Adelaide Bank

One of the six largest banks in Australia, Adelaide Bank was established in 1994. Originating from Australia’s largest building society, the Co-operative Building Society of South Australia, Adelaide Bank’s legacy goes back more than 100 years.

Adelaide Bank is among Australia’s leading lenders and manages assets of over $17 billion from its headquarters in South Australia. Adelaide Bank customers have access to over 2000 ATMs across Australia.

Adelaide Bank is well known for its user-friendly products and offers a wide range including insurances, bank accounts, credit cards and home loans. It’s believed to generate more than three per cent of Australian mortgage loan approvals annually.

Since a merger with Bendigo Bank in 2007, Adelaide Bank has operated as a dedicated lending business specialising in providing mortgage and loan services to everyday banking customers.

Adelaide Bank Home Loan Calculator

Interested in an Adelaide Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Adelaide Bank compares to its competitors. Simply plug in your borrowing amount below. 

Pros:
  • 100 per cent offset is available on most home loans (not including the SmartSaver loan).
  • All loans offer a choice between principal and interest or interest only repayments.
  • Can accommodate people with smaller deposits.
  • Extra repayments are allowed on all home loans, with some capping additional repayments at $20,000.
Cons:
  • Ongoing monthly fees apply to most home loans (not including the SmartSaver loan).
  • Not all accounts offer equity release.
  • No package deals are offered.
Adelaide Bank customer service:

Adelaide Bank home loan customers can get in touch with their mortgage provider in a variety of different ways. Depending on the needs of the customer it’s possible to speak to the bank directly either face-to-face in branch or by calling the customer service centre. Customers with access to the internet can obtain a full overview of their Adelaide Bank accounts online or via their mobile app. It’s also possible to get in touch via email. If a home loan customer’s personal circumstances change and they need to seek assistance restructuring their repayments, Adelaide Bank offers a financial hardship hotline.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Branch

Adelaide Bank home loans

SmartSaver Home Loan (Principal and Interest) (LVR < 90%)
Advertised rate
4.04%Variable
Upfront fee
$495.00
Comparison rate*
4.08%
Ongoing fee
$0
Compare
SmartFit Home Loan (Principal and Interest) (LVR < 90%)
Advertised rate
4.09%Variable
Upfront fee
$495.00
Comparison rate*
4.31%
Ongoing fee
$15 monthly
Compare
SmartSaver Fixed Home Loan (Principal and Interest) 1 Year
Advertised rate
4.17%Fixed - 1 year
Upfront fee
$495.00
Comparison rate*
4.41%
Ongoing fee
$0
Compare
SmartSaver Fixed Home Loan (Principal and Interest) 2 Years
Advertised rate
4.35%Fixed - 2 years
Upfront fee
$495.00
Comparison rate*
4.42%
Ongoing fee
$0
Compare
SmartSaver Home Loan (Principal and Interest) (LVR 90%-95%)
Advertised rate
4.39%Variable
Upfront fee
$495.00
Comparison rate*
4.43%
Ongoing fee
$0
Compare
SmartSaver Fixed Home Loan (Principal and Interest) 3 Years
Advertised rate
4.48%Fixed - 3 years
Upfront fee
$495.00
Comparison rate*
4.45%
Ongoing fee
$0
Compare
SmartFix Home Loan (Principal and Interest) 1 Year
Advertised rate
4.17%Fixed - 1 year
Upfront fee
$495.00
Comparison rate*
4.67%
Ongoing fee
$15 monthly
Compare
SmartFix Home Loan (Principal and Interest) 2 Years
Advertised rate
4.35%Fixed - 2 years
Upfront fee
$495.00
Comparison rate*
4.68%
Ongoing fee
$15 monthly
Compare
SmartFix Home Loan (Principal and Interest) 3 Years
Advertised rate
4.48%Fixed - 3 years
Upfront fee
$495.00
Comparison rate*
4.70%
Ongoing fee
$15 monthly
Compare
SmartFit Home Loan (Principal and Interest) (LVR 90%-95%)
Advertised rate
4.49%Variable
Upfront fee
$495.00
Comparison rate*
4.70%
Ongoing fee
$15 monthly
Compare
SmartSaver Fixed Investment Loan (Principal and Interest) 2 Years
Advertised rate
4.45%Fixed - 2 years
Upfront fee
$495.00
Comparison rate*
4.85%
Ongoing fee
$0
Compare
SmartSaver Fixed Investment Loan (Principal and Interest) 1 Year
Advertised rate
4.27%Fixed - 1 year
Upfront fee
$495.00
Comparison rate*
4.87%
Ongoing fee
$0
Compare
SmartFix Investment Loan (Principal and Interest) 2 Years
Advertised rate
4.45%Fixed - 2 years
Upfront fee
$495.00
Comparison rate*
5.10%
Ongoing fee
$15 monthly
Compare
SmartFix Investment Loan (Principal and Interest) 1 Year
Advertised rate
4.27%Fixed - 1 year
Upfront fee
$495.00
Comparison rate*
5.13%
Ongoing fee
$15 monthly
Compare

How to Apply

To begin the process of arranging a home loan, borrowers will need to apply online or in branch to arrange a face-to-face interview with a mortgage broker. Adelaide Bank has a network of over 5000 approved mortgage brokers across Australia who will facilitate the entire process for customers. Before meeting a broker it’s recommended that those seeking a mortgage look at the range of home loans available and consider how much they can afford to borrow, and over what time period. Even when applying for the paperwork-light SmartDoc and SmartDoc Plus loans it’s likely that some documents will be required upon application. These may include:

  • Personal identification.
  • Details of current assets, including estimated values.
  • Details of current debts, including credit limits.
  • Gross income.
  • Estimated value of any property offered as security.
  • Details of deposit and equity.
  • Previous mortgage statements (for refinancers).
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