Bendigo Bank slashes home loan rates by up to 0.20%

Bendigo Bank has cut rates for its Express Home Loan by up to 0.20%, bringing it down to 2.69% p.a. (2.86% p.a. comparison rate*) for owner occupiers and 3.04% p.a. (3.21% p.a. comparison rate*) for investors. 

The changes will see existing customers saving much more on their monthly repayments. For example, owner occupiers paying off a $400,000 loan over 30 years (P&I, LVR 80%) will be looking at savings in the range of $43 a month, or $516 over a year.

New rates for the Express Home Loan:

• Owner Occupier, P&I: 2.69% p.a. variable rate (2.86% p.a. comparison rate*)
• Owner Occupier, IO: 3.44% p.a. variable rate (3.17% p.a. comparison rate*)
  
• Investor, P&I: 3.04% p.a. variable rate (3.21% p.a. comparison rate*)
  
• Investor, IO: 3.44% p.a. variable rate (3.39% p.a. comparison rate*)
  

Bendigo Bank has also sharpened its fixed rate offerings. Right now, rates as low as 2.29% p.a. (2.79% p.a. comparison rate*) are available to owner occupiers making principal and interest repayments on a 2 year fixed term. 

As for investment options, investors paying principal and interest will be able to take advantage of a 3.44% p.a. fixed rate (3.34% p.a. comparison rate*) on 4 year terms, and a 2.59% p.a. fixed rate (3.13% p.a. comparison rate*) on 2 year terms.

For an idea of how these rates stack up against others on the market, visit our home loans comparison page, or browse the selection below.