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- Secured Personal Loan Fixed
Secured Personal Loan Fixed
- 1 to 7 years
- Secured
- Fixed Rate
- Instant approval
Interest rate p.a.
6.49%
up to 12.99%
Comparison rate* p.a.
7.61%
up to 14.06%
Secured Personal Loan Fixed
- 1 to 7 years
- Secured
- Fixed Rate
- Instant approval
Interest rate p.a.
6.49%
up to 12.99%
Comparison rate* p.a.
7.61%
up to 14.06%
Calculate your repayments for this loan
Your estimated repayment
$391
based on 20000 loan amount for 5 years at 6.49%
Pros and Cons
For Secured Personal Loan Fixed
Benefits
- Flexible repayment options
- Can apply online
- Can apply in branch
- Use the loan for any worthwhile purpose
- Approval is instant
Drawbacks
- Service fee charged
Bank of Melbourne Rate Personal Loan overview
For Secured Personal Loan Fixed
Details
Total repayments
$23,474
Interest rate type
Fixed
Borrowing range
$3k - $100k
Security type
Secured
Loan term
1 to 7 years
Secured by
Vehicle
Loan type
Is Fully Drawn Advance
Repayment frequency
Weekly, Fortnightly, Monthly
Target Market Determination
Visit Bank of Melbourne to view Target Market Determination.
Features
Extra repayments
Yes
Redraw facility
Instant approval
Time to funding
N/A
Fees
Upfront fee
$195
Ongoing fee
$12 Monthly
Missed payment penalty
$15
Early exit penalty fee
Fee Applies
Permitted Loan Purposes
New car
Used car
Motorcycle
Boat
Debt consolidation
Renovation
Holidays
Medical bill
Shares
Student loan
Wedding
Promoted personal loan products
Low Rate Personal Loan Unsecured (Excellent Credit)
Real Time Rating™
- 2024 Award Winner
- 1 to 7 years
- Unsecured
- Fixed Rate
Interest rate p.a.
6.57%
up to 8.48%
Comparison rate* p.a.
7.19%
up to 13.58%
Australian Credit Licence 488228
Fees & charges apply
Unsecured Personal Loan (Excellent Credit) (Amount > $5000)
Real Time Rating™
- 2024 Award Winner
- 3 to 5 years
- Unsecured
- Fixed Rate
Interest rate p.a.
5.76%
up to 24.03%
Comparison rate* p.a.
6.55%
up to 24.99%
Australian Credit Licence 474726
Fees & charges apply
Unsecured Personal Loan (Excellent Credit)
Real Time Rating™
- 3 to 7 years
- Unsecured
- Fixed Rate
- No ongoing fees
Interest rate p.a.
7.24%
up to 9.39%
Comparison rate* p.a.
7.24%
up to 10.31%
Australian Credit Licence 286596
Fees & charges apply
No Fee Personal Loan
Real Time Rating™
- 2024 Award Winner
- Special
- 1 to 7 years
- Unsecured
Interest rate p.a.
6.75%
up to 26.95%
Comparison rate* p.a.
6.75%
up to 26.95%
Australian Credit Licence 411227
Fees & charges apply
Product data updated on 27 Apr 2024