Bendigo Bank Personal Loans

About Bendigo Bank Personal Loan

Personal Loans

You can easily achieve your goals through a Personal Loan amount. Whenever you want to bring your plans to life, go for the Bendigo Bank's personal loan. Personal Loans come with a range of benefits –

Flexible options -This is a secured loan for about 7 years period. One can obviously choose from the repayment options like weekly, fortnightly, or monthly repayments, secured or unsecured loans.

Big or small loan size - There are always options for choosing the types of options according to the needs like a small loan or the big loan as per the requirements. If you want to buy a car, a boat, or in fact, planning a holiday or have different requirements, then just contact Bendigo Bank.

Quick response - The bank gives a very quick response to your application. You will receive a quick response just within 48 hours of the application.

Types of Personal Loans

Secured Personal Loan - A secured personal loan is one that is supported by a valuable item, such as a car. Because the bank has security, they can cut the loan's interest rate.

This is the perfect loan for that new or used car you want to buy or to refinance the existing car loan.

• The secured personal loan comes with periods of one to seven years and a reasonable fixed interest rate.
• The interest rates- 7.79% annual fixed interest rate; comparative rate* of 8.51% annual.
• Select from weekly, biweekly, or monthly payments. You can make additional payments knowing that you can redraw them at any moment. You just need to thank the free online redraw service.
• There are no set break expenses, and there is only a $20 fee for early payback.
• Minimal application and ongoing costs are applicable; more information is available on the bank's Lending fees and charges page.
• Available interest rates are listed completely. You can check it accordingly on the bank's page.

Secures Green Personal Loan- This is a unique loan that has been designed for environmentally friendly purchases and transactions.

• This loan is suitable for electric (EV), plug-in hybrid (PHEV), hybrid, and "A" rated (less than 110g of CO2 per km) vehicles.
• The interest rate- 4.99% p.a. competitive fixed interest rate, comparable rate of 5.35% p.a.
• The conditions apply, like a $2000 minimum down payment with terms ranging from 1 to 7 years.
• Varied repayment options-Choose weekly, biweekly, or monthly repayments with the free online redraw option.
• Unlimited extra repayments; at any moment, redraw.
• There are no set break charges and a $20 early payback fee.
• The loan has Minimal initial and recurrent costs.
• For more information, one can check the Bank's Lending Fees and charges page.
• You can check the interest rate on Bank's page

Secured Student Personal Loan- this Loan is for students. Students can apply for loans for higher education, and apprentices looking to buy a new car or used car, planning to refinance the existing one.

• The bank involves a Competitive fixed rate of interest of 6.79% p.a. and a comparative rate of interest of 6.95% p.a.
• No initial or recurring costs.
• $2000 minimum down payment with terms ranging from one to 7 years.
• Monthly, weekly, and fortnightly payments are all available with a free online redraw option.
• Unlimited extra repayments; at any moment, redraw.
• With a $20 early payback fee and there are no fixed break expenses
• For more information, one can check the Bank's Lending Fees and charges page.
• You can check the interest rate on Bank's page

The Unsecured Loan Comparison- The Unsecured Loan signifies that you do not need to provide any security.

Unsecured Personal Loan- This loan is excellent for your ideal vacation or any other necessity when you cannot provide protection.

Unsecured Green Personal Loan- This type of loan is suitable for energy-saving white goods, grey water treatment systems, and solar hot water.

Unsecured Student Personal Loan- This is a loan suitable for your ideal vacation or any other need for which you are not providing security.

Features of Bendigo Bank Personal Loan

There are many features of the  Bendigo Bank's personal loan. One can benefit in many ways -

• The adaptable choices-This loan is secured and is for a duration of around 7 years. One can, of course, select between secured and unsecured loans, as well as weekly, fortnightly, or monthly repayment alternatives.
• Big or Small amount Loan- There are always possibilities for choosing the types of options according to the needs, such as a tiny loan or a big loan as per the requirements, so the loan size doesn't matter whether it's large or small. Contact Bendigo Bank if you wish to purchase a car or boat, plan a vacation, or have other needs.
• Rapid response: The bank responds to your application very quickly. Within 48 hours of submitting the application, you will get a prompt response

How to Apply for Bendigo Bank Personal Loan?

You need to follow simple steps to apply for a personal loan. This simple process makes it easy for you to access your personal loan:

• Select the loan that is most suited to you
• Apply online or contact the bank
• Send supporting documentation so that Bank can finalize your application
• Receive a response to your application, and you will be one step closer to getting that new car, holiday, caravan, home improvements, whatever in no time at all. 

Fulfil your requirements by just following the simple procedure.

Documents Required for Bendigo Bank Personal Loan?

However, the bank will only have to lend the Amount of the Loan if the Bank receives the following documents-

• Each Security and any documents that the Bank requires in relation to any Security; and
• Evidence of any insurance that the Bank required; and
• Any report or valuation that the Bank requires; and
• Any certificate of independent advice from a solicitor the Bank require; and
• Any certificate of financial advice from a financial adviser the Bank requires; and
• Any other document or information the Bank reasonably requires; and
• Evidence that You have paid or have made satisfactory arrangements to pay any 
• Applicable conveyance or transfer stamp duty,
• Any registration fee or similar impost in connection with each Security.

Eligible Criteria for Bendigo Bank Personal Loan

To be eligible for applying in the Bendigo Bank Personal Loan, you need to fulfil certain criteria -

• You need to be over 18 years of age.
• You need to be an Australian citizen or permanent resident, employed.
• You need to have a regular income, and you need not be bankrupt or in any sort of financial hardship.

Bendigo Bank Personal Loan Calculator

Bendigo bank has a special feature called Personal Loan Calculator. The Personal Loan Repayment Calculator. You can use the personal loan calculator to learn about the amount that needs to be repaid based on the fixed or variable interest rate depending upon the bank.

You can choose from the options I want- a secured personal loan, Unsecured personal loan, Unsecured student personal loan, Green secured personal loan or the Green unsecured personal loan. After choosing the loan option, use the calculator options to have a detailed payment idea.

The Personal Loan Borrowing Power- You can use the personal loan borrowing power calculator as it will help you learn how much you can borrow. You can just enter your income and expenses to calculate your personal loan borrowing capacity.

Things you need to know- Only a guide, not a quote, credit approval, or credit offer, is provided by the results. The outcomes are not recommendations for how much you should or could borrow, which product to select, product features or options, or whether there is a need for additional payments. If you want a loan that satisfies your needs and goals, you should talk to us or get professional counsel. The loan amounts, terms, and rate ranges shown in the calculator might not apply to products provided by other credit providers or us. Credit requirements, terms, fees, and charges are there.

Information about the Comparison Rate- The Comparison Rate that is displayed is being calculated for the secured personal loan with a loan amount of $30,000 and a term of 5 years; for unsecured personal loans, the loan amount is $10,000 with a term of 3 years.