Your selected home loans
Highly competitive variable interest rate
Available for those with at least a 10% deposit (up to 90% LVR)
100% offset account included on variable rate option.
$10 monthly fee in lieu of application and settlement fees
Unavailable for off-the-plan or ‘under construction’ purchases
Your property must be larger than 40m2 and situated in a capital city or major regional centre.
There are plenty of reasons why Bendigo Bank was named an Exceptional Value Lender in the 2024 Mozo Experts Choice Awards, and the Express Home Loan is a shining example of the bank’s outstanding performance.
A winner of several awards in 2024, such as the Low Cost Home Loan, Offset Home Loan and First Home Buyer Loan awards^, it comes with a very competitive variable rate of 6.09% p.a. (6.22% p.a. comparison rate*) for owner occupiers with a 90% loan-to-value ratio (LVR) and includes a 100% offset account, free of charge.
While it isn’t available for off-the-plan purchases, or for homes currently under construction, it is suited to first home buyers and refinancers living in the nation’s capitals or major regional centres, who want a low cost home loan with interest-saving features.
As mentioned above, it comes with a 100% offset account, but it also lets borrowers make free additional repayments and free redraws too.
As far as fees go, you won’t have to pay an application or settlement fee for the Express Home Loan. But, there is a monthly service fee of $10 and a $350 discharge fee. Valuation fees also work a little differently.
To get your property valued by Bendigo as part of your application, they’ll first use their Automated Valuation Model to estimate its value, which will cost you $134.20. However, if they can’t get a good read on the value using their tech, they may have to perform a full valuation. Full valuations from Bendigo Bank will cost you $220 if your property is worth under $1 million, or $440 if it’s over $1 million.
Lock in a low 2 year fixed rate with the Mozo award winning Home Lender of the Year. Available for live-in borrowers with just a 10% deposit required. Free extra repayments (up to 20% in fixed period), free redraw and partial offset available. $10 monthly service fee. Aussie support centre. Fast approvals. Up to 6 free offset accounts (T&Cs apply).
Get online approval from the award-winning Bendigo Bank Express Home Loan. Multiple offset accounts and redraw available. 100% offset on variable rate loans and partial offset on fixed rate. Flexible repayment options. New home loans only.
Get online approval from the award-winning Bendigo Bank Express Home Loan. Multiple offset accounts and redraw available. 100% offset on variable rate loans and partial offset on fixed rate. Flexible repayment options. New home loans only.
Enjoy a fast online application process with the Bendigo Bank Fixed Investor Home Loan. 100% offset account included. Principal and interest or interest only repayments available. Access additional repayments using online redraw. For investors only.
Your selected home loans
The service we've recieved from Bendigo Bank is very personalised and personal. We felt they actually care about us as people and weren't treated as just a number. A community bank that we are proud to be a part of.
The staff from Bendigo check in to ensure things are going smoothly and when something is about to change. We were originally drawn to them because of their local presence and because they give back to local communities. Disappointed that we no longer have a branch but then didn't realistically didn't use it that much. It was just very good for community groups and those who don't leave town often.
When my husband sold his business he got a large cash transfer and Bendigo bank couldn’t track the money The man said we should wait 24hours We were like we are not leaving till you find out where in your system it is They found it within the hour Also they have a lot of online banking outages which can be frustrating when you are shopping We are actually going to open another account with another bank and put some money in for when they go down
Have been with Bendigo bank for many years they always make sure we are getting the best products that suits our needs.
Sign up was easy, staff were helpful. A few months after I took out this loan, they actually called me to ask if I'd like a lower interest rate! Was with cba for ten years prior and never received such a call.
staff are great, local branches and access to teller machine is good
Happy with the bank and the service when we first signed up as well as our options given when we recently came off a fixed rate. It was disappointing to see branch and atm leave our local town as that's why we first signed up.
Horrendous. I would rather have teeth pulled. Inept, and obstructive. Initially seemed okay but then the ground shifts, and agreed actions not followed up on. Process not streamlined and doesn't understand the documents sent, asks for other documents inconsistent with what is required because they haven't looked properly at what was sent
Bendigo Bank is for the community and it's community members. The staff are local and show genuine interest in their customers because of the social links within the community. Bendigo Bank offers competitive rates and the knowledge that your involvement in the bank goes bank in to the community is very satisfying.
Love the 6 offset accounts. Don’t like the monthly fee of $15. Service in our local branch, long waits and not always friendly. Good interest rate. Initial loan officer when taking out the loan fabulous.
Bendigo Bank is a highly decorated home loan lender, which experts agree makes them a very good choice if you’re looking for a home loan.
Bendigo Bank home loans won several accolades in the 2024 Mozo Experts Choice Awards, including an Exceptional Value Home Lender award. Its Express Home Loan product also won a Low Cost Home Loan, Offset Home Loan, and First Home Buyer Loan award in 2024.
With Bendigo Bank, owner-occupiers can apply for its Standard Residential Rate home loan with as little as an 8% deposit (92% LVR), according to the Mozo database. However, the reference rate is rather high.
For a more competitive rate from Bendigo Bank, the Express Home Loan is open for owner occupiers with at least a 10% house deposit (90% LVR).
With Bendigo Bank, you can make redraws online or by filling out a Loan Redraw Request form. To redraw your extra repayments through Bendigo e-Banking, you will need to fill out an Application for
Online Redraw form.
If you have a Bendigo Bank home loan, check your home loan schedule to see if there are any rules about fees, minimum redraw amounts, or limits.
However, redrawing your funds on a Bendigo Bank home loan usually doesn’t incur a fee, no matter if you perform the request online or in-person at a bank branch, according to the bank’s Lending Fees and Charges guide.
* 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.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
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While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.