Bendigo Bank home loan review
Bendigo Bank is an established Australian lender, and Ratesniffers tracks 50 of its home loan products across variable, fixed and interest-only options. Its lowest variable rate Ratesniffers tracks is 5.89% p.a., and its lowest fixed rate is 6.39% p.a. That sits about 30 basis points below the market median of 6.19% p.a., putting it among the more competitive lenders right now.
Is Bendigo Bank a good home loan lender?
Bendigo Bank suits borrowers who want an offset account against a fixed rate, or a fully online refinance. Ratesniffers checked its published product and offset pages on 3 Sept 2026. The trade-off is monthly fees: the loans that carry an offset charge $10 or $15 a month, while the fee free Easy Home Loan carries no offset at all.
What we looked at
Ratesniffers ranked and described this lender from the verified rate snapshot on this page, then read the lender's own published product pages and fee documents listed under Sources below. Sources were checked on 3 Sept 2026. There are no scores, no stars and no user reviews here, only what the lender publishes and what the snapshot shows.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Bendigo Bank home loan interest rates by term
The lowest owner-occupier, principal and interest rate Bendigo Bank has published per term, from the same rate snapshot as the panel above.
| Term | Interest rate | Comparison rate |
|---|---|---|
| Variable | 5.89% p.a. | 6.02% p.a. |
| 1-year fixed | 6.39% p.a. | 6.18% p.a. |
| 2-year fixed | 6.44% p.a. | 6.21% p.a. |
| 3-year fixed | 6.39% p.a. | 6.22% p.a. |
| 5-year fixed | 6.44% p.a. | 6.29% p.a. |
The case for
- Its sharpest variable rate sits below the market median of 6.19% p.a. in the rate snapshot on this page.
- Full 100% offset is available on both fixed and variable rates through the Flex Home Loan and the Complete Home Loan, with up to six offset accounts linked per loan.
- The Flex Home Loan publishes borrowing of up to 95% of the property value.
- The Easy Home Loan carries no monthly fees, and redraw is free both online and at a branch across the range.
- The Express Home Loan is a fully online application with 100% offset on variable rates and up to six offset accounts, available for refinancing the property you live in, up to 80% of its value.
- Bendigo publishes a network of more than 400 branches, and its Community Bank model returns branch profits to the community that generated them, more than $416 million reinvested since 1998.
What to weigh up
- Bendigo charges monthly service fees rather than one package fee: $15 a month on Complete, $10 a month on Express and Basic, and $20 a month on Connect.
- The Express Home Loan is refinance only, for the property you live in, capped at 80% of value, with a $10,000 minimum and a $1.5 million maximum loan.
- The Easy Home Loan has no offset available and stops at 80% of the property value.
- Upfront fees include a $150 application fee, a $100 settlement fee, a document preparation fee of $100 to $600, and a $350 discharge administration fee at the end.
- An offset facility can be linked to only one loan at a time, capped at six per loan account, and must be in the same customer name.
Who Bendigo Bank suits and who it does not
Bendigo Bank tends to suit borrowers who want a full offset against a fixed rate, which its Flex and Complete home loans allow, and owner occupiers refinancing who want the whole application done online through the Express Home Loan. It suits less well for anyone avoiding monthly fees while still wanting an offset, because the fee free Easy Home Loan carries none, and for investors or purchasers, since the Express Home Loan is refinance only.
Bendigo Bank products in detail
Bendigo Express Home Loan
The Express Home Loan is Bendigo's online only product. Bendigo publishes it as available for refinancing the property you live in, with an online application, a $10 monthly service fee, at least 20% equity required, borrowing up to 80% of the property value, and loan sizes from $10,000 to $1.5 million. Applicants need to be an Australian citizen or a permanent resident living in Australia. Offset is 100% on the variable rate and partial on the fixed rate, with up to six offset accounts. Borrowers who want a purchase, an investment loan or a higher LVR need the Flex Home Loan, which allows up to 95% of the property value with 100% offset on both fixed and variable rates for a $15 monthly fee.
Bendigo Bank home loans: our verdict
Bendigo Bank is a credible choice whose lowest variable rate of 5.89% p.a. currently sits about 30 basis points below the market median, which is competitive today (last updated 21 Sept 2026). Whether it's right for you comes down to your deposit, the features you'll use, and how its real approved rate compares, so treat the headline as a starting point, not the final answer.
Sources checked 3 Sept 2026: Bendigo Bank, Home loans; Bendigo Bank, Offset account; Bendigo Bank, Express Home Loan; Bendigo Bank, Redraw; Bendigo Bank, Lending fees and charges; Bendigo Bank, Community Bank; Bendigo Bank, About us. Fees and product terms change, so confirm them with Bendigo Bank before applying.
See if you can do better than Bendigo Bank
The advertised rate isn't always the rate you'll be approved for. Compare Bendigo Bank against the wider panel, or have your scenario negotiated, at no cost.