Bendigo Bank fixed-rate personal loans from $2,000 to $100,000 with no security, redraw and fortnightly repayments
Fixed-rate personal loans from $2,000 to $100,000 with no security required, handy redraw access and flexible fortnightly repayments that fit Aussie budgets
Why Aussies choose Bendigo Bank fixed-rate personal loans
For many Australians the Bendigo Bank fixed-rate personal loan stands out because it pairs predictable repayments with flexible borrowing from $2,000 to $100,000. That certainty is handy when you are budgeting for a car, a wedding or a big trip, especially with the fixed rate of 12.79% p.a. and a comparison rate of 14.89% p.a.
As an unsecured personal loan, the Bendigo Bank option does not require security, so you do not need to pledge a vehicle or home to access funds. The straightforward structure makes the Bendigo Bank personal loan a practical choice for people who want clear costs and no surprises.
Loan features, fees and terms
Bendigo Bank personal loans offer terms from 1 to 7 years, with fees you should factor into your total cost: $150 application, $100 document preparation, $5 monthly service and a $20 early repayment fee. Knowing these charges up front helps you compare the Bendigo Bank fixed-rate personal loan against other market options.
You can borrow between $2,000 and $100,000, which suits small and larger projects alike, and the fixed-rate structure protects you from rate volatility. This combination of clear fees, loan amounts and a fixed interest rate makes the Bendigo Bank personal loan a competitive product in the Australian market.
Repayments, redraw and extra repayments
Bendigo Bank offers flexible repayment schedules including fortnightly repayments, which many Aussies prefer to align with pay cycles and better manage cashflow. You can also choose weekly or monthly repayments to suit your household budget when taking out a Bendigo Bank fixed-rate personal loan.
One valuable feature is unlimited extra repayments without penalty, so you can pay down the Bendigo Bank personal loan sooner and save on interest. There is also a redraw facility that lets you access extra repayments if an unexpected bill pops up, giving you useful breathing room.
How to apply and eligibility tips
Applying for a Bendigo Bank personal loan is straightforward: you must be over 18, an Australian citizen or permanent resident and employed, with a reasonable credit history. Preparing payslips, ID and a clear explanation of the loan purpose will speed up a Bendigo Bank fixed-rate personal loan application.
Before you apply, compare total costs including the comparison rate and fees and consider how fortnightly repayments fit your pay cycle. If you want a reliable fixed-rate personal loan with redraw and no security, the Bendigo Bank personal loan is worth checking, and contacting Bendigo Bank or a finance broker can confirm the best fit for your situation.