Bendigo Bank Home Loans

Rates and Fees verified correct on October 28th, 2016
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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.

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.

In regards to home loans, the bank offers six 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 attractive features. Boasting a low 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, as the required payments are kept to a minimum to allow greater cash flow. Boasting a competitive rate, the loan only requires you to make payments on your loan’s interest.

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 for things like investments. Boasting a competitive variable interest rate, 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

Pros and cons of Bendigo Bank home loans


  • Rebates. Bendigo Bank loans come with a full transaction fee rebate on eligible accounts, which is a great way for you to save money.
  • Other discounts. Some loans also make you eligible for an interest rate discount on a Bendigo Ready Red credit card.
  • Choice. Bendigo Bank offers a large range of home loans to choose from, making it an attractive prospect for a wide range of borrowers.
  • Innovation. The Generation Green Home Loan is an innovative product that encourages people to build and buy energy-efficient homes. It’s a great way to reward people for helping the environment.


  • Fees. Keep an eye out for things like application and redraw fees attached to Bendigo Bank 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 1 September 2016 at 13:45.

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2 Responses to Bendigo Bank Home Loans

  1. Default Gravatar
    Jennifer | March 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
      Shirley | March 31, 2015

      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’.


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