Bendigo Bank Unsecured Personal Loan

Rates and fees last updated on

Bendigo Bank’s Unsecured Personal Loan offers unlimited additional repayments and no exit fee.

This Unsecured Personal Loan offers a competitive interest rate, and gives you the option of unlimited extra repayments, helping you to pay off your loan sooner. Access to those additional repayments is available through a flexible online redraw facility at zero cost. Find out more about this loan, and if it's right for you, in the review below.

Things to consider about the Bendigo Bank Unsecured Personal Loan

Product NameBendigo Bank Unsecured Personal Loan
Interest Rate (p.a.)From 12.79% (fixed)
Comparison Rate (p.a.)14.89%
Interest Rate TypeFixed
Min Loan Amount$2,000

As this loan is unsecured, you don't need to offer any of your assets as security. The loan comes with a competitive fixed rate so you have set repayments and can enjoy protection against possible fluctuations in the market that could be to your disadvantage. You will need to consider the fees the loan charges, which include a $150 application fee, a monthly fee of $5 and a $20 early repayment fee.

Features of the Bendigo Bank Unsecured Personal Loan

  • Loan terms. You have your choice of loan terms – between 1 and 7 year(s) are available.
  • Loan amount. Apply for a loan $2,000 and above, depending on what you need. The maximum loan amount is determined by the details you provide in your application.
  • Repayment options. You can choose whether you want to repay weekly, fortnightly or monthly.
  • Redraw facility. Access any extra repayments you've made with Bendigo Bank’s free online redraw facility.
  • Additional repayments. Pay whenever and as many times as you want with unlimited additional repayments.
  • Loan fees. This loan includes a $150 application fee, a $100 document preparation fee, a $5 monthly service fee and a $20 early repayment fee.

How to apply for the Bendigo Bank Unsecured Personal Loan

If you're ready to apply for Bendigo Bank's Personal Loan, click "Go to Site" to start your application. To be eligible for a Bendigo Bank Unsecured Personal Loan you need to meet the following requirements:

  • Be over 18 years of age
  • Be an Australian citizen or permanent resident
  • Be in paid employment
  • Have a credit history free of defaults, court judgements or bankruptcies
  • Be applying for the loan for personal purposes
  • Not have more than two people listed on the loan
  • Be listed on the loan as a borrower

If you meet all the above requirements you can start the application. You'll need the following details on hand:

  • Details of your income and employment
  • Information regarding your assets and commitments
  • Your driver's licence number and its expiry date

Make sure you compare your options before submitting your application to ensure this is the right loan for you.

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This page was last modified on 20 June 2016 at 10:05am.

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22 Responses to Bendigo Bank Unsecured Personal Loan

  1. Default Gravatar
    Kat | April 24, 2017

    Do Banks accept New Start Centrelink Payments for a joint application where the other person is working full time and has been in the same job for 8 years or more?

    I can see that some banks etc accept Pension, DSP, Parenting etc but cant see if New Start is acceptable?

  2. Default Gravatar
    kerry | March 31, 2017

    Hello, I work part time permanent 3 days week and have a casual job as well. My yearly income is about $55000 and I receive $7000 transition to retirement each year I pay $400 month for mortgage what would my borrowing capacity be?
    thank you

    • Staff
      Anndy | March 31, 2017

      Hi Kerry,

      Thanks for your question.

      There are many other factors that can affect your borrowing capacity.

      We have a borrowing capacity calculator on this page where you can provide the necessary details and see how much you could possibly borrow.


  3. Default Gravatar
    Karen | October 24, 2016

    I am a stay-at-home mother and have been for the past four and half years. My youngest in going off to school in 2017.
    I am hoping to purchase an online website business and begin a journey working for myself and start bringing in extra income for our family.
    Personally I only have regular FTB income and monthly child support income. I do not have any other loans personally and I own my car outright worth $7000.
    Would it be likely or unlikely that I’d be able to obtain a small loan amount of $4500 through you to start a little business I have in mind? Many creditors won’t seem to assist people starting out who don’t have current employment income as they don’t feel us mother’s will be able to pay it back. I always pay my way and have good referees. I don’t know if I should continue applying or give up for now. Please help.

