Get exclusive money-saving offers and guides
Straight to your inbox
A solution for both new owner-occupiers and investors, Bendigo Bank’s Express Home Loan offers fixed and variable options as well as features like offset accounts and extra repayments.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Review by
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification.
The Bendigo Express Home Loan is a solid home loan for new buyers who are buying established property in a capital city or major regional centre. It has options for fixed and variable rate loans for both investors and owner-occupiers. Being aimed at new home loans only, it has a maximum loan-to-value ratio (LVR) of 90%. There are also fees to be aware of, such as the $250 application fee, $10 a month ongoing fee and $35 late payment fee, but these are not totally out of the ordinary. Despite the fees, it is a great solution for many first home buyers with a quick and simple online application, competitive interest rates and an offset account option.
To apply for this home loan or learn more about it, click the green button and follow the steps to connect with Bendigo Bank and start an application.
With an online application for the Express Home Loan, you can start it at any time and then return to it later. Once you've applied you should receive a quick decision, with loan documents sent out the same day if you're approved.
When applying for any home loan there are various documents that you will need to provide to establish your identity, financial situation and details about the property.
Documents that may be required include:
Property details. Although you can start an application before you have bought the property, you will need the address and signed contract of sale to complete the application.
Identification. You will need at least one form of government ID such as a driver's licence, passport or Medicare card.
Proof of income. To prove you can afford to repay the loan, you will need to provide recent payslips or, in some cases, tax returns.
Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (outstanding debts).
To be eligible for the Express Home Loan at Bendigo Bank, you must: