Why choose Bendigo Bank

Benefits

  • Additional repayments allowed
  • Flexible repayment options
  • Can apply online
  • Free redraw facility

Drawbacks

  • Charges early repayment fee
  • Monthly fee charged
  • Application fee charged
  • Not the lowest rate on the market

Bendigo Bank Personal Loans

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Total repayments
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Australian Credit Licence 237879Fees & charges apply

5.49%

5.84%

$573

$34,374

Secured Green Personal Loan
  • 1 to 7 years
  • Secured
  • Fixed Rate

Australian Credit Licence 237879Fees & charges apply

Australian Credit Licence 237879Fees & charges apply

7.49%

8.52%

$601

$36,060

Unsecured Green Personal Loan
  • 1 to 7 years
  • Unsecured
  • Fixed Rate

Australian Credit Licence 237879Fees & charges apply

Australian Credit Licence 237879Fees & charges apply

7.79%

8.51%

$605

$36,317

Secured Personal Loan
  • 1 to 7 years
  • Secured
  • Fixed Rate

Australian Credit Licence 237879Fees & charges apply

Australian Credit Licence 237879Fees & charges apply

12.79%

14.89%

$679

$40,762

Unsecured Personal Loan
  • 1 to 7 years
  • Unsecured
  • Fixed Rate

Australian Credit Licence 237879Fees & charges apply

Personal Loans calculator

Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios.

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based on a $30,000 loan for 5 years at 5.49%

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Features of a Bendigo and Adelaide Bank personal loan

Bendigo and Adelaide Bank provides several types of personal loans, including secured and unsecured personal loans, student loans and a green personal loan. The green personal loan is for those borrowing to pay for for environmentally friendly purchases, and in some cases, may offer lower a interest rate.

Approved borrowers can take out loans of between $2,000 and $50,000, depending on the purpose of the personal loan and serviceability. Loan terms range between one to seven years, and borrowers can choose between weekly, fortnightly and monthly repayments.

Bendigo and Adelaide Bank personal loans come with a number of flexible features, such as redraw facilities and the option to make extra repayments.

The lender does charge an application fee, document preparation fee, monthly fees, default fees and an early repayment fee. It is fre to access your extra repayments though the redraw facility.

Bendigo and Adelaide Bank personal loans can be used for a range of different purposes including:

  • Debt consolidation
  • Car financing
  • Wedding financing
  • Holidays
  • Investing
  • Environmentally friendly purchases
  • Higher education student expenses

Bendigo and Adelaide Bank personal loans – customer service

Customers looking to contact Bendigo and Adelaide Bank customer service can call a personal banking hotline, send an online enquiry form or email. You can also pop into a branch for help.

Other ways to contact Bendigo and Adelaide Bank include:

  • Online banking
  • Post
  • Email
  • Online enquiry
  • Phone (7am to 11pm, Victorian time)

Who is eligible for a Bendigo and Adelaide Bank personal loan?

To be eligible for a Bendigo and Adelaide Bank personal loan, you’ll need to meet the following criteria:

  • Be at least 18 years old  
  • Be an Australian citizen, permanent resident or have a valid visa
  • Be an Australian citizen or permanent resident
  • Use the loan for personal use only
  • Not currently bankrupt or in financial hardship

How to apply for a Bendigo and Adelaide Bank personal loan?

Applications for a Bendigo and Adelaide personal loan can be made online, over the phone or in store. The online application process takes around 10 minutes to complete and involves the following steps:

  • Once you’ve compared and selected a personal loan, apply on the Bendigo and Adelaide Bank website.
  • Once completed, your application will be reviewed.
  • Bendigo and Adelaide will contact you about your application within two business days.
  • Upon final approval, the funds will be credited to your nominated account.

At the time of application, you’ll need to provide the following documentation:

  • Proof of identity
  • Proof of income and employment
  • Details of any other financial commitments

Bendigo and Adelaide Bank personal loans review

Bendigo and Adelaide Bank offers a broad range of personal loans to suit general borrowers, those borrowing for sustainability-related expenses and higher education students.

Its loans come with a range of flexible features, such as extra repayments and redraw facilities that are likely to appeal to many borrowers looking for personal loans. Borrowers also have the option of choosing between weekly, fortnightly and monthly repayments with terms up to seven years.

Bendigo and Adelaide offer environmentally conscious borrowers the option of applying for a green personal loan which rewards you if you use your loan to purchase environmentally friendly vehicles, solar hot water, grey water treatment systems or top energy-saving white goods.

Secured Bendigo and Adelaide personal loans have moderate to moderately low interest rates. However, it’s worth noting that borrowers will pay an application fee, document processing fee as well as ongoing monthly loan fees.

Before committing to a personal loan, it's worth your time to do your research and compare various personal loan options, looking specifically at fees, features an interest rates.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.