In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Bendigo Bank Secured Green Personal Loan

  • Richard Fairbairn's headshot

Summary

A green loan for your green car. Interest charges and fees apply.

Bendigo Bank’s Secured Green Loan is designed for the purchase of ‘A’ rated vehicles emitting less than 110g of carbon dioxide per kilometer. The loan comes with a fixed interest rate of 5.49% p.a. You will also be charged application fees, document preparation fees, security processing fees and a monthly service fee.

In this guide

  • Review
  • Details
    • Product details
  • Your reviews
  • Ask a question

Details

Product details

Product Name Bendigo Bank Secured Green Personal Loan
Interest Rate (p.a.) 5.49%
Comp. Rate (p.a.) 5.84%
Interest Rate Type Fixed
Min Loan Amount $2,000
Max. Loan Amount $100,000
Loan Security Secured

How does the Bendigo Bank Secured Green Personal Loan work?

Bendigo Bank's Secured Green Personal Loan can be used to purchase 'A' rate vehicles emitting less than 110g of carbon dioxide per kilometre. It can also be used to finance green home improvements such as solar panels if secured against your existing vehicle. This is a fixed rate loan, meaning that your interest repayments will remain consistent throughout the lifetime of your loan. The minimum loan amount is 5.49% p.a., and the loan comes with a term of 1 - 7 years.

What features does the Bendigo Bank Secured Green Personal Loan offer?

  • Fixed interest rate. Your rate is fixed at 5.49% p.a., with a comparison rate of 5.84% p.a.
  • Green car loan. Suitable for purchases of green cars, 'A' rate vehicles with emissions less than 110g of carbon dioxide per kilometre.
  • Varying loan term. Between 1 and 7 years.
  • Flexible repayments. You can choose between weekly, fortnightly and monthly repayments.
  • Unlimited additional repayments. Make as many additional repayments as you want.
  • Free online redraw. You won't be charged for the redraw facility.

How much does the Bendigo Bank Secured Green Personal Loan cost?

There are several costs associated with Bendigo Bank's Secured Green Personal Loan. These include:

  • Fixed interest rate of 5.49% p.a.
  • Application fee of $150.
  • Document preparation fee of $100.
  • Security processing fee, charged on application.
  • Monthly service fee of $5 per month.

The comparison rate, which includes both the interest rate and fees is 5.84% p.a.

In addition to the above, you may be charged the following:

  • Early repayment fee of $20. This fee will be charged if the loan is paid before the term ends.
  • Default fee of $35. This fee will be charged if you don't make your repayments on time.
  • Duplicate fee of $16.50. This fee will be charged if you request a copy of any document.
  • Bank cheque fee of $10. This fee will be charged for each bank cheque drawn.

Am I eligible to apply for a Bendigo Bank Secured Green Personal Loan?

To be eligible for this loan, you will need to be:

  • Over the age of 18.
  • An Australian citizen or permanent resident
  • Employed or receiving a regular income. You must not be currently bankrupt or in financial hardship.

You must also use the loan funds to purchase the vehicle for personal use only.

To apply for the loan, you will need:

  • A Medicare card, driver's licence or valid passport.
  • Income and employment details.
  • Details of assets, like the value of your property, vehicles, savings or super
  • To declare your expenses, like living expenses and other debts like credit cards, loan balances and repayments.

How do I apply for a Bendigo Bank Secured Green Personal Loan?

You can apply for the loan online through the Bendigo Bank website. The application will take around 10–20 minutes to complete. Keep all the required documents in hand to speed up the process. Bendigo Bank will contact you after you apply.

