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First home loans from the bank Australia trusts^

Starting your home loan journey? We'll help you every step of the way.

We make buying your first home simple

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

Where to start

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

  • 1
    Use our calculators to work out how much you can borrow and what deposit you need.
  • 2
    Repayments should not exceed 30% of pre-tax income - use the repayment calculator as a guide.
  • 3
    You may be entitled to a First Home Owners Grant, the First Home Loan Deposit Scheme, New Home Guarantee or Family Home Guarantee.
  • 4
    Check out properties and prices of homes similar to the one you want, in the area you want.
  • 5
    Found your home? Look through it a few times, and at different times of the day, to make sure it’s right for you.
  • 6
    Getting pest and building inspections can help you avoid unforeseen issues.
  • 7
    Our lenders will help with all the ins and outs of your loan and assist you in applying for the First Home Owners Grant.
  • 8
    Our lenders can also meet out of hours if that’s easier for you.

Know the loan process

Know the loan process

  • 1
    You’ll need a solicitor or conveyancer to help with all the legal requirements.
  • 2
    They’ll guide you through the sales process, costs, and any fine details in the contract of sale.
  • 3
    Once you’ve found your new home contact us and we’ll get the process underway.
  • 4
    Depending on the valuation in your purchase contract and rates, we may organise a valuation.

Understand settlement

Understand settlement

  • 1
    Once finance is approved, and you’ve found your new home, you can pay your deposit.
  • 2
    Settlement date will be set and you can plan your move.
  • 3
    On settlement day we’ll draw down the loan and meet with the real estate agent and solicitor.
  • 4
    Then you can collect your keys from the agent and move in!

Know the costs

Know the costs

  • 1
    Bank fees include application, valuation, documentation and settlement fees
  • 2
    Stamp duty is based on the purchase price.
  • 3
    Registration and titles fees are charged to lodge the documents.
  • 4
    Conveyancer charge to review contract, prepare transfer of land, and complete required searches.
  • 5
    You will need Home insurance and possibly Loan insurance.
  • 6
    Our lenders will go over all the fees and charges with you.

Great loans for you

Great loans for you

We know how important it is to choose a home loan that suits your needs. 

You may be eligible for one of these schemes

Illustration of a young couple standing on a street in front of their new home with SOLD sign.
First home loan deposit scheme

See if you're eligible to buy your first home with a 5% deposit. 

Illustrative couple looking at a new house being built.
New Home Guarantee

If you are looking to build or purchase a new home you may be eligible for the New Home Guarantee.

Mother carrying her child on her back standing in front garden of house.
Family Home Guarantee

The Family Home Guarantee is a new Australian Government initiative that aims to support eligible single parents with dependants in purchasing a family home.

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.

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 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.

^ Source: Roy Morgan Risk Monitor 2020

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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