Rate lock facilities

Standard Fixed Rate Lock

A Fixed Rate Lock allows customers seeking a guaranteed fixed interest lending rate to protect against potential interest rate increases that may occur during their settlement period.

  • Ideal market
    Business customers seeking a guaranteed fixed interest lending rate to protect against potential interest rate increases that may occur during their settlement period.
  • Eligibility
    Available to business customers seeking business fixed interest term lending from Bendigo Bank and selected subsidiaries including Victorian Securities Corporation Limited.
    Please note that Bendigo Bank customers with Commercial Fixed Rate term loan requirements of $500,000 or more can apply for a Forward Start Option or Deferred Start Fixed Rate via a Business Banking Manager, or call 1300 BENDIGO (1300 236 344).
  • Duration
    Maximum three months from date of application.
  • Fee
For Bendigo Bank:
Loan TierFee
Up to $500,000$600 + 0.15%
$500,000 plusOn application. Please refer to Forward Start Option and Deferred Start Fixed Rate for Commercial Loan borrowing needs.
(Fee is calculated on the net amount of the facility)
Late FeeA fee of $250 applies for Fixed Rate Lock applications made after the initial loan application.
  • Fee debited
    On application for a fixed lending rate product, from nominated Bendigo Bank account or other cash payment method.

Forward Start Option

Forward Start Fixed Rate Option is targeted to Bendigo Bank customers with fixed rate term loan borrowing needs in excess of $500,000 seeking to lock in an interest rate at acceptance to avoid adverse movements in interest rates during the period between acceptance and settlement.

  • Ideal market
    Bendigo Bank customers with fixed rate term loan borrowing needs of $500,000 and above seeking a guaranteed fixed interest lending rate to protect against potential interest rate increases that may occur during their settlement period.
  • Eligibility Available to Business customers seeking fixed interest lending from Bendigo Bank.
    Please note that a Forward Start Option cannot be purchased on Bendigo Bank Business Loans of less than $500,000.
  • Duration Maximum nine months from date of application.
  • Fee Fees and charges are available upon application, and will vary, subject to market conditions.
  • Fee debited On application for a fixed lending rate product, from nominated Bendigo Bank account or other cash payment method.

Deferred Start Fixed Rate

Deferred Start Fixed Rate is suitable for Bendigo Bank customers with fixed rate term loan borrowing needs of $500,000 or more seeking to lock in an interest rate at acceptance.

By taking a Bendigo Deferred Start Fixed Rate, customers avoid adverse movements in interest rates during the period between acceptance and settlement without having to pay an upfront fee.

However, customers choosing a Bendigo Deferred Start Fixed Rate will not benefit from any decrease in interest rates between Bendigo Deferred Start Fixed Rate application and settlement.

  • Ideal market Bendigo Bank Customers with fixed rate term loan borrowing needs of $500,000 and above seeking a guaranteed fixed interest lending rate to protect against potential interest rate increases that may occur during their settlement period.
  • Eligibility Available to Business Customers seeking fixed interest lending from Bendigo Bank.
    Please note that a Deferred Start Fixed Rate option cannot be purchased on Bendigo Bank Business Loans of less than $500,000.
  • Duration Maximum nine months from date of application.
  • Fee Upfront fees and charges specific to the Bendigo Deferred Start Fixed Rate do not apply. Standard loan fees and charges advised upon application.
  • Fee debited On application for a fixed lending rate product, from nominated Bendigo Bank account or other cash payment method.

Interest Rate Cap and Interest Rate Collar

Interest Rate Caps are targeted to Bendigo Bank customers with floating rate term loan borrowing needs of $500,000 or more seeking to minimise their interest rate risk.

By taking an Interest Rate Cap, the customer is protected against interest rate movements in excess of the agreed cap, wheras an Interest Rate Collar provides interest rate certainty between an agreed upper and lower limit.

  • Ideal market Bendigo Bank customers with floating rate term loan borrowing needs of $500,000 or more seeking to minimise their interest rate risk.
  • Eligibility Available to Customers seeking Commercial fixed interest only lending from Bendigo Bank. Please note that Interest Rate Caps and Interest Rate Collars are available for roll terms of 30, 60, 90 and 180 days only.
  • Duration Maximum loan term is 5 years.
  • Fee Advised at application.