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Residential rates and fees

Interest rates for new home loans

Owner occupied 

Variable rates

Effective from 20/02/2024

Loan Principal & interest Principal & interest comparison rate* Interest only# Interest only comparison rate*
SmartFit (≤80% LVR) 100% Offset 6.09% p.a. 6.26% p.a. 7.23% p.a. 6.77% p.a.
SmartFit (≤90% LVR) 100% Offset 6.39% p.a. 6.59% p.a. 7.73% p.a. 7.17% p.a.
SmartFit (>90% LVR) 100% Offset 7.73% p.a. 7.92% p.a. N/A N/A
SmartSaver (≤80% LVR) 6.09% p.a. 6.10% p.a. 7.23% p.a. 6.62% p.a.
SmartSaver (≤90% LVR) 6.39% p.a. 6.43% p.a. 7.73% p.a. 7.02% p.a.
SmartSaver (>90% LVR) 7.73% p.a. 7.77% p.a. N/A N/A

Construction loan rates

Loan Principal & interest Principal & interest comparison rate* Interest only#
(12 or 24 months)
Interest only comparison rate*
(12 or 24 months)
SmartFit (≤80% LVR) 100% Offset 6.24% p.a. 6.48%p.a. 6.24% p.a. 6.48% p.a.
SmartFit (≤90% LVR) 100% Offset 6.54% p.a. 6.77% p.a. 6.54% p.a. 6.77% p.a.

Bridging loan rates

Loan Principal & interest Principal & interest comparison rate*
SmartFit (≤80% LVR) 100% Offset 6.34% p.a. 6.63% p.a.

 

Fixed rates^2

Effective from 20/02/2024

Loan Principal & interest Principal & interest comparison rate* Interest only# Interest only comparison rate*
1 year SmartFix 100% Offset 6.29% p.a. 6.28% p.a. 6.79% p.a. 6.36% p.a.
2 year SmartFix 100% Offset 6.29% p.a. 6.30% p.a. 6.79% p.a. 6.42% p.a.
3 year SmartFix 100% Offset 6.29% p.a. 6.31% p.a. 6.79% p.a. 6.48% p.a.
4 year SmartFix 100% Offset 6.39% p.a. 6.37% p.a. 6.79% p.a. 6.53% p.a.
5 year SmartFix 100% Offset 6.39% p.a. 6.39% p.a. 6.79% p.a. 6.58% p.a.
1 year SmartSaver Fixed 6.29% p.a. 6.12% p.a. 6.79% p.a. 6.20% p.a.
2 year SmartSaver Fixed 6.29% p.a. 6.13% p.a. 6.79% p.a. 6.27% p.a.
3 year SmartSaver Fixed 6.29% p.a. 6.15% p.a. 6.79% p.a. 6.32% p.a.
4 year SmartSaver Fixed 6.39% p.a. 6.20% p.a. 6.79% p.a. 6.38% p.a.
5 year SmartSaver Fixed 6.39% p.a. 6.23% p.a. 6.79% p.a. 6.43% p.a.

Investment 

Variable rates

Effective from 20/02/2024

Loan Principal & interest Principal & interest comparison rate* Interest only# Interest only comparison rate*
SmartFit (≤80% LVR) 100% Offset 6.43% p.a. 6.63% p.a. 6.74% p.a. 6.75% p.a.
SmartFit (≤90% LVR) 100% Offset 6.88% p.a. 7.08% p.a. 7.19% p.a. 7.20% p.a.
SmartSaver (≤80% LVR) 6.43% p.a. 6.47% p.a. 6.74% p.a. 6.60% p.a.
SmartSaver (≤90% LVR) 6.88% p.a. 6.92% p.a. 7.19% p.a. 7.05% p.a.

Construction loan rates

Loan Principal & interest Principal & interest comparison rate* Interest only#
(12 or 24 months)
Interest only comparison rate*
(12 or 24 months)
SmartFit (≤80% LVR) 100% Offset 6.68% p.a. 6.91% p.a. 6.68% p.a. 6.91% p.a.
SmartFit (≤90% LVR) 100% Offset 7.13% p.a. 7.36% p.a. 7.13% p.a. 7.36% p.a.

Bridging loan rates

Loan Principal & interest Principal & interest comparison rate*
SmartFit (≤80% LVR) 100% Offset 6.68% p.a. 6.97% p.a.

