Adelaide Bank

Adelaide Bank

Founded: 1994

Lender Type: Mortgage Broker Bank

Owned by: Bendigo & Adelaide Bank

With a 150-year history, Adelaide Bank has evolved from modest community lender to being one of Australia’s largest building societies. After merging with Bendigo Bank in 2007 to form Bendigo and Adelaide Bank Limited, the lender became Australia’s 5th largest bank. Adelaide Bank offers an excellent selection of flexible yet simple home loan products, as well as a uniquely personalised service.

Key Benefits

Simple, straightforward home loans with competitive rates
Flexible payment options
Several low doc loan products available

Drawbacks

Most home loans come with ongoing monthly fees
No package deals offered
No discounted rates available

Home Loan Products

Compare Home Loans

Home Loans Description

SmartFit

This full-featured variable rate home loan comes with plenty of flexibility for the borrower who appreciates options when it comes to paying down their loan. You’ll have access to a 100% offset account, free redraw, and can make unlimited early repayments without paying a penalty. And, you’ll get a competitive rate and the option to start with a small deposit.

SmartFix

Want security and flexibility? Adelaide Bank’s SmartFix home loan product comes with the peace of mind of a fixed rate period, plus all the standard payment features including 100% offset, redraw, and the ability to make additional repayments up to $20,000. Fixed terms range from 1 to 5 years.

SmartSaver

This is Adelaide Bank’s smart option for borrowers who don’t need all the frills, nor the complexity. It’s simple; put more money towards your mortgage with a low rate and no monthly service fees. You can also make unlimited extra repayments without penalty and repay either interest only or principal and interest.

SmartDoc

True to their claim of supporting the prosperity of all Australians, Adelaide Bank offers great value for self-employed borrowers with competitive low doc loans. You can still enjoy the benefits of a well-featured loan, like 100% offset and free redraws, without having to come up with all the traditional financial paperwork to apply.

SmartDocFix

Work for yourself and get the stress-free home loan you deserve. With the SmartDocFix home loan product, choose from 1 to 5-year fixed rate terms and get control over how you pay down your mortgage with great features like 100% offset, free redraws, and the ability to pay either principal and interest or interest only repayments.

SmartDocPlus

This low doc home loan option will simplify your financial life. You can qualify without all the normal paperwork requirement and take advantage of smart features like 100% offset, redraw, and flexible payment options. Something you won’t find with a lot of other lenders in a low doc loan – Adelaide Bank’s SmartDocPlus does not require lender’s mortgage insurance! With this option, however, you can only borrow 70% of the loan to value ratio.

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