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Adelaide Bank
One of the six largest banks in Australia, Adelaide Bank was established in 1994. Originating from Australia’s largest building society, the Co-operative Building Society of South Australia, Adelaide Bank’s legacy goes back more than 100 years.
Adelaide Bank is among Australia’s leading lenders and manages assets of over $17 billion from its headquarters in South Australia. Adelaide Bank customers have access to over 2000 ATMs across Australia.
Adelaide Bank is well known for its user-friendly products and offers a wide range including insurances, bank accounts, credit cards and home loans. It’s believed to generate more than three per cent of Australian mortgage loan approvals annually.
Since a merger with Bendigo Bank in 2007, Adelaide Bank has operated as a dedicated lending business specialising in providing mortgage and loan services to everyday banking customers.
Adelaide Bank Home Loan Calculator
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Adelaide Bank home loan repayment calculator
Your estimated mortgage repayments
at interest rate 2.49%
Total interest payable
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Pros and cons
- 100 per cent offset is available on most home loans (not including the SmartSaver loan).
- All loans offer a choice between principal and interest or interest only repayments.
- Can accommodate people with smaller deposits.
- Extra repayments are allowed on all home loans, with some capping additional repayments at $20,000.
- Ongoing monthly fees apply to most home loans (not including the SmartSaver loan).
- Not all accounts offer equity release.
- No package deals are offered.
Adelaide Bank home loans rates
Product | Advertised Rate 2.49% Variable | Total estimated upfront fees | Comparison Rate* 2.53% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.34% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.62% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.29% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.63% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.20% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.64% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.20% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.68% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.99% Variable | Total estimated upfront fees | Comparison Rate* 2.71% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.20% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.72% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.49% Variable | Total estimated upfront fees | Comparison Rate* 2.73% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.73% Variable | Total estimated upfront fees | Comparison Rate* 2.77% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.79% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.77% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.84% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.79% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.34% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.81% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.29% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.82% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.94% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.82% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.20% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.83% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.79% Variable | Total estimated upfront fees | Comparison Rate* 2.83% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.20% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.87% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.99% Variable | Total estimated upfront fees | Comparison Rate* 2.88% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.35% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.90% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.99% Variable | Total estimated upfront fees | Comparison Rate* 2.90% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.20% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.92% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.59% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.93% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.69% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.94% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.35% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.95% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.55% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 2.95% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.73% Variable | Total estimated upfront fees | Comparison Rate* 2.96% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.79% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 2.96% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.34% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.96% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.84% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.97% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.55% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 2.99% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.79% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 2.99% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.34% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 2.99% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.35% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 3.01% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.89% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.01% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.79% Variable | Total estimated upfront fees | Comparison Rate* 3.02% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.94% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 3.02% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.55% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 3.03% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.99% Variable | Total estimated upfront fees | Comparison Rate* 3.07% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.03% Variable | Total estimated upfront fees | Comparison Rate* 3.07% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.35% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 3.09% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.59% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.12% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.55% Fixed - 3 years | Total estimated upfront fees | Comparison Rate* 3.13% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.69% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.13% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.35% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 3.14% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.79% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.16% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.23% Variable | Total estimated upfront fees | Comparison Rate* 3.16% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.34% Fixed - 4 years | Total estimated upfront fees | Comparison Rate* 3.16% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.55% Fixed - 2 years | Total estimated upfront fees | Comparison Rate* 3.17% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.89% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.18% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.35% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 3.20% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.34% Fixed - 5 years | Total estimated upfront fees | Comparison Rate* 3.20% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 2.55% Fixed - 1 year | Total estimated upfront fees | Comparison Rate* 3.21% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.03% Variable | Total estimated upfront fees | Comparison Rate* 3.26% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.23% Variable | Total estimated upfront fees | Comparison Rate* 3.34% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.43% Variable | Total estimated upfront fees | Comparison Rate* 3.47% | Ongoing fee | Go to site | More details |
Product | Advertised Rate 3.43% Variable | Total estimated upfront fees | Comparison Rate* 3.66% | Ongoing fee | Go to site | More details |
Adelaide Bank customer service
Adelaide Bank home loan customers can get in touch with their mortgage provider in a variety of different ways. Depending on the needs of the customer it’s possible to speak to the bank directly either face-to-face in branch or by calling the customer service centre. Customers with access to the internet can obtain a full overview of their Adelaide Bank accounts online or via their mobile app. It’s also possible to get in touch via email. If a home loan customer’s personal circumstances change and they need to seek assistance restructuring their repayments, Adelaide Bank offers a financial hardship hotline.
