Bendigo Bank Loans Review

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Bendigo Bank Limited is Australia’s lender who is known for offering great packages on home loans, personal loans, and car loans.

About Bendigo And Adelaide Bank

The bank services over 300 communities, businesses, and families and more than 1.3 million customers. The headquarters of the bank is located in Bendigo, with a dominant force in Queensland and Victoria. The bank is experienced in joint ventures and communities as it continues to provide its wide customer base with a range of products and advice. Now, let us do a loans review on the types of loans you can access at Bendigo and Adelaide Bank Limited.

Bendigo Bank Personal Loans

Secured green personal loan and Secured personal loan offer a minimum loan of $2.000 with interest rates of approximately 6.79% and 7.79% respectively. Both loans also attract an application fee of $150. If you would like to borrow $20.000 for 4 years, your monthly installments will be $477 and $486.

If you wish to apply for ‘Unsecured personal loan’ and ‘Unsecured green personal loan’, you will have to pay an upfront fee of $10 on both loans that have a minimum amount of $2000. The interest rates on each loan are approximately 12.79% and 11.79% respectively. If you borrow $20K for a repayment period of 3 years, your monthly installments will be $672 and $662 respectively.

Bendigo Bank Car Loans

Bendigo loan lenders Australia offer ‘Secured green personal loan’ and ‘Secured personal loan’ that have an upfront fee of $150 and a minimum loan amount of $2000. The approximate interest rate on each loan is 6.79% and 7.79% respectively. If you borrow $30.000 for 5 years, then your monthly repayment plan will be $591 and $605 respectively.

Bendigo Bank Home Loans

To qualify for the loan on one of the best Australia lenders, the bank will calculate how much you can borrow, repayments, your borrowing costs that include the lender’s mortgage insurance, stamp duty, and first home buyer grants.

You do not need to have any paperwork or credit checks. The estimates are delivered in minutes. If you are applying for a residential investment home, you have to borrow between $50.000 and $250.000. If you borrow $200K, with a repayment period of 20 years, the approximate interest rate will be 4.99% and you will be paying a monthly installment of $1,714.

For ‘Connect package home loan fixed 2 years’, you will receive an interest rate of 3.89% for the first 2 years, and 4.43% for the rest of the years. For ‘Connect package investment loan’ and ‘Generation green home loan,’ you can only borrow more than $500k with an approximate interest of 4.34% and 4.48% respectively for 25 years while paying $2,187 and $2,773 respectively per month.