Finty
Bendigo Bank

Bendigo Bank Flex Home Loan (Retail)

Variable or Fixed rateOffsetRedraw

For customers who want flexibility to pay down their loan sooner and access additional features such as up to 6 offset accounts.

Written byDavid Boyd
Interest rate a year, from
6.39%
Comparison rate
6.59%
Upfront fees
$498
Annual fee
Not published
Monthly fee
$15

Monthly repayment

$600,000 over 30 years

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What it would cost

At the lowest rate of 6.39% (variable, live in, principal and interest), including the monthly fee. The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.

Monthly repayment
$3,764
Total repayments
$1,355,079
Interest and monthly fees
$755,079

Rates

Every rate Bendigo Bank publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.

RatePropertyRepaymentsLVRInterest rateComparison rate
VariableLive inPrincipal and interestUp to 60%6.39%6.59%
VariableLive inPrincipal and interest60% to 80%6.43%6.63%
VariableLive inPrincipal and interest80% to 90%6.49%6.69%
VariableLive inPrincipal and interest90% to 95%7.13%7.33%
VariableLive inInterest onlyUp to 80%7.53%7.10%
VariableLive inInterest only80% to 90%8.03%7.36%
VariableInvestmentPrincipal and interestUp to 60%6.44%6.64%
VariableInvestmentPrincipal and interest60% to 70%6.49%6.69%
VariableInvestmentPrincipal and interest70% to 80%6.53%6.73%
VariableInvestmentPrincipal and interest80% to 90%6.63%6.83%
VariableInvestmentInterest onlyUp to 60%6.59%6.69%
VariableInvestmentInterest only60% to 70%6.64%6.74%
VariableInvestmentInterest only70% to 80%6.64%6.76%
VariableInvestmentInterest only80% to 90%6.83%6.90%
1 year fixedLive inPrincipal and interestUp to 80%6.59%6.65%
1 year fixedLive inPrincipal and interest80% to 90%6.89%6.73%
1 year fixedLive inPrincipal and interest90% to 95%7.09%7.32%
1 year fixedLive inInterest onlyUp to 80%7.09%6.70%
1 year fixedLive inInterest only80% to 90%7.39%6.78%
1 year fixedInvestmentPrincipal and interestUp to 80%6.74%6.75%
1 year fixedInvestmentPrincipal and interest80% to 90%7.04%6.87%
1 year fixedInvestmentInterest onlyUp to 80%6.84%6.76%
1 year fixedInvestmentInterest only80% to 90%7.14%6.88%
2 year fixedLive inPrincipal and interestUp to 80%6.59%6.66%
2 year fixedLive inPrincipal and interest80% to 90%6.89%6.77%
2 year fixedLive inPrincipal and interest90% to 95%7.09%7.32%
2 year fixedLive inInterest onlyUp to 80%7.09%6.76%
2 year fixedLive inInterest only80% to 90%7.39%6.86%
2 year fixedInvestmentPrincipal and interestUp to 80%6.74%6.77%
2 year fixedInvestmentPrincipal and interest80% to 90%7.04%6.91%
2 year fixedInvestmentInterest onlyUp to 80%6.84%6.79%
2 year fixedInvestmentInterest only80% to 90%7.14%6.93%
3 year fixedLive inPrincipal and interestUp to 80%6.69%6.71%
3 year fixedLive inPrincipal and interest80% to 90%6.99%6.84%
3 year fixedLive inPrincipal and interest90% to 95%7.19%7.34%
3 year fixedLive inInterest onlyUp to 80%7.19%6.84%
3 year fixedLive inInterest only80% to 90%7.49%6.97%
3 year fixedInvestmentPrincipal and interestUp to 80%6.84%6.82%
3 year fixedInvestmentPrincipal and interest80% to 90%7.14%6.98%
3 year fixedInvestmentInterest onlyUp to 80%6.94%6.84%
3 year fixedInvestmentInterest only80% to 90%7.24%7.00%
4 year fixedLive inPrincipal and interestUp to 80%6.79%6.76%
4 year fixedLive inPrincipal and interest80% to 90%7.09%6.91%
4 year fixedLive inPrincipal and interest90% to 95%7.29%7.39%
4 year fixedLive inInterest onlyUp to 80%7.29%6.93%
4 year fixedLive inInterest only80% to 90%7.59%7.08%
4 year fixedInvestmentPrincipal and interestUp to 80%6.94%6.88%
4 year fixedInvestmentPrincipal and interest80% to 90%7.24%7.06%
4 year fixedInvestmentInterest onlyUp to 80%7.04%6.90%
4 year fixedInvestmentInterest only80% to 90%7.34%7.08%
5 year fixedLive inPrincipal and interestUp to 80%6.79%6.79%
5 year fixedLive inPrincipal and interest80% to 90%7.09%6.96%
5 year fixedLive inPrincipal and interest90% to 95%7.29%7.40%
5 year fixedLive inInterest onlyUp to 80%7.29%6.99%
5 year fixedLive inInterest only80% to 90%7.59%7.16%
5 year fixedInvestmentPrincipal and interestUp to 80%6.94%6.91%
5 year fixedInvestmentPrincipal and interest80% to 90%7.24%7.10%
5 year fixedInvestmentInterest onlyUp to 80%7.04%6.94%
5 year fixedInvestmentInterest only80% to 90%7.34%7.13%

Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Fees and features

Fees

Upfront fees
$498
Annual fee
Not published
Monthly fee
$15

Features

Offset account
Yes
Redraw
Yes
Highest LVR
95%
Loan amount
From $5,000

How it compares

Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.

Variable rate

6.43%

For a home you live in, paying principal and interest. Typical is 6.62%.

Comparison rate

6.63%

For the same rate. Typical is 6.70%.

Upfront fees

$498

Typical upfront fees are $600.

Smallest deposit

5%

Most loans need at least 10% of the price.

Pros and cons

Pros

  • An offset account. Money in it is taken off your balance when interest is worked out, so your savings and pay cut the interest while staying easy to reach.
  • Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
  • Redraw. You can take back extra repayments later if you need the money.
  • No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
  • Fixed rates on offer. You can fix for 1 to 5 years if you'd like repayments that don't change for a while.
  • Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.

Cons

Nothing stands out.

Similar home loans

Home loans from other lenders with a similar starting variable rate, for a home you live in with a 20% deposit.