Bendigo Bank offers a range of loan services, including secured and unsecured personal loans and a personal loan for green purchases. You can borrow from $2,000 up to $100,000 and loan terms range from 1 year to 7 years. The secured personal loan offers a fixed interest rate starting from 7.79% p.a. Security can include your car or property, but in case you fail to make your repayments, you could risk your assets. The interest rate for the unsecured personal loan is higher, starting from 12.79% p.a. If you want to make green purchases, you could receive a discount of 1% p.a. This discount is only applicable if you use it to purchase any of the environmentally-friendly products specified by the company. Depending on what you want to purchase, you may find their range limiting.
We currently don't have a partnership for that product, but we have other similar offers to choose from (how we picked these
):
Secured Personal Loan. Suited for purchasing a new or second-hand car, you can also use a car you currently own as security for this loan. As it's secured, it comes with a competitive fixed rate. This loan is available with a competitive fixed rate for terms up to 7 years.
Unsecured Personal Loan. With no requirement for security, this loan is suited for financing your holiday or home refurbishment needs. It comes with a slightly higher fixed interest rate because it is unsecured.
Generation Green Personal Loan. This is an innovative type of personal loan from Bendigo Bank that rewards you each time you make an environmentally-friendly purchase. You will get a discount of 1% p.a. on your personal loan fixed rate if you use your loan to purchase any of the 12 environmentally-friendly products specified by the company. You can opt for either a secured or unsecured variant of the loan. Some of the products you can buy include double glazings, environmentally-friendly vehicles, greywater treatment systems and water storage tanks.
What do Australians think of Bendigo Bank personal loan?
4.07/5 overall for Customer Satisfaction — higher than the average of 4
4.21/5 for Trust — higher than the average of 4.2
4.17/5 for Customer Service — higher than the average of 4.05
Features and benefits of a Bendigo Bank personal loan
Includes of redraw facilities. Bendigo Bank personal loans come with redraw facilities. You are able to make extra repayments on top of the normal minimum repayments, then the redraw facility lets you access that additional amount if you will need it in future. The Bendigo Bank redraw facility give you the flexibility to access funds whenever you need them.
Flexible loan repayment schedule. Bendigo Bank personal loans come with the flexibility to make repayments according to your preferences – weekly, fortnightly or monthly. This means that you can make unlimited additional repayments and pay off your loan within the shortest time possible.
Low minimum amount. Bendigo Bank personal loans are designed so that you can borrow as little as $2,000.
Extended period of repayment. You will be given between 1 to 7 years to complete your loan repayment.
What other products does Bendigo Bank offer?
Transaction accounts. Bendigo Bank has a wide range of flexible transaction accounts tailored to suit everyday banking requirements. These accounts are designed to offer convenient access to your money.
Credit cards. Bendigo Bank has a wide assortment of credit cards ranging from the Low Rate Basic Credit Card to the all-inclusive Platinum Card.
Savings accounts. If you are looking for a saving account to store and grow your money, Bendigo Bank offers accounts with easy access and competitive rates.
Home loans. Bendigo Bank offers a suite of home loans designed to suit your needs for a new home or investment property.
Other products. Some other products offered by Bendigo Bank include insurance, travel and international payments, and term deposits.
How to apply for a personal loan from Bendigo Bank
Ready to apply for a Bendigo Bank personal loan?
To be eligible for a Bendigo Bank personal loan you:
Have to be at least 18 years of age
Must be an Australian citizen or a permanent resident of Australia
Have to be in paid employment
Must have a good credit history
Shouldn't be using the personal loan for business or other commercial reasons
Should not apply for the loan through a third party
You will need to provide information on your income and employment details, details of assets and commitments, and your driver's licence. Once you've successfully completed your application, it will be reviewed and you will receive communication on its status.
Compare other personal loans
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Find a low interest loan by comparing your options with Finder. See interest rates, fees, and features for loans across Australia, plus guides to help you get the best deal.
I need to borrow $10000 I’m on centrelink and have a part time job Cash in hand so I have statements that only have Newstart each fortnight please point me in the right direction
Please ensure to read through the relevant product disclosure statement and terms and conditions of the loan to ensure that you got everything covered before you apply for the loan.
Hope this will help,
Elizabeth
WombatFebruary 4, 2016
There is no option to “Go to Site” or “more” on the Bendigo Bank Unsecured Personal Loan Application information. It is blank!!
How am I supposed to fill in an application for a loan if I can’t even get to the appropriate area????
Finder
ElizabethFebruary 4, 2016Finder
Hi Wombat,
Thanks for your question.
If you wish to apply for the Unsecured Personal Loan with Bendigo Bank you can go to their website directly.
Thanks,
Elizabeth
nathanMarch 23, 2015
hi im on centerlink payments and currently studying at TAFE i have a family and times are getting rough i have a phone bill of $5,000+ electricity bill and car payments so was wondering how easy is it go for a loan even tho i owe money.
thanks for your time
Finder
ShirleyMarch 23, 2015Finder
Hi Nathan,
Thanks for your question.
Please note that finder.com.au is an online comparison service and is not in a position to assess your eligibility.
If you would like to discuss your eligibility or options, please get in touch with Bendigo Bank directly by clicking on ‘Go to site’.
Cheers,
Shirley
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I need to borrow $10000 I’m on centrelink and have a part time job Cash in hand so I have statements that only have Newstart each fortnight please point me in the right direction
Hi Bails,
There are loan options available for people receiving Centrelink payments including Newstart.
Please ensure to read through the relevant product disclosure statement and terms and conditions of the loan to ensure that you got everything covered before you apply for the loan.
Hope this will help,
Elizabeth
There is no option to “Go to Site” or “more” on the Bendigo Bank Unsecured Personal Loan Application information. It is blank!!
How am I supposed to fill in an application for a loan if I can’t even get to the appropriate area????
Hi Wombat,
Thanks for your question.
If you wish to apply for the Unsecured Personal Loan with Bendigo Bank you can go to their website directly.
Thanks,
Elizabeth
hi im on centerlink payments and currently studying at TAFE i have a family and times are getting rough i have a phone bill of $5,000+ electricity bill and car payments so was wondering how easy is it go for a loan even tho i owe money.
thanks for your time
Hi Nathan,
Thanks for your question.
Please note that finder.com.au is an online comparison service and is not in a position to assess your eligibility.
If you would like to discuss your eligibility or options, please get in touch with Bendigo Bank directly by clicking on ‘Go to site’.
Cheers,
Shirley