Bendigo Bank Car Loan

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.

The product offers you a competitive fixed interest rate so you can plan your repayments without the worry of rising interest rates and offers both secure and unsecured options to suit your financial situation.

Bendigo Bank car loan features

There are a number of features found in Bendigo Bank's Secured Personal Loan which make it an attractive choice for people looking at financing a vehicle purchase. These features include:

• Flexibility. Choose weekly, monthly or fortnightly repayments. This means you can tailor your repayments to suit your financial situation. If you work off a monthly budget, then you can opt to make your repayments each month for example.
• Repayment options. You can make unlimited additional repayments with this loan. If your financial circumstances change for better or worse you can change your repayments so they suit your needs.
• Ability to redraw. This loan lets you access additional repayments using a free online redraw facility. This is a great option which let's you get access to extra cash when you really need it and it also has the added convenience of the online access.
• Choice. Choose your loan terms between 1 to 7 years with this loan. You can choose the term of the loan to fit how much your loan is and what you can budget for.
• Value. With this loan you'll get a competitive fixed interest rate with a minimum loan amount of $2,000. Take out the loan you need and be confident with a competitive fixed rate.

How does a secured car loan from Bendigo Bank work?

Bendigo Bank offers both secured and unsecured options for personal loans. A secured personal loan is where you offer an asset as security in case of a default. In the case of a default on your loan the lender will repossess the asset. The interest rates for secured loans are lower because it is considered less of a risk for the lender. Take a look at the loan options offered by Bendigo Bank below.

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Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
Bendigo Bank Secured Personal Loan Fixed1 - 7 Years $2,000 - $50,000	Interest Rate (p.a.) 7.79%	Comp. Rate (p.a.) 8.51%	Application Fee $150	Monthly Fee $10	Monthly Repayment $639.48	More Info Compare	You'll receive a fixed rate from 7.79% p.a. Perfect for buying a new or used vehicle, or to refinance an existing car loan.

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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 yearand 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?

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

Fees

Some of these fees are mandatory, like the application fee, but others like the 'in branch redraw fee' can be avoided. Make sure you are familiar with all fees and charges before applying for a personal loan because you might save yourself some money.

How does Bendigo Bank Car Loan compare with other car loan providers

More Info	More Info	More Info
Interest rate From 7.79% p.a.	Interest rate From 6.29% p.a.	Interest rate From 7.19% p.a.
Comparison rate 8.51% p.a.	Comparison rate 7.41% p.a.	Comparison rate 7.82% p.a.
Loan term 1 to 7 years	Loan term 1 to 7 years	Loan term 3 to 7 years
Loan amount $2,000 to $50,000	Loan amount $10,000 to $300,000	Loan amount $10,000 to $100,000
Not what you're looking for? Compare more car loan providers

How you can apply

If you're ready to apply for this loan you can get your application started online.

Eligibility

First, make sure you meet the application criteria listed below:

• You're over 18 years of age
• You are an Australian citizen or permanent resident
• There are no more than two applicants for the loan
• You're listed on the loan as a borrower
• You're in paid employment (subject to Bendigo Bank's lending criteria)
• Have a good credit history
• There are no payment defaults, court judgements or bankruptcies in your credit history
• Use the loan only for personal purposes because it isn't for business or commercial purposes

If you meet this criteria you can proceed with the application.

Documentation

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?

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Name	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
loans.com.au - New/Demo - Variable Rate Variable3 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 6.24% to 7.74%	Comp. Rate (p.a.) 7.36% to 8.85%	Application Fee $400	Monthly Fee $8	Monthly Repayment $630.83	Go to siteMore Info Compare
Simplify New Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.19% to 18%	Comp. Rate (p.a.) 6.6% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $622.21	Go to siteMore Info Compare
OurMoneyMarket New Car Loan ($5,000-$100,000) Fixed1 - 7 Years $5,000 - $100,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee $250 min.	Monthly Fee $0	Monthly Repayment $622.82	Go to siteMore Info Compare
IMB New Car Loan Fixed1 - 7 Years $2,000 - $125,000	Interest Rate (p.a.) 6.24%	Comp. Rate (p.a.) 6.59%	Application Fee $274.78	Monthly Fee $0	Monthly Repayment $619.01	Go to siteMore Info Compare	You'll receive a fixed rate of 6.24% p.a. A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Stratton Finance New Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.52% to 18%	Comp. Rate (p.a.) 6.95% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $625.27	Go to siteMore Info Compare	You'll receive a fixed rate from 6.52% p.a. depending on the lender you are approved with. Apply for up to $300,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
RACV New Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 7.29% to 16.99%	Comp. Rate (p.a.) 8% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $635.67	Go to siteMore Info Compare	You'll receive a fixed rate from 7.29% p.a. A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.
OurMoneyMarket Used Car Loan ($5,000-$100,000) Fixed1 - 7 Years $5,000 - $100,000	Interest Rate (p.a.) 6.57% to 18.99%	Comp. Rate (p.a.) 7.19% to 21.78%	Application Fee $250 min.	Monthly Fee $0	Monthly Repayment $622.82	Go to siteMore Info Compare
Simplify Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.19% to 18%	Comp. Rate (p.a.) 6.6% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $622.21	Go to siteMore Info Compare
Stratton Finance Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	Interest Rate (p.a.) 6.52% to 18%	Comp. Rate (p.a.) 6.95% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment $625.27	Go to siteMore Info Compare	You'll receive a fixed rate loan from 6.52% p.a. with a comparison rate of 6.95% p.a. A used car loan of up to $300,000 with quick approval times and balloon payment options.
RACV Used Car Loans Fixed1 - 7 Years $5,000 - $150,000	Interest Rate (p.a.) 8.49% to 16.99%	Comp. Rate (p.a.) 9.21% to 17.77%	Application Fee $499	Monthly Fee $0	Monthly Repayment $647.01	Go to siteMore Info Compare	You'll receive a fixed rate from 8.49% p.a. Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.
Latitude Variable Rate Personal Loan Variable2 - 7 Years $5,000 - $70,000	Interest Rate (p.a.) 9.49% to 29.99%	Comp. Rate (p.a.) 10.37% to 30.69%	Application Fee $0	Monthly Fee $13	Monthly Repayment $653.57	Go to siteMore Info Compare	Special Finder offer: $395 establishment fee waived for approved personal loan applications submitted through Finder. Latitude may withdraw offer at any time. T&Cs apply.

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