We make buying your first home simple
Are you ready to buy your first home? From knowing where to start to understanding the home loan process, settlement and costs we're here to support you. Our helpful articles, home loan calculators and financial tools make finding the right loan easy. Plus, our friendly lenders are available to offer expert advice when you need it. It's simple.
Where to start
The process of buying your home can be broken down into some simple steps
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1
Use our calculators to work out how much you can borrow and what deposit you need.
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2
Repayments should not exceed 30% of pre-tax income - use the repayment calculator as a guide.
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3
You may be entitled to a Government grant or scheme.
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4
Check out properties and prices of homes similar to the one you want, in the area you want.
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5
Found your home? Look through it a few times to make sure it’s right for you. Getting pest and building inspections can also help you avoid unforeseen issues.
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6
Our lenders can meet out of hours if that’s easier for you and will help with all the ins and outs of your loan.
Know the loan process
Know the loan process
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1
You’ll need a solicitor or conveyancer to help with all the legal requirements.
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2
They’ll guide you through the sales process, costs, and any fine details in the contract of sale.
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3
Once you’ve found your new home contact us and we’ll get the process underway.
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4
Depending on the valuation in your purchase contract and rates, we may organise a valuation.
Understand settlement
Understand settlement
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1
Once finance is approved, and you’ve found your new home, you can pay your deposit.
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2
Settlement date will be set and you can plan your move.
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3
On settlement day we’ll draw down the loan and meet with the real estate agent and solicitor.
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4
Then you can collect your keys from the agent and move in!
Know the costs
Know the costs
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1
Bank fees include application, valuation, documentation and settlement fees
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2
Stamp duty is based on the purchase price.
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3
Registration and titles fees are charged to lodge the documents.
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4
Conveyancer charge to review contract, prepare transfer of land, and complete required searches.
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5
You will need Home insurance and possibly Loan insurance.
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6
Our lenders will go over all the fees and charges with you.
Great loans for you
Check your borrowing power
Simply enter your income and expenses in our home loan calculator to estimate your borrowing capacity.
Government grants and schemes
Get into your own home sooner
You may be eligible for a Government grant or scheme to help you get into your own home sooner.
Want a more detailed view of what you can borrow?
Pre-qualify for a home loan in just minutes, with no paperwork and no credit checks.
Need help? We're here for you
Arrange a voice/video call with a mobile lender or use the online enquiry form to ask us a question. If you prefer to visit a branch, use our branch locator to find a branch near you.
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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.
For Bendigo Complete Fixed Rate Home Loan the comparison rate assumes a variable with Loan to Value Ratio (LVR) between 60.01%-80% will apply at the end of the fixed rate period.
2 Bendigo Complete Home Loan: The interest rate displayed is for an owner occupied, principal and interest loan and is based on a Loan to Value Ratio (LVR) between 60.01%-80%.
3 Bendigo Complete Home Loan 1 Year Fixed: Available to customers with owner occupied, principal and interest home loans.
^ Source: Roy Morgan Risk Monitor 2020
Home loan borrowing power calculator
The results are a guide only. They are not a quote, credit approval or offer of credit. This tool is not necessarily suitable for self-employed persons. 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. The calculator does not take into account certain tax considerations e.g. negative gearing, which you should receive your own advice on. You should speak to us or obtain professional advice about a loan that meets your requirements and objectives. The ranges of rates, terms and loan amounts in the calculator may not be available for products offered by us or other credit providers. Credit providers have different credit criteria and there may be other factors which affect whether you qualify for credit and the amount you could borrow. 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. For the Bendigo Complete Loan the variable interest rates displayed are based on Loan to Value Ratio (LVR) calculated using your LVR at the date we document your loan contract. Bendigo Express available via online application only. Click here for more information.