Originating more than 150 years ago, Bendigo Bank provides banking and wealth management services to about 1.5 million customers Australia-wide. In 2007, the Bendigo and Adelaide Bank Group was formed as a result of a merger between Bendigo Bank and Adelaide Bank.
Bendigo Bank operates in all Australian states and territories. Whether you’re a seasoned property investor or just trying to find your feet in the property market, you’ll find all the information you need to confidently compare Bendigo Bank’s home loan products on this page.
Rates and fees verified as correct at 24 June, 2017. Other information correct at the time of writing.
If you’re busy scouring the market for a fixed rate that rewards you with some flexibility, Bendigo Bank’s Fixed Rate Loan could be a good choice. The fixed rate is available on loans from $5,000 and you can borrow up to 95% LVR. You’ll have an extensive range of loan terms to choose from (1, 2, 3, 4, or 5 year options) and the ability to choose between weekly, fortnightly or monthly repayments depending on your financial situation. There is additional repayment flexibility where you can make up to an extra 20% of the loan balance in advance payments and a free online redraw facility should you need to access these funds in the future (redraw fees charged in branch). Bendigo Bank’s Fixed Rate Loan can also help you save on interest over the term of your loan through a partial interest offset facility. There is a monthly account fee to consider.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.79% p.a. | 5.26% p.a. | $10.00 monthly | $750 | ||
| 4.34% p.a. | 4.54% p.a. | $10.00 monthly | $750 | ||
| 4.34% p.a. | 4.54% p.a. | $10.00 monthly | $750 | ||
| 4.79% p.a. | 5.62% p.a. | $10.00 monthly | $750 | ||
| 4.34% p.a. | 4.90% p.a. | $10.00 monthly | $750 | ||
| 4.34% p.a. | 4.90% p.a. | $10.00 monthly | $750 |
Bendigo Bank caters to everyone from the first home buyer to the environmentally conscious borrower with its variable home loan options. Loans start from $5,000 and the maximum LVR is 95%. You’ll get all the money-saving flexibility of a variable loan like unlimited extra repayments, a free online redraw facility and a linked offset account. If these great features aren’t incentive enough, you may even be eligible for additional benefits including a full transaction fee rebate, credit card discounts and free home insurance (up to a maximum of 90 days). If your building or renovation meets Bendigo Bank’s green home criteria, you can qualify for the Generation Green Home which has a discounted interest rate and no monthly service fee.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 5.21% p.a. | 5.38% p.a. | $10.00 monthly | $750 | ||
| 4.38% p.a. | 4.55% p.a. | $10.00 monthly | $750 | ||
| 4.38% p.a. | 4.55% p.a. | $10.00 monthly | $750 | ||
| 6.01% p.a. | 6.18% p.a. | $10.00 monthly | $750 | ||
| 5.48% p.a. | 5.65% p.a. | $10.00 monthly | $750 | ||
| 5.48% p.a. | 5.65% p.a. | $10.00 monthly | $750 |
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.64% p.a. | 5.44% p.a. | $20.00 monthly | $750 | ||
| 4.64% p.a. | 5.30% p.a. | $20.00 monthly | $750 | ||
| 4.64% p.a. | 5.23% p.a. | $20.00 monthly | $750 | ||
| 4.19% p.a. | 4.73% p.a. | $20.00 monthly | $750 | ||
| 4.19% p.a. | 4.58% p.a. | $20.00 monthly | $750 | ||
| 4.19% p.a. | 4.51% p.a. | $20.00 monthly | $750 | ||
| 4.19% p.a. | 4.73% p.a. | $20.00 monthly | $750 | ||
| 4.19% p.a. | 4.58% p.a. | $20.00 monthly | $750 | ||
| 4.19% p.a. | 4.51% p.a. | $20.00 monthly | $750 |
