Rates and fees verified as correct at 29 September, 2021. Other information correct at the time of writing. Advertiser disclosure.
If you’re busy scouring the market for a fixed rate that rewards you with some flexibility, Bendigo Bank’s fixed rate home loans could be a good choice. You can borrow up to 90% LVR, plus 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). You can also save on interest over the term of your loan by using either a full interest offset facility with the Complete Home Loan or a partial one with the Express Home Loan. With both options, there's a monthly account fee to consider.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 3.09% p.a. | 3.13% p.a. | $15.00 monthly | $734 | ||
| 2.34% p.a. | 2.85% p.a. | $15.00 monthly | $734 | ||
| 3.04% p.a. | 2.65% p.a. | $10.00 monthly | $470 | ||
| 2.29% p.a. | 2.31% p.a. | $10.00 monthly | $470 | ||
| 2.94% p.a. | 3.25% p.a. | $15.00 monthly | $734 | ||
| 2.74% p.a. | 3.14% p.a. | $15.00 monthly | $734 | ||
| 2.89% p.a. | 3.21% p.a. | $10.00 monthly | $470 | ||
| 2.69% p.a. | 3.12% p.a. | $10.00 monthly | $470 |
Bendigo Bank caters to everyone from the first home buyer to the property investor with its variable home loan options. Depending on which loan you pick, the maximum LVR can range from 90%-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 able to access additional benefits including a full transaction fee rebate on all of your eligible transaction accounts.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
| 3.54% p.a. | 3.78% p.a. | $15.00 monthly | $734 | ||
| 3.44% p.a. | 3.68% p.a. | $15.00 monthly | $734 | ||
| 2.69% p.a. | 2.94% p.a. | $15.00 monthly | $734 | ||
| 3.09% p.a. | 3.33% p.a. | $15.00 monthly | $734 | ||
| 2.59% p.a. | 2.84% p.a. | $15.00 monthly | $734 | ||
| 3.29% p.a. | 3.53% p.a. | $15.00 monthly | $734 | ||
| 3.44% p.a. | 2.75% p.a. | $10.00 monthly | $470 | ||
| 2.09% p.a. | 2.26% p.a. | $10.00 monthly | $470 | ||
| 5.19% p.a. | 5.36% p.a. | $10.00 monthly | $734 | ||
| 4.78% p.a. | 4.95% p.a. | $10.00 monthly | $734 | ||
| 3.54% p.a. | 3.78% p.a. | $15.00 monthly | $734 | ||
| 3.44% p.a. | 3.68% p.a. | $15.00 monthly | $734 | ||
| 2.94% p.a. | 3.19% p.a. | $15.00 monthly | $734 | ||
| 3.44% p.a. | 3.68% p.a. | $15.00 monthly | $734 | ||
| 2.84% p.a. | 3.09% p.a. | $15.00 monthly | $734 | ||
| 3.44% p.a. | 3.39% p.a. | $10.00 monthly | $470 | ||
| 3.04% p.a. | 3.21% p.a. | $10.00 monthly | $470 | ||
| 5.81% p.a. | 5.98% p.a. | $10.00 monthly | $734 | ||
| 5.36% p.a. | 5.53% p.a. | $10.00 monthly | $734 |
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.
Many of Bendigo Bank’s home loans allow you to borrow up to 90-95% 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.
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 Express Home Loan.
Mozo users have rated Bendigo Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
713 Reviews
Very pleasant people to deal with, prompt service and competitive rates.
Read full reviewVery pleasant people to deal with, prompt service and competitive rates.
I think they really need to look into their customer service of their Bendigo Central branch. I have been a customer for years and had great service until recently they never ever get back to you whether you call them or write to them. If you are in a hurry forget them, they will never stick to a timeline they promise you.
Read full reviewI think they really need to look into their customer service of their Bendigo Central branch. I have been a customer for years and had great service until recently they never ever get back to you whether you call them or write to them. If you are in a hurry forget them, they will never stick to a timeline they promise you.
Just make sure you are aware of the fixed loan rates. The bank can still do more in customer service. Especially when you have paid off a loan they are absolutely lacking in any gratitude.
Read full reviewJust make sure you are aware of the fixed loan rates. The bank can still do more in customer service. Especially when you have paid off a loan they are absolutely lacking in any gratitude.
We have been with Bendigo bank for some time now they came to us to set up our home loan and again when our interest rate changes, just to make sure we are getting the best deal. There staff are friendly and helpful in-branch and online, cannot fault there service.
Read full reviewWe have been with Bendigo bank for some time now they came to us to set up our home loan and again when our interest rate changes, just to make sure we are getting the best deal. There staff are friendly and helpful in-branch and online, cannot fault there service.
Excellent customer service. Competitive rates. Give back to the community.
Read full reviewExcellent customer service. Competitive rates. Give back to the community.
When you apply for a Bendigo Bank home loan online, make sure you're at least 18 years old, using the loan for personal purposes, and employed with a regular income source. You may need the following details handy: