Bendigo Bank home loan repayment calculator

Thinking about taking out a home loan with Bendigo Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Bendigo Bank home loans compare with other options.

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With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.04 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Extensive branch network.
  • Flexible package loans available.
  • Specialised loans, e.g. low doc and equity loans.
  • Monthly fees on some loans.
  • Rates vary by loan size.

Bendigo Bank home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.04%

Fixed - 4 years

$384

2.65%

$10 monthly
Bendigo Bank
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2.14%

Fixed - 3 years

$384

2.72%

$10 monthly
Bendigo Bank
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2.14%

Fixed - 2 years

$384

2.77%

$10 monthly
Bendigo Bank
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2.14%

Fixed - 1 year

$384

2.81%

$10 monthly
Bendigo Bank
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2.09%

Fixed - 4 years

$500

2.82%

$15 monthly
Bendigo Bank
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2.59%

Fixed - 1 year

$500

2.84%

$15 monthly
Bendigo Bank
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2.59%

Fixed - 2 years

$500

2.84%

$15 monthly
Bendigo Bank
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2.64%

Fixed - 5 years

$384

2.84%

$10 monthly
Bendigo Bank
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2.19%

Fixed - 3 years

$500

2.89%

$15 monthly
Bendigo Bank
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2.69%

Variable

$384

2.90%

$10 monthly
Bendigo Bank
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2.19%

Fixed - 2 years

$500

2.94%

$15 monthly
Bendigo Bank
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2.59%

Fixed - 3 years

$500

2.94%

$15 monthly
Bendigo Bank
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2.69%

Variable

$500

2.98%

$15 monthly
Bendigo Bank
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2.19%

Fixed - 1 year

$500

2.99%

$15 monthly
Bendigo Bank
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2.69%

Fixed - 5 years

$500

3.00%

$15 monthly
Bendigo Bank
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2.89%

Fixed - 3 years

$384

3.03%

$10 monthly
Bendigo Bank
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2.79%

Fixed - 2 years

$384

3.06%

$10 monthly
Bendigo Bank
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2.54%

Fixed - 3 years

$384

3.08%

$10 monthly
Bendigo Bank
More details

2.79%

Variable

$500

3.08%

$15 monthly
Bendigo Bank
More details

2.74%

Fixed - 4 years

$384

3.11%

$10 monthly
Bendigo Bank
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2.79%

Fixed - 1 year

$384

3.11%

$10 monthly
Bendigo Bank
More details

2.54%

Fixed - 2 years

$384

3.12%

$10 monthly
Bendigo Bank
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2.54%

Fixed - 1 year

$384

3.16%

$10 monthly
Bendigo Bank
More details

2.74%

Fixed - 3 years

$384

3.17%

$10 monthly
Bendigo Bank
More details

2.94%

Fixed - 5 years

$384

3.17%

$10 monthly
Bendigo Bank
More details

3.44%

Variable

$384

3.17%

$10 monthly
Bendigo Bank
More details

2.94%

Fixed - 4 years

$384

3.18%

$10 monthly
Bendigo Bank
More details

2.94%

Fixed - 3 years

$500

3.20%

$15 monthly
Bendigo Bank
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3.14%

Fixed - 5 years

$384

3.22%

$10 monthly
Bendigo Bank
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2.74%

Fixed - 2 years

$384

3.23%

$10 monthly
Bendigo Bank
More details

2.84%

Fixed - 2 years

$500

3.23%

$15 monthly
Bendigo Bank
More details

3.64%

Fixed - 4 years

$384

3.23%

$10 monthly
Bendigo Bank
More details

3.44%

Variable

$500

3.24%

$15 monthly
Bendigo Bank
More details

3.04%

Variable

$384

3.25%

$10 monthly
Bendigo Bank
More details

3.64%

Fixed - 5 years

$384

3.25%

$10 monthly
Bendigo Bank
More details

2.74%

Fixed - 1 year

$384

3.28%

$10 monthly
Bendigo Bank
More details

2.84%

Fixed - 1 year

$500

3.29%

$15 monthly
Bendigo Bank
More details

2.79%

Fixed - 3 years

$500

3.33%

$15 monthly
Bendigo Bank
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2.99%

Fixed - 4 years

$500

3.34%

$15 monthly
Bendigo Bank
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3.04%

Variable

$500

3.34%

$15 monthly
Bendigo Bank
More details

3.54%

Variable

$500

3.35%

$15 monthly
Bendigo Bank
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3.19%

Fixed - 5 years

$500

3.38%

$15 monthly
Bendigo Bank
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2.79%

Fixed - 2 years

$500

3.39%

$15 monthly
Bendigo Bank
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3.09%

