powering smart financial decisions

Pros and cons

  • Additional repayments allowed
  • Flexible repayment options
  • Can apply online
  • Free redraw facility
  • Monthly fee charged
  • Application fee charged
  • Not the lowest rate on the market
  • Charges early repayment fee

Bendigo Bank personal loans rates


Personal loan repayment calculator

Thinking about taking out a personal loan with Bendigo Bank? Use our personal loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Bendigo Bank personal loans compare with other options.

I'd like to borrow


Loan term

Credit Score ()

Your estimated repayment

at interest rate 6.79 %

Total interest payable


Total amount payable


Features of a Bendigo and Adelaide Bank personal loan

Bendigo and Adelaide Bank provides several types of personal loans, including secured and unsecured personal loans, student loans and a green personal loan. The green personal loan is for those borrowing to pay for for environmentally friendly purchases, and in some cases, may offer lower a interest rate.

Approved borrowers can take out loans of between $2,000 and $50,000, depending on the purpose of the personal loan and serviceability. Loan terms range between one to seven years, and borrowers can choose between weekly, fortnightly and monthly repayments.

Bendigo and Adelaide Bank personal loans come with a number of flexible features, such as redraw facilities and the option to make extra repayments.

The lender does charge an application fee, document preparation fee, monthly fees, default fees and an early repayment fee. It is fre to access your extra repayments though the redraw facility.

Bendigo and Adelaide Bank personal loans can be used for a range of different purposes including:

  • Debt consolidation
  • Car financing
  • Wedding financing
  • Holidays
  • Investing
  • Environmentally friendly purchases
  • Higher education student expenses

Bendigo and Adelaide Bank personal loans – customer service

Customers looking to contact Bendigo and Adelaide Bank customer service can call a personal banking hotline, send an online enquiry form or email. You can also pop into a branch for help.

Other ways to contact Bendigo and Adelaide Bank include:

  • Online banking
  • Post
  • Email
  • Online enquiry
  • Phone (7am to 11pm, Victorian time)

Who is eligible for a Bendigo and Adelaide Bank personal loan?

To be eligible for a Bendigo and Adelaide Bank personal loan, you’ll need to meet the following criteria:

  • Be at least 18 years old  
  • Be an Australian citizen, permanent resident or have a valid visa
  • Be an Australian citizen or permanent resident
  • Use the loan for personal use only
  • Not currently bankrupt or in financial hardship

How to apply for a Bendigo and Adelaide Bank personal loan?

Applications for a Bendigo and Adelaide personal loan can be made online, over the phone or in store. The online application process takes around 10 minutes to complete and involves the following steps:

  • Once you’ve compared and selected a personal loan, apply on the Bendigo and Adelaide Bank website.
  • Once completed, your application will be reviewed.
  • Bendigo and Adelaide will contact you about your application within two business days.
  • Upon final approval, the funds will be credited to your nominated account.

At the time of application, you’ll need to provide the following documentation:

  • Proof of identity
  • Proof of income and employment
  • Details of any other financial commitments

Bendigo and Adelaide Bank personal loans review

Bendigo and Adelaide Bank offers a broad range of personal loans to suit general borrowers, those borrowing for sustainability-related expenses and higher education students.

Its loans come with a range of flexible features, such as extra repayments and redraw facilities that are likely to appeal to many borrowers looking for personal loans. Borrowers also have the option of choosing between weekly, fortnightly and monthly repayments with terms up to seven years.

Bendigo and Adelaide offer environmentally conscious borrowers the option of applying for a green personal loan which rewards you if you use your loan to purchase environmentally friendly vehicles, solar hot water, grey water treatment systems or top energy-saving white goods.

Secured Bendigo and Adelaide personal loans have moderate to moderately low interest rates. However, it’s worth noting that borrowers will pay an application fee, document processing fee as well as ongoing monthly loan fees.

Before committing to a personal loan, it's worth your time to do your research and compare various personal loan options, looking specifically at fees, features an interest rates.

Learn more about personal loans

Can you refinance a $5000 personal loan?

Much like home loans, many personal loans can be refinanced. This is where you replace your current personal loan with another personal loan, often from another lender and at a lower interest rate. Switching personal loans may let you enjoy more affordable repayments, or useful features and benefits.

If you have a $5000 personal loan as well as other debts, you may be able to use a debt consolidations personal loan to combine these debts into one, potentially saving you money and simplifying your repayments.

