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 | |
|---|---|---|---|---|---|---|
|
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 |
Go to site | ||
|
6.49% p.a. |
6.63% p.a. |
$15.00 monthly |
$250 |
|||
|
6.39% p.a. |
6.58% 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 |
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 | |
|---|---|---|---|---|---|---|
|
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 |
Go to site | ||
|
9.44% p.a. |
9.38% p.a. |
$10.00 monthly |
$250 |
|||
|
9.03% p.a. |
9.19% p.a. |
$10.00 monthly |
$250 |
|||
|
6.64% p.a. |
6.68% p.a. |
$15.00 monthly |
$250 |
|||
|
6.59% p.a. |
6.60% p.a. |
$15.00 monthly |
$250 |
|||
|
6.34% p.a. |
6.56% p.a. |
$15.00 monthly |
$250 |
|||
|
6.54% p.a. |
6.76% 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 |
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.
Have been with Bendigo bank for many years they always make sure we are getting the best products that suits our needs.
Read full reviewHave 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.
Read full reviewSign 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
Read full reviewstaff are great, local branches and access to teller machine is good
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
Read full reviewHorrendous. 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
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.
Read full reviewHappy 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.
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: