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Personal home

First Home Loans from the bank Australia trusts^ 

You might be a little unsure how to buy your first home. That’s ok. With knowledge, sound advice, and the right home loan, there’s never been a better time to own your happy place.

We make buying your first home simple

Learn where to start, the loan process, settlement and costs.

The process of buying your home can be broken down into some simple steps

01
Use our calculators to work out how much you can borrow and what deposit you need.
02
Repayments should not exceed 30% of pre-tax income - use the repayment calculator as a guide.
03
You may be entitled to a First Home Owners Grant.
04
Check out properties and prices of homes similar to the one you want, in the area you want.
05
Found your home? Look through it a few times, and at different times of the day, to make sure it’s right for you.
06
Getting pest and building inspections can help you avoid unforeseen issues.
07
Our lenders will help with all the ins and outs of your loan and assist you in applying for the First Home Owners Grant.
08
Our lenders can also meet out of hours if that’s easier for you.

Know the loan process

01
You’ll need a solicitor or conveyancer to help with all the legal requirements.
02
They’ll guide you through the sales process, costs, and any fine details in the contract of sale.
03
Once you’ve found your new home contact us and we’ll get the process underway.
04
Depending on the valuation in your purchase contract and rates, we may organise a valuation.

Understand settlement

01
Once finance is approved, and you’ve found your new home, you can pay your deposit.
02
Settlement date will be set and you can plan your move.
03
On settlement day we’ll draw down the loan and meet with the real estate agent and solicitor.
04
Then you can collect your keys from the agent and move in!

Know the costs

01
Bank fees include application, valuation, documentation and settlement fees
02
Stamp duty is based on the purchase price.
03
Registration and titles fees are charged to lodge the documents.
04
Conveyancer charge to review contract, prepare transfer of land, and complete required searches.
05
You will need Home insurance and possibly Loan insurance.
06
Save $625 on home loan fees*
07
Our lenders will go over all the fees and charges with you.

Great loans for you

We know how important it is to choose a home loan that suits your needs. Bendigo Bank gives you the choice of fixed or variable interest, plus products and packages that help you save money – and manage your finances.

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.

* To be eligible to save $625 on home loan fees, a new home loan application must be for the purpose of external refinance and/ or purchase and/or construction for owner occupied, principal and interest, and must be a Connect Package home loan. You must currently hold or take out two eligible products with Bendigo Bank. Eligible products cannot be from the same product type. Offer may be varied or withdrawn at any time.

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.

Connect Package: Offer is available to customers that take out a new owner occupied, principal and interest home loan above $150,000 with a loan to value ratio of up to 80%, and three additional eligible products taken as part of the Connect Package. Eligible products held products cannot be from the same product type. Offer may be varied or withdrawn at any time.

Connect Package 2 Year Fixed: Offer is available to customers with owner occupied, principal and interest home loans, a loan to valuation ratio of up to maximum of 95% and three additional eligible products. Eligible products cannot be from the same product type. Offer may be varied or withdrawn at any time.

^ Mozo People's Choice Awards 2018

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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.

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