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Unsecured Personal Loan Fixed

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I want to borrow

Loan Term

years

Repayment Frequency

Unsecured 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
  • Has ongoing fees
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Bank of Melbourne Unsecured 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
Borrowing range
Borrowing range
$2k - $40k
Total Repayments
Total Repayments
$40,920
Missed Payment Penalty
Missed Payment Penalty
$9
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Unsecured
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
Borrowing range
Borrowing range
$2k - $40k
Total Repayments
Total Repayments
$40,920
Missed Payment Penalty
Missed Payment Penalty
$9
Redraw Activation Fee
Redraw Activation Fee
N/A
Repayment Type
Repayment Type
Fixed
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments

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.

FAQs

The trade-in value is the price you could realistically charge if you were to sell your car to a dealer while buying a replacement vehicle. Generally, a car’s trade-in value is less than its market value. That’s because the dealer has no interest in buying your car unless it can make a profit – which can only be done if the dealer has room to increase the price.

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