Adelaide Bank home loans

Adelaide Bank
Adelaide Bank's overall rating for home loans

(as rated by the Mozo community)

6.8 / 10

based on 61 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 07 December, 2016. 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 ‡

4.09% p.a.

4.71% p.a.

$15.00 monthly

$495

3.99% p.a.

4.50% p.a.

$15.00 monthly

$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 ‡

4.44% p.a.

4.66% p.a.

$15.00 monthly

$495

3.99% p.a.

4.21% p.a.

$15.00 monthly

$495

4.64% p.a.

4.85% p.a.

$15.00 monthly

$495

4.39% p.a.

4.61% p.a.

$15.00 monthly

$495

4.39% p.a.

4.43% p.a.

$0.00

$495

3.94% p.a.

3.98% p.a.

$0.00

$495

4.54% p.a.

4.58% p.a.

$0.00

$495

4.29% p.a.

4.33% p.a.

$0.00

$495


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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

Overall 6.8*

Price

Features

Customer service

Convenience

Trust

61 Reviews

* Overall rating based on reviews in the past 12 months.

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

Adelaide Bank

Adelaide Bank SmartSaver (LVR<90%, Owner Occupier) home loan review

Overall rating   8 / 10

Very happy customer

Very happy with service staff as they are very competent and friendly.

Full review

Very happy with service staff as they are very competent and friendly.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Barry (SA), reviewed 3 months ago

Adelaide Bank

Adelaide Bank home loan review

Overall rating   9 / 10

They have great customer services.

The reason why I like this bank is because they have great services.

Full review

The reason why I like this bank is because they have great services.

    Price   9 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Edwin (SA), reviewed 4 months ago

Adelaide Bank

Adelaide Bank SmartFix (Owner Occupier) (Fixed) home loan review

Overall rating   9 / 10

Great products, great customer service

Have never had any problems with Adelaide bank setting up the loan, re fixing interest rates, withdrawal facilities and contacting on the phone

Full review

Have never had any problems with Adelaide bank setting up the loan, re fixing interest rates, withdrawal facilities and contacting on the phone

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Donna (SA), reviewed 9 months ago

Adelaide Bank

Adelaide Bank SmartFit (LVR<90%, Owner Occupier) home loan review

Overall rating   5 / 10

Good interest rates

Online banking is so old looking and clunky

Full review

Online banking is so old looking and clunky

    Price   6 / 10

    Features   4 / 10

    Customer service   4 / 10

    Convenience   4 / 10

    Trust   6 / 10

Less

Rochelle (WA), reviewed 9 months ago

Adelaide Bank

Adelaide Bank home loan review

Overall rating   8 / 10

Great customer service

They are easy to talk to and you actually speak to someone in Australia

Full review

They are easy to talk to and you actually speak to someone in Australia

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Kathryn (SA), reviewed 10 months ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ 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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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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