If you want a competitive interest rate and save on your loan repayments, a home loan package from Bendigo Bank is an option worth considering. Bendigo Bank has two home loan packages on offer: the Package Home Loan which is available for loans ranging between $50,000 and $249,000 and the Package Plus if your loan amount exceeds $250,000. Each package has the option of fixed or variable interest rates. With the variable option, you’ll be able to borrow up to 95% LVR (90% LVR with line of credit option) and access a range of cost cutting features including fee free extra repayments, free redraws and a full mortgage offset facility. The package comes with a discounted interest rate on your home loan and credit card and additional benefits such as full fee rebates on your transaction account (conditions apply) but you will pay a monthly service fee.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 5.36% p.a. | 5.64% p.a. | $20.00 monthly | $750 | ||
| 5.16% p.a. | 5.44% p.a. | $20.00 monthly | $750 | ||
| 5.06% p.a. | 5.34% p.a. | $20.00 monthly | $750 | ||
| 4.53% p.a. | 4.82% p.a. | $20.00 monthly | $750 | ||
| 4.33% p.a. | 4.62% p.a. | $20.00 monthly | $750 | ||
| 4.23% p.a. | 4.52% p.a. | $20.00 monthly | $750 | ||
| 4.53% p.a. | 4.82% p.a. | $20.00 monthly | $750 | ||
| 4.33% p.a. | 4.62% p.a. | $20.00 monthly | $750 | ||
| 4.23% p.a. | 4.52% p.a. | $20.00 monthly | $750 |
| Extra repaymentsExtra repayments | With Bendigo Bank’s variable and line of credit home loans, you’ll be able to make unlimited extra repayments without incurring fees to pay off your home loan sooner and reduce your interest repayments over the term of your loan. You can even make advanced payments with the Fixed Rate home loan, but these can’t exceed 20% of the balance of the loan. |
| Maximum 95% LVRMaximum 95% LVR | Most of Bendigo Bank’s home loans allow you to borrow up to 95% of your property’s value. Any loan though with an LVR over 80% will require lenders mortgage insurance so be sure to factor this in. |
| Offset facilityOffset facility | You can save a bundle on interest repayments with Bendigo Bank’s variable home loans which gives you access to a full interest offset facility. If you opt for a fixed rate, you’ll still be able to reap the benefits of a partial offset facility with Bendigo Bank’s Fixed Rate home loan. |
| Environmental protectionEnvironmental protection | Bendigo Bank’s Green Generation home loan rewards environmentally friendly homes or renovations with a discounted interest rate and no monthly service fee. If your house has double glazed windows, a solar hot water heater or wind turbine you may be able eligible for this loan. |
| Additional benefitsAdditional benefits | Bendigo Bank’s fixed, variable and line of credit home loans have several generous benefits which could save you a nice wad of cash including a full transaction fee rebate and credit card discounts (eligibility criteria applies). You may even be able to get free home insurance from the date of contract up until settlement (maximum 90 days) with the purchase of a Home and Contents Insurance policy. |
Mozo has asked the tough questions to get you the right answers. We asked thousands of Aussies to rate their mortgage provider on the things that matter like price, customer service, features and convenience. You can check out how Bendigo Bank Home Loan products are rated here.
* Overall rating based on reviews in the past 12 months.
I am treated like a valued customer and staff are friendly and part of my community.
I am treated like a valued customer and staff are friendly and part of my community.
Paul (VIC), reviewed 3 months ago
Always have a smile and a friendly word to say when in the bank and any small problems are dealt with promptly.
Always have a smile and a friendly word to say when in the bank and any small problems are dealt with promptly.
Angela (SA), reviewed 6 months ago
Cate (WA), reviewed 11 months ago
Intetest rate could be a little less which would make for a more easy payment.
Intetest rate could be a little less which would make for a more easy payment.
Rhonda (VIC), reviewed 11 months ago
Julie (SA), reviewed 11 months ago
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.
When you apply for a Bendigo Bank home loan online, you may need the following details handy:
