Basic Variable Home Loan

 General Lending Rates

• Lending Rate Type: Discount
• Interest Rate: 0.25%, Comparison Rate 4.94%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Discount
• Interest Rate: 1.84%, Comparison Rate 3.35%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

• Lending Rate Type: Discount
• Interest Rate: 1.69%, Comparison Rate 3.5%
• Repayment Type: Principal And Interest
• Loan Purpose: Owner Occupied

 Product Features

• Digital Banking

• Redraw Additional Information: Access to extra cash if you’re ahead on your repayments.

• Other Additional Information: Choose from a range of Home and Investment Loan options: Variable Package, 1 year or 2 year Fixed Package, Standard Variable or Basic Variable Loans.

• Other Additional Information: Freedom to make unlimited extra repayments – reduce your loan term and save money

• Other Additional Information: Flexible repayment frequency - pay weekly, fortnightly or monthly.

• Other Additional Information: $0 Visa Credit Card Annual Fee - save $59.

• Other Additional Information: To help you buy your first home we offer a range of product options to suit your needs, including loans terms of up to 40 years for eligible borrowers.

• Other Additional Information: Family Guarantees can help applicants get into their home sooner by reducing the amount of deposit required

 Product Eligibility

• Natural Person - Personal Members Only.

• Residency Status - Permanent Residents Of Australia Who Reside In Australia At The Time Of Membership Application Are Eligible For Membership, Regardless Of Citizenship Status..

• Min Age - 18 Years And Over.

• Other - Terms, Conditions, Fees, Charges And Lending Criteria Apply And Are Available On Application.

 Bank Fees and Charges

• Security Handling Fee (Event), Amount: 150.00. Additional Information: Charged per occurrence. Payable in the following circumstances; deed of priority, title production, variation of priority, consent or name change.

• Portability Fee (Event), Amount: 300.00. Additional Information: Charged per occasion when you wish to change the security(ies) against an existing loan(s) and there is no change to the existing loan(s) amount, loan interest rate or type, term of the loan(s), product type, borrowers or mortgagors. Discharge fees may also apply.

• Top Up Fee (Event), Amount: 400.00. Additional Information: Payable when you request and we approve additional funds to your existing borrowings and there is no change to the security or borrowers.

• Discharge Of Mortgage (Event), Amount: 350.00. Additional Information: For the preparation of a discharge of mortgage.

• Progress Draw Fee (Event), Amount: 400.00. Additional Information: Payable per property when a loan will be drawn progressively for either construction or major renovation purposes. The fee includes the cost of all progress draws and the final inspection.

• Documentation Fee (Event), Amount: 200.00. Additional Information: Payable in the following circumstances: preparation of an additional mortgage; preparation of a guarantee; or where documents have been cancelled or redone, at your request, after contracts have been issued.

• Valuation Fee (Event), Amount: 0.00. Additional Information: Valuation Fee at cost and payable by member.

 Limitations & Restrictions (Constraints)

• Min Limit of 50,000.00 Additional Information: Minimum loan size is $50,000.00

 Document Downloads

• brc-8-6-2-fees-and-charges.pdf (149.2 KB)