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Home Loan Variable: 5.94% (5.95%*) • Home Loan Fixed: 5.79% (6.39%*) • Fixed: 5.79% (6.39%*) • Variable: 5.94% (5.95%*) • Investment IO: 6.19% (6.85%*) • Investment PI: 5.99% (6.61%*)

  BASIC HOME LOAN

A home loan with a competitive variable interest rate and no monthly fees. Suitable for customers who don't require the benefits of an offset account.
Category: Home Loans  Last Updated June 19, 2024  Effective July 5, 2024

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate
5.99% PA
Comparison Rate
6.02%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  Basic Home Loan 60.01% - 70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 5.99%, Comparison Rate 6.02%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic Home Loan 70.01% - 80%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.19%, Comparison Rate 6.22%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic Home Loan 80.01% to 90%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.39%, Comparison Rate 6.43%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Basic Home Loan up to 60%
Minimum: 1 PERCENT Maximum: 60 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.34%, Comparison Rate 6.38%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic Home Loan 60.01% -70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.39%, Comparison Rate 6.43%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic Home Loan 70.01% to 80%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.44%, Comparison Rate 6.48%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic Home Loan 80.01% to 90%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.64%, Comparison Rate 6.68%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Basic Home Loan up to 60%
Minimum: 1 PERCENT Maximum: 60 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.34%, Comparison Rate 6.38%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic Home Loan 60.01% - 70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.39%, Comparison Rate 6.43%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic Home Loan 70.01% - 80%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.44%, Comparison Rate 6.48%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Basic Home Loan 80.01% to 90%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.64%, Comparison Rate 6.68%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment

 Product Features

  • Redraw
  • Bill Payment
  • Npp Enabled
  • Npp Payid

 Product Eligibility

  • Min Age - 18.
  • Max Age - 75.
  • Natural Person Additional Information: Available for personal use only.

 Bank Fees and Charges

  • Establishment Fee - Basic Home Loan (Upfront), Amount: 300.00. Additional Information: To cover our costs associated with establishing your loan
  • Principal Increase Fee (Event), Amount: 300.00. Additional Information: Payable when we process your request to increase the principal amount of your loan
  • Progress Payment Fee (Event), Amount: 450.00. Additional Information: Payable on the first drawdown after settlement to cover the administration costs of progress payments for your construction or home renovation.
  • Basic Variation Fee (Event), Amount: 150.00. Additional Information: Payable when we process your request to change or restructure your repayment
  • Complex Variation Fee (Event), Amount: 300.00. Additional Information: Payable when we process your request that varaies your product, security, interest rate or repayment type, unless switching to Principal & Interest payments.
  • Redraw Fee (Event), Amount: 20.00. Additional Information: Payable when we manually process your request (eg: in Branch) to redraw available advance funds from your loan account. Excluse online redraws.
  • Default Administration Fee (Event), Amount: 40.00. Additional Information: Payable if there is an event of default under the terms of your loan
  • Rtgs ''same Day'' Payment (Transaction), Amount: 20.00. Additional Information: Payable when you request a high value, time critical payment from your account to another financial instituation on a real time basis for "same day" payment
  • Mortgage Release Fee (Event), Amount: 400.00.
  • Settlement Fee (Upfront), Amount: 100.00. Additional Information: Payable when we process the settlement of your loan.

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