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 May 22nd, 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 May 22nd, 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
Stratton Finance New Car Loan
From 5.29% (fixed)
6.56%
$18,000
1 to 10 years
$8.90
$459.20
Apply for up to $100,000 and have up to 10 year(s) to repay. You can use cash or trade in a vehicle to use as a deposit.
RACV New Car Loans
From 5.99% (fixed)
6.53%
$15,000
1 to 7 years
$0
$380
A competitive rate car loan from RACV with no monthly fees and 5-hour loan approval.
Beyond Bank Low Rate Car Loan
From 5.69% (fixed)
5.97%
$25,000
1 to 7 years
$0
$175
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
MyState Secured Personal Loan
From 7.99% (variable)
8.96%
$10,000
1 to 10 years
$10
$200
Apply for a loan up to $75,000 and benefit from loan terms up to 10 years. Your choice between secured or unsecured.
Heritage Bank Car Loan
From 8.99% (fixed)
9.62%
$5,000
1 to 7 years
$5
$200
Apply for up to $100,000 to finance a new or used car at a competitive fixed rate.
Westpac Car Loan
8.49% (fixed)
9.67%
$10,000
1 to 7 years
$12
$250
Finance a new or used car and benefit from great features for car buyers including a car search tool and the option to borrow extra for on-road costs. Borrow funds to purchase a new or used car before 28 June 2018 and receive a $200 fuel voucher.

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*
Stratton Finance New Car Loan

Apply for up to $100,000 and have up to 10 year(s) to repay. You can use cash or trade in a vehicle to use as a deposit.

Beyond Bank Low Rate Car Loan "Special Offer"

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

A competitive rate car loan from RACV with no monthly fees and 5-hour loan approval.

Heritage Bank Car Loan

Apply for up to $100,000 to finance a new or used car at a competitive fixed rate.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

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.

Ask a question
Go to site