Bendigo Bank
Bendigo Bank discharge formand how to use it
One form. Allow at least 15 business days.
To discharge a Bendigo Bank mortgage you complete the Mortgage Discharge form and send it to Bendigo digitally, per the form's instructions, or at your nearest branch. Bendigo Bank asks for at least 15 business days before settlement. There is usually a discharge fee, set in your loan contract rather than published.
Get the Bendigo Bank discharge formGet the formPDFOpens Bendigo Bank's own site. Checked 11 October 2026.
- Form
- Mortgage Discharge form
- Lender asks for
- at least 15 business days
- Discharge team
- 1300 236 344
- Last checked
- 11 October 2026
What a discharge authority actually does
When you took the loan out, Bendigo Bank registered a mortgage over your property. That registration stays until you tell them to remove it. The discharge authority is how you tell them.
You need one in three situations: you’re selling, you’re moving the loan to another lender, or you’ve paid the loan off and want the mortgage lifted. It’s the same form each time — you just tick a different reason.
How to do it
- Get the Mortgage Discharge form — the PDF on their own site. Always use the lender’s copy. Broker and form-filling sites host old versions, and an out-of-date form gets rejected, which costs you the whole processing window.
- Fill in your loan account number, the property address, and the reason you’re discharging.
- Have every borrower and guarantor sign it. Most lenders still want a real signature rather than a typed one.
- Send it to Bendigo digitally, per the form's instructions, or at your nearest branch.
- Tell your conveyancer it’s lodged, and give them the date you sent it. They’ll chase the payout figure and book settlement.
Pick the settlement date from your contract or your conveyancer.
Bendigo Bank asks for 15 business days. Weekends are skipped; public holidays in your state are not, so take a day off the date for each one.
Bendigo says the request itself is processed in 2 to 7 business days but asks for up to 15 business days' notice before any discharge settlement. Adelaide Bank is the same group and its website now redirects here.
Selling or refinancing — they aren’t the same
Most pages treat these as one process. They aren’t, and the difference decides who does the chasing.
If you’re selling
- The loan is paid out of the sale proceeds on settlement day
- Your conveyancer runs it
- Lodge the form once the contract is unconditional
- Hand your conveyancer the date you sent it
If you’re refinancing
- Two lenders have to settle on the same day
- Your new lender drives it
- Nothing can be booked until Bendigo Bank has processed this form
- Lodge it as soon as your new loan is formally approved, not after
What it costs
Bendigo Bank doesn’t publish a standard discharge fee, and nor do most other lenders. It’s set in your loan contract, so check your letter of offer or the fees and charges booklet from settlement. It comes out of the payout figure rather than arriving as a separate bill.
Two other costs catch people out. The state land titles office charges a registration fee, which your conveyancer passes on. And if you’re still inside a fixed term, break costs are separate from the discharge fee and can run into thousands. Ask for both figures before you commit to a settlement date.
Breaking a fixed rate first
If any part of the loan is still fixed, this is step zero. Bendigo Bank calls it “Break Cost Fee”, and it can be larger than every other cost on this page put together.
The figure is not published anywhere, because it depends on the day: it is roughly what Bendigo Bank loses by re-lending your fixed money at today’s wholesale rate for the rest of your fixed term. If rates have gone up since you fixed, it can be zero. If they have come down, it can be thousands. To get the number: ask at any branch or call 1300 236 344 for an estimate. Prepayments over 20% of the fixed amount attract a separate Prepayment Fee.
In Bendigo Bank’s words: “Please contact us at any of our branches or by telephoning 1300 236 344 for assistance and to obtain an estimate of the Break Costs Fee or Prepayment Fee before doing so.” Get the quote in writing before you sign anything with the new lender, and get it again the week of settlement, because it moves with the market.
Getting the payout figure
The number your conveyancer or new lender needs to book settlement: the balance, plus interest to the day, plus the fees.
Call 1300 236 344 or your branch. For a discharge, Bendigo issues an indicative payout figure once it has your signed discharge authority. Bendigo Bank doesn't publish a turnaround. No fee for the letter is published. In Bendigo Bank’s words: “An indicative payout figure will be provided once you have completed and returned a signed discharge authority form.”
A payout figure is only good for the date on it. Interest accrues daily, so a figure for the 12th is wrong on the 15th, and if settlement slips your conveyancer will ask for a fresh one. Ask for it once the settlement date is booked, not before.
Common questions
How long does a Bendigo Bank discharge take?
Bendigo Bank asks for at least 15 business days from when they get your signed form to settlement day. In practice most people allow three weeks, because the form is only the first step — your new lender and both conveyancers still have to book the settlement.
Does Bendigo Bank charge a discharge fee?
Usually yes, but Bendigo Bank doesn't publish a standard amount. It's set in your loan contract, so check your letter of offer or the fees and charges booklet you were given at settlement. Expect it to be deducted from the payout figure rather than billed separately. If you took the loan out with a fixed rate that hasn't ended, break costs are separate and can be much larger.
What is a Bendigo Bank discharge authority?
It's the form that tells Bendigo Bank to release its mortgage over your property. You need one whether you're selling, refinancing to another lender, or paying the loan off entirely. Bendigo Bank calls theirs the Mortgage Discharge form.
Should I discharge my Bendigo Bank mortgage after paying it off?
Yes, and it doesn't happen on its own. Paying the balance to zero closes the loan account; it does not remove Bendigo Bank's mortgage from your title. Until you lodge the Mortgage Discharge form and the discharge is registered with the land titles office, the property still shows Bendigo Bank as mortgagee, which you will discover the day you try to sell, refinance or borrow against it. Do it while the paperwork is fresh.
What happens if I don't discharge my Bendigo Bank mortgage?
Nothing, until you need the title clean. The mortgage stays registered against the property with a zero balance behind it. A sale or a new loan then has to wait for Bendigo Bank to process the discharge, which takes at least 15 business days, and settlement can't be booked until it's done. Some lenders also keep charging a package or account fee on a loan that is paid out but not closed.
How do I get the Bendigo Bank discharge form?
Bendigo says the request itself is processed in 2 to 7 business days but asks for up to 15 business days' notice before any discharge settlement. Adelaide Bank is the same group and its website now redirects here. Once it's filled in and signed, send it to Bendigo digitally, per the form's instructions, or at your nearest branch.
How much does Bendigo Bank charge to break a fixed rate?
There is no set figure. Bendigo Bank calls it "Break Cost Fee", and it is worked out on the day from the difference between your fixed rate and the wholesale rate for the rest of your term, so it can be zero or thousands. ask at any branch or call 1300 236 344 for an estimate. Prepayments over 20% of the fixed amount attract a separate Prepayment Fee. In Bendigo Bank's words: "Please contact us at any of our branches or by telephoning 1300 236 344 for assistance and to obtain an estimate of the Break Costs Fee or Prepayment Fee before doing so."
How do I get a payout figure from Bendigo Bank?
Call 1300 236 344 or your branch. For a discharge, Bendigo issues an indicative payout figure once it has your signed discharge authority. It is only accurate for the date on it, because interest accrues daily, so ask for it once the settlement date is booked. In Bendigo Bank's words: "An indicative payout figure will be provided once you have completed and returned a signed discharge authority form."
Checked against Bendigo Bank’s own discharge page on 11 October 2026. Lenders change forms, addresses and timeframes without much warning — if something here doesn’t match what they’ve told you, theirs is right and we’d like to know.
Before you discharge, check the new rate is worth it
Discharge fees, break costs and registration fees all come off the saving. Is it worth refinancing? does the sum for the balances people ask about, and the rate monitor shows where your rate sits against every lender on the panel.
Opens the chat with your question filled in. Nothing is sent until you press send.