- Get our lowest variable rate
- Apply online in just minutes
- Fast online approval
- Offset available on fixed and variable
- Australia’s most satisfied home loan customers*
- Australia’s most trusted bank^
Looking for exceptional value in a home loan?
Bendigo Bank has been voted Exceptional Value Home Lender for 2024.#
Reduce interest and pay off your Express Home Loan faster with an offset account
An offset account is used to reduce (or offset) the amount of interest you pay on your home loan. It’s a transaction account that is linked to your home loan. You can make deposits or withdrawals just as you would with an everyday transaction account.
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Save on interest charges
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Pay your loan off sooner
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Access your money anytime
If you have a $600,000 variable rate loan without an offset account you would pay interest on the full $600,000. If you have $50,000 in a linked offset account, you would only pay interest on $550,000. Note, the offset balance does not reduce the loan repayment.
Get pre-approval and buy with confidence
Pre-approval means a lender has provided an obligation-free estimate on the amount you can borrow to purchase a property.
- Get a realistic view on what property you might be able to afford.
- Feel more confident when searching for your home.
- Present as a more serious buyer in the eyes of the agent and seller.
- Move quickly to secure your dream property.
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Applying for a home loan - how it works
Prepare your documents
Prepare your information such as identification, property address, income and expenses.
Apply online
We'll value your property, verify your personal details, run a credit check and validate your income and expenses.
Get full approval quickly
Receive a quick decision. If approved, your loan documents will be emailed to you the same day.
Check my eligibility
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You don't currently have an Express Home Loan
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You’re applying as a personal customer and not wanting to use dual security or to apply as a company or trust.
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You're buying or refinancing an established property (not off the plan or under construction).
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You're buying a home or investment property larger than 40m2 in a capital city or major regional centre.
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You have at least a 10% deposit or equity, plus savings to cover fees and charges such as stamp duty.
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You want to borrow between $5,000 and $3 million.
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You're currently employed, either through PAYG or self-employment.
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You have at least one form of government ID, such as a passport, drivers licence or Medicare card.
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You're an Australian citizen or permanent resident who lives in Australia.
Didn't answer yes to all the above? We can still help you. View our other home loans.
Prepare your documents
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The address of the home you wish to purchase or refinance.
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A valid email address and mobile phone number.
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One of the following: Australian drivers licence; Australian passport; foreign passport with an Australian Visa; or a Medicare Card.
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Your bank details if you wish to upload your financial documents digitally.
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If you’re uploading your financial documents manually, we will need copies of your bank statements. This includes credit card, personal or home loan, and/or deposit statements. We’ll be in touch if additional documentation is needed.
We will run a credit check and validate your income and expenses in real-time as you complete the application.
Ready to get started?
Need to speak with us?
Our lending experts are here to help.
Our team is available to take your call weekdays 8am to 6:30pm and weekends 9am to 5pm AEST/AEDT.
Things you should know
Terms and conditions, fees and charges apply. All information including interest rate is subject to change without notice. Full details available on application. Lending criteria apply.
Target Market Determinations for products are available.
1 Important information about comparison rate: The comparison rate displayed is calculated for a loan of $150,000 over 25 years. If the comparison rate relates to a loan with a fixed interest rate, the comparison rate has been calculated on the basis that our current applicable variable rate will apply at the end of the fixed rate period. WARNING: The comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
2 Bendigo Express Home Loan: The interest rate displayed is for a live-in (owner occupied), principal and interest loan and is based on a maximum Loan to Value Ratio (LVR) of 90%.
3 A full offset is available on Bendigo Express Home Loans with a variable rate. A partial offset is available on Bendigo Express Home Loans with a fixed rate, where a portion of your home loan account that is equal to the balance of your linked Everyday Account is charged interest at a reduced rate (currently 1.89% p.a.) while the remaining balance of your home loan account is charged at the regular (full) home loan rate.
* Roy Morgan Single Source Data 2024
^ Roy Morgan Risk Monitor 2024. Customers of Bendigo and Adelaide Bank Limited.
# Awarded ‘Exceptional Value Home Lender’ 2024 by Mozo Experts Choice
Refinance calculator
The results are a guide only. They are not a quote, credit approval or offer of credit. The results are not advice on how much you can or should borrow, which product you should choose, the product features or options, or about making extra payments. You should speak to us or obtain professional advice about a loan that meets your requirements and objectives. The offset account is not available for all loan products. There are restrictions and/or certain fees payable for additional payments for some products e.g. during the fixed term of a loan. The results assume regular scheduled payments and that the interest rate does not change, and do not include any discount period. Interest rates are subject to change except during a fixed rate period. The rates and repayment amounts do not include any monthly service fees or lenders mortgage insurance if applicable. Bendigo Express available via online application only.
