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Business Finance > Business Residential Investment Loan |
To find out more about Bendigo Bank, click here to access our Financial Services Guide (FSG). You must review the FSG before accessing information on this website.
Business Residential Investment Loan
The Business Residential Investment Loan assists non-trading companies or trusts that wish to purchase a residential investment property.
The Business Residential Investment Loan range of products consists of:
- Interest only loans: Fixed Rate 1-5 years;
- Interest only loans: Variable Rate;
- Principal and Interest loans: Fixed Rate 1-5 years;
- Principal and Interest loans: Variable Rate
- Bendigo Home Loan Package: Fixed Rate 1-5 years;
- Bendigo Home Loan Package: Variable Rate;
- Bendigo Home Loan Package Plus: Fixed Rate 1-5 years;
- Bendigo Home Loan Package Plus: Variable Rate
| Loan Features |
| Loan Type |
Principal and Interest, and Interest Only |
| Term |
- Principal and Interest: 30 years
- Interest Only: 10 years
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| Interest Type |
Fixed Rate and Variable Rate |
| Interest Charged |
Monthly |
| Payments |
Monthly/Fortnightly |
| Principal Payments |
- Variable Rate: Yes
- Fixed Rate: Maximum 20% can be repaid during the Fixed Rate term.
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| Redraw Facility |
Yes for Variable Rate Principal and Interest.
No for other product types |
| Fixed Rate Lock |
Yes on fixed rate loans |
| Progressive Drawdown |
Yes on variable rate loans |
| Interest Rate Caps and Collars |
No |
| Fees On Your Loan |
- Application Fee: $150
- Settlement Fee: $80
- Legal and Valuation Fees apply
- Statutory fees and charges apply
- Monthly Account Service Fee (optional): $8
- Redraw fee: $25 per redraw
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| Bonuses |
- 1.00% pa discount on new or existing Bendigo Red Credit Card – Up to 44 Days Interest Free
- 1.00% pa discount on new or existing Bendigo Red Credit Card – No Interest free
- 3.00% pa discount on our Bendigo Red Credit Card – Up to 44 Days Interest Free, if the Business Residential Investment Loan has been with Bendigo Bank for more than 12 months
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Interest Rates
| Business Residential Investment Loan |
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Rate |
Redraw |
| Variable - $8 Monthly Fee |
7.45% pa |
Yes
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| Variable - No Monthly Fee |
7.65% pa |
Yes
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| Fixed 1 Year - $8 Monthly Fee |
6.89% pa |
No
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| Fixed 2 Years - $8 Monthly Fee |
7.39% pa |
No
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| Fixed 3 Years - $8 Monthly Fee |
7.69% pa |
No
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| Fixed 4 Years - $8 Monthly Fee |
8.04% pa |
No
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| Fixed 5 Years - $8 Monthly Fee |
8.14% pa |
No
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| Bendigo Home Loan Package - Business Residential Investment Loan Interest Rates |
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Rate |
Redraw |
| Residential Investment Loan, Variable - $8 Monthly Fee |
6.95% pa |
Yes |
| Residential Investment Loan, Variable - No Monthly Fee |
7.15% pa |
Yes |
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