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
More details

2.14%

Fixed - 3 years

$384

2.72%

$10 monthly
Bendigo Bank
More details

2.14%

Fixed - 2 years

$384

2.77%

$10 monthly
Bendigo Bank
More details

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 - 2 years

$500

2.84%

$15 monthly
Bendigo Bank
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2.59%

Fixed - 1 year

$500

2.84%

$15 monthly
Bendigo Bank
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2.64%

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
More details

2.19%

Fixed - 2 years

$500

2.94%

$15 monthly
Bendigo Bank
More details

2.59%

Fixed - 3 years

$500

2.94%

$15 monthly
Bendigo Bank
More details

2.69%

Variable

$500

2.98%

$15 monthly
Bendigo Bank
More details

2.19%

Fixed - 1 year

$500

2.99%

$15 monthly
Bendigo Bank
More details

2.69%

Fixed - 5 years

$500

3.00%

$15 monthly
Bendigo Bank
More details

2.89%

Fixed - 3 years

$384

3.03%

$10 monthly
Bendigo Bank
More details

2.79%

Fixed - 2 years

$384

3.06%

$10 monthly
Bendigo Bank
More details

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
More details

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
More details

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
More details

3.14%

Fixed - 5 years

$384

3.22%

$10 monthly
Bendigo Bank
More details

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
More details

2.99%

Fixed - 4 years

$500

3.34%

$15 monthly
Bendigo Bank
More details

3.04%

Variable

$500

3.34%

$15 monthly
Bendigo Bank
More details

3.54%

Variable

$500

3.35%

$15 monthly
Bendigo Bank
More details

3.19%

Fixed - 5 years

$500

3.38%

$15 monthly
Bendigo Bank
More details

2.79%

Fixed - 2 years

$500

3.39%

$15 monthly
Bendigo Bank
More details

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.

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.

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.

Why should you trust Real Time Ratings?

Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.

Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.

If you have any feedback about Real Time Ratings™, please get in touch.

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.

How much information is required to get a rating?

You don’t need to input any information to see the default ratings. But the more you tell us, the more relevant the ratings will become to you. We take your personal privacy seriously. If you are concerned about inputting your information, please read our privacy policy.

How much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

Does each product always have the same rating?

No, the rating you see depends on a number of factors and can change as you tell us more about your loan profile and preferences. The reasons you may see a different rating:

  • Lenders have made changes. Our ratings show the relative competitiveness of all the products listed at a given time. As the listing change, so do the ratings.
  • You have updated you profile. If you increase your loan amount, the impact of different rates and fees will change which loans are the lowest cost for you.
  • You adjust your preferences. The more you search for flexible loan features, the more importance we assign to the Flexibility Score. You can also adjust your Flexibility Weighting yourself, which will recalculate the ratings with preference given to more flexible loans.

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time. 

Mortgage Calculator, Loan Results

These are the loans that may be suitable, based on your pre-selected criteria. 

What does going guarantor' mean?

Going guarantor means a person offers up the equity in their home as security for your loan. This is a serious commitment which can have major repercussions if the person is not able to make their repayments and defaults on their loan. In this scenario, the bank will legally be able to the guarantor until the debt is settled.

Not everyone can be a guarantor. Lenders will generally only allow immediate family members to act as a guarantor but this can sometimes be stretched to include extended family depending on the circumstances.

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.