Bendigo bank home loan are available in different packages. They are Bendigo home equity loan, Residential Variable home loan, Fixed rate residential housing loan, Residential variable investment loan, Fixed rate residential investment home finance, interest only loans, historic loans and Green home loans. All these home loans are given according to the needs and requirements of the borrowers. Lets look at them one by one.
Bendigo bank home loan are available in different packages. They are Bendigo home equity loan, Residential Variable home loan, Fixed rate residential housing loan, Residential variable investment loan, Fixed rate residential investment home finance, interest only loans, historic loans and Green home loans. All these home loans are given according to the needs and requirements of the borrowers. Lets look at them one by one.
Bendigo Bank Home Loan Rates
Bendigo Bank home loan interest rates are differently charged on different types of housing loans. It gives out seven types of home loans to its customers thus charging different interest rates on the same. Lets have a look at the different interest rates applied by Bendigo Bank.
- Bendigo Home Equity Loan: This allows you to increase your equity and put it to use in some other way. The interest rate charged on this home loan is 6% per annum. It also charges a monthly fee of $8. The rate of interest is charged on a monthly basis.
- Residential variable home loan: This home loan is best suited if you have plans of upgrading to a better residential apartments/ house. The loan term given is a maximum of 30 years and you can borrow 97% of the value of the property. The application fee charged is $150 and the rate of interest is 5.90% per annum.
- Fixed rate residential loan: This home loan is given to buy a fixed property like land. The interest charged is 5.59% per annum.
- Variable investment loan: The borrower can borrow maximum of 90% of the property value.
- Interest only loan: This loan is given up to a maximum of 10 years and a settlement fee of $80 is charged.
- Historic home loans: These loans are given only in Qld and Nsw and the minimum loan amount that can be availed is $20,000.
- Green home loans: Green home loans give you exciting discount rates on the loan applied. The interest rate charged by green home loans is 8.50% without any monthly fee.
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