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Bank of Melbourne Secured Car Loan - Fixed Rate

The Bank of Melbourne Secured Fixed Rate Car Loan offers a lower interest rate, where they accept your car as security.

  • Register to track and manage your loan repayments using Bank of Melbourne Internet Banking
  • 1 to 5 years for fixed interest rate loans
  • Borrow between $3,000 and $80,000
  • Flexible repayment options. You can choose whether to make your repayments weekly, fortnightly or monthly, so you can make your repayments along the lines of your pay frequency.


  • Discharge processing fee -  $150 if you pay off your loan early within the first 12 months of the loan term, or $100 if you pay off the loan after the first 12 months but before the end of your loan term.
  • Loan Administration - If you require documents such as photocopies of the loan title or loan statement, or a copy of a personal cheque, you will be charged between $10 and $16 depending on the type of documents you request.
  • Loan establishment fee - $195.
  • Monthly administration fee - $12.
Standard Rates
Min. Current Rate 6.99% p.a.
Comparison Rate 8.11% p.a.
Loan Features and Terms
Product Details Fixed Rate Secured Personal loan for up to $80,000 for 5 years with a low rate and consistent monthly repayments for ease of budgeting
Min. Loan Amount $3,000
Max. Loan Amount $80,000
Min. Loan Term 1 years
Max. Loan Term 5 years
Repayment Options Weekly, Fortnightly or Monthly
Security Vehicle
Car Type New or Used
Application Fee $195
Monthly Service Fee $12
Early Repayment Penalty $150
Missed Repayment Penalty $9
Document Release Fee $0

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.