8.2 / 10

based on 7668 reviews as rated by Mozo community

Bendigo Bank home loans

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.

What home loans do Bendigo Bank offer?

Rates and fees verified as correct at 25 November, 2020. 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 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 ‡

2.94% p.a.

3.63% p.a.

$15.00 monthly

$734

2.19% p.a.

2.89% p.a.

$15.00 monthly

$734

2.89% p.a.

3.03% p.a.

$10.00 monthly

$479

2.14% p.a.

2.72% p.a.

$10.00 monthly

$479

2.79% p.a.

3.59% p.a.

$15.00 monthly

$734

2.59% p.a.

3.25% p.a.

$15.00 monthly

$734

2.74% p.a.

3.17% p.a.

$10.00 monthly

$479

2.54% p.a.

3.08% p.a.

$10.00 monthly

$479

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 ‡

3.54% p.a.

3.78% p.a.

$15.00 monthly

$734

3.44% p.a.

3.68% p.a.

$15.00 monthly

$734

2.79% p.a.

3.04% p.a.

$15.00 monthly

$734

3.09% p.a.

3.33% p.a.

$15.00 monthly

$734

2.69% p.a.

2.94% p.a.

$15.00 monthly

$734

3.29% p.a.

3.53% p.a.

$15.00 monthly

$734

3.44% p.a.

3.17% p.a.

$10.00 monthly

$479

2.69% p.a.

2.86% p.a.

$10.00 monthly

$479

5.19% p.a.

5.37% p.a.

$10.00 monthly

$904

4.78% p.a.

4.96% p.a.

$10.00 monthly

$904

3.54% p.a.

3.78% p.a.

$15.00 monthly

$734

3.44% p.a.

3.68% p.a.

$15.00 monthly

$734

3.14% p.a.

3.38% p.a.

$15.00 monthly

$734

3.44% p.a.

3.68% p.a.

$15.00 monthly

$734

3.04% p.a.

3.29% p.a.

$15.00 monthly

$734

3.44% p.a.

3.39% p.a.

$10.00 monthly

$479

3.04% p.a.

3.21% p.a.

$10.00 monthly

$479

5.81% p.a.

5.99% p.a.

$10.00 monthly

$904

5.36% p.a.

5.54% p.a.

$10.00 monthly

$904

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.

‡ 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.

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

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 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 Rate home loan.

Image of coins

Environmental 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.

Image of coins

Additional 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 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
8.3/10
Price
Features
Customer service
Convenience
Trust

705 Reviews

Recent Bendigo Bank home loan reviews

Bendigo Bank Home Loan review
Overall 10/10
Save $5 for every extra $1 paid off the loan.

I’ve been very happy with Bendigo since signing up with them 14 years ago. I especially like the fact that for every extra dollar I pay off the loan it will save me $5. How can that be bad. The staff are fantastic and friendly, always ready willing and able.

Read full review

I’ve been very happy with Bendigo since signing up with them 14 years ago. I especially like the fact that for every extra dollar I pay off the loan it will save me $5. How can that be bad. The staff are fantastic and friendly, always ready willing and able.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Faye, Western Australia reviewed 11 days ago
Bendigo Bank Complete Home Loan Variable review
Overall 9/10
Top bank with excellent products.

They have excellent rates, great customer service and easily accessors apps, branches and ATMs.

Read full review

They have excellent rates, great customer service and easily accessors apps, branches and ATMs.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Sandy, Tasmania reviewed 11 days ago
Bendigo Bank Variable Rate Residential review
Overall 1/10
ASSHOLES

I enquired about a house loan. Spoke with a specialist. Bending mobile lender. Underwood area Queensland. After supplying lots of details and discussions, she suggested a loan of $600,000. We put in $140.000. Purchase price was $740,000. After several weeks my application was rejected. I asked the specialist how much would they lend. She said. $440,000. I said ok, I will put $300,000 towards purchase. One week later my application got rejected. Now unable to purchase owner occupied home. And have now got 2 loan declines on my lending history.

Read full review

I enquired about a house loan. Spoke with a specialist. Bending mobile lender. Underwood area Queensland. After supplying lots of details and discussions, she suggested a loan of $600,000. We put in $140.000. Purchase price was $740,000. After several weeks my application was rejected. I asked the specialist how much would they lend. She said. $440,000. I said ok, I will put $300,000 towards purchase. One week later my application got rejected. Now unable to purchase owner occupied home. And have now got 2 loan declines on my lending history.

Customer service
3/10
Trust
1/10
Less
Simon, Queensland reviewed 16 days ago
Bendigo Bank Complete Home Loan Variable review
Overall 7/10
Personal Manager connection.

Good relationship with bank manager, who updates us on better products.

Read full review

Good relationship with bank manager, who updates us on better products.

Price
5/10
Features
5/10
Customer service
9/10
Convenience
9/10
Trust
10/10
Less
Donna, Victoria reviewed 23 days ago
Bendigo Bank Express Home Loan review
Overall 1/10
Disgrace, attitude of customer is inconvenience.

Absolutely shocking bank - both at branch level and Bendigo customer service - haha - what customer service! They are very arrogant and treat the customer as fools. Loan terms differed upon receiving documents, I believe, purposely not available until a few days to settlement. No time to go back to any other lender. It felt that this was their normal routine with everyone. Not acceptable for me. So grateful it was closed quickly, and went with Westpac. Now a few years on, Westpac are amazing. Writing this review as Bendigo had to send a refund cheque. Two years to check the accounts and they, or their auditor, discovered mistake. No contact prior, no apology. Deducted fees from the amount calculated.

Read full review

Absolutely shocking bank - both at branch level and Bendigo customer service - haha - what customer service! They are very arrogant and treat the customer as fools. Loan terms differed upon receiving documents, I believe, purposely not available until a few days to settlement. No time to go back to any other lender. It felt that this was their normal routine with everyone. Not acceptable for me. So grateful it was closed quickly, and went with Westpac. Now a few years on, Westpac are amazing. Writing this review as Bendigo had to send a refund cheque. Two years to check the accounts and they, or their auditor, discovered mistake. No contact prior, no apology. Deducted fees from the amount calculated.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
San, Victoria reviewed about 1 month ago

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. 

Home loan quick links