    • Staff
      Elizabeth | October 24, 2016

      Hi Karen,

      You may have trouble being approved for an unsecured personal loan as a Centrelink applicant if you’re planning on using it for business purposes. You might have more luck applying with a business lender or considering the National Enterprise Incentive Scheme, which offers business loans to current Centrelink recipients.

      I hope this helps,


  4. Default Gravatar
    | June 20, 2016

    I’m on a pension and have never had a loan need a unsecured loan of 9000 will anybody help me out

    • Staff
      Elizabeth | June 20, 2016

      Hi Kym.K,

      You can find out some of your loan options on this page.

      I hope this helps,


  5. Default Gravatar
    kym | June 19, 2016

    I need $8000 will you help me out

    • Staff
      Elizabeth | June 20, 2016

      Hi Kym,

      As long as you meet the minimum requirements you can apply for this loan. You need to:
      Be over 18 years of age
      Be an Australian citizen or permanent resident
      Be in paid employment
      Have a credit history free of defaults, court judgements or bankruptcies
      Be applying for the loan for personal purposes
      Not have more than two people listed on the loan
      Be listed on the loan as a borrower

      You can apply directly on the Bendigo Bank website.

      Hope this helps,


  6. Default Gravatar
    Maree | April 7, 2016

    Can I still borrow money from Bendigo if I don’t have accounts with them?

    • Staff
      Elizabeth | April 7, 2016

      Hi Maree,

      You’re able to apply even if you don’t have an account – you can submit your application directly on the Bendigo Bank website.

      Hope this has helped,


  7. Default Gravatar
    Caterina | November 29, 2015

    I want to borrow $25’000.00. To buy a cabin to put on my daughters land. This way I stop paying rent and can pay the loan off quickly.

    • Staff
      Elizabeth | November 30, 2015

      Hi Caterina,

      If you’re interested in applying for this unsecured personal loan you can do so by heading over to the Bendigo Bank website. You may also be eligible for some small home loan options, which you can find out by speaking to a mortgage broker. Just head to this page and click on the ‘Speak to a mortgage broker’ tab.

      I hope this has helped.



  8. Default Gravatar
    Erica | September 2, 2015

    I need a loan to buy a bike

    • Staff
      Elizabeth | September 3, 2015

      Hi Erica,

      Thanks for your question.

      You’re able to borrow a minimum of $2,000 with this loan – if you’re interested in applying please visit the Bendigo Bank website.



    • Default Gravatar
      Amber | August 9, 2016

      I need loan to help with bills

    • Staff
      Elizabeth | August 11, 2016

      Hi Amber,

      If you’re looking to borrow $2,000 or above for a term of at least one year you can consider a personal loan from Bendigo Bank. However, keep in mind this loan is intended as a longer term loan. You’ll need to meet the eligibility criteria as outlined on the page above and show that you are able to afford the repayments. If you are unsure of your eligibility you should get in touch with Bendigo Bank directly.

      If you are looking for a short-term loan, you can compare your options on this page.

      I hope this helps,


  9. Default Gravatar
    Sandra | November 2, 2014

    I am on a disability pension only and wish to borrow $6000 over 5 years for a car purchase. Is this possible?

    • Staff
      Shirley | November 3, 2014

      Hi Sandra,

      Thanks for your question.

      These type of applications are handled on a case by case basis, so it would be best to get in touch with Bendigo Bank directly over the phone. They’ll take a look how much get from your DSP, and will let you know about your eligibility.

      All the best with everything,

  10. Default Gravatar
    Margaret | September 10, 2014

    I’m on a disability support pension. Can I apply for a personal loan of $10,000 for a short period of 1 month ? Desperately need the money.

    • Staff
      Shirley | September 12, 2014

      Hi Margaret,

      Thanks for your question.

      Your application will be assessed over the next 5 (five) business days. A Bendigo Bank representative will contact you with an answer via e-mail or telephone.

      Hope this helps,

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