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Secured Personal Loan Fixed

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I want to borrow

Loan Term

years

Repayment Frequency

Secured Personal Loan Fixed Pros and Cons

Pros:
  • Can apply online
  • Can apply in branch
  • Suitable for both new or used car
Cons:
  • Monthly fee charged
  • Application fee charged
  • Requires security to be held
  • Has ongoing fees

Bank of Melbourne Secured Personal Loan Fixed Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Upfront Fee
Upfront Fee
$195
Early Exit Penalty Fee
Early Exit Penalty Fee
Fee Applies
Missed Payment Penalty
Missed Payment Penalty
$9
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Upfront Fee
Upfront Fee
$195
Early Exit Penalty Fee
Early Exit Penalty Fee
Fee Applies
Missed Payment Penalty
Missed Payment Penalty
$9
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Secured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments

Compare and review car loans with similar features

Heritage Bank

Car Loan

Interest Rates
Advertised Rate
Advertised Rate
5.89%
fixed
Advertised Rate
5.99%
fixed
Advertised Rate
5.99%
fixed
Advertised Rate
6.99%
fixed
Comparison Rate
Comparison Rate
6.24%
Comparison Rate
6.53%
Comparison Rate
6.63%
Comparison Rate
7.55%
Monthly Repayment
Monthly Repayment
$578
Monthly Repayment
$580
Monthly Repayment
$580
Monthly Repayment
$594
Total Repayments
Total Repayments
$34,680
Total Repayments
$34,800
Total Repayments
$34,800
Total Repayments
$35,640
Loan amount
Loan amount
$2k to $75k
Loan amount
From $15k
Loan amount
$5k to $100k
Loan amount
From $25k
Suitable For
New Car
New Car
New Car
New Car
New Car
Used Car
Used Car
Used Car
Used Car
Used Car
Loan Fees
Upfront Fee
Upfront Fee
$250
Upfront Fee
$399
Upfront Fee
$200
Upfront Fee
$399
Early Exit Penalty Fee
Early Exit Penalty Fee
$0
Early Exit Penalty Fee
$205
Early Exit Penalty Fee
$0
Early Exit Penalty Fee
$205
Missed Payment Penalty
Missed Payment Penalty
$0
Missed Payment Penalty
$20
Missed Payment Penalty
$20
Missed Payment Penalty
$20
Redraw Activation Fee
Redraw Activation Fee
N/A
Redraw Activation Fee
N/A
Redraw Activation Fee
$0
Redraw Activation Fee
N/A
Features Flexibilities
Redraw Facility
Redraw Facility
Redraw Facility
Redraw Facility
Redraw Facility
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