Secured Fixed Personal Loan

 General Lending Rates

• Lending Rate Type: Fixed
• Interest Rate: 12.99%, Comparison Rate 14.14%
• Repayment Type:
• Loan Purpose:

 Product Features

• Other Additional Information: Get a lower interest rate : By offering your car as security for the loan, you can access a lower rate than our unsecured personal loan.

• Other Additional Information: Preferred repayment frequency : Choose to make weekly, fortnightly or monthly repayments to suit when you get paid.

• Digital Banking Additional Information: Internet banking access : Manage your loan and track your repayments online or through your mobile banking app.

• Extra Repayments Additional Information: The product has EXTRA_REPAYMENTS option available.

• Fraud Protection Additional Information: The product includes FRAUD_PROTECTION features.

• Relationship Management Additional Information: RELATIONSHIP_MANAGEMENT is available for eligible customers.

• Other Additional Information: Internet and Phone banking : Includes the Security, Stopping or altering payments, Scheduled transactions and payments , Other transactions and payments, Faults and service difficulties

• Other Additional Information: $125 off the establishment fee with a Bank of Melbourne Car Loan - You could save $125 off the lending establishment fee(normally $250) when you're approved and accept your Car Loan by 12 July 2025. Existing Bank of Melbourne customers only. Eligibility credit criteria terms and conditions and other fees apply. Offer excludes Unsecured Personal Loans. Approved contracts must be accepted before 12 July 2025.

 Product Eligibility

• Min Age - 18. Additional Information: Be 18 years or older and hold a current Australian driver licence or learner's permit

• Residency Status - Be An Australian Or New Zealand Citizen Or Be An Australian Permanent Resident And Hold An�acceptable Visa.

• Other Additional Information: Be a non-resident or migrant and hold an�acceptable visa with a minimum 1 year before expiry

• Other Additional Information: Have a fixed, verifiable Australian address

• Other Additional Information: Receive a regular, verifiable Australian taxable income

• Other Additional Information: To qualify for a lower personalised interest rate on a Secured Personal Loan, applicant must meet our credit criteria.

 Bank Fees and Charges

• Lending Establishment Fee (Upfront), Amount: 250.00. Additional Information: Lending establishment fee (added to your loan amount). Excludes all government charges such as stamp duty, search fees, fees to register security interest with the Personal Property Securities Register

• Monthly Loan Account Fee (Periodic), Amount: 12.00.

• Loan Discharge Fee - Within 12 Months (Exit), Amount: 150.00. Additional Information: Loan discharge fee if you fully repay the loan within the first 12 months

• Loan Discharge Fee - After 12 Months (Exit), Amount: 100.00. Additional Information: Loan discharge fees if you fully repay the loan after the first 12 months and before the end of the loan term

• Ppsr Fee (Event), Amount: 6.00. Additional Information: A Government fee, charged by the Personal Property Securities Register

• Missed Payment Fee (Event), Amount: 15.00. Additional Information: Payable when we send you an arrears letter relating to an overdue amount.

• Processing Fee (Transaction), Amount: 3.00. Additional Information: Payable each time you make any repayment on your loan over the counter in a branch or by cash or cheque

 Limitations & Restrictions (Constraints)

• Min Limit of 3000.00

• Max Limit of 100000.00

 Document Downloads

  personalloanterms.pdf (198.3 KB)
  bom-loanfees.pdf (112.7 KB)
  bom-acceptable-visas-upl.pdf (505.3 KB)