Bendigo & Adelaide Bank Personal Loans

In 2007, Bendigo Bank merged with Adelaide Bank to form the Bendigo and Adelaide Bank Group of companies, or what’s commonly known as Bendigo Bank today. The unique strengths of Adelaide Bank in wholesale finance and Bendigo in retail banking have combined, seeing them grow to be one of Australia’s largest retail banks. They’ve grown to serve about 1.8 million customers in more than 500 communities and employ more than 7,000 employees.

Bendigo and Adelaide Bank’s head office is located in the central Victorian city of Bendigo, with the business mostly operating in Victoria and Queensland. The bank has extensive experience in communities and joint ventures and continues to provide customers with a broad selection of personal loan products and advice. Bendigo Bank is now a publicly listed company on the Australian Stock Exchange.

Bendigo Bank 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.

Your estimated monthly repayments would be

Total interest paid

$8,245

Total amount to pay

$38,245

Bendigo Bank personal loans rates

Now showing 1 - 4 of 4 personal loans

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Product	Advertised Rate	Comparison Rate*	Company	Repayment	Upfront Fee	Features
Secured Green Personal Loan	Fixed 6.79%	7.21%	Secured Green Personal Loan	$591 based on $30,000 loan amount for 5 years	$150	Redraw facility Extra repayments Fully drawn advance Secured	More details
Secured Personal Loan	Fixed 7.79%	8.64%	Secured Personal Loan	$605 based on $30,000 loan amount for 5 years	$150	Redraw facility Extra repayments Fully drawn advance Secured	More details
Unsecured Green Personal Loan	Fixed 11.79%	12.84%	Unsecured Green Personal Loan	$664 based on $30,000 loan amount for 5 years	$150	Redraw facility Extra repayments Fully drawn advance Secured	More details
Unsecured Personal Loan	Fixed 12.79%	14.89%	Unsecured Personal Loan	$679 based on $30,000 loan amount for 5 years	$150	Redraw facility Extra repayments Fully drawn advance Secured	More details

Data last updated on 12 Jul 2020

Read our important disclosures and general advice warning

Pros

Additional repayments allowed
Flexible repayment options
Can apply online
Free redraw facility

Cons

Monthly fee charged
Application fee charged
Not the lowest rate on the market
Charges early repayment fee

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.