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Adelaide Bank home loans

Adelaide Bank
Adelaide Bank's overall rating for home loans

(as rated by the Mozo community)

6.6 / 10

based on 284 reviews

Adelaide Bank began in 1994, and in 2007, merged with Bendigo Bank. It’s now the dedicated intermediary lending branch of the merged organisation, which means when you take out a home loan with Adelaide Bank, you’re in the hands of experienced and devoted mortgage professionals.

Rates and fees verified as correct at 06 August, 2020. Other information correct at the time of writing.

What home loans do Adelaide Bank offer?

Fixed Rate Home Loans Fixed Rate Home Loans

If you’re after the security of fixed rates with a no-frills mortgage solution, check out the fixed rate home loan on offer from Adelaide Bank. Available for up to 95% of the property’s value, starting from $10,000, this loan comes with the ability to make free redraws (minimum applies), free extra repayments up to $20,000 p.a. and the use of an offset account. You can also choose to split your loan between fixed and variable interest rates. For all this, you’ll pay application, settlement and monthly service fees.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

2.94% p.a.

3.24% p.a.

$15.00 monthly

$495

2.74% p.a.

3.19% p.a.

$15.00 monthly

$495

2.94% p.a.

3.02% p.a.

$15.00 monthly

$495

2.44% p.a.

2.89% p.a.

$15.00 monthly

$495

2.94% p.a.

3.05% p.a.

$0.00

$495

2.74% p.a.

3.00% p.a.

$0.00

$495

2.94% p.a.

2.82% p.a.

$0.00

$495

2.44% p.a.

2.70% p.a.

$0.00

$495


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Variable Rate Home Loans Variable Rate Home Loans

For borrowers who are after a bit more flexibility, the Adelaide Bank variable rate options are available for amounts starting at $10,000 up to 95% of the property's value. You have the option to split your loan between fixed and variable rates, as well as to make unlimited free extra repayments, and free redraws (minimum applies). Opt for the SmartFit home loan offer and you’ll also have the use of an offset account, although the SmartSaver lacks this feature. Like the fixed rate alternative, you’ll pay settlement, application and monthly fees on variable rate home loans.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.23% p.a.

3.46% p.a.

$15.00 monthly

$495

3.03% p.a.

3.26% p.a.

$15.00 monthly

$495

3.23% p.a.

3.46% p.a.

$15.00 monthly

$495

2.73% p.a.

2.96% p.a.

$15.00 monthly

$495

3.43% p.a.

3.66% p.a.

$15.00 monthly

$495

3.23% p.a.

3.27% p.a.

$0.00

$495

3.23% p.a.

3.27% p.a.

$0.00

$495

3.03% p.a.

3.07% p.a.

$0.00

$495

2.73% p.a.

2.77% p.a.

$0.00

$495

3.43% p.a.

3.47% p.a.

$0.00

$495


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*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Adelaide Bank home loan features in a glance

Offset accountOffset account

Unless you opt for the variable rate SmartSaver offer, you’ll have the use of an offset account to help cut down interest costs while you pay off your Adelaide Bank home loan.

Fee-free extra repaymentsFee-free extra repayments

Pay off your home loan faster and save on interest by making free additional repayments. Just remember that these extra repayments are capped at $20,000 p.a. on fixed terms, but unlimited on variable rate offers.

Flexible repayment scheduleFlexible repayment schedule

Make your repayments monthly, fortnightly or weekly - whatever suits your budget best!

How are Adelaide Bank home loans rated?

Check out how Adelaide Bank’s home loans perform in the eyes of its customers by reading our customer review section. Customers have rated Adelaide Bank on things like customer service, trust and convenience.

Adelaide Bank home loans
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Overall 6.6

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Trust

284 Reviews

Recent Adelaide Bank home loan reviews Recent Adelaide Bank home loan reviews

Adelaide Bank

Adelaide Bank Home Loan review

Overall rating   3 / 10

Wouldn't recommend.

Their rates and offset are OK, but their account fees are exorbitant. I'm tired of the $40 dishonour/overdrawn fees. Don't get caught by their EFTPOS fees either :-(

Full review

Their rates and offset are OK, but their account fees are exorbitant. I'm tired of the $40 dishonour/overdrawn fees. Don't get caught by their EFTPOS fees either :-(

    Price   5 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   1 / 10

Less

Tay, New South Wales, reviewed about 1 month ago

Adelaide Bank

Adelaide Bank Home Loan review

Overall rating   4 / 10

What customer service?

It took 3 months and more emails and phone calls than I can count to refinance my three mortgages. They then gave me a higher rate than promised. Finally they agreed to a lower rate if I fixed my loans but this took more than a month of emails and...

Full review

It took 3 months and more emails and phone calls than I can count to refinance my three mortgages. They then gave me a higher rate than promised. Finally they agreed to a lower rate if I fixed my loans but this took more than a month of emails and phone calls. Have dealt with four customer service consultants now and all have lost documents and not returned calls. Customer service is an oxymoron where Mortgagehouse is concerned.

    Price   8 / 10

    Features   6 / 10

    Customer service   1 / 10

    Convenience   3 / 10

    Trust   1 / 10

Less

Carol, New South Wales, reviewed about 1 month ago

Adelaide Bank

Adelaide Bank Home Loan review

Overall rating   10 / 10

No complaints what so ever

They have fantastic to deal with. Have been there for all our needs when required.

Full review

They have fantastic to deal with. Have been there for all our needs when required.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Alan, Queensland, reviewed 4 months ago

Adelaide Bank

Adelaide Bank Home Loan review

Overall rating   4 / 10

Needs to be better

Good customer service with people who try hard but that's about it. Disappointed with their efforts to keep me interested as a customer.

Full review

Good customer service with people who try hard but that's about it. Disappointed with their efforts to keep me interested as a customer.

    Price   2 / 10

    Features   1 / 10

    Customer service   8 / 10

    Convenience   5 / 10

    Trust   6 / 10

Less

R.j., Queensland, reviewed 4 months ago

Adelaide Bank

Adelaide Bank Home Loan review

Overall rating   3 / 10

Poor customer service.

They're great if you are getting a loan but hopeless when trying to pay off part or all of your loan. They don't get back to you, you have to chase everything yourself.

Full review

They're great if you are getting a loan but hopeless when trying to pay off part or all of your loan. They don't get back to you, you have to chase everything yourself.

    Price   5 / 10

    Features   6 / 10

    Customer service   1 / 10

    Convenience   2 / 10

    Trust   2 / 10

Less

Dianne, New South Wales, reviewed 5 months ago

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What do you need to apply for a Adelaide Bank home loan? What do you need to apply for a Adelaide Bank home loan?

To apply for a home loan with Adelaide Bank, you’ll first need to set up an interview with a mortgage broker affiliated with the bank. They’ll help you sort out your application, and for that, you’ll need to:

  • know your gross annual income
  • know the figure of any other income you earn
  • provide details of your assets (such as savings accounts, property or shares)
  • provide a list of your liabilities (including things like credit cards and personal loans)
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