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Unsecured Personal Loan

Special$0 establishment fee. Offer ends 30 September 2019. 
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Customise your loan summary by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Unsecured Personal Loan 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 Fees and Features

New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$195
Ongoing Fee
Ongoing Fee
$12 monthly
Borrowing range
Borrowing range
$2k - $40k
Total Repayments
Total Repayments
$36,396
Early Exit Penalty Fee
Early Exit Penalty Fee
Fee Applies
Missed Payment Penalty
Missed Payment Penalty
$9
Redraw Activation Fee
Redraw Activation Fee
$10
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
New Car
New Car
Used Car
Used Car
Motorcycle
Motorcycle
Boat
Boat
Student Loan
Student Loan
Debt Consolidation
Debt Consolidation
Renovation
Renovation
Shares
Shares
Holidays
Holidays
Medical Bill
Medical Bill
Wedding
Wedding
Upfront Fee
Upfront Fee
$195
Ongoing Fee
Ongoing Fee
$12 monthly
Borrowing range
Borrowing range
$2k - $40k
Total Repayments
Total Repayments
$36,396
Early Exit Penalty Fee
Early Exit Penalty Fee
Fee Applies
Missed Payment Penalty
Missed Payment Penalty
$9
Redraw Activation Fee
Redraw Activation Fee
$10
Repayment Type
Repayment Type
Variable
Loan Type
Loan Type
Unsecured
Secured by vehicle
Secured by vehicle
Secured by property
Secured by property
Security by bank deposits
Security by bank deposits
Available to 457 Visa Holders
Available to 457 Visa Holders
Redraw Facility
Redraw Facility
Extra Repayments
Extra Repayments
Line of Credit
Line of Credit
  • Special $0 establishment fee. Offer ends 30 September 2019.
    The offer is open to customers who apply and complete an application for a new fixed or variable rate Bank of Melbourne Unsecured Personal Loan by 30 September 2019.

Bank of Melbourne is a Victoria-based Australian bank. Its headquarters and call centre are based in the Melbourne CBD, and the bank has 106 branches spread across the state.

Although Bank of Melbourne was established in 1989 as an independent organisation, it has been part of the Westpac Group since 1997.

In addition to personal loans, Bank of Melbourne, or BoM as it is also known, offers a wide range of home loans, credit cards, insurance and superannuation products and services.

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