Unsecured Fixed Personal Loan

 General Lending Rates

• Lending Rate Type: Fixed
• Interest Rate: 21.99%, Comparison Rate 23.28%
• Repayment Type:
• Loan Purpose:

 Product Features

• Other Additional Information: Your best rate from us: Your interest rate is tailored to your credit score and other details, know you're getting your best rate from us.

• Other Additional Information: Stay in control: Fixed interest rate for the whole term of the loan.

• Other Additional Information: Borrow $2K-$50K: Choose a loan amount between $2,000 and $50,000

• Other Additional Information: Loan terms to fit your budget: Set your repayments however you want, with your choice of 1 to 7 year loan terms.

• Other Additional Information: Pay your way: Match your pay day with weekly, fortnightly and monthly repayment options

• Other Additional Information: Funds within 60 minutes: After final approval, accept your online contract and funds will be transferred within the hour if you?re already with us

• Other Additional Information: Borrow without an asset as security : With an unsecured personal loan, you don't have to offer your car as security for your loan.

• Digital Banking Additional Information: Internet banking access : Viewing and tracking your loan is convenient ? it's all in the one place on the mobile banking app

• Extra Repayments Additional Information: The product has EXTRA_REPAYMENTS option available: Make extra repayments, free of charge, with a range of repayment options.

• 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

 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

 Bank Fees and Charges

• Lending Establishment Fee (Upfront), Amount: 250.00. Additional Information: Lending establishment fee�will be deducted from your loan amount. Please read full terms and conditions & fees and charges before making a decision to apply for a Bank of Melbourne Personal Loan.�

• Monthly Loan Account Fee (Periodic), Amount: 15.00.

• 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

• 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 2000.00 Additional Information: The minimum amount financed is $2000

• Max Limit of 50000.00 Additional Information: The maximum amount financed is $50,000

 Document Downloads

  personalloanterms.pdf (288 K)
  bom-loanfees.pdf (158 K)
  bom-acceptable-visas-upl.pdf (505 K)