Updated

From 7.79% (fixed)

Interest Rate (p.a.)

8.51%

Comparison Rate (p.a.)

$2,000

Min Loan Amount

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Details

Product NameBendigo Bank Secured Personal Loan
Interest Rate (p.a.)From 7.79% (fixed)
Comparison Rate (p.a.)8.51%
Interest Rate TypeFixed
Min Loan Amount$2,000
Max. Loan Amount$100,000
Loan SecuritySecured

Things to consider about the Bendigo Bank Secured Personal Loan

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.

Features of the Bendigo Bank Secured Personal Loan

  • Loan amount. The minimum amount is $2,000 and the maximum is determined upon application.
  • Loan term. This loan offers a minimum loan term of 1 year and a maximum of 7 years.
  • Competitive interest rate. Pay the same interest rate over the life of your loan, as Bendigo Bank offers a competitive fixed interest rate.
  • Repayments. Flexible repayments allow you to pay weekly, fortnightly or monthly.
  • Redraw facility. Gain access to any additional repayments that you may make with Bendigo Bank's free online redraw facility.
  • Additional repayments. Bendigo Bank allows unlimited additional repayments to help you pay off your debt sooner.
  • Fees. There are some fees associated with obtaining a Secured Personal Loan from Bendigo Bank. These include a $150 application fee, a $100 documentary preparation fee, a $5 monthly service fee and a $20 online repayment fee. There is also a $25 fee if you redraw in branch.

How to apply for the Bendigo Bank Secured Personal Loan

To be eligible for Bendigo Bank's Secured Personal Loan, you need to meet the following requirements:

  • You must be over 18 years of age
  • You must be an Australian citizen or permanent resident
  • You must provide details of your income and employment
  • There cannot be more than two applicants per application
  • You must be listed as the borrower. Bendigo Bank does not accept applications through a guarantor or third party
  • You must have a good credit rating. Your credit history should be free of bankruptcy, payment default or court judgements
  • You must provide details of your assets and commitments
  • You must accept the terms and conditions set out in the loan

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.

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Wisr Secured Car Loan Fixed, 3 - 7 Years, $5,000 - $79,000
Wisr Secured Car Loan
3 - 7 Years, $5,000 - $79,000
6.34%
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A flexible car loan from $5,000 - $79,000 with personalised rates and rewards for strong credit customers.
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loans.com.au - New - Fixed Rate Prime Special Fixed, 3 - 5 Years, $5,000 - $100,000
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3 - 5 Years, $5,000 - $100,000
5.69%
6.24%
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$400
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You'll receive a fixed rate of 5.69% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

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Credit Concierge Car Loan - Prime (Credit Score 800+) Fixed, 1 - 7 Years, $10,000 - $150,000
Credit Concierge Car Loan - Prime (Credit Score 800+)
1 - 7 Years, $10,000 - $150,000
4.99%
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5.9%
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Fixed
$295
$5.50
You'll receive a fixed rate of 4.99% p.a. with a comparison rate of 5.9% p.a.
Must have a high credit score and excellent previous repayment history to qualify. Home ownership or mortgage may assist overcoming a lower credit score in some instances. Lenders individual credit criteria applies and approval is not guaranteed nor is the interest rate finalised until a formal submission for finance is made.
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RACV New Car Loans Fixed, 1 - 7 Years, $5,000 - $150,000
RACV New Car Loans
1 - 7 Years, $5,000 - $150,000
6.99%
7.59%
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$499
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You'll receive a fixed rate from 6.99% 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.
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NRMA New Car Loan Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA New Car Loan
1 - 7 Years, $5,000 - $130,000
6.99%
7.59%
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$499
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You'll receive a fixed rate from 6.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
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Stratton Finance New Car Loan Fixed, 1 - 7 Years, $10,000 - $300,000
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1 - 7 Years, $10,000 - $300,000
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6.98%
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You'll receive a fixed rate from 5.39% p.a. depending on the lender you are approved with.
Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
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OurMoneyMarket Car Loan Fixed, 1 - 7 Years, $2,001 - $75,000
OurMoneyMarket Car Loan
1 - 7 Years, $2,001 - $75,000
6.25%
to 20.99%
6.87%
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1.5% - 6%
min. $250
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You'll receive a fixed interest rate from 6.25% p.a. to p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
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loans.com.au - New - Variable Rate Prime Special Variable, 3 - 5 Years, $5,000 - $100,000
loans.com.au - New - Variable Rate Prime Special
3 - 5 Years, $5,000 - $100,000
4.74%
5.29%
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$400
$0
You'll receive a variable rate of 4.74% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees.

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NRMA Used Car Loan Fixed, 1 - 7 Years, $5,000 - $130,000
NRMA Used Car Loan
1 - 7 Years, $5,000 - $130,000
7.99%
8.6%
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$499
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Finance a used car with NRMA and benefit from a fixed rate term and no monthly fees. Pre-approval available within 5 business hours.
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loans.com.au - Variable Rate Used Car Loan (6 to 7 years) Variable, 3 - 5 Years, $5,000 - $100,000
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5.54%
6.09%
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$400
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You'll get a variable rate of 5.54% p.a.
Borrow up to $100,000 for a used car for 6+ years, with no monthly fee.

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Credit Concierge Car Loan - Mid Prime (Credit Score 500-800) Fixed, 1 - 7 Years, $10,000 - $150,000
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1 - 7 Years, $10,000 - $150,000
5.99%
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6.9%
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$350
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You'll receive a fixed rate of 5.99% p.a. with a comparison rate of 6.9% p.a.
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loans.com.au - Variable Rate Used Car Loan (8+ years) Variable, 3 - 5 Years, $5,000 - $50,000
loans.com.au - Variable Rate Used Car Loan (8+ years)
3 - 5 Years, $5,000 - $50,000
9.44%
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$400
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Borrow up to $50,000 for a used car for 8+ years, with no monthly fee.

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Credit Concierge Car Loan - Sub Prime (Credit Score Below 500) Fixed, 1 - 7 Years, $10,000 - $150,000
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14.99%
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You'll receive a fixed rate of 14.99% p.a. with a comparison rate of 17.99% p.a.
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NAB Personal Loan Unsecured Fixed Fixed, 1 - 7 Years, $5,000 - $55,000
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1 - 7 Years, $5,000 - $55,000
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$10
You'll receive a fixed rate between 6.99% p.a. and p.a. (7.91% p.a. to p.a. comparison rate) based on your risk profile
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Compare up to 4 providers

Personal Loan Offers

Important Information*
Logo for Citi Personal Loan Plus
Citi Personal Loan Plus

You'll receive a variable rate of 8.9% p.a. with a comparison rate of 9.18% p.a. if you're approved.
A credit limit up to $75,000 that you can continue to draw down over terms up to 5 years.

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Logo for OurMoneyMarket Personal Loan
OurMoneyMarket Personal Loan

You'll receive a fixed rate from 6.05% p.a. to 20.99% p.a. based on your risk profile
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Logo for ANZ Fixed Rate Personal Loan
ANZ Fixed Rate Personal Loan

You'll receive a guaranteed rate of 6.49% p.a. with a comparison rate of 7.41% p.a. if you're approved.
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Logo for NAB Personal Loan Unsecured Fixed
NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
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