Our Basic Investment Loan is anything but with low fees and feel-good features. With Interest Only repayments and the certainty of a fixed rate.
Category: Home Loans Last Updated May 2, 2024 Effective May 3, 2024
General Lending Rates
Rates listed below are for a FIXED INVESTMENT Interest Only product. Additional Information Investment Loan with Interest Only repayment type. For home loans with new lending at 'Loan to Valuation Ratio' of <60%
Interest Rate 6.39% PA
Comparison Rate 6.39%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..
1 year - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.49%, Comparison Rate 6.40%
Repayment Type: Interest Only
Loan Purpose: Investment
1 year - LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.49%, Comparison Rate 6.40%
Repayment Type: Interest Only
Loan Purpose: Investment
2 years - LVR 60% or less
Lending Rate Type: Fixed
Interest Rate: 6.39%, Comparison Rate 6.39%
Repayment Type: Interest Only
Loan Purpose: Investment
2 years - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.39%, Comparison Rate 6.39%
Repayment Type: Interest Only
Loan Purpose: Investment
2 years - LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.39%, Comparison Rate 6.39%
Repayment Type: Interest Only
Loan Purpose: Investment
3 years - LVR 60% or less
Lending Rate Type: Fixed
Interest Rate: 6.39%, Comparison Rate 6.40%
Repayment Type: Interest Only
Loan Purpose: Investment
3 years - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.39%, Comparison Rate 6.40%
Repayment Type: Interest Only
Loan Purpose: Investment
3 years - LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.39%, Comparison Rate 6.40%
Repayment Type: Interest Only
Loan Purpose: Investment
5 years - LVR 60% or less
Lending Rate Type: Fixed
Interest Rate: 6.74%, Comparison Rate 6.55%
Repayment Type: Interest Only
Loan Purpose: Investment
5 years - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.74%, Comparison Rate 6.55%
Repayment Type: Interest Only
Loan Purpose: Investment
Product Features
Digital BankingAdditional Information: You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.
OtherAdditional Information: We protect an equivalent amount of land on the Bank Australia Conservation Reserve as is being constructed to help offset the environmental impact of land clearing
Product Eligibility
BusinessAdditional Information: Includes Non-trading Companies and/or Family/Unit/Hybrid Trusts
Min Age - 18. Additional Information: Individuals (natural persons) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.
Natural PersonAdditional Information: Not available for non-personal borrowers.
OtherAdditional Information: Applications for loans are subject to the Bank's lending criteria.
Residency Status - Au. Additional Information: Australian citizen or permanent resident of Australia
Bank Fees and Charges
Additional Valuation (Event), Amount: 150.00. Additional Information: The establishment fee covers a standard loan, which includes one valuation. This fee applies for any additional standard residential valuation required.
Break Fee (Event), Amount: 0.00. Additional Information: You may be required to pay a break fee if you pay your fixed loan off in full, make an early repayment or make certain other changes to your loan during any fixed period. The fee is calculated at the time of the event and is specifically related to yourindividual loan. More information is found in the loan fees and charges document.
Home Loan Establishment Fee - Existing Mortgage (Upfront), Amount: 295.00. Additional Information: Payable for all requests to increase a current loan or for an additional loan where Bank Australia already holds a registered mortgage.
Home Loan Establishment Fee - New Mortgage (Upfront), Amount: 595.00. Additional Information: Payable for all mortgage secured loans to cover Bank Australia administration costs including preparing security documents.
Loan Variation Fee (Event), Amount: 150.00. Additional Information: Payable when transferring from a home loan product to a different home loan product. For example, transferring a variable rate product to a fixed rate product.
Mortgage Discharge Fee (Event), Amount: 250.00. Additional Information: Payable when you request Bank Australia to arrange for the registration of discharge or Bank Australia is required to attend settlement. It covers preparation of the discharge of mortgage form. Statutory government registration fees will still apply. Additional fees may apply and should be paid direct to our agent if settlement is requested in a location other than a Bank Australia office.
Portability Fee- Existing Mortgage (Event), Amount: 150.00. Additional Information: Payable when a property securing a loan is replaced with a property that is already registered with a Bank Australia mortgage.
Portability Fee- New Mortgage (Event), Amount: 500.00. Additional Information: Payable when you request that a property securing a loan is replaced with a property that is a new security to Bank Australia.
Valuation Administration Fee (Event), Amount: 250.00. Additional Information: If you request a loan variation, Bank Australia may need to revalue your property before approving the request.
Rate Lock (Event), Amount: 0.00. Additional Information: Payable only if you request to lock in your fixed interest rate and Bank Australia accepts your application. This applies to 1, 2, 3 and 5 year Fixed Rate home loans only and is a non-refundable fee.
