Bank of Queensland vs Bendigo Bank home loans July 2026

Bank of Queensland's lowest variable home loan rate is 6.03% p.a. and Bendigo Bank's is 6.23% p.a., a gap of 20 basis points, with Bank of Queensland the lower of the two today. Both figures are ranked by comparison rate and refreshed daily, so check features and fees alongside the headline rate before deciding.

Bank of Queensland vs Bendigo Bank at a glance

Feature	Bank of Queensland	Bendigo Bank
Lowest variable rate	6.03% p.a.	6.23% p.a.
Lowest 3-year fixed rate	6.49% p.a.	6.39% p.a.
Lowest comparison rate	6.07% p.a.	6.07% p.a.
Products tracked	25	80
Offset available	Yes	Yes
Cashback offer	Yes	—

Bank of Queensland or Bendigo Bank: which should you pick?

On the lowest advertised variable rate, Bank of Queensland sits at 6.03% p.a. and Bendigo Bank at 6.23% p.a. On a $500,000 loan over 30 years, that gap works out to roughly $65 a month in repayments, so the rate difference is worth weighing carefully.

Both lenders offer an offset account, so if parking savings against your loan matters to you, neither rules itself out on that front.

The cheapest headline rate isn't always the rate a lender approves on your file. Your loan size, deposit and income all move the number, so the right pick between Bank of Queensland and Bendigo Bank depends on your scenario, not just the advertised figure.

Not sure which one fits your scenario?

Advertised rates aren’t always the rate a lender approves. Get the sharper of the two negotiated against your specific numbers, at no cost.

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Bank of Queensland vs Bendigo Bank: frequently asked questions

Who has the lower home loan rate, Bank of Queensland or Bendigo Bank?

As of July 2026, Bank of Queensland has the lower headline variable rate at 6.03% p.a., versus 6.23% p.a. for Bendigo Bank. Both are ranked by comparison rate and refreshed daily.

What's the difference between Bank of Queensland and Bendigo Bank home loans?

Beyond the rate, Bank of Queensland and Bendigo Bank differ on features. Bank of Queensland offers an offset account, and Bendigo Bank offers one too. Ratesniffers tracks 25 Bank of Queensland and 80 Bendigo Bank products, ranked by comparison rate and refreshed daily.

Is it worth switching from Bank of Queensland to Bendigo Bank?

It depends on the gap and your balance. The lowest advertised variable rates differ by 20 basis points today, and on a $500,000 loan even a small gap adds up over the life of the loan. Compare the comparison rate and features, then check the rate each lender would actually approve on your file.

How often are Bank of Queensland and Bendigo Bank rates updated?

Ratesniffers refreshes both Bank of Queensland and Bendigo Bank home loan rates daily. Rates can change whenever either lender reprices or the RBA moves the cash rate, so the figures on this page reflect the most recent data we hold rather than a static snapshot.

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Full product ranges, refreshed daily and ranked by comparison rate.