- Customer service centre (phone)
- Mobile app
- Online banking
- Branch
How to Apply
To begin the process of arranging a home loan, borrowers will need to apply online or in branch to arrange a face-to-face interview with a mortgage broker. Adelaide Bank has a network of over 5000 approved mortgage brokers across Australia who will facilitate the entire process for customers. Before meeting a broker it’s recommended that those seeking a mortgage look at the range of home loans available and consider how much they can afford to borrow, and over what time period. Even when applying for the paperwork-light SmartDoc and SmartDoc Plus loans it’s likely that some documents will be required upon application. These may include:
- Personal identification.
- Details of current assets, including estimated values.
- Details of current debts, including credit limits.
- Gross income.
- Estimated value of any property offered as security.
- Details of deposit and equity.
- Previous mortgage statements (for refinancers).
Adelaide Bank top home loans products
Learn more about home loans
What are the NAB term deposit interest rates for businesses?
If you’re looking to lock in a return on your business savings, one option is a business term deposit with NAB. The big four bank provides competitive interest rates while giving you the flexibility to choose the term. NAB offers business term deposit interest rates for investments of between $5,000 to $499,999.
NAB doesn’t charge any monthly account or application fees. The interest is calculated daily and for the 90-day term and six months term, you will get paid when the deposit matures. For the 12 months term, you can either choose to get paid monthly, quarterly, half-yearly or annually.
If you wish to withdraw your funds before the deposit matures, you need to give NAB 31 days notice. However, they do make exceptions if you’re experiencing hardship and need the funds immediately. Either way, you may have to bear the prepayment cost, which you can learn more about in the Terms and Conditions.
Can I apply for an ANZ non-resident home loan?
You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:
- You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
- Your job is included in the Australian government’s Medium and Long Term Strategic Skills List.
However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.
How do you qualify for a CBA home loan with casual employment?
Qualifying for a home loan without a full-time job may be challenging, but it can be done. The first step is to understand how a CBA home loan is assessed when you have casual employment.
Most lenders will assess your expenses and savings while checking your loan eligibility, checking on factors crucial to home loan approval, such as if your bills are paid on time and what your credit score presently looks like.
Your income can be one of the most critical factors to determine your final approved home loan amount. As such, you’ll need to provide payslip copies to lenders to assist them in assessing your income during the loan tenure, regardless of your employment status, full-time, part-time, or otherwise.
Casual employees will want to be casually employed for at least 12 months to be eligible for a home loan. Alternatively, you want to have worked as a permanent casual worker (working for a fixed number of hours per week) for at least one month, or you should have been in your current job for a minimum of three months (if the hours are irregular) to be eligible for the loan.
How long does Bankwest take to approve home loans?
Full approval for a home loan usually involves a property valuation, which, Bankwest suggests, can take “a week or two”. As a result, getting your home loan approved may take longer. However, you may get full approval within this time if you applied for and received conditional approval, sometimes called a pre-approval, from Bankwest before finalising the home you want to buy.
Another way of speeding up approvals can be by completing, signing, and submitting your home loan application digitally. Essentially, you give the bank or your mortgage broker a copy of your home’s sale contract and then complete the rest of the steps online. Bankwest has claimed this cuts the approval time to less than four days, although this may only happen if your income and credit history can be verified easily, or if your home’s valuation doesn’t take time.
Can I get a NAB first home loan?
The First Home Loan Deposit Scheme of NAB helps first home buyers purchase a property sooner by reducing the upfront costs required. This scheme is offered based on a Government-backed initiative, with10,000 available places announced in October 2020.
Suppose your application for the NAB first home buyer loan is successful. In that case, you’ll only need to pay a low deposit, between 5 and 20 per cent of the property value and won’t be asked to pay lender's mortgage insurance (LMI). You’ll also receive a limited guarantee from the Australian government to purchase the property.
If you’re applying for the NAB first home buyer home loan as an individual, you need to have earned less than $125,000 in the last financial year. Couples applying for the NAB first home loan need to have earned less than $200,000 to be eligible. To be considered a couple, you need to be married or in a de facto relationship. A parent and child, siblings or friends are not considered a couple when applying for a NAB first home loan.
The NAB First Home Loan Deposit Scheme is currently offered only to purchase a brand new property, rather than an established property.
How can I apply for a first home buyers loan with Commonwealth Bank?
