The Finance Algorithm
Bendigo Bank

Bendigo Secured Personal Loan

A competitive secured personal loan for car, boat or motorcycle.

Personal loansBank updated 10 Sept 2026
At a glance
Fixed
9.54% · 10.26% comparison
Loan size
$2,000 to no maximum
Upfront fee
$250
Monthly fee
$5
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
FixedSecuredP&I7 yrs fixed9.54%10.26%
§ 02 — Fees · 10
FeeTypeAmountWhenNotes
Bank Cheque FeeEvent$10Is payable for each Bank Cheque drawn.
Default FeeEvent$35
Duplicate FeeEvent$16.50Is payable for each copy of any document you request.
Manual Redraw FeeEventNo feePayable each time we agree to a redraw request you make otherwise than through Bendigo e-banking
Online Redraw FeeEventNo feeCharged when completing a redraw online
Early Repayment FeeExit$20
Security Processing FeeOtherVariesCharged to lodge an interest against the security e.g. vehicle (Secured Personal Loans only). On Application
Monthly FeePeriodic$5Every 1 mo
Application FeeUpfront$150Incurred when you apply for a new loan.
Document Preparation FeeUpfront$100The cost of preparing the loan documents (Secured Personal Loans only).
§ 03 — Features
Redraw
  • · Weekly, fortnightly or monthly repayments
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: Australian Resident
  • · Employment: Employed
  • · Available to individuals
  • · Amount $2,000 to no maximum

Published by Bendigo Bank under the Consumer Data Right, last changed by them on 10 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.