based on 7925 Bendigo Bank product reviews as rated by Mozo community

Bendigo Bank home loans

Originating more than 160 years ago, Bendigo Bank provides banking and wealth management services to about 1.9 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.

What home loans do Bendigo Bank offer?

Rates and fees verified as correct at 5 March 2024. Other information correct at the time of writing. Advertiser disclosure.

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 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.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

6.54% p.a.

6.71% p.a.

$15.00 monthly

$250

6.04% p.a.

6.41% p.a.

$15.00 monthly

$250

6.54% p.a.

6.38% p.a.

$10.00 monthly

$134

6.04% p.a.

6.15% p.a.

$10.00 monthly

$134

6.49% p.a.

6.82% p.a.

$15.00 monthly

$250

6.39% p.a.

6.72% p.a.

$15.00 monthly

$250

6.49% p.a.

6.48% p.a.

$10.00 monthly

$134

6.39% p.a.

6.45% p.a.

$10.00 monthly

$134

Variable Rate Home Loans

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.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

7.39% p.a.

6.95% p.a.

$15.00 monthly

$250

7.09% p.a.

6.76% p.a.

$15.00 monthly

$250

6.24% p.a.

6.46% p.a.

$15.00 monthly

$250

6.49% p.a.

6.71% p.a.

$15.00 monthly

$250

6.14% p.a.

6.36% p.a.

$15.00 monthly

$250

7.39% p.a.

7.61% p.a.

$15.00 monthly

$250

6.72% p.a.

6.43% p.a.

$10.00 monthly

$134

6.01% p.a.

6.14% p.a.

$10.00 monthly

$134

9.44% p.a.

9.38% p.a.

$10.00 monthly

$250

9.03% p.a.

9.19% p.a.

$10.00 monthly

$250

7.09% p.a.

6.99% p.a.

$15.00 monthly

$250

6.79% p.a.

6.68% p.a.

$15.00 monthly

$250

6.54% p.a.

6.76% p.a.

$15.00 monthly

$250

6.89% p.a.

7.11% p.a.

$15.00 monthly

$250

6.24% p.a.

6.46% p.a.

$15.00 monthly

$250

6.42% p.a.

6.46% p.a.

$10.00 monthly

$134

6.29% p.a.

6.42% p.a.

$10.00 monthly

$134

10.06% p.a.

9.99% p.a.

$10.00 monthly

$250

9.61% p.a.

9.77% p.a.

$10.00 monthly

$250

Bendigo Bank home loan features in a glance

Repayment Icon

Extra 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.

Image of coins

Maximum 95% LVR

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.

Offset icon

Offset 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 Express Home Loan. 

How are Bendigo Bank home loans rated?

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.

Icon of home-loans
Bendigo Bank home loans
Overall
Price
Features
Customer service
Convenience
Trust

722 Reviews

Recent Bendigo Bank home loan reviews

Bendigo Bank Complete Home Loan Fixed
Overall 10/10
The most personal, best customer service !

Customer service is better than any other bank we've ever dealt with. We are treated like a person, not a number. Our local branch knows us by face and name. Our individual situation was considered when looking at what we could borrow. We will never go back to the big banks after switching to personalised Bendigo Bank. The best service around

Read full review

Customer service is better than any other bank we've ever dealt with. We are treated like a person, not a number. Our local branch knows us by face and name. Our individual situation was considered when looking at what we could borrow. We will never go back to the big banks after switching to personalised Bendigo Bank. The best service around

Price
7/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Heidi, New South Wales, reviewed 5 months ago
Bendigo Bank Complete Home Loan Fixed
Overall 9/10
Bendigo Bank has no competition, end story

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.

Read full review

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.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Carolyn, Victoria, reviewed 6 months ago
Bendigo Bank Home Loan
Overall 10/10
Love 6 offset accounts, don’t like $15 monthly fee

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.

Read full review

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.

Price
9/10
Features
10/10
Customer service
7/10
Convenience
6/10
Trust
8/10
Less
Nadya, Victoria, reviewed 6 months ago
Bendigo Bank Complete Home Loan Fixed
Overall 7/10
Great rates and very helpful service

Without the help and understanding of the Bendigo bank and its managers we wouldn’t be able to have afforded to build our first home. Thanks Tony and Colleen and the team at the Huonville branch.

Read full review

Without the help and understanding of the Bendigo bank and its managers we wouldn’t be able to have afforded to build our first home. Thanks Tony and Colleen and the team at the Huonville branch.

Price
10/10
Features
7/10
Customer service
10/10
Convenience
8/10
Trust
8/10
Less
Zachariah, Tasmania, reviewed 6 months ago
Bendigo Bank Home Loan
Overall 7/10
Good, but could be better.

Overall pretty helpful, except with interest rates rising and house insurance canceled through them as it skyrocketed.

Read full review

Overall pretty helpful, except with interest rates rising and house insurance canceled through them as it skyrocketed.

Price
3/10
Features
6/10
Customer service
10/10
Convenience
10/10
Trust
5/10
Less
Emma, Queensland, reviewed 8 months ago

What do you need to apply for a Bendigo Bank home loan?

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:

Home loan quick links