Getting a home loan requires planning and research. If you are considering a home loan with the Commonwealth Bank, you can find the information you need in the buying your first home section of the bank’s website.
You can see the steps you should take before applying for the loan and use the calculators to work out how much you can borrow, what your monthly repayments would be and the upfront costs you’d likely pay.
You can also book a time with a Commonwealth first home loan specialist by calling 13 2221.
CommBank publishes a property report that may help you understand the real estate market. The bank has also created a CommBank Property App that you can use to search for property. The link to download this app is available on the same webpage.
If you are eligible for the First Home Loan Deposit Scheme, CommBank will help you process your application. The scheme helps first home buyers to purchase a home with a low deposit. You can read details about this scheme here and speak with a CommBank home lending specialist to understand your options.
How do I get a pre-approved home loan with Aussie?
Getting Aussie home loan pre-approval means receiving conditional support from Aussie Home Loans to borrow the money you need to buy a home.
It’s an indication of the approximate amount Aussie may offer you, subject to some terms and conditions. Keep in mind, having a pre-approved home loan does not guarantee an actual approval of your loan when it comes time to buy.
Aussie home loan pre-approval often involves speaking to one of the lender’s brokers. You can make an appointment online. You’ll often have to submit your personal details and other information about your assets, income, liabilities and expenses. It’s worth remembering that a pre-approved loan is usually valid for a few months.
Can I get a NAB home loan on casual employment?
While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).
While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.
Remaining loan term
The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.
How to apply for a pre-approval home loan from Bendigo Bank?
Applying for pre-approval on your home loan gives you confidence in your ability to secure finance while looking at potential new homes. You can get a free and personalised pre-approval home loan from Bendigo Bank in just a few minutes, without any credit checks or paperwork.
Bendigo Bank offers pre-approval for home loans that allow you to understand the home loan size you may be able to get before looking for a new home.
With the pre-approval, Bendigo Bank provides an estimate of your borrowing power. This figure incorporates stamp duty, lenders mortgage insurance (LMI) and any first home buyer incentives you may be eligible for. You may also qualify for the First Home Loan Deposit Scheme initiative, depending on your circumstances.
To apply for a pre-approval on your home loan from Bendigo Bank, all you need to do is fill in a smart form. You could also contact the bank directly on 1300 236 344.
What is the average length of a home loan?
Most Aussie lenders offer home loans with a 30-year term, meaning that you should pay back the full loan amount and the interest you owe on the amount in 30 years.
However, home loans can also have a shorter or longer term. They may be as low as ten years or up to 45 years, depending on the product and lender.
It’s worth remembering that a longer loan term usually means you’ll end up paying a lot more interest in total, but your scheduled repayments may be more manageable. In contrast, you could opt for a shorter loan term if you are comfortable making large repayments in exchange for paying less interest over the term of the loan.
How do I apply for a home loan pre-approval from Commonwealth Bank?
To apply for a Commbank home loan pre-approval, you can either call the bank at 13 2224 or meet one of the bank’s lending specialists. You can set up a meeting online if you wish. You’ll need to do some homework before contacting the bank, such as gathering information on the kind of properties you’d like to buy and their prices.
Preparing a financial summary, which lists all your income sources as well as significant expenses, can also help determine how much you can afford to borrow. You may also want to check your credit score before applying for pre-approval.
It’s worth remembering that a CBA home loan pre-approval doesn’t guarantee that you’ll get the loan. Once you get the pre-approval, you’ll have about three to six months to decide on a property and apply for the home loan. The bank will then confirm that the property is suitable for the loan before fully approving it.
How can I get ANZ home loan pre-approval?
Shopping for a new home is an exciting experience and getting a pre-approval on the loan may give you the peace of mind that you are looking at properties within your budget.
At the time of applying for the ANZ Bank home loan pre-approval, you will be required to provide proof of employment and income, along with records of your savings and debts.
An ANZ home loan pre-approval time frame is usually up to three months. However, being pre-approved doesn’t necessarily mean you will get your home loan. Other factors could lead to your home loan application being rejected, even with a prior pre-approval. Some factors include the property evaluation not meeting the bank’s criteria or a change in your financial circumstances.
You can make an application for ANZ home loan pre-approval online or call on 1800100641 Mon-Fri 8.00 am to 8.00 pm (AEST).
How do I find out my current interest rate and how much is owing on my loan?
Your bank statements and/or your internet banking should show these details. If you are not sure, call your bank or estimate.
Who offers 40 year mortgages?
Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank.
Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.
Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.