Bendigo Bank home loans

Bendigo Bank
Bendigo Bank's overall rating for home loans

(as rated by the Mozo community)

8.6 / 10

based on 232 reviews

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.

Top 5 home loans 2015

Rates and fees verified as correct at 08 December, 2016. Other information correct at the time of writing.

What home loans do Bendigo Bank offer?

Fixed Rate Home Loans Fixed Rate Home Loans

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.

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

4.34% p.a.

4.67% p.a.

$10.00 monthly

$750

4.24% p.a.

4.44% p.a.

$10.00 monthly

$750

4.34% p.a.

5.03% p.a.

$10.00 monthly

$750

4.24% p.a.

4.81% p.a.

$10.00 monthly

$750


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Variable Rate Home Loans Variable Rate Home Loans

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.

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

4.56% p.a.

4.73% p.a.

$10.00 monthly

$750

4.28% p.a.

4.45% p.a.

$10.00 monthly

$750

5.66% p.a.

5.83% p.a.

$10.00 monthly

$750

5.38% p.a.

5.55% p.a.

$10.00 monthly

$750


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Fixed Package Home Loan Fixed Package Home Loan

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

4.19% p.a.

4.86% p.a.

$20.00 monthly

$750

4.09% p.a.

4.63% p.a.

$20.00 monthly

$750


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Variable Package Home Loan Variable Package Home Loan

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.

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

4.71% p.a.

5.00% p.a.

$20.00 monthly

$750

4.51% p.a.

4.80% p.a.

$20.00 monthly

$750

4.41% p.a.

4.70% p.a.

$20.00 monthly

$750

4.43% p.a.

4.72% p.a.

$20.00 monthly

$750

4.23% p.a.

4.52% p.a.

$20.00 monthly

$750

4.13% p.a.

4.42% p.a.

$20.00 monthly

$750


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Bendigo Bank home loan features in a glance

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.

How are Bendigo Bank home loans rated?

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.

Bendigo Bank home loans

Overall 8.6*

Price

Features

Customer service

Convenience

Trust

232 Reviews

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

Recent Bendigo Bank home loan reviews Recent Bendigo Bank home loan reviews

Bendigo Bank

Bendigo Bank Basic Home Loan (Fixed, Owner Occupier) home loan review

Overall rating   5 / 10

Room for improvement

Minimal staff, maximum customers.

Full review

Minimal staff, maximum customers.

    Price   6 / 10

    Features   6 / 10

    Customer service   4 / 10

    Convenience   3 / 10

    Trust   4 / 10

Less

Cate (WA), reviewed 4 months ago

Bendigo Bank

Bendigo Bank Basic Home Loan (Owner Occupier) home loan review

Overall rating   8 / 10

Good communication with management

Intetest rate could be a little less which would make for a more easy payment.

Full review

Intetest rate could be a little less which would make for a more easy payment.

    Price   6 / 10

    Features   3 / 10

    Customer service   9 / 10

    Convenience   6 / 10

    Trust   7 / 10

Less

Rhonda (VIC), reviewed 4 months ago

Bendigo Bank

Bendigo Bank Basic Home Loan (Fixed, Owner Occupier) home loan review

Overall rating   10 / 10

Excellent

My consultant at Bendigo was very helpful

Full review

My consultant at Bendigo was very helpful

    Price   9 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Julie (SA), reviewed 4 months ago

Bendigo Bank

Bendigo Bank Basic Home Loan (Fixed, Owner Occupier) home loan review

Overall rating   10 / 10

Service to the community and the customer.

A bank that provides excellent products, customer service and excellent support to the community.

Full review

A bank that provides excellent products, customer service and excellent support to the community.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Christine (WA), reviewed 8 months ago

Bendigo Bank

Bendigo Bank home loan review

Overall rating   9 / 10

Great customer service, met my individual needs

Fantastic customer service. Provided an individual service to me. Felt they understood my needs

Full review

Fantastic customer service. Provided an individual service to me. Felt they understood my needs

    Price   7 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Colleen (VIC), reviewed 8 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 Bendigo Bank home loan? What do you need to apply for a Bendigo Bank home loan?

When you apply for a Bendigo Bank home loan online, you may need the following details handy:

  • Your driver’s licence number and expiry date
  • Details of your loan
  • Personal details
  • Income and employment details
  • Details of existing assets and liabilities. 
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