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Unsecured Personal Loan

Special1% p.a. discount off the annual rate (Offer ends 28 Sept 2018)
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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

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
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
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

Compare and review personal loans with similar features

Interest Rates
Advertised Rate
Advertised Rate
Headline rate
12.69%
variable
Advertised Rate
14.99%
variable
Advertised Rate
9.16%
fixed
Advertised Rate
From
8.10%
fixed
Comparison Rate
Comparison Rate
13.56%
Comparison Rate
15.99%
Comparison Rate
10.67%*
Comparison Rate
9.36%
Monthly Repayment
Monthly Repayment
$678
Monthly Repayment
$714
Monthly Repayment
$625
Monthly Repayment
$610
Total Repayments
Total Repayments
$40,680
Total Repayments
$42,840
Total Repayments
$37,500
Total Repayments
$36,600
Loan amount
Loan amount
$5k to $55k
Loan amount
$4k to $50k
Loan amount
$2k to $45k
Loan amount
$5k to $50k
Loan Fees
Upfront Fee
Upfront Fee
$150
Upfront Fee
$150
Upfront Fee
$350
Upfront Fee
3%
of loan amount
Ongoing Fee
Ongoing Fee
$10 monthly
Ongoing Fee
$12 monthly
Ongoing Fee
$5 monthly
Ongoing Fee
$0
Missed Payment Penalty
Missed Payment Penalty
$35
Missed Payment Penalty
$9
Missed Payment Penalty
$25
Missed Payment Penalty
$35
Redraw Activation Fee
Redraw Activation Fee
$0
Redraw Activation Fee
$0
Redraw Activation Fee
N/A
Redraw Activation Fee
N/A
Loan Profile
Repayment Type
Repayment Type
Variable
Repayment Type
Variable
Repayment Type
Fixed
Repayment Type
Fixed
Available to 457 Visa Holders
Available to 457 Visa Holders
Available to 457 Visa Holders
Available to 457 Visa Holders
Available to 457 Visa Holders
Features Flexibilities
Redraw Facility
Redraw Facility
Redraw Facility
Redraw Facility
Redraw Facility
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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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