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Bendigo Bank - Flexible home loans

The equity home loan allows you to tap into your home equity to free up some funds.

This home loan offers flexibility on the term and the number of your repayments. The fact is you are able to pay as much or little as the choice is yours, as long as the balance is below the approved credit limit.

Generation green home loan

Their Generation Green home loan will reward you for either building or buying an energy-efficient home. This benefit allows you a reduction of the Standard Variable home loan rate, together with no monthly service fees on your loan. They offer flexible repayment plus you also have the option to make as many additional repayments. Manual, as well as online redraw, is available which acts as an emergency loan when you need it.

Features and benefits of their fixed rate home loan

• High loan-to-value (LVR) ratio – you are permitted to borrow up to 95 % of the property value which means you only need 5 % for the down payment. The maximum LVR is 90 % for vacant land. Should you want to borrow more than 80 % of the property value, you would need to pay Lender Mortgage Insurance (LMI)
• Standard loan term – This loan goes hand in hand with your long-term home ownership or investment plans, plus you can borrow a maximum of up to 30 years.
• Rate lock available – There is no chance of your interest rate fluctuating during the time it takes to settle because the rate stays the same during your settlement period, this rate is locked for three months from the date of your application but please take note that there is a fee involved, payable from a nominated bank account.
• Flexible repayments – You are able to decide how you would like to make repayment on your loan account either by month, weekly or every fortnight, this loan is suited for those who are paid on different periods of the month.
• Additional repayments - You may make additional payments of payments of up to 20 % on the balance over a fixed term of the loan
• Redraw facility – Any additional repayments made on this loan can be redrawn as a quick loan on funds at no charge, but should you draw in the branch a fee of $25 will be charged.
• Partial offset account – A partial offset account gives you the benefit of saving on interest, there are hundreds of Suncorp branches and ATMs across Australia as well as internet banking which is available and linked to a blue Debit MasterCard, plus, you are able to use this account as your daily transaction account.
• Save on fees - The advantage of this account is that you could receive a transaction fee rebate on a variety of eligible accounts that includes a retirement account, Ultimate Account, Mortgage Saver(offers a full rebate), Shareholder Account, Community Choice Investment, Student Account and a Community Account.
• Discounts off your credit card – Bendigo Bank Red Credit Card offers a 3 % per annum discount
• Discounts off your insurance – You could be entitled to free Bendigo home insurance from the time of contract to your settlement date if you should decide to buy the Home and Contents insurance policy.
• And last but not least Bendigo home loans also offer a split facility