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  4. Secured Personal Loan

Secured Personal Loan

  • 1 to 7 years
  • Secured
  • Fixed Rate

Interest rate p.a.

7.79%

Comparison rate* p.a.

8.51%

Secured Personal Loan

  • 1 to 7 years
  • Secured
  • Fixed Rate

Interest rate p.a.

7.79%

Comparison rate* p.a.

8.51%

Calculate your repayments for this loan

$

Your estimated repayment

$937

based on 30000 loan amount for 3 years at 7.79%

Pros and Cons

For Secured Personal Loan

Benefits

  • Lower than average rate
  • Unlimited extra repayments
  • Flexible repayment options
  • Can apply online
  • Can apply in branch
  • Use the loan for any worthwhile purpose
  • Suitable for both new or used car

Drawbacks

  • Service fee charged
  • Higher than average application fee

Bendigo Bank Rate Personal Loan overview

For Secured Personal Loan

Details

Total repayments
Interest rate type

Fixed

Borrowing range

$2k - $100m

Security type

Secured

Loan term

1 to 7 years

Secured by

Vehicle

Loan type

Is Fully Drawn Advance

Repayment frequency

Weekly, Fortnightly, Monthly

Target Market Determination

Visit Bendigo & Adelaide Bank Ltd to view Target Market Determination.

Features

Extra repayments

Yes

Redraw facility

redraw activation fee of $0

Instant approval

Time to funding

N/A

Fees

Upfront fee

$150

Ongoing fee

$5 Monthly

Missed payment penalty

$35

Early exit penalty fee

$20 during first 7 years

Permitted Loan Purposes

New car

Used car

Motorcycle

Boat

Debt consolidation

Renovation

Holidays

Medical bill

Shares

Student loan

Wedding

FAQs