Adelaide Bank Home Loans: The 2026 Review

Adelaide Bank, officially known as Bendigo and Adelaide Bank Limited, was established in 1998 following the merger of Bendigo Bank and Adelaide Bank. This strategic union was aimed at strengthening regional banking services and creating a robust financial entity headquartered in Adelaide, South Australia. Over the years, the bank has grown to become a significant player in the Australian banking landscape, maintaining a strong regional presence and a commitment to community-focused banking.

Today, Adelaide Bank operates as an independent entity, distinct from the Big 4 banks, and is publicly listed. It offers a wide range of financial products and services, with a particular emphasis on home loans. With 15 products and 651 variations, the bank delivers through both physical branches and online platforms. Its business model is characterised by competitive pricing, personalised service, and unique features such as multiple offset accounts and Qantas Points rewards, positioning it as a strong alternative to larger banks.

Adelaide Bank targets regional and community-focused customers, offering tailored banking solutions that meet the needs of these demographics. Its value proposition lies in its personalised approach and community engagement, appealing to borrowers who prefer a more intimate banking relationship. The bank's focus on competitive home loan rates and unique rewards programs makes it an attractive option for a diverse range of borrowers, including frequent travellers.

• Legal Name: Bendigo and Adelaide Bank Limited
• Established: 1998
• Headquarters: Adelaide, South Australia
• Type: Publicly Listed Company
• Ownership: Independent

• Website: https://www.bendigoadelaide.com.au

Adelaide Bank offers a comprehensive range of home loan products designed to provide financial flexibility and cost savings, with standout features like multiple offset accounts and Qantas Points rewards for larger loans.

• 100% Offset Accounts: Adelaide Bank allows up to six 100% offset accounts per loan, applicable to both variable and fixed rate loans. This feature helps borrowers reduce interest payments by offsetting the loan balance with deposits in these accounts, offering significant interest savings over the loan term.
• Redraw Facility: Both manual and online redraw options are available, providing borrowers with the flexibility to access extra funds paid into their loan. This feature supports financial management by allowing access to additional repayments when needed.
• Additional Repayments: Unlimited additional repayments can be made on variable loans, while fixed loans allow up to $20,000 in extra repayments per annum without penalty. This flexibility enables borrowers to pay off their loans faster and reduce interest costs.
• Monthly Repayments: Monthly repayment schedules are standard, helping borrowers manage their cash flow with predictable payment cycles. This consistency aids in budgeting and financial planning.
• Qantas Points Rewards: For loans over $500,000, borrowers can earn 175,000 Qantas Points, adding value for frequent travellers. This reward program enhances the overall benefits of the loan for those who travel regularly.
• No Monthly Fee for Basic Loans: Basic home loans come with no ongoing fees, reducing the overall cost of borrowing. This feature is beneficial for cost-conscious borrowers looking to minimise expenses.
• Digital Banking Features: Adelaide Bank provides comprehensive online banking services, including mobile app access and automated valuations. These digital tools offer convenience and ease of managing loans from anywhere.

Adelaide Bank offers a transparent fee structure with both fixed and variable charges, allowing borrowers to understand the total cost of their home loans.

• Application Fee: $345 - Charged at the initiation of the loan application process.
• Security Processing Fee: $0 - No charge for processing security documentation.
• Duplicate Fee: $16.5 - Applies when requesting duplicate statements or documents.
• Settlement Service Fee: $345.4 - Charged at the time of loan settlement.
• Monthly Service Fee: $15 (Monthly) - Applies to offset home loans, covering account maintenance.
• Discharge Administration Fee: $350 - Payable upon full repayment and closure of the loan account.
• Break Cost Fee: Variable - Applies during a fixed rate period if certain conditions are met, such as changing the rate or making large additional repayments.
• Variation Fee: $250 - Charged when making changes to the loan terms or conditions.

Adelaide Bank offers home loans to a diverse range of borrowers, focusing on regional and community-focused customers with competitive rates and unique features.

• Applicants must be at least 18 years old.
• Applicants must be Australian citizens or permanent residents.
• Applicants must demonstrate a stable income and ability to repay the loan.
• A good credit history is required, meeting Adelaide Bank's lending criteria.
• Credit and lending criteria, fees, and charges apply.
• For loans over $500,000, borrowers may earn 175,000 Qantas Points.
• Comprehensive documentation is required for self-employed individuals.
• Offset home loans incur a $15/month service fee, while basic home loans have no ongoing fees.
• Restrictions may apply on offset accounts and additional payments during fixed terms.

• Loans with an LVR above 80% may require Lenders Mortgage Insurance (LMI).
• Some products may accept a 5% deposit with a guarantor.
• Qantas Frequent Flyer membership benefits are available for specific loan products.