Bendigo Bank Home Loan Review (2026)
Bendigo Bank Home Loan Review (2026)Rates and details verified 21 June 2026
Rates can change without notice. Last verified: 21 June 2026 (AEST). Please confirm details on the bank’s official page.
Express (refi only)
6.04%
p.a. OO P&I ≤80% LVR
Easy (all borrowers)
6.13%
p.a. OO P&I ≤80% LVR
Flex (with offset)
6.18%
p.a. OO P&I ≤95% LVR
About Bendigo Bank Home Loans
Bendigo Bank is an ASX-listed customer-owned bank — not part of the big-four group. It offers three distinct variable home loan products for owner-occupiers, each aimed at different borrower needs.
The Express Home Loan (6.04% p.a.) is the lowest rate but available for refinancing only — not for new purchases. If you are buying a home or taking out a new loan, you need the Easy Home Loan (6.13% p.a.) instead, which is open to all borrowers at ≤80% LVR with no ongoing fees. The Flex Home Loan (6.18% p.a.) adds a 100% offset account and accepts LVR up to 95%, making it suitable for borrowers with smaller deposits.
All three products include free redraw and unlimited extra repayments. Deposits held with Bendigo Bank are covered by the government guarantee up to $250,000.
Product Comparison
| Product | OO P&I Rate | Max LVR | Key Feature |
|---|---|---|---|
| Express | 6.04% (comp. 6.05%) | ≤80% | Refinance only — not for new purchases |
| Easy | 6.13% (comp. 6.15%) | ≤80% | All borrowers, no ongoing fees |
| Flex | 6.18% (comp. 6.20%) | ≤95% | 100% offset, higher LVR available |
Check Bendigo Bank's website for the latest rates and product eligibility.
Pros and Cons
Pros
- ✓ Express 6.04% is competitive for refinancers
- ✓ Flex offers 100% offset + accepts up to 95% LVR
- ✓ No ongoing fees on any product
- ✓ Unlimited extra repayments + free redraw on all products
- ✓ Customer-owned, established Australian bank
Cons
- ✗ Lowest rate (Express) is refinance-only
- ✗ Easy (6.13%) is above ING (6.04%) — only marginally competitive
- ✗ No offset on Express or Easy products
- ✗ Investment and IO rates not prominently published
How It Compares
Bendigo has three variable options: Express at 6.04% p.a. (≤80% LVR, refinance only), Easy at 6.13% p.a. (all borrowers, ≤80% LVR), and Flex at 6.18% p.a. (with 100% offset, up to 95% LVR). Against other lenders:
- Macquarie Bank Basic Home Loan6.09% p.a. — ≤70% LVR
- Westpac Flexi First Option (Online Offer)6.44% p.a. — ≤70% LVR
- loans.com.au Variable Home Loan (Bare)6.04% p.a. — ≤90% LVR
- Suncorp Bank Back to Basics Variable6.08% p.a. — new-to-bank, $150k+
- ING Mortgage Simplifier5.99% p.a. — ≤80% LVR
- St.George Basic Home Loan6.29% p.a. — ≤70% LVR
Compare head-to-head
Related guides
Comparison rate based on a $150,000 loan over 25 years. Information verified 21 June 2026. Confirm rates, fees, and eligibility on Bendigo Bank's website before applying. This is not financial advice.