HomePersonal LoansBank of MelbourneSecured Fixed Rate Personal Loan

Bank of Melbourne Secured Fixed Rate Personal Loan

The Bank of Melbourne Secured Fixed Rate Personal Loan offers rates from 6.49% p.a. (7.69% p.a. comparison rate*). on loans of $3,000 to $100,000.


Updated 10 July 2025


Fact checked and verified. Updated 10 July 2025
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Expert Review

The Bank of Melbourne Secured Fixed Rate Personal Loan is a secured loan offering a fixed interest rate ranging from 6.49% to 12.99% p.a., with a comparison rate between 7.69% and 14.14% p.a.* Loan amounts are available from $3,000 up to $100,000, with flexible terms spanning one to seven years. An establishment fee of $250 applies, along with ongoing monthly fees of $15. A loan closure fee of $150 may also apply if you repay early.

This loan may be a good choice if you’re looking to buy a vehicle and value the certainty of set payment amounts throughout the term.

Product Details
Fees

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$250 establishment fee

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$15 ongoing monthly fee

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$150 early repayment fee may apply

Other fees may apply.

Rates

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Fixed rate from 6.49% to 12.99% p.a.

Loan Amount

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From $3,000 to $100,000

Loan Terms

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1, 2, 3, 4, 5, 6 or 7 years

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Secured loan

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the Bank of Melbourne website.

More information
The comparison rates on this page are based on either a $30,000 loan over 5 years, or a $10,000 loan 3 years, as indicated with each rate. WARNING: This comparison rate applies only to the example given and may not include all fees and charges. Different terms, fees or loan amounts might result in different comparison rates.
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