Bendigo Bank slashes home loan rates by up to 0.20%

By Niko Iliakis ·

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.

Home loan comparisons on Mozo - last updated January 26, 2021

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  • Smart Booster Home Loan

    1 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a.variable for 12 months and then 2.48% p.a. variable
    2.47% p.a.
    Compare
    Details
  • mozo-experts-choice-2020
    UHomeLoan - Discount Offer

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.34% p.a. variable
    2.34% p.a.
    Compare
    Details
  • mozo-experts-choice-2020
    Celebrate Variable Home Loan

    <60% LVR, Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.19% p.a. variable
    2.19% p.a.
    Compare
    Details
  • Basic Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR 70-80%

    interest rate
    comparison rate
    Initial monthly repayment
    2.09% p.a.
    fixed 2 years
    2.56% p.a.
    Compare
    Details
  • Fixed Home Loan Special Offer

    Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    1.89% p.a.
    fixed 2 years
    2.94% p.a.
    Compare
    Details
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