Bendigo Bank Secured Personal Loan – loan
Secured personal loan up to $100,000
Loan amount
$2,000 – $100,000
Interest from
7.99%
Term
1 – 7 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Personal unsecured Loan up to $100 000
- Term 1 – 7 years
Bendigo Bank (part of Bendigo and Adelaide Bank) is an ASX-listed, customer-owned-in-spirit regional Australian bank headquartered in Victoria, known for its "community bank" branch model where local franchise branches share profits with their communities.
The Bendigo Bank Secured Personal Loan lets borrowers offer an asset such as a vehicle as security in exchange for a lower interest rate than an equivalent unsecured loan. It suits larger loan amounts or borrowers who want the cheapest possible rate and have a suitable asset to secure against.
✓ Pros
- Lower rate than Bendigo's unsecured personal loan for the same amount
- Suitable for larger loan amounts
- Fixed repayments for the loan term
- Backed by an established regional Australian bank
✗ Cons
- Requires a suitable asset (commonly a vehicle) to secure the loan
- Asset can be repossessed if repayments are missed
- More documentation required than an unsecured loan
How to apply
- Apply for your loan
- Wait for approval
- Wait for money
Loan requirements
- ✓ 18 years or older
- ✓ Australian citizen or permanent resident
- ✓ Regular income
- ✓ Vehicle details for security purposes (new, demo or used)
- ✓ Valid photo ID and proof of address
Frequently asked questions
24 hours
The minimum loan amount at Bendigo Bank Secured Personal Loan is $2,000.
About Bendigo and Adelaide Bank Limited
| Company | Bendigo and Adelaide Bank Limited |
|---|---|
| Address | Bendigo Bank, 12 Bath Ln, Bendigo VIC 3550 |
| Website | https://www.bendigobank.com.au |