Compare other personal loans

1 - 15 of 15
Product Interest Rate (p.a.) Comp. Rate (p.a.) Application Fee Monthly Fee Monthly Repayment
OurMoneyMarket logo
Interest Rate (p.a.)
6.28%
to 18.99%
Comp. Rate (p.a.)
6.28%
to 21.78%
Application Fee
$0
min.
Monthly Fee
$0
Monthly Repayment
$916.47
NOW Finance No Fee Unsecured Personal Loan
Finder AwardFixed18 Months - 7 Years $5,000 - $50,000
NOW Finance logo
Interest Rate (p.a.)
6.45%
to 26.95%
Comp. Rate (p.a.)
6.45%
to 26.95%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$918.79
OurMoneyMarket Green Loan
Fixed1 - 10 Years $5,000 - $75,000
OurMoneyMarket logo
Interest Rate (p.a.)
6.28%
to 18.99%
Comp. Rate (p.a.)
6.28%
to 21.78%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$916.47
Handy Finance Green Loan
Fixed1 - 10 Years $2,001 - $75,000
Handy Finance logo
Interest Rate (p.a.)
6.57%
to 18.99%
Comp. Rate (p.a.)
7.19%
to 21.78%
Application Fee
$250
Monthly Fee
$0
Monthly Repayment
$928.10
More info
Plenti Green Loan
Fixed3 - 10 Years $2,000 - $45,000
Plenti logo
Interest Rate (p.a.)
9.49%
Comp. Rate (p.a.)
10.60%
Application Fee
Monthly Fee
$8.99
Monthly Repayment
$969.84
More info
Australian Military Bank Green Loan
Variable1 - 7 Years $4,000 - $75,000
Australian Military Bank logo
Interest Rate (p.a.)
7.15%
Comp. Rate (p.a.)
8.06%
Application Fee
$150
Monthly Fee
$10
Monthly Repayment
$943.01
More info
Brighte Green Loan
Green CompanyFixed2 - 15 Years $2,000 - $55,000
Brighte logo
Interest Rate (p.a.)
8.99%
Comp. Rate (p.a.)
10.48%
Application Fee
$199
Monthly Fee
$10.80
Monthly Repayment
$970.98
More info
Bendigo Bank Unsecured Green Personal Loan
Fixed1 - 7 Years $2,000 - $100,000
Bendigo Bank logo
Interest Rate (p.a.)
7.49%
Comp. Rate (p.a.)
8.52%
Application Fee
$150
Monthly Fee
$5
Monthly Repayment
$942.71
More info
CommBank Green Loan
Fixed1 - 10 Years $5,000 - $30,000
CommBank logo
Interest Rate (p.a.)
3.99%
Comp. Rate (p.a.)
3.99%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$885.59
More info
Regional Australia Bank Enviro Loan
VariableUP TO 5 Years $500 -
Regional Australia Bank logo
Interest Rate (p.a.)
7.20%
Comp. Rate (p.a.)
8.54%
Application Fee
$195
Monthly Fee
$0
Monthly Repayment
$935.10
More info
South West Slopes Bank Greener Futures Loan
VariableUP TO 5 Years $2,000 - $20,000
South West Slopes Bank logo
Interest Rate (p.a.)
8.35%
Comp. Rate (p.a.)
8.35%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$944.94
More info
Community First Bank Green Loan
Variable1 - 10 Years $1,000 - $100,000
Community First Bank logo
Interest Rate (p.a.)
6.54%
Comp. Rate (p.a.)
7.59%
Application Fee
$249
Monthly Fee
$10
Monthly Repayment
$937.65
More info
Bendigo Bank Secured Green Personal Loan
Fixed1 - 7 Years $2,000 - $100,000
Bendigo Bank logo
Interest Rate (p.a.)
5.49%
Comp. Rate (p.a.)
5.84%
Application Fee
$150
Monthly Fee
$5
Monthly Repayment
$915.27
More info
Summerland Bank ECO Personal Loan
VariableUP TO 7 Years $3,000 -
Summerland Bank logo
Interest Rate (p.a.)
9.42%
Comp. Rate (p.a.)
9.61%
Application Fee
$130
Monthly Fee
$0
Monthly Repayment
$964.03
More info
Police CU Solar Eco Loan
Finder AwardVariableUP TO 7 Years $5,000 -
Police Credit Union logo
Interest Rate (p.a.)
6.48%
Comp. Rate (p.a.)
6.48%
Application Fee
$0
Monthly Fee
$0
Monthly Repayment
$919.20
loading

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Richard Finder

Assistant publisher

Hi there, looking for more information? Ask us a question.

Error label

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
Accept and continue

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 Privacy Policy and Terms of Service apply.

Go to site