Visit our COVID-19 help page for our response and information including visiting our branches.
Skip to main content
Locate us 1300 236 344
Logon
Financial planningFuneral Bonds

Bendigo Bank to participate in First Home Loan Deposit Scheme

12 December 2019 |Consumer Banking
Bendigo Bank is pleased to be selected as a participating lender to The National Housing Finance and Investment Corporation’s (NHFIC) First Home Loan Deposit Scheme (the Scheme).   

The Scheme, which will provide support for up to 10,000 first home loan guarantees for eligible first home buyers each financial year, aims to help first home buyers purchase a home faster.

“Home ownership is a great way for people to build equity for their future which at the same time helps stimulate community prosperity and economic growth, something that stems back to the role Bendigo Bank played in enabling home ownership during Victoria’s goldrush era. We welcome the opportunity to participate in the Scheme and commend the initiative as a great first start for the many prospective buyers who may have thought home ownership wasn’t achievable in the near term,” said Bendigo and Adelaide Bank Managing Director, Marnie Baker.

Bendigo and Adelaide Bank has a proven history in supporting affordable housing initiatives to help Australians obtain their own home including partnerships with HomesVic, Keystart, HomeShare Housing and Homesafe.

“As Australia’s fifth largest and only regionally-headquartered large bank, we have deep connections with communities right across the country and we aim to play our part in supporting applications from eligible first home buyers to help strengthen and underpin the economic security of the nation”, Ms Baker concluded.

In support of the Scheme and Bendigo Bank’s commitment to its customers, the Bank will not charge eligible customers higher interest rates than equivalent customers outside of the Scheme.

Under the  First Home Loan Deposit Scheme, eligible borrowers will also be able to access the assistance in conjunction with other government programs such as the First Home Super Saver Scheme, state and territory First Home Owner Grants and stamp duty concessions.

The Bank will start receiving applications from 1 February 2020.

Interested First Home Loan Deposit Scheme applicants can contact the Bank on 1300 024 701 or visit www.nhfic.gov.au/what-we-do/fhlds/eligibility/ for more information.

Related Topics

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

© Copyright 2020 Bendigo and Adelaide Bank