Secured Fixed Personal Loan

As of 18 September 2026, the Bank of Melbourne Secured Fixed Personal Loan has a comparison rate of 7.90% (from 6.49% advertised), ranking 18th of 48 secured loans tracked by BankMate. It is a secured fixed-rate loan for car loan with fees of $250 application · $15 a month. Lenders publish the lowest rate in their range; the rate offered depends on the applicant.

7.90%comparison rate p.a.

from 6.49% advertised · Secured · fixed · car loan

Fees: $250 application · $15/mo.

Go to Bank of Melbourne

Rate over time

Comparison rate · lenders publish the lowest rate in their range

Secured Fixed Personal Loan
RBA cash rate

Changes

No changes recorded for this product since tracking began on 12 September 2026.

Rates

Advertised rate: from 6.49% p.a.
Comparison rate: 7.90% p.a.
Rate type: Fixed

Fees

Application fee: $250
Monthly fee: $15
Annual fee: None
Early repayment fee: $150
Late payment fee: $15

Loan terms

Loan amount: $10,000 – $130,000
Loan term: 1 year to 7 years
Extra repayments: Yes
Early payout: Yes
Redraw: No
Flexible repayment frequency: Yes

Eligibility

Minimum age: 18

About this product

Our secured loan offering to provide you with lower interest rates with your car as a security for the loan

Compare all personal loans