Bendigo Bank Unsecured Personal Loan

Last updated:  

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.

From 12.79% (fixed)

Interest Rate (p.a.)


Comparison Rate (p.a.)


Min Loan Amount


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
Loan SecurityUnsecured

Things to consider about the Bendigo Bank Unsecured Personal Loan

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 to 7 years 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.

Personal Loan Offers

Important Information*
Logo for RateSetter Unsecured Personal Loan - 3yr Variable
RateSetter Unsecured Personal Loan - 3yr Variable

You'll receive a variable rate between p.a. and 16.40 p.a. based on your risk profile
A flexible loan with amounts from $2,001 and terms starting from 6 months. Interest and comparison rates calculated for a loan term of 3 years.

Logo for Harmoney Unsecured Personal Loan
Harmoney Unsecured Personal Loan

You'll receive a fixed rate between 6.99% p.a. and 28.69% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.

Logo for NOW FINANCE Personal Loans
NOW FINANCE Personal Loans

You'll receive a fixed rate between 8.95% p.a. and 16.95% p.a. based on your risk profile
Apply for loans from $5,000 and get a dedicated loan manager. No security required. Note: Applicants approved before 31 December 2019 will receive a special offer $200 Coles Gift Card.

Logo for SocietyOne Unsecured Personal Loan
SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.

Ask an expert

To ask a question simply log in via your email or Facebook or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


  1. Default Gravatar
    March 15, 2018

    I have been in casual employment for six months regular income of at least 350.00 per week supplemented by centrelink newstart and would like a personal loan of 4,000 over 2 years would I qualify to apply as I have never had credit before or a credit card and therefore an excellent credit record…

    • AvatarStaff
      March 22, 2018

      Hi Jenn,

      Thanks for your questions.

      You can definitely apply for a personal loan even under centrelink – newstart.

      Here are your options:

      Personal loans. You’re able to apply for personal loans from banks, credit unions and other lenders even when you receive Centrelink. You will have to meet a minimum income requirement and not all types of Centrelink income are accepted. To see what banks will consider you, take a look at the table above.

      Payday loans. These are small, short-term loans that are available to Centrelink applicants as well as those with bad credit. Also referred to as micro loans, you’re normally able to apply for up to $2,000 although sometimes up to $5,000 or more are available.

      For more information, you may view this link:

      You can also calculate your borrowing ability here:

      Hope this helps!

      Best regards,


  2. Default Gravatar
    June 8, 2017

    Can you get a Personal Loan if your only income is Aged Pension?

    • Default Gravatar
      June 8, 2017

      Hi Rebecca!

      Thanks for your comment.

      Absolutely! Some lenders consider Centrelink payments as a form of income. You may want to check your options on this page.

      Click “Go to Site” green button to proceed with your application.

      Please take note that it is subject to lender’s credit approval.

      Hope this helps.


  3. Default Gravatar
    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?

  4. Default Gravatar
    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

    • AvatarStaff
      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.


  5. Default Gravatar
    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.

    • AvatarStaff
      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,


  6. 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

    • AvatarStaff
      June 20, 2016

      Hi Kym.K,

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

      I hope this helps,


  7. Default Gravatar
    June 19, 2016

    I need $8000 will you help me out

    • AvatarStaff
      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,


  8. Default Gravatar
    April 7, 2016

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

    • AvatarStaff
      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,


  9. Default Gravatar
    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.

    • AvatarStaff
      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.



  10. Default Gravatar
    September 2, 2015

    I need a loan to buy a bike

    • AvatarStaff
      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
      August 9, 2016

      I need loan to help with bills

    • AvatarStaff
      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,


Ask a question
Go to site