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Bendigo Bank has updated its rates this week, with its Residential Home Loan product dropping to 5.76% from 6.01%. The comparison rate sits at 5.91%.
 
The lender also dropped its fixed rates, with its one-year fixed home loan decreasing to 4.69% from 5.31%.
 
The latest rates are as follows:
 
Fixed rate $8 monthly fee rate Comparison rate
1 year 4.69% 5.26%
2 year 4.64% 5.21%
3 year 4.59% 5.15%
4 year 4.79% 5.18%
5 year 4.89% 5.17%
 
Loan type $8 monthly fee Comparison rate
Residential Home Loan 5.76% 5.91%
with Package Plus (greater than $500,000) 4.86% 5.01%
with Package Plus (between $250,000 and $499,999) 4.96% 5.11%
with Package Plus (between $50,000 and $249,000) 5.16% 5.31%
Interest Only Term Loan 5.76% 5.91%
with Package Plus (greater than $500,000) 4.86% 5.01%
with Package Plus (between $250,000 and $499,999) 4.96% 5.11%
with Package Plus (between $50,000and $249,000) 5.16% 5.31%
Home Equity Loan 5.86% N/A
with Package Plus (greater than $500,00) 4.96% N/A
with Package Plus (between $250,000 and $499,999) 5.06% N/A
with Package Plus (between $50,000and $249,000) 5.26% N/A
Generation GreenTM Home Loan 5.26% 5.32%
Low Doc Variable Rate Loan 5.96% 6.02%
Low Doc Interest Only Term Loan 5.96% 6.026%

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan