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Bendigo Bank is an Australian financial institution headquartered in Bendigo, Victoria. Bendigo Bank is a part of the Bendigo & Adelaide Bank Group, which began in 1858 from two building societies. Bendigo Bank now serves over 1.5 million customers in over 500 communities Australia-wide.

Bendigo Bank provides a range of home loans, including mortgages for first time home buyers, investors and upgraders, in addition to low-doc loans and green loans, which reward customers for sustainable building practices.

Bendigo Bank home loans

Basic Fixed Home Loan 2 Years (Principal and Interest)
Advertised rate
4.04%
Fixed - 2 years
Upfront fee
$250.00
Comparison rate*
4.58%
Ongoing fee
$10 monthly
Compare
Basic Fixed Home Loan 3 Years (Principal and Interest)
Advertised rate
4.24%
Fixed - 3 years
Upfront fee
$250.00
Comparison rate*
4.60%
Ongoing fee
$10 monthly
Compare
Basic Fixed Home Loan 1 Year (Principal and Interest)
Advertised rate
4.44%
Fixed - 1 year
Upfront fee
$250.00
Comparison rate*
4.66%
Ongoing fee
$10 monthly
Compare
Basic Home Loan (Principal and Interest)
Advertised rate
4.48%
Variable
Upfront fee
$250.00
Comparison rate*
4.66%
Ongoing fee
$10 monthly
Compare
Connect Package Home Loan (Principal and Interest) ($250k-$500k)
Advertised rate
4.43%
Variable
Upfront fee
$250.00
Comparison rate*
4.72%
Ongoing fee
$20 monthly
Compare
Connect Package Home Loan Fixed 2 Years (Principal and Interest)
Advertised rate
3.89%
Fixed - 2 years
Upfront fee
$250.00
Comparison rate*
4.78%
Ongoing fee
$20 monthly
Compare
Connect Package Home Loan Fixed 3 Years (Principal and Interest)
Advertised rate
4.09%
Fixed - 3 years
Upfront fee
$250.00
Comparison rate*
4.78%
Ongoing fee
$20 monthly
Compare
Basic Fixed Investment Loan 2 Years (Principal and Interest)
Advertised rate
4.39%
Fixed - 2 years
Upfront fee
$250.00
Comparison rate*
4.83%
Ongoing fee
$10 monthly
Compare
Basic Fixed Investment Loan 3 Years (Principal and Interest)
Advertised rate
4.49%
Fixed - 3 years
Upfront fee
$250.00
Comparison rate*
4.83%
Ongoing fee
$10 monthly
Compare
Connect Package Home Loan Fixed 5 Years (Principal and Interest)
Advertised rate
4.49%
Fixed - 5 years
Upfront fee
$250.00
Comparison rate*
4.86%
Ongoing fee
$20 monthly
Compare
Basic Fixed Investment Loan 1 Year (Principal and Interest)
Advertised rate
4.49%
Fixed - 1 year
Upfront fee
$250.00
Comparison rate*
4.87%
Ongoing fee
$10 monthly
Compare
Connect Package Home Loan Fixed 4 Years (Principal and Interest)
Advertised rate
4.49%
Fixed - 4 years
Upfront fee
$250.00
Comparison rate*
4.87%
Ongoing fee
$20 monthly
Compare
Connect Package Home Loan Fixed 1 Year (Principal and Interest)
Advertised rate
4.29%
Fixed - 1 year
Upfront fee
$250.00
Comparison rate*
4.89%
Ongoing fee
$20 monthly
Compare
Fixed Residential Home Loan 3 Years (Principal and Interest)
Advertised rate
4.24%
Fixed - 3 years
Upfront fee
$250.00
Comparison rate*
4.96%
Ongoing fee
$10 monthly
Compare
Fixed Residential Home Loan 2 Years (Principal and Interest)
Advertised rate
4.04%
Fixed - 2 years
Upfront fee
$250.00
Comparison rate*
4.98%
Ongoing fee
$10 monthly
Compare
Connect Package Investment Loan Fixed 3 Years (Principal and Interest)
Advertised rate
4.34%
Fixed - 3 years
Upfront fee
$250.00
Comparison rate*
5.01%
Ongoing fee
$20 monthly
Compare
Connect Package Investment Loan Fixed 2 Years (Principal and Interest)
Advertised rate
4.24%
Fixed - 2 years
Upfront fee
$250.00
Comparison rate*
5.03%
Ongoing fee
$20 monthly
Compare
Connect Package Investment Loan Fixed 1 Year (Principal and Interest)
Advertised rate
4.34%
Fixed - 1 year
Upfront fee
$250.00
Comparison rate*
5.10%
Ongoing fee
$20 monthly
Compare
Fixed Residential Home Loan 1 Year (Principal and Interest)
Advertised rate
4.44%
Fixed - 1 year
Upfront fee
$250.00
Comparison rate*
5.11%
Ongoing fee
$10 monthly
Compare
Fixed Residential Investment Loan 3 Years (Principal and Interest)
Advertised rate
4.49%
Fixed - 3 years
Upfront fee
$250.00
Comparison rate*
5.19%
Ongoing fee
$10 monthly
Compare
Fixed Residential Investment Loan 2 Years (Principal and Interest)
Advertised rate
4.39%
Fixed - 2 years
Upfront fee
$250.00
Comparison rate*
5.23%
Ongoing fee
$10 monthly
Compare
Fixed Residential Investment Loan 1 Year (Principal and Interest)
Advertised rate
4.49%
Fixed - 1 year
Upfront fee
$250.00
Comparison rate*
5.32%
Ongoing fee
$10 monthly
Compare
Pros:
  • Extensive branch network.
  • Flexible package loans available.
  • Specialised loans, e.g. low doc and equity loans.
Cons:
  • Monthly fees on some loans.
  • Rates vary by loan size.
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.

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