Bendigo Bank Secured Student Personal Loan – loan
Student Secured Loan up to $50 000
Loan amount
$2,000 – $50,000
Interest from
6.79%
Term
1 – 7 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Student Secured Loan up to $50 000
- 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 Student Personal Loan is aimed at students needing finance for education-related costs or a vehicle, offering a lower rate than an unsecured loan in exchange for security, with terms designed to suit a student's circumstances.
✓ Pros
- Lower rate than the unsecured student loan equivalent
- Designed around student borrowing needs
- Fixed repayments for the term
- Backed by an established regional Australian bank
✗ Cons
- Requires suitable security for the loan
- Students with limited income history may need a guarantor
- Loan amount is smaller than Bendigo's standard secured personal loan
How to apply
- Apply for your loan
- Wait for approval
- Wait for money
Loan requirements
- ✓ 18 years or older
- ✓ Enrolled student status may be required for concessional terms
- ✓ Australian citizen or permanent resident
- ✓ Some regular income or guarantor depending on the lender
- ✓ Valid ID and active bank account
- ✓ Suitable asset for security
Frequently asked questions
24 hours
The minimum loan amount at Bendigo Bank Secured Student 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 |