Overview |
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flagFounded: 1858 |
businessOwned by: Australian Securities Exchange (AXS) Listed |
monetization_onFunded by: Retail deposits and wholesale capital markets |
securityLMI Provider: QBE LMI, Genworth |
account_balanceLender type: Bank |
Bendigo Bank is not an available lender on our panel. This is a review only.
How Do Bendigo Bank’s Home Loans Compare?
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What Home Loan Types Does It Have?
Some of the common types of home loans Bendigo Bank provides are:- Fixed-rate loan
- Variable-rate loan
- Split home loan
- Interest-only home loan (available with almost all its loan products)
Express Home Loans
An Express Home Loan is a great choice for those who want a quick response from their lender and don’t want to spend time filling out paperwork. It has a 100% online format where your application gets assessed as you fill it. The features of an Express Home Loan are:- Fast online approval: If you pass the instant credit check, income assessment, valuation, and some basic automated verifications, you can get approved right after completing your application.
- Flexible repayment options: Your repayment type can be principal and interest or interest only. Your repayment frequency could be weekly, fortnightly or monthly. Plus, you could make additional repayments using their online redraw facility.
- Offset facility: A 100% offset is available with both fixed- and variable-rate loans. Competitive interest rates: It has interest rates as low as 1.99% (as of December 23, 2021).
- Expats or foreign residents
- Pre-approvals
- Off-the-plan or construction loans
- Someone living outside a capital city or major regional centre
- An unemployed person
Requirements To Apply For Bendigo Bank Home Loans
Below are the requirements to apply for home loans with Bendigo:- Be 18 years old or over.
- Be employed and/or have a regular income source. For joint loans, at least one borrower needs to be employed and/or have a regular income.
- Be seeking a loan for personal use and not for business or commercial purposes.
- Be borrowing less than $2.5 million.
Tips For Applying With Bendigo Bank
Below is a list of tips for when you’re applying for Bendigo Bank home loans:- Have knowledge of the property market and home loan process. Working with a mortgage broker is the most reliable way to ensure you get the best deal.
- Go through the bank’s consumer lending terms and conditions before applying for your home loan. You can find them posted on the official website.
- Check the “How much can I borrow?” and “What would repayments be” calculators from the website to get a clear idea of your borrowing limit.