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Home Loans > Residential Variable Home Loan |
To find out more about Bendigo Bank, click here to access our Financial Services Guide (FSG). You must review the FSG before accessing information on this website.
Residential Variable Home Loan
Whether a customer is buying or building their first home, upgrading to another home, or purchasing a block of land, we offer a competitive variable interest rate loan with a variety of added features, including our optional 100 per cent offset account to help customers minimise the amount of interest they are charged on their loan.
| Loan Features |
| Minimum Loan Amount |
$5,000 |
| Loan Term |
Maximum 30 years |
| Interest Rate |
Variable |
| Interest Calculated |
Daily |
| Interest Debited |
Monthly |
| Payment Options |
Weekly, Fortnightly or Monthly |
| Additional Repayments |
Yes, unlimited |
| Redraw Facility |
Manual & Online redraw available |
Additional Transaction
Account Rebates |
Yes, Receive a full Transaction Account rebate on ALL eligible Transactional Acounts* |
| Offset Account |
Linked to Mortgage Saver Account with a Full Offset. |
| Maximum LVR |
Up to 95% of the value of the property (excluding mortgage insurance premium) or 90% of the value of Land
Note: If the LVR exceeds 80%, Lender’s Mortgage Insurance is required |
| Credit Increases |
Yes** |
| Additional Benefits |
| Insurance |
Free Bendigo Home Insurance from the time of signing the purchase contract until settlement (Max free cover period, 90 days) with the purchase of a new Home or Home and Contents Insurance policy. After settlement, customers can choose to pay their premiums annually or if preferable pay by the month. |
| Credit Card |
Pre-Approval for a Bendigo Bank Credit Card**
3.00% p.a. discount on the Bendigo Red Credit Card - Up to 44 Days Interest Free |
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