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 December 16th, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
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 December 16th, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
Latitude New and Used Car Loan
From 6.99% (fixed)
8.1%
$5,000
1 to 7 years
$10
$295
Finance a range of vehicles including cars, motorbikes, boats and caravans.
Apply online to finance a new or used motor vehicle and receive a response in 90 seconds. You will receive a competitive tailored rate of between 6.99% p.a. to 14.99% p.a.
IMB New Car Loan
5.89% (fixed)
6.24%
$2,000
1 to 7 years
$0
$250
Borrow as little as $2,000 at a competitive fixed rate
Finance a new car up to two years old. Competitive 5.99% p.a. rate available to all approved applicants.
Stratton Finance New Car Loan
From 5.14% (fixed)
5.8%
$18,000
1 to 7 years
$8.90
$457 (for private seller vehicles this fee is $608)
Fixed or variable rates starting from 5.14% p.a.
Apply for up to $100,000 and have up to 7 year(s) to repay. You can use cash or trade in a vehicle to use as a deposit.
Beyond Bank Low Rate Car Loan
From 5.69% (fixed)
5.97%
$25,000
1 to 7 years
$0
$175
Offset your interest with a Car Budget Account.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
RACV New Car Loans
From 5.99% (fixed)
6.55%
$15,000
1 to 7 years
$0
$399
Benefit from 5-hour pre-approval.
A competitive rate car loan from RACV with no monthly fees.
Australian Military Bank Car Loan
From 5.71% (fixed)
6.57%
$1,000
1 to 7 years
$10
from $100 to $500
You'll receive a fixed rate between 5.71% p.a. and 8.66% p.a. based on your personal credit history
A flexible loan to help you finance a car, motorbike or boat up to five years old.
Loans.com.au - New Car Loan
5.44% (fixed)
5.99%
$5,000
3 to 5 years
$0
$400
Optional balloon payment available to reduce your repayments.
A competitive rate car loan suitable for a new cor used car.
Westpac Car Loan
From 8.49% (fixed)
9.67%
$10,000
1 to 7 years
$12
$250
Use a new or used car as security.
A flexible loan thats lets you benefit from a car search tool as well as the option to borrow extra for on-road costs.
St.George Secured Personal Loan - Fixed Rate
From 8.49% (fixed)
9.6%
$3,000
1 to 5 years
$12
$195
You'll receive a fixed rate from 8.49% p.a. based on the value of your car
Get a competitive rate and apply for a larger loan up to $80,000 when you attach a new or used car as security to the loan.
People's Choice CU Car Loan
From 5.64% (fixed)
5.99%
$20,000
1 to 10 years
$0
$250
You'll receive a fixed rate of 5.64% p.a.
A lower interest rate when you're borrowing over $20,000. Benefit from pre-approval and no monthly fees.
IMB Secured Personal Loan
6.89% (fixed)
7.24%
$2,000
1 to 5 years
$0
$250
Secure this loan with a car and use the funds for any purpose.
Competitive 6.89% p.a. rate available to all approved applicants. Loan amounts up to $60,000 available.
MyState Bank Secured Personal Loan
From 7.99% (variable)
8.96%
$10,000
1 to 10 years
$10
$200
Your choice between secured or unsecured.
Apply for a loan up to $75,000 and benefit from loan terms up to 10 years.

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?

Car Loan Offers

Important Information*
Latitude New and Used Car Loan

You'll receive a fixed rate between 6.99% p.a. and 14.99% p.a. based on your risk profile
Apply for a loan from $5,000 to finance a new or used car. Flexible repayments and options to finance a classic car.

Loans.com.au - New Car Loan

You'll receive a fixed rate of 5.44% p.a.
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment.

Stratton Finance New Car Loan

You'll receive a fixed or variable rate depending on the lender you are approved with
Apply for up to $100,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.

Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 5.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Ask an Expert

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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.

    • Default Gravatar
      DanielleJune 28, 2017

      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

    • finder Customer Care
      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

    • finder Customer Care
      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

    • finder Customer Care
      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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