Basic Variable Home Loan - Owner-occupied (Principal and Interest)
A basic variable home loan for owner occupiers that includes redraw, a competitive rate and other flexible features to help you pay your loan off sooner.
Category: Home Loans Last Updated November 17, 2023 Effective May 3, 2024
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information The comparison rate is calculated on a loan amount of $150,000 over a loan term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Interest Rate 5.94% PA
Comparison Rate 5.99%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 Features
Digital Banking
RedrawAdditional Information: Redraw fees apply
OtherAdditional Information: No penalty for extra repayments
Product Eligibility
Min Age - 18. Additional Information: 18 years
Natural Person
Residency Status - Australian Citizen Or Premanent Residency Only.
Bank Fees and Charges
Home Loan Application Fee (Upfront), Amount: 600.00. Additional Information: First application includes the cost of the first standard valuation and legal fees of one security only (and includes 2 splits)
Loan Variation Fee (Event), Amount: 250.00. Additional Information: Includes loan split requests, additional splits, loan top up on existing loan, substitution of security, loan re-fix fee and loan switches (loan switching to a different loan type)
Construction Loan Application Fee (Upfront), Amount: 1500.00. Additional Information: Includes application fee, inspection fees and draw-down fees throughout construction period. Legal fees are paid in addition to this and are at cost.
Special Attendance Fee (Event), Amount: 0.00. Additional Information: Charged at cost
Copy Of Statement (already Issued) (Event), Amount: 1.50. Additional Information: Charged per page. For statements issued prior to January 1997 the fee is $3 per page.
Search Fees (Event), Amount: 0.00. Additional Information: Charged at cost
Lenders Mortgage Insurance (lmi) (Upfront), Amount: 0.00. Additional Information: The amount of this fee will be available on application, as it is dependent on the loan to valuation ratio of each loan.
Special Attendance Fee - Mortgage Discharge (Event), Amount: 696.00.
Limitations & Restrictions (Constraints)
Min Balance of 50000.00 Additional Information: Minimum loan amount applies at time of application
