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 the First Home Owners Grant, which can help with your deposit.

  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

  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

  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

  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. Save $625 on home loan fees*

  7. 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.

Basic Home Loan

Our Basic Home Loan is a low-cost, easy-to-understand home loan with flexible terms for interest and repayments.

Interest rate (owner occupied)

4.48% p.a.

Comparison Rate1 (owner occupied)

4.66% p.a.


Green Home Loan

Our Green Home Loan rewards you for renovating or building in a sustainable way, with discounts on interest rates for those who meet our green criteria.

Interest rate3 (owner occupied)

4.78% p.a.

Comparison Rate1 (owner occupied)

4.84% p.a.


Additional information

Terms, conditions, fees and charges apply. All information including interest rate is subject to change without notice. Full details available on application. Lending criteria apply.

^ Mozo People's Choice Awards 2018

* To be eligible to save $625 on home loan fees, a new home loan application must be received after 25 October 2015. A new home loan must be for External Refinance and/ or Purchase and/or Construction for Owner Occupied property. The application must be for the Bendigo Connect product and the customer must currently hold or take out two additional or complementary products with Bendigo Bank. Complementary products cannot be from the same product type. Full details available on application. Terms and conditions, fees and charges and lending criteria apply.

  1. Important information about comparison rates: The comparison rates displayed are 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 rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

  2. Connect Package: Offer is available to customers with new owner occupied, principal and interest home loans above $150,000 with a loan to valuation ratio of up to maximum loan to valuation ration of 80% and three additional eligible products. Eligible products cannot be from the same product type. Offer may be varied or withdrawn at any time.
  3. Rates are based on variable P&I Owner Occupied loan for loan amount $250,000- $499,999.
  4. Offer is available to customers for new Owner Occupied, Principal and Interest Basic home loans above $150,000 with a loan to valuation ratio of up to 80%. Terms, conditions, fees and charges apply. All information is correct as at 1 October 2018 and is subject to change. Full details available on application. Lending criteria apply. Offer may be varied or withdrawn at any time.
  5. Discount is off of the Bendigo Investment Rate is made up of the applicable lending tier depending on your aggregate lending amount, plus a discount of 0.05% per eligible product, up to a maximum of 0.15% off the tiered rate. Discount varies depending on loan purpose.