Secured Car Loan in Bank of Melbourne

Find out how to get Secured Car Loan in Bank of Melbourne


Monthly Repayment
Total Overpayment
  • Type of the loan

    Secured car loans

  • Type of the car

    new car, used car

  • Loan term

    from 1 year to 5 years

  • Loan amount

    from $ 3 000,00 to $ 80 000,00

  • An advance

    from 0,00 to 100,00 %

  • Interest rate

    8,49 %, fixed

  • One-time fees

    $ 195,00

  • Comments to the one-time fees

    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

  • Periodic fees

    $ 12,00, monthly

  • An early exit fee

    $ 150,00

  • Comments to exit fee

    150 AUD - early repayment fee if you fully repay the loan within the first 12 months (you will also have to pay break costs on early repayment of a fixed rate loan). 100 AUD - early repayment fee if you fully repay the loan after the first 12 months and before the end of the loan term (you will also have to pay break costs on early repayment of a fixed rate loan).

  • Repayment periodicities

    • weekly
    • fortnightly
    • monthly

  • Cars restrictions

    12 years old or less at the end of the loan term to qualify for a lower interest rate

  • Documents

    • current drivers licence

  • A redraw facility

    Redraw a minimum of $500 from your loan amount if you need to, provided you’re at least $500 ahead on your repayments. Each request is subject to approval and a fee.

  • Loan registration

    Apply online in 10 minutes – 5 minutes for existing customers – depending on your internet connection

  • Data updated

    16 May 2018



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