Bendigo Bank Green Loan


The Bendigo Bank Green Home Loan rewards you for renovating or building an energy- or water-efficient home.

To be eligible for the rate reduction, your building or renovation must either comply with minimum environmental standards or you must be installing a minimum of two sustainable features like solar hot water or double glazing.

Aside from the discounted interest rate, this loan gives the choice between weekly, fortnightly or monthly loan repayments and comes with the option of a saving interest by using the 100 percent offset account.

If you’re looking for flexibility, you can find it in the redraw facility from which you can redraw any of the unlimited additional repayments you’ve made.

When the Green Loan is packaged with other Bendigo Bank accounts, you’ll get access to further discounts on credit cards and other financial products like insurance.

While this is a variable home loan product, your loan can be split with other Bendigo Bank loans, giving you the option of fixing part of the loan for a set period of time.

This loan also has the option of paying interest-only. 

For borrowers with a smaller deposit, the Bendigo Bank Generation Green Home Loan will lend you up to 95 percent of the purchase price, however loans over 80 percent will need to pay lenders mortgage insurance.

Review - What RateCity says

There aren’t many loans on the market that incentivise and reward sustainable borrowers, so if you are environmentally conscious or are contemplating buying a sustainably built home then this loan has some nice features.

The standard variable rate is on the high side, however the Green Home Loan does offer discounts on the standard variable rate. In terms of maintenance, this loan is a fairly fuss-free option and the lack of ongoing monthly and annual fees is worth noting.

There is potential for further rate reductions when this loan is packaged with other accounts like credit cards and transaction accounts, which may also be worth consideration.

Bendigo Bank Green Loan Options

The Bendigo Bank Green Home Loan offers you a discounted rate on its Standard Variable Home Loan rate if you build or buy an energy-efficient home. Click here to find an energy efficient loan.

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  • Potential for further discounts and fees waivers.
  • 100 per cent offset account.
  • No ongoing monthly or annual fees.
  • Minimum redraw amount.
  • Not available for investors.
  • Entry and exit fees.

Need to meet lender’s ‘green’ criteria.

Proof of income and employment.

Provide a list of assets and liabilities.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Estimated upfront fees: $250.00
  • Discharge fees: $300
  • Ongoing fees: $0 monthly

The Bendigo Bank Green Home Loan has no ongoing monthly or annual fees and offers discounts on the residential variable rate.

The establishment and discharge fees are average and a small redraw fee applies if the withdrawal is made in a branch, however this is waived for online banking.

If combined with other accounts, you could save on transaction fees and receive a discount on the Bendigo Red Credit Card and home insurance.

  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
About Bendigo Bank

Bendigo Bank began as a building society in 1858, but merged in 2007 with Adelaide Bank in South Australia to create Australia's most customer-connected bank. Today, Bendigo Bank offers a wide range of home loan and financial products and services.

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