Important disclosure

Bendigo & Adelaide Bank Ltd

Express Home Loan

  • Owner Occupied
  • Variable
  • 10% min deposit
  • P&I

special

Fast Online Approval. T&Cs apply.
Interest Rate

5.97%

p.a

Comparison Rate*

6.12%

p.a

RateCity says

“Enjoy a competitive interest rate and features on a home loan that won in the 2022 RateCity Awards.”

Real Time Rating™
Tags
  • Owner Occupied
  • Variable
  • 10% min deposit
  • P&I
Interest Rate

5.97%

p.a

Comparison Rate*

6.12%

p.a

Monthly Repayment

$3,212

based on $500,000 loan amount for 25 years at 5.97%

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Australian Credit Licence 237879Fees & charges apply

Calculate your repayments for this loan

$

Your estimated repayment

$3,212

based on $500,000 loan amount for 25 years at 5.97%

Pros and cons

For Express Home Loan (Principal and Interest)

Benefits

  • Interest rates ranked in the best 20%
  • 100% full offset account
  • Extra repayments and redraw facility
  • Free redraw facility

Drawbacks

  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Bendigo Bank Variable Rate Home loan overview

For Express Home Loan (Principal and Interest)

Details

Maximum LVR

90%

Total Repayments

Interest rate type

Variable

Borrowing range

Suitable for

Owner Occupiers

Loan term range

0 - 30 years

Repayment type

Principal and Interest

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Repayment options

Monthly

Target Market Determination

Visit Bendigo & Adelaide Bank Ltd to view Target Market Determination.

Features

Extra repayments

Unlimited

Redraw facility

Redraw fee: $0

Split interest facility

Loan portability

Repayment holiday available

Allow guarantors

Available for first home buyers

Other benefits

Fees

Total estimated upfront fees

$250

Application fee

$250

Valuation fee

$0

Settlement fee

$0

Other upfront fee

$0

Ongoing fee

$10

Discharge fee

$350

Specials
  • Other Fast Online Approval. T&Cs apply.

How to apply

If you'd like to apply for this product or just get more information, follow the application process on Bendigo Bank.

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $5k to $3,000,000.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

What's the maximum length for this loan?

Bendigo & Adelaide Bank Ltd allows you to have this loan for a range of 0 to 30 years.

How often can you make repayments?

Bendigo & Adelaide Bank Ltd allows you to make repayments to this loan option through one of the following repayment schedules: monthly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $250 worth of upfront fees.

Does this loan come with a redraw facility?

Yes, this loan comes with a redraw, charged at $0 if you need to use it.

Where can you apply for this loan?

Bendigo & Adelaide Bank Ltd makes it possible to apply for this product online. Apply here.