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Example Interest Rates: Home Loan Variable: 2.54% (2.74%*) • Home Loan Fixed: 3.74% (3.8%*) • Fixed: 2.48% (2.94%*) • Variable: 2.54% (2.74%*) • Investment IO: 2.3% (3.76%*) • Investment PI: 2.04% (3.8%*)

  First Home Buyer Loan - Owner Occupied

Our first home buyer loan makes it easy to achieve your first home ownership dreams.
Category: Home Loans  Last Updated July 11, 2022  Effective August 3, 2022

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate
4% PA
Comparison Rate
NAPA*
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..
  OWNER_OCCUPIED, VARIABLE, 4%
  • Lending Rate Type: Variable
  • Interest Rate: 4%, Comparison Rate N/A%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied

 Product Features

  • Offset Additional Information: A Mortgage Offset Account can be linked to a First Home Buyer Loan. The money you put in your linked Mortgage Offset Account reduces the balance on which the interest is charged on your home loan.
  • Redraw Additional Information: Your loan comes with a repayment redraw facility. This gives you access to additional repayments if you re at least one full repayment ahead, you can redraw $100 or more. It s simple to redraw using our App or Online Banking.
  • Npp Payid Additional Information: Get faster payments between participating banks, anytime with Pay ID
  • Npp Enabled
  • Other Additional Information: 40 years
  • Other Additional Information: You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval.
  • Other Additional Information: Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate.
  • Other Additional Information: Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.
  • Other Additional Information: Lenders Mortgage Insurance will be required if you borrow over 80% of the value of your home (or borrow an additional amount on your existing mortgage that brings the overall loan amount over 80% LVR). LMI is a one-off cost added to the total loan amount and is not a bank fee or an establishment fee.
  • Other Additional Information: Flexible repayment options weekly, fortnightly or monthly
  • Other Additional Information: You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions
  • Other Additional Information: A guarantor supports the loan by providing us with an additional security such as their home. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to secure the full amount of the loan they require.
  • Other Additional Information: This loan can be used for the purposes of owner occupied property or vacant land (non-commercial), off the plan purchases and building/construction purposes.

 Product Eligibility

  • Natural Person - Individual.
  • Min Age - 18. Additional Information: Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older
  • Employment Status - Employed.
  • Residency Status - Permanent Resident. Additional Information: You must be an Australian citizen or permanent resident to apply
  • Other - Credit Approval. Additional Information: Applications for credit are subject to the Bank s eligibility and suitability criteria and normal credit approval process.

 Bank Fees and Charges

  • Loan Switch Fee (Event), Amount: 200.00. Additional Information: A fee charged to switch your loan account from one type to another
  • Valuation Fee (Variable), Amount: 0.00. Additional Information: A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased
  • Mortgage Preparation Fees (Variable), Amount: 0.00. Additional Information: A fee charged for legal services including preparation of legal documents and attending settlement
  • Title Search Fee (Upfront), Amount: 20.00. Additional Information: A third party cost for a Title Search to determine any interests in a property
  • Registration Fees (Variable), Amount: 0.00. Additional Information: A third party cost for registration of mortgage
  • Stamp Duty (mortgage) (Variable), Amount: 0.00. Additional Information: The tax charged on written documents and certain transactions imposed by the state government, such as mortgages and property transfers
  • Pexa Service Fee (Upfront), Amount: 57.20. Additional Information: A fee charged to cover third party costs associated with the establishment of your mortgage
  • Lenders Mortgage Insurance (Variable), Amount: 0.00. Additional Information: Third party cost for insurance that protects the lender in the event that the borrower defaults on their home or investment loan
  • Mortgage Administration Fee (Event), Amount: 150.00. Additional Information: A fee charged if we are asked by you or your legal representative to make any of our loan documents available to you during the life of the loan
  • Consent Fee (Event), Amount: 300.00. Additional Information: A fee charged for consent to a subsequent mortgage in favour of an another lender where we hold the prior mortgage
  • Mortgage Discharge Fee (Exit), Amount: 300.00. Additional Information: A fee charged if you repay your loan and request us to discharge your mortgage, includes our costs and is in addition to any costs incurred by us from external parties
  • Mortgage Discharge - Registration Fee (Exit), Amount: 146.40. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage
  • Mortgage Discharge - Pexa Service Fee (Exit), Amount: 42.24. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage
  • Variation Of Security (Event), Amount: 200.00. Additional Information: A fee charged for the variation of security or other loan details, requiring us to issue new documents or re-assess your loan in any way
  • Mortgage Redraw Fee (Transaction), Amount: 30.00. Additional Information: A fee charged to access the redraw facility on your home loan
  • Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount
  • Default Notice Fee (Event), Amount: 50.00. Additional Information: A fee charged if you default on your repayments and we issue a default notice

 Limitations & Restrictions (Constraints)

  • Opening Balance of 100000.00
  • Max Balance of 5000000.00

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