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.
The process of buying your home can be broken down into some simple steps
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1Pre-qualify to get a better understanding of your borrowing position and what deposit you need.
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2Repayments should not exceed 30% of pre-tax income - use the repayment calculator as a guide.
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3You may be entitled to a Government grant or scheme.
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4Check out properties and prices of homes similar to the one you want, in the area you want.
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5Found 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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6Our 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
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1You’ll need a solicitor or conveyancer to help with all the legal requirements.
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2They’ll guide you through the sales process, costs, and any fine details in the contract of sale.
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3Once you’ve found your new home contact us and we’ll get the process underway.
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4Home insurance is an important part of getting a mortgage. We can talk to you about why you need insurance and provide you with a quote.
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5Depending on the valuation in your purchase contract and rates, we may organise a valuation.
Understand settlement
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1Once finance is approved, and you’ve found your new home, you can pay your deposit.
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2Settlement date will be set and you can plan your move.
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3On settlement day we’ll draw down the loan and meet with the real estate agent and solicitor.
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4Then you can collect your keys from the agent and move in!
Know the costs
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1Bank fees include application, valuation, documentation and settlement fees
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2Stamp duty is based on the purchase price.
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3Registration and titles fees are charged to lodge the documents.
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4Conveyancer charge to review contract, prepare transfer of land, and complete required searches.
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5You will need Home insurance and possibly Loan insurance.
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6Our lenders will go over all the fees and charges with you.
It's easy to get started
You can apply online with assistance from our virtual support team or one of our home loan specialists can help with your application.
Talk to a home loan specialist
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Get help from a home loan specialist.
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Best if you’re buying off the plan, refinancing land or building a home.
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Great choice for more complex lending needs.
Principal & Interest
2 year fixed interest rate3
Apply online
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Our virtual support team is here if you need help.
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Save time by applying online in minutes.
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Great choice for a purchase or refinance of an established property or land in an urban area.
Principal & Interest
Variable interest rate2
Get home and contents insurance worth having
Insurance you can rely on is worth its weight in gold. Help protect your home by making sure you have adequate cover in place. We offer a range of options, great payment flexibility, and we have a dedicated insurance team who can assist you.
Government home loan support
You may be eligible for Government support 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.
Ready to apply?
Contact our home loan specialists now on 1300 236 344, make a home loan enquiry or apply online.
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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 rate with Loan to Value Ratio (LVR) 60.01%-80% inclusive 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 2 Year Fixed: Available to customers with owner occupied, principal and interest home loans.
^ Roy Morgan Risk Monitor 2024. Customers of Bendigo and Adelaide Bank Limited.
Calculators
- Important information about our Home loan borrowing power calculator.
- Important information about our Home loan repayments calculator.
