Bank of Melbourne Personal Loans

Borrow up to $50,000 for an unsecured loan and $130,000 for a secured loan. Interest rates vary based on type of loan.

4.1 (19 reviews) Write a review
Bank of Melbourne

Key takeaways

  • Bank of Melbourne offers secured personal loans up to $130,000 and unsecured options up to $50,000.
  • Expect a $250 application fee and a $15 monthly fee on their personal loan products.
  • Fixed rates often start from 6.49% p.a. for secured loans with terms from one to seven years.

Compare Bank of Melbourne personal loans

3 of 3 results
Checked 21 September 2026
$
years
Finder Score Interest rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
Bank of Melbourne logo
Finder score
7.3 Great
Bank of Melbourne Fixed Secured Personal Loan
Fixed1 - 7 Years $10,000 - $130,000
Finder score
7.3 Great
Interest Rate (p.a.)
6.49%
to 12.99%
Comp. Rate (p.a.)
7.90%
to 14.34%
Application Fee
$250
Monthly Fee
$15
Monthly Repayment
$941.99
View details
Compare product selection
Bank of Melbourne logo
Finder score
6.2 Standard
Bank of Melbourne Unsecured Variable Rate Personal Loan
Variable1 - 7 Years $2,000 - $50,000
Finder score
6.2 Standard
Interest Rate (p.a.)
7.00%
to 21.99%
Comp. Rate (p.a.)
8.41%
to 23.28%
Application Fee
$250
Monthly Fee
$15
Monthly Repayment
$949.03
View details
Compare product selection
Bank of Melbourne logo
Finder score
5.1 Standard
Bank of Melbourne Unsecured Fixed Rate Personal Loan
Fixed1 - 7 Years $2,000 - $50,000
Finder score
5.1 Standard
Interest Rate (p.a.)
7.00%
to 21.99%
Comp. Rate (p.a.)
8.41%
to 23.28%
Application Fee
$250
Monthly Fee
$15
Monthly Repayment
$949.03
View details
Compare product selection
loading
Showing 3 of 3 results

Need a lower rate on your loan?

Compare now and find a better deal.

Latest deals

How to apply for a Bank of Melbourne personal loan

Applying online is a straightforward process. You'll need to meet general eligibility requirements including:

  • Being at least 18 years of age
  • Being an Australian citizen or a permanent resident of Australia
  • Being in paid employment
You'll need to provide current address details and evidence of employment. Having a good credit history improves your chance of approval. Lenders often have additional requirements, which you'll be told during the application process.

Compare other products from Bank of Melbourne

Sources

More resources on Finder

Get rewarded $$ for switching with Finder Rewards

Find a better deal, save on your bills and get a free gift card. Sign up to be the first to hear about new Finder Rewards.

Ask a question

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, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

2 Responses

    michelle's avatar
    michelleOctober 23, 2014

    Hi was just looking at ways of getting a personal loan and am hoping you may be able to help me…I am receiving centrelink payments of $900pf and have no other source of income…I have a credit card balance owing to the anz of $1100 and various other debts that i am paying off on a weekly/fortnightly basis ranging from payments of $100/$150pf…Ideally i would like to consolidate these debts and was wondering if you could help me…My mother has a 2007 Mitsubishi Sedan valued at $8000 and she is willing to use that as security against my personal loan…Is there anyway you would consider giving me a personal secured loan of $2500/$3000… Look forward to your reply…Thank you very much Stacey….

      Matt Corke's headshotFinder
      MattOctober 23, 2014Finder

      Hi Stacey,

      Thanks for your comment.

      To get more information on institutions that take Centrelink payments, please read through the guide to understand more on how this works.

      Most lenders usually set the minimum borrowing amount at $5,000 so it might be worth your while to head into a branch to discuss your options for consolidation and using cars as security.

      Please let us know how you go, and if we could provide anymore information that might help!

      Thanks
      Matt

More guides on Finder

Go to site