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Basic loan

With no monthly fee and the flexibility of a variable or fixed rate, our basic loan is as practical as it is is simple.

Key features

  • 1
    Variable and fixed rate options
  • 2
    No monthly administration fees
  • 3
    Free to redraw online or via our app^
  • 4
    Unlimited extra repayments for variable and up to $20,000 p.a. without penalty for fixed

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Things you should know

 

^Redraw is not automatic. All customers must provide consent to have this function set up and must have at least one repayment ahead, before they can redraw any funds so that they will not fall into arrears. For example, if a minimum monthly repayment is $2,500 and the customer has an ahead balance of $10,000, the customer can only withdraw $7,500 if this function is set up.

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Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

This website is for broker use only and any advice provided is of a general nature only. Information on this page can change without notice to you.
Credit provided by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. GPO Box 1048, Adelaide SA 5001. Terms conditions and lending criteria apply.
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