Bank of Melbourne Personal Loan – loan
Personal loans up to $80 000
Loan amount
$2,000 – $80,000
Interest from
4.99%
Term
1 – 5 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Personal loans up to $80 000
- Term 1 - 5 years
Bank of Melbourne, part of the Westpac Group, offers an unsecured personal loan for general purposes such as debt consolidation, renovations or major purchases, with fixed or variable rate options and an online application process backed by the Westpac Group's banking infrastructure.
✓ Pros
- No security required
- Choice of fixed or variable rate
- Online application with indicative decision
- Backed by the Westpac Group
✗ Cons
- Advertised rate depends on individual credit assessment
- Unsecured pricing is higher than a comparable secured car loan
- Early payout may attract a fee on fixed terms
How to apply
- Learn how much you could borrow
- Receive indicative approval in under 15 minutes
- They will call you once you've submitted your application to help handle the rest of the process
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income from employment or other verifiable source
- ✓ Active Australian bank account
- ✓ Valid driver's licence or passport for ID verification
Frequently asked questions
24 hours
The minimum loan amount at Bank of Melbourne Personal Loan is $2,000.
About Bank of Melbourne Ltd
| Company | Bank of Melbourne Ltd |
|---|---|
| Address | 52 Collins St, Melbourne VIC 3000 |
| Website | https://www.bankofmelbourne.com.au |