Variable

$500

3.39%

$15 monthly
Bendigo Bank
More details

3.44%

Variable

$384

3.39%

$10 monthly
Bendigo Bank
More details

3.69%

Fixed - 4 years

$500

3.40%

$15 monthly
Bendigo Bank
More details

3.69%

Fixed - 5 years

$500

3.41%

$15 monthly
Bendigo Bank
More details

3.14%

Variable

$500

3.44%

$15 monthly
Bendigo Bank
More details

2.79%

Fixed - 1 year

$500

3.45%

$15 monthly
Bendigo Bank
More details

3.44%

Variable

$500

3.47%

$15 monthly
Bendigo Bank
More details

3.54%

Variable

$500

3.57%

$15 monthly
Bendigo Bank
More details

3.29%

Variable

$500

3.59%

$15 monthly
Bendigo Bank
More details

2.79%

Fixed - 4 years

$500

3.69%

$15 monthly
Bendigo Bank
More details

2.99%

Fixed - 5 years

$500

3.69%

$15 monthly
Bendigo Bank
More details

3.44%

Variable

$500

3.75%

$15 monthly
Bendigo Bank
More details

3.84%

Variable

$500

3.88%

$15 monthly
Bendigo Bank
More details

Bendigo Bank customer service

Bendigo Bank offers a number of contact methods for potential home loan customers. The bank has a general phone line for customer enquiries, as well as separate line for customer feedback. Customers can also contact the bank via email or online, or for more immediate enquiries, can meet with Bendigo Bank staff at one of their customer service outlets or branches.

  • Customer service centre (phone, email, branch)
  • Mobile app
  • Online banking
  • Live Chat
  • Mobile banking staff

How to Apply

Potential home loan customers at Bendigo Bank can apply for a loan in a number of ways. There is an online application form, as well as the option to call the bank or visit in person at a local branch. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This may include:

  • Proof of identity.
  • Proof of employment and income.
  • Information on current loans, liabilities and debts.
  • Details of other assets and earnings.

About Bendigo Bank home loans

Because of its smaller size, Bendigo Bank offers a thinner range of mortgages than you might find with Australia’s big four banks. However, Bendigo Bank’s home loans still cater to a variety of mortgage borrowers in Australia:

  • First home buyers
  • Upgraders
  • Investors
  • Renovators
  • Self-employed (low-doc loans)
  • Lines of credit

Those who borrow with Bendigo Bank can choose from a range of interest rate options:

  • Variable rate
  • Fixed rate
  • Principal-and-interest
  • Interest-only

Customers who package their home loan with another Bendigo Bank product may be eligible for a discounted interest rate.

Bendigo Bank home loans have a maximum loan term of 30 years. Repayments can be made weekly, fortnightly or monthly. Some mortgages offer redraw facilities, offset facilities and unlimited additional repayments.

Bendigo Bank home loan rates tend to be moderate for both investors and owner-occupiers.

Bendigo Bank home loan rates

Bendigo Bank home loan rates vary between mortgages but tend to be moderate in most categories. While their rates are not the lowest on the market, they aren’t the highest either.

As a general rule, Bendigo Bank charges lower interest rates for owner-occupiers and higher rates for investors. Customers who choose to pay principal-and-interest receive a lower rate than those who pay interest-only.

Interest rates differ between variable and fixed loans as well. Bendigo Bank variable interest loans tend to have lower rates than fixed-rate loans. Fixed-rate loans can have terms of up to five years. In general, the longer you want to fix, the higher the interest rate.

Bendigo Bank home loan rates also vary depending on the sum of the loan. Higher loan sums often attract lower interest rates.

Bendigo Bank home loans review

Although based in Victoria, Bendigo Bank provides home loans to borrowers across the country. They offer mortgages to suit first home buyers, upgraders, investors and renovators. Low-doc loans are available, as well as lines of credit.

Bendigo Bank home loans can be principal-and-interest or interest-only, while borrowers can choose for their interest rates to be variable or fixed. Customers can fix their rate for up to five years.

In terms of interest rates, Bendigo Bank tends to sit in the middle of the spectrum, with owner-occupiers who choose a variable principal-and-interest rate getting the lowest rate.

While Bendigo Bank home loans rates are moderate, the upfront and ongoing fees tend to be moderately low. Home loan customers may be charged a settlement fee, valuation fee and guarantee administration fee, while redraw facilities are free.

Learn more about Bendigo Bank

What happens to my home loan when interest rates rise?

If you are on a variable rate home loan, every so often your rate will be subject to increases and decreases. Rate changes are determined by your lender, not the Reserve Bank of Australia, however often when the RBA changes the cash rate, a number of banks will follow suit, at least to some extent. You can use RateCity cash rate to check how the latest interest rate change affected your mortgage interest rate.

When your rate rises, you will be required to pay your bank more each month in mortgage repayments. Similarly, if your interest rate is cut, then your monthly repayments will decrease. Your lender will notify you of what your new repayments will be, although you can do the calculations yourself, and compare other home loan rates using our mortgage calculator.

There is no way of conclusively predicting when interest rates will go up or down on home loans so if you prefer a more stable approach consider opting for a fixed rate loan.

What is a variable home loan?

A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.

What is a fixed home loan?

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

Interest Rate

Your current home loan interest rate. To accurately calculate how much you could save, an accurate interest figure is required. If you are not certain, check your bank statement or log into your mortgage account.

How can I get a home loan with no deposit?

Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.

What is the amortisation period?

Popularly known as the loan term, the amortisation period is the time over which the borrower must pay back both the loan’s principal and interest. It is usually determined during the application approval process.

What is bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

Monthly Repayment

Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

What is a specialist lender?

Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks.

That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia.

Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks.

Mortgage Calculator, Repayments

The money you pay back to your lender at regular intervals. 

Mortgage Balance

The amount you currently owe your mortgage lender. If you are not sure, enter your best estimate.

Mortgage Calculator, Loan Amount

How much you intend to borrow. 

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.