About the bank: Bendigo Bank, founded in 1858, is one of Australia’s oldest community banks, proudly serving more than 1.9 million customers nationwide.
What you need to know about this loan:
- Loan Amounts Offered: From AUD 2,000 upwards.
- Loan Terms (monthly): 1 to 7 years.
- Payment methods: Weekly, fortnightly, or monthly.
- Interest rate: Fixed 5.49% p.a., comparison rate 5.84% p.a.
Pros
- Competitive Fixed Rate: Ensures predictable repayments.
- Eco-Friendly Support: Covers EVs, PHEVs, hybrids, and A-rated cars.
- Unlimited Additional Repayments: Allowed anytime.
- Free Online Redraw: Easy access to extra payments.
- Low Early Repayment Fee: Only AUD 20.
Cons
- Minimum Borrowing: Starts at AUD 2,000.
- Loan Limitation: Restricted to sustainable vehicle purchases.
Why Choose Bendigo Bank for Your Loan?
Compared to Commonwealth Bank Personal Loan, Bendigo offers lower fixed rates, helping eco-conscious borrowers save more.
Against Westpac Car Loan, Bendigo’s redraw facility is completely free, giving borrowers greater repayment flexibility.
Relative to ANZ Secured Loan, Bendigo has a smaller early repayment fee (just AUD 20).
When compared with NAB Personal Loan, Bendigo’s unlimited extra repayments offer more freedom to pay off debt faster.
Finally, versus Macquarie Car Loan, Bendigo stands out with its strong sustainability focus, rewarding green choices directly.
How to Apply for Your Bendigo Green Personal Loan
Get started today! With quick online applications (10–20 minutes) and fast approvals, Bendigo Bank makes financing your eco-friendly vehicle easier than ever.