Alpha Home Loan

Tailor your finance from a versatile range of loan options.


The Alpha Home Loan

Alpha isn’t just about making home ownership happen. It’s also about helping your new commitment fit in as comfortably as possible with other aspects of your life. Whether you’re a first home buyer or looking to refinance, building a new home or renovating an old one, or are an investor or self-employed, our Alpha home loans are designed to shift with your changing needs and circumstances. And they’re provided by Bendigo and Adelaide Bank.


Why choose Alpha?

Alpha is a great home loan as it can help reduce your interest by depositing money into your 100% offset account. You can also make additional repayments whenever you can without any extra costs being charged. Choose from fixed rate, variable rate or a mix of both. 

How does it work? 

For example, you can put your salary into your offset account and pay for expenses on a personal (non-Alpha), credit card. Using funds in your offset facility to pay the full balance owing on the card on or before the due payment date, you are effectively using the card’s interest free period to keep funds in the offset account for longer, maximising your interest rate reductions. This method does require sufficient funds to be held in the offset facility.

Offset Facility Option

Alpha 100% offset*

The Alpha offset facility is a fully transactional account that helps you save on interest. Every cent you have in this account helps reduce the interest on your home loan. It’s the ideal account to have your salary paid into to make sure all your money is working to pay off your loan sooner.

  • Fully transactional including ATM, eftpos, Bank@Post, BPAY® and AnyPay.
  • 100% offset available on fixed rates (monthly fee for offset facility applies)
  • Refix at no cost at end of fixed term (Alpha fixed rates at the time of re-fixing will apply).
  • Extra repayments welcome on variable and fixed.
  • Available for both construction and bridging finance loans.

*An offset facility is available with any Alpha Home Loan (including fixed rate loans). The offset facility is a sub-account linked to your nominated loan account. The offset facility forms part of your loan account. The offset facility balance may not exceed the loan account balance.

AFG Home Loans Alpha can debit the offset facility with any amounts lent to you or due under your mortgage. Please note that having an offset facility does not automatically give you a right to redraw from that offset facility. If you have a redraw facility on your home loan and have made payments into your offset facility above your minimum repayment, you may withdraw those extra payments if:

  • You have no arrears or defaulted under your loan agreement;
  • The redraw facility has not been suspended or cancelled; and
  • No other redraw restrictions apply to your loan contract.

Limitations on withdrawals may apply in certain circumstances.


Our bridging solution is fully featured and user-friendly

It’s never been easier to buy or build a new home before selling your existing property.

Bridging loan

What makes a bridging solution great?

  • Loans at our advertised rates (no rate loading)
  • A 100% offset facility that can help save on interest while paying down your loan quicker.
  • Loan servicing capability based on the (end) debt you have once your home is sold (for loan to valuation ratios less than 80% only).
  • No repayments required while your existing home is for sale (the bridging period) as interest is capitalised.
  • Available for owner occupiers and investors.
  • Real valuation values used without buffering for risk.
  • Second mortgage options available on property to be sold (refer to your broker).

A bridging solution is great for owner occupiers and investors. 

Why choose AFG Home Loans?

Nimble but safe

In the scheme of things, we’re a small player. With this comes agility and the ability to stay ahead. But we’re also backed by some of the biggest players in the market – so you know you’re in safe hands.


Who is AFG Home Loans?

AFG Home Loans has been around for over a quarter of a century, and are funded by some well-known Australian companies including, Adelaide Bank and Pepper Money.


Get in touch with your local broker

We offer our loans exclusively through experienced AFG brokers via our broker network, making sure you receive a loan that meets your individual needs.

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AFG Home Loans Alpha™ products are provided by Bendigo and Adelaide Bank Limited ACN 068 049 178 (BABL) Australian Financial Services Licence 237898 and Australian Credit Licence 237879 and promoted by AFG Home Loans. The AFG Home Loans Alpha™ information on this website was prepared and issued by BABL.

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The classic home loan with modern features.


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Tailored loans to support diverse needs.


A versatile home loan with no ongoing fees.


Simple competitive home loans with all the essentials.


Tailor your finance with a versatile range of loan options.


A finance solution for those who may not meet standard criteria.