Where can I get a personal loan?

The Australian personal loans market contains dozens of lenders offering several hundred different products. Personal loans are available through a range of institutions, including:

There are three main ways to access personal loans. You can go through a comparison website, such as RateCity. You can use a finance broker. Or you can directly contact the lender.

What is a bad credit personal loan?

A bad credit personal loan is a personal loan designed for somebody with a bad credit history. This type of personal loan has higher interest rates than regular personal loans as well as higher fees.

What are the Westpac personal loan eligibility criteria?

The process to apply for a personal loan from Westpac is simple and can be done online. To be eligible for a Westpac Bank personal loan, you must meet the eligibility criteria. These include:

  • You should be over 18 years old
  • You must be a permanent resident or hold a valid visa with confirmed employment in Australia
  • You should earn a regular and permanent income of at least $35,000 before taxes

If you feel you meet these eligibility criteria, you can apply for a personal loan with Westpac. With your application form, you’ll also have to submit the following documents:

  • Personal details including name, contact information, and residential address 
  • Proof of identity such as drivers licence or passport details
  • If you’re self-employed, you’ll need a list of assets, savings, investments, and liabilities as well as your most recent tax return information
  • If you’re an employee you’ll need to submit information related to your employment and finances like bank statements and payslips

Westpac Australia personal loans are available for amounts from $4,000 up to $50,000 and loan terms of up to seven years.

How long does it take to get a student personal loan?

Completing an online personal loan application can often take anywhere from 10 minutes to 1 hour. Depending on your lender, processing your personal loan application may take anywhere between 1 and 24 hours. If your personal loan application is approved, you may receive the money in your bank account the following business day, or, in some cases, the same day.

How much can you borrow with a bad credit personal loan?

Borrowers who take out bad credit personal loans don’t just pay higher interest rates than on regular personal loans, they also get loaned less money. Each lender has its own policies and loan limits, but you’ll find it hard to get approved for a bad credit personal loan above $50,000.

Can single mothers get personal loans online?

Many lenders offer online applications for personal loans, which can be convenient for borrowers who have busy lives. If you’re not confident your personal loan application will be approved, you may want to consider contacting the lender by email, live chat, phone, or by visiting a branch, to discuss your situation before applying.

Do student personal loans require security?

While some personal loans can be secured by the value of an asset, such as a car or equity in a property, student personal loans are often unsecured, which typically have higher interest rates.

Some lenders also offer guarantor personal loans to students. These loans have lower interest rates, as a guarantor (usually a relative of the borrower with good credit) will fully or partially guarantee the loan, taking on the financial responsibility if the borrower defaults.

What is a personal loan?

A personal loan sits somewhere between a home loan and a credit card loan. Unlike with a credit card, you need to sign a formal contract to access a personal loan. However, the process is easier and faster than taking out a mortgage.

Loan sizes typically range from several hundred dollars to tens of thousands of dollars, while loan terms usually run from one to five years. Personal loans are generally used to consolidate debts, pay emergency bills or fund one-off expenses like holidays.

Should I get a fixed or variable personal loan?

Fixed personal loans keep your interest rate the same for the full loan term, while interest rates on variable personal loans may be raised or lowered during your loan term.

A fixed rate personal loan keeps your repayments consistent, which can help keep your budgeting consistent. You won't have to worry about higher repayments if your rates were to rise. However, on a fixed loan you’ll also potentially miss out on more affordable repayments if variable rates were to fall.

Can unemployed single parents get personal loans?

It can be more difficult for unemployed borrowers to successfully apply for a personal loan. Most lenders require borrowers to have a regular income available to cover the cost of loan repayments.

If you’re self-employed, or if less than half of your income comes from Centrelink, you may not be eligible for some personal loan options. Consider contacting the lender before applying.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

Are there low doc personal loans?

Self-employed borrowers may be eligible for low doc personal loans, which require less documentation in their application process than many other personal loan options.

It’s important to remember that though low doc personal loans may require less paperwork, you may need to provide additional security, or pay a higher interest rate.

What do single mothers need to apply for a personal loan?

Like other personal loan applicants, single mothers will likely need to provide a few documents to any potential lender, such as personal identification, bank statements (savings, loans, credit cards), proof of address, and proof of income (payslips, tax returns).