 

Fixed rates12

Effective from 20/02/2024

Loan Principal & interest Principal & interest comparison rate* Interest only# Interest only comparison rate*
1 year SmartFix 100% Offset 6.49% p.a. 6.64% p.a. 6.59% p.a. 6.64% p.a.
2 year SmartFix 100% Offset 6.49% p.a. 6.64% p.a. 6.59% p.a. 6.66% p.a.
3 year SmartFix 100% Offset 6.49% p.a. 6.65% p.a. 6.64% p.a. 6.68% p.a.
4 year SmartFix 100% Offset 6.59% p.a. 6.69% p.a. 6.74% p.a. 6.73% p.a.
5 year SmartFix 100% Offset 6.59% p.a. 6.70% p.a. 6.74% p.a. 6.75% p.a.
1 year SmartSaver Fixed 6.49% p.a. 6.48% p.a. 6.59% p.a. 6.49% p.a.
2 year SmartSaver Fixed 6.49% p.a. 6.48% p.a. 6.59% p.a. 6.50% p.a.
3 year SmartSaver Fixed 6.49% p.a. 6.49% p.a. 6.64% p.a. 6.53% p.a.
4 year SmartSaver Fixed 6.59% p.a. 6.53% p.a. 6.74% p.a. 6.58% p.a.
5 year SmartSaver Fixed 6.59% p.a. 6.54% p.a. 6.74% p.a. 6.60% p.a.

Roll to variable rates

Effective from 20/02/2024

Loan Owner occupied principal & interest Owner occupied interest only Investment principal & interest Investment interest only
SmartFix 100% Offset 6.09% p.a. 6.09% p.a. 6.43% p.a. 6.43% p.a.
SmartSaver 6.09% p.a. 6.09% p.a. 6.43% p.a. 6.43% p.a.

Interest Only available up to 5 years, with an LVR less than 80%.

Maximum LVR of 90% (including capitalised LMI) for Investment products.

Fees and charges

Things you should know

 

All lending interest rates are subject to change. Rates are for new lending only. Fees and Charges may be applicable and can be found in the Lending Fees and Charges Guide.

*Important information about comparison rates
The comparison rates displayed are calculated for a loan amount of $150,000 over a 25 year loan term. All comparison rates are calculated with a nil offset balance. Comparison rates for Interest Only variable rate loans are based on an initial 5 year Interest Only period and 20 years of Principal & Interest. If the comparison rate relates to a loan with a fixed interest rate, the comparison rate has been calculated assuming a variable SmartFit or SmartSaver with Loan to Valuation Ratio (LVR) less than or equal to 80% will apply at the end of the fixed rate period.

WARNING: This comparison rate applies only to examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence that cost of the loan.

^Rates apply for all new loans applied for after 20/02/2024
Rates may vary depending on individual customer circumstances

SmartFix owner occupied P&I maximum 80% LVR products roll to an owner occupied variable P&I product.
SmartSaver Fixed owner occupied P&I maximum 80% LVR products roll to an owner occupied variable P&I product.
SmartFix owner occupied IO maximum 80% LVR products roll to an owner occupied variable IO product.
SmartSaver Fixed owner occupied IO maximum 80% LVR products roll to an owner occupied variable IO product.

SmartFix owner occupied P&I above 80% LVR products roll to an owner occupied variable P&I product.
SmartSaver Fixed owner occupied P&I above 80% LVR products roll to an owner occupied variable P&I product.
SmartFix owner occupied IO above 80% LVR products roll to an owner occupied variable P&I product.
SmartSaver Fixed owner occupied IO above 80% LVR products roll to an owner occupied variable P&I product.

#Interest Only available up to 5 years, with max LVR 90%.

1Rates apply for all new loans applied for after 20/02/2024
Rates may vary depending on individual customer circumstances
SmartFix investment P&I products roll to an investment variable P&I product rate of 6.88% p.a.
SmartSaver Fixed investment P&I products roll to an investment variable P&I product rate of 6.88% p.a.
SmartFix investment IO products roll to an investment variable IO product rate of 6.88% p.a.
SmartSaver Fixed investment IO products roll to an investment variable IO product rate of 6.88% p.a.

2All SmartFix rates are calculated on the basis that they roll to the variable SmartFit product rate at the end of the initial term. All SmartSaver Fixed rates are calculated on the basis that they roll to the variable SmartSaver product rate at the end of the initial term. Fixed rate Interest Only loans are calculated as Interest Only for the duration of the fixed term, rolling to Principal & Interest for the rest of the loan term. During an Interest Only period, Interest Only payments will not reduce the loan balance and so more may have to be paid over the life of the loan.

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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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