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.

Best loans for you

We know how important it is to choose the best home loan for 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)

4.38% p.a.

Comparison Rate1 (owner occupied)

4.56% p.a.

LEARN MORE APPLY NOW

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)

4.68% p.a.

Comparison Rate1 (owner occupied)

4.73% p.a.

LEARN MORE APPLY NOW

3 reasons for Victorians & NSW/ACT to buy their first home with us

Rate discount

3.79% p.a. (4.06% p.a. comparison rate) for the Connect Package4.

Zero establishment fees

Save $625 off the cost of your Connect Package*.

Bonus offer

Another exclusive offer to Victorian & NSW/ACT first home buyers. Make an enquiry to discover your Happy Place bonus#.

CONTACT US WE’LL COME TO YOU

Key features of the Connect Package

  1. Borrow for loan terms up to 30 years

  2. Choose a variable or fixed interest rate

  3. Choose principal and interest, or interest-only repayments

  4. Choose weekly, fortnightly or monthly repayments

  5. Unlimited additional repayments if variable

  6. Access additional repayments using online redraw

  7. Owner Occupied: Borrow up to 95% on the value of the property

  8. Investment: Borrow up to 80% of the value of the property

Ever dreamed of owning your own happy place?

We’re here to help you take the first step.
Meet Ang with the Tram…

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.

^ Roy Morgan Customer Satisfaction Results May 2017.

* 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 amount of $150,000 over a 25-year loan term. All fixed rates are calculated on the basis that they roll to the residential variable rate at the end of the initial term. All comparison rates are calculated with a nil offset balance.

    WARNING: This comparison rate is 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. The interest rate displayed assumes at least three eligible products are held. Connect Package Home Loan interest rates are made up of the applicable interest rate depending on aggregate lending, minus a discount of 0.05% per eligible product held, up to a maximum of 0.15% off the tiered rate. Rates are based on variable P&I Owner Occupied loan for loan amount $250,000- $499,999.

  3. Rates are based on variable P&I Owner Occupied loan for loan amount $250,000- $499,999.

  4. Special rate is only available for new lending on the Connect Package product for Victorian & NSW/ACT first home buyers (who have not previously owned a home or received a first home owners grant and/or concessions in Australia, see details here: http://www.sro.vic.gov.au/first-home-owner and here http://www.firsthome.gov.au/) with Owner Occupied, Principal and Interest home loans above $150,000 and two additional products taken as part of the Connect Package.
  5. Discount off of the Owner Occupied Residential Variable 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.

# $500 Flight Centre voucher is only available for new lending on the Connect Package product for Victorian & NSW/ACT first home buyers (who have not previously owned a home or received a first home owners grant and/or concessions in Australia, see details here: http://www.sro.vic.gov.au/first-home-owner and here http://www.firsthome.gov.au/) with Owner Occupied, Principal and Interest home loans above $150,000 and two additional products taken as part of the Connect Package. Available to the first 80 customers in Melbourne only.