Bendigo Bank Car Loans

Compare car loan options from a lender with 150 years of experience.

Bendigo Bank car loans offer competitive interest rates, both secured and unsecured options as well as a car loan that rewards you for buying environmentally friendly products related to your car or home.

How do Bendigo Bank's car loans compare?

Rates last updated November 22nd, 2017
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Monthly Repayment Product Description
Bendigo Bank Secured Car Loan
From 7.79% (fixed)
8.64%
$2,000
1 to 7 years
$5
$150
Perfect for buying a new or used vehicle, or to refinance an existing car loan.

Compare up to 4 providers

Rates last updated November 22nd, 2017
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Monthly Repayment Product Description
IMB Secured Personal Loan
From 7.39% (fixed)
7.74%
$2,000
1 to 5 years
$0
$250
All approved applicants can access this competitive rate and use the loan to finance a range of purposes. Loan amounts up to $60,000 available.
Beyond Bank Low Rate Car Loan
From 5.69% (fixed)
5.97%
$25,000
1 to 7 years
$0
$175
A great rate for cars under 2 years old.
Bank Australia Car Loan
From 6.45% (fixed)
6.66%
$1,000
7 years
$0
$150
A competitive rate and the ability to offset your car’s carbon emissions for the loan term.
bcu Secured Freedom Loan
From 9.08% (variable)
9.99%
$4,000
1 to 5 years
$8
$250
A competitive, secured personal loan that you can use for a variety of purposes.
RACV Personal Loan
From 7.49% (fixed)
8.04%
$5,000
1 to 7 years
$0
$380
You could use this personal loan offer from RACV to help finance a renovation, holiday or project.
Latitude Personal Loan (Secured)
From 12.99% (fixed)
14.2%
$3,000
2 to 7 years
$13
$250 (Loans under $4000 - $140)
Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.
AutoCarLoans
From 5.16% (fixed)
6.64%
$15,000
1 to 7 years
$5
$381.80
AutoCarLoans can match you with a lender from its panel with rates starting from 5.16% p.a. Suitable for vehicles up to 2 years old.
Stratton Finance New Car Loan
From 5.49% (fixed)
6.62%
$18,000
1 to 7 years
$7
$499
Benefit from a car broker with over 25 years experience
Freedom Finance Car Loan
From 5.1% (fixed)
5.94%
$35,000
1 to 5 years
$0
$380
If you meet all the requirements you could get access to a range of lenders to finance a new or used car up to 4 years.
NRMA Used Car Loan
From 6.99% (fixed)
7.54%
$15,000
1 to 7 years
$0
$380
Purchase a used car with an NRMA with a fixed rate term and no monthly fees. NRMA Members could save 1% on loan rates
St.George Secured Personal Loan - Fixed Rate
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$12
$195
Get behind the wheel of your perfect car with a competitive interest rate from St.George. Get an application response within 60 seconds.
Bank of Melbourne Secured Car Loan
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$12
$195
A low rate personal loan from Bank of Melbourne with variable or fixed option.
BankSA Fixed Rate Car Loan
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$12
$195
Apply for a fixed rate car loan from multi-award winning BankSA.
Westpac Car Loan
From 8.49% (fixed)
9.67%
$10,000
1 to 7 years
$12
$0 (On new loan applications before 31st January 2018.)
Apply for a Westpac car loan and enjoy a great interest rate when you purchase a new or used vehicle.
Latitude Car Loan
From 8.99% (fixed)
10.09%
$5,000
1 to 7 years
$10
$295
A secured loan with a competitive rate that can help you finance new or used vehicles.

Compare up to 4 providers

  • Secured Personal Loan. You can purchase a new or used vehicle with this secured loan from Bendigo Bank, or you can refinance an existing car loan. Loan amounts start from $2,000 and as the vehicle is used as security the rate is a competitive fixed rate 7.79% p.a. Loan terms are available from between 1 and 7 years. Even though the loan is fixed you can make unlimited additional repayments and access them through a redraw facility.

Is your car eligible for the Secured Personal Loan?

If you're looking to use your car to guarantee your Bendigo Bank loan it will need to meet a few criteria. It needs to be:

  • More than $2,000
  • A new or used vehicle
  • Refinancing an existing loan

How you can apply

If you're read to apply for this loan you can get your application started online. First, make sure you meet the application criteria listed below:

  • You're over the age of 18
  • You're an Australian citizen or permanent resident
  • You're in paid employment
  • There are no more than two applicants for the loan
  • You're listed on the loan as a borrower
  • There are no payment defaults, court judgements or bankruptcies in your credit history
  • The loan isn't for business or commercial purposes

If you meet this criteria you can proceed with the application. You'll need the following details on hand to apply:

  • Personal details, such as your name and contact information
  • Your driver's licence number and expiry date
  • Your income and employment information
  • Details of your assets and commitments

Bendigo Bank can provide you with a convenient and flexible way to finance your new or used car purchase, but have you compared all your options to ensure it's the right loan for you?

IMB New Car Loan

Borrow up to $75,000 for a new car up to two years old. Competitive 5.99% p.a. rate available to all approved applicants.

Beyond Bank Low Rate Car Loan "Special Offer"

A great rate for cars under 2 years old.

RACV New Car Loans

Enjoy this fixed rate new car loan offer from RACV. No ongoing fees.

Latitude Personal Loan (Secured)

Can be used for whatever purpose: renovating, buying a car, booking a holiday. Funds can be in your account in as little as 24 hours.

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8 Responses

  1. Default Gravatar
    JennyJune 27, 2017

    Can I refinance a car I just purchased 12 hours ago from Maquarie bank (what the car dealer coerced me in to use). I had Bendigo bank loan approved but went with his suggestion…daft move. Is there a cooling off period for me to change banks? I have just received the car.

    • Staff
      DanielleJune 28, 2017Staff

      Hi Jenny,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      You can refinance an auto loan any time you have the opportunity to, even immediately after buying. However I would suggest checking with the bank whether you will be charged a fee for closing your loan. You may refer to this page for more information. You may also seek advice from a car loan broker for additional assistance.

      I hope this helps.

      Cheers,
      Danielle

  2. Default Gravatar
    TajinderJune 16, 2016

    I need car loan for a 2005 model Used car.
    PLease let me know if you can give me car loan and what is the procedure .

    Thanks
    Tajinder

    • Staff
      ElizabethJune 17, 2016Staff

      Hi Tajinder,

      Your eligibility depends on a range of factors, but this loan is available for used cars. Make sure you meet the eligibility criteria (as outlined above) and then you can submit your application directly on the Bendigo Bank website. You’ll need your personal, employment and financial details, as well as details of the vehicle, to apply.

      I hope this helps,

      Elizabeth

  3. Default Gravatar
    MarkJuly 13, 2015

    Can I apply for a car loan on a vehicle that is a 2005 model (10 years old).
    I am existing BB customer.
    Cheers

    • Staff
      ElizabethJuly 15, 2015Staff

      Hi Mark,

      Thanks for your question.

      You’re able to finance both a new and used car with this loan. To apply you’ll need to submit an application on the Bendio Bank website.

      I hope this has helped.

      Thanks,

      Elizabeth

  4. Default Gravatar
    ketJanuary 10, 2014

    a quote for travel insurance

    • Staff
      MarcJanuary 10, 2014Staff

      Hello Ket,
      thanks for the question.

      If you’d like a quote for Bendigo Bank travel insurance you can do so by logging onto the Bendigo Bank site directly. I’ve sent you a link to this page. Alternatively, we also provide the ability to compare and receive quotes for other travel insurance providers.

      I hope this helps,
      Marc.

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