Bendigo Bank Home Loans

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Your guide to comparing Bendigo Bank home loan offers.

Bendigo Bank traces its origins back more than 150 years to Bendigo Bank in Victoria and Adelaide Bank in South Australia. Both started out as building societies, but merged in 2007 to create an organisation driven to be Australia's most customer-connected bank. Bendigo Bank offers a diverse range of financial products and services to its customers.

Compare Bendigo Bank home loans

Rates last updated November 20th, 2017
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
5.48%
5.66%
$150
$10 monthly ($120 p.a.)
95%
Bendigo Bank Connect Fixed Rate Home Loan - 3 Years Fixed Rate (Owner Occupier, IO)
4.59%
4.99%
$150
$20 monthly ($240 p.a.)
95%
5.68%
5.86%
$150
$10 monthly ($120 p.a.)
95%
6.48%
6.73%
$150
$10 monthly ($120 p.a.)
90%
6.01%
6.19%
$150
$10 monthly ($120 p.a.)
0%
4.58%
4.63%
$150
$0 p.a.
95%
5.88%
$150
$10 monthly ($120 p.a.)
90%
4.98%
5.04%
$150
$0 p.a.
95%
4.88%
4.94%
$150
$0 p.a.
95%
4.68%
4.73%
$150
$0 p.a.
95%
Bendigo Bank Connect Package Home Loan - > $500,000 (Owner Occupier, P&I)
4.23%
4.52%
$150
$20 monthly ($240 p.a.)
95%
Bendigo Bank Basic Variable Rate Home Loan - (Owner Occupier, P&I)
4.38%
4.56%
$150
$10 monthly ($120 p.a.)
95%
Bendigo Bank Connect Fixed Rate Home Loan - 2 Years Fixed Rate (Owner Occupier, P&I)
3.89%
4.70%
$150
$20 monthly ($240 p.a.)
95%
Bendigo Bank Basic Fixed Rate Home Loan - 2 Years Fixed (Investor, P&I)
4.39%
5.11%
$150
$10 monthly ($120 p.a.)
80%

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Who is Bendigo Bank?

Bendigo Bank offers a wide array of banking services to its 1.5 million customers across Australia. Its suite of products includes transaction and savings accounts, credit cards, insurance packages, term deposits and a number of business banking solutions.

The bank offers home loans to suit a range of borrowing needs. Loans are available with fixed or variable interest rates and features such as flexible repayment options and no monthly fees, and there’s even a loan that rewards borrowers for building an energy-efficient home. For more information about Bendigo Bank’s home loan range, read on.

Home loans available through Bendigo Bank

Residential Variable home Loan

This loan offers borrowers flexibility and a range of features. Boasting a competitive variable interest rate, the loan lets you choose from weekly, fortnightly or monthly repayments. Extra repayments are also allowed to help you pay off your loan sooner.

You then have the ability to access those additional repayments using online redraw, while a linked offset account lets you save on interest. The loan also entitles you to receive a full transaction fee rebate on eligible accounts.

Fixed Rate home loans

The Fixed Rate Home Loan protects you against rate rises and helps give certainty when managing your budget. Weekly, fortnightly or monthly payments are available, while you can save interest with a partial offset account. This loan also entitles you to an interest rate discount on a Bendigo Ready Red credit card.

Interest-Only Term home loans

This loan offers borrowers the chance to buy an investment property or land and pay only the interest portion of their loan for a set term. Be aware, however, that interest-only payments will not reduce the principal you owe on your home loan.

Other features include flexible repayment schedules, an offset account, and a full transaction fee rebate on eligible accounts.

Home Equity loan

The Home Equity Loan lets you tap into the equity in your home to free up funds. This loan offers flexibility in the timing and size of your repayments. In fact, you can pay as much or as little as you choose, as long as you keep the balance below the approved credit limit.

Generation Green home loan

The Generation Green Home Loan rewards you for building or buying an energy-efficient home. You receive a reduction of the Standard Variable Home Loan rate, along with no monthly service fees on your loan.

Flexible repayment options are available and you also have the option to make unlimited additional repayments. Manual and online redraw is also available.

About how to compare home loans

What information do you need and how do you apply for a Bendigo Bank home loan?

The process of applying for a Bendigo Bank home loan is simple and straightforward and can be done online, over the phone or in a local branch. Make sure you have the appropriate information ready for when you do apply, below is some of the information that will be needed.

Personal information

All borrowers will need to submit their contact details, such as their tax file number, driver's licence number, passport number and whatever else Bendigo Bank may require. You might also need to give them details about your employer.

Property information

Bendigo Bank will require you to submit some of the paperwork surrounding the property you're buying, including the Contract of Sale and any other vital documents. They'll also require you to get a property valuation, which they'll use in the approval of your home loan.

Financial information

As with any home loan lender, Bendigo Bank will want to ensure you have the capacity to pay back your home loan. This means they'll want to verify your income by seeing recent payslips and tax returns. They'll also want to be familiar with your current debt loan, as well as any assets you have.

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This page was last modified on 12 September 2017 at 2:32pm.

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2 Responses

  1. Default Gravatar
    JenniferMarch 30, 2015

    what would the interest rate be for a Home Equity Loan of $20,000. Value of the house is at least $1m no mortgages. Repayments interest only.

    • Staff
      ShirleyMarch 31, 2015Staff

      Hi Jennifer,

      Thanks for your question.

      The interest rate for the Bendigo Home Equity loan <$50,000 is currently 5.86% p.a. If you would like to discuss your eligibility or options, please get in touch with Bendigo Bank directly by clicking on ‘More info’.

      Cheers,
      Shirley

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