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Bank of Melbourne car loans

Based in Victoria, Bank of Melbourne provides customers with car loan products to suit a multitude of needs. They allow customers to borrow between $3,000 – $80,000 towards the car of their dreams. Bank of Melbourne also allow customers to choose their preferred payment frequency, allow a redraw facility, as well as provide internet banking access to track repayments.

Alex Ritchie
Alex Ritchie

Personal Finance Editor

Content updated

Product data updated

Why choose Bank of Melbourne

Benefits

  • Secured & unsecured loans available
  • Borrow up to $80,000
  • Online banking access

Drawbacks

  • Establishment and monthly fees
  • Early repayment fees

Bank of Melbourne Car Loans

Car Loans calculator

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

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Your estimated repayments

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

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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.