|Features||Unsecured Personal Loan||Secured Personal Loan||Get Set Loan||Unsecured Personal Overdraft|
|Apply now||Apply now||Find a branch||Apply now|
|Suitable for...||A holiday, household purchase or consolidating debt||A new or used car||Access to money as you need it||Prepare for the unexpected|
Variable interest rate
Fixed interest rate
|See unsecured fixed rates||See secured fixed rates||N/A||N/A|
|Loan terms available|
|Variable||1 - 7 years||1 - 7 years||Ongoing line of credit||Ongoing line of credit|
|Fixed terms||1 - 5 years||1 - 5 years||N/A||N/A|
|Monthly administration fee||$12||$12||$12||$5|
|Fees on early repayments||Break costs may be payable on a fixed rate personal loan. View details||Break costs may be payable on a fixed rate personal loan. View details||N/A||N/A|
|Redraw||Variable rate loans only5||Variable rate loans only5|
|Optional Visa ® Debit card6|
|Optional Cheque book6|
|Frequency||Weekly, fortnightly or monthly||Weekly, fortnightly or monthly||$50 or 1.25% of the outstanding balance plus the monthly interest charge and administration fee (whichever is higher)||Repayments on demand. Overlimit amounts repayable immediately|
||Apply now||Find a branch||Apply now|
Credit criteria, terms and conditions, fees and charges apply.
1. For new loans approved on or after 8 April 2011.
2. The comparison rate is based on an Unsecured Personal Loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
3. The comparison rate is based on a Secured Personal Loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
4. For new Get Set Loans approved from 16 March 2015
5. All redraw requests are subject to Bank approval. Minimum redraw amount is $500 and a fee applies to each redraw request.
6. Not available for Get Set Loans approved after 16 March 2015.
Visa ® is a Registered trademark of Visa Worldwide PTe Limited.
* Interest rate applicable to new loans approved on or after 22 November 2015.
# $0 Establishment fee offer: Information correct as at 29 October 2018. The offer is open to customers who apply and complete an application for a new fixed or variable rate Bank of Melbourne Unsecured Personal Loan by 20 December 2018 via the 'Apply now' application button on this page. If approved, the Establishment fee will be waived, saving $195. Offer is open to single and joint applications. This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time. All other fees outlined on the Product page and in the Terms and Conditions apply. Interest rates are subject to change. Read the product Terms and Conditions, including the Internet and Phone Banking Terms and Conditions before making a decision and consider whether the product is appropriate for you. If you need help, call 13 22 66.