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Basic Investment Home Loan Interest Only Fixed

A competitive investment home loan that doesn't make you pay for the features you won't use with the certainty of a fixed rate and interest only repayments
Category: Home Loans  Last Updated May 31, 2021  Effective June 4, 2021

 General Lending Rates

Rates listed below are for a FIXED INVESTMENT INTEREST_ONLY. Additional Information Investment Loan with Interest Only repayment type
Interest Rate
2.5%PA
Comparison Rate
2.82%PA*
Product rates will vary depending upon your financial position. 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.

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Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  LVR Less than 60%
  • Lending Rate Type: Fixed
  • Interest Rate: 2.8%, Comparison Rate 3.11%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 60%
  • Lending Rate Type: Fixed
  • Interest Rate: 2.35%, Comparison Rate 2.69%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 80%
Minimum: 70 PERCENT Maximum: 79 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 2.6%, Comparison Rate 2.87%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 60%
  • Lending Rate Type: Fixed
  • Interest Rate: 2.35%, Comparison Rate 2.72%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 70%
Minimum: 60 PERCENT Maximum: 69 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 2.4%, Comparison Rate 2.74%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 70%
Minimum: 60 PERCENT Maximum: 69 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 2.9%, Comparison Rate 2.88%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 60%
  • Lending Rate Type: Fixed
  • Interest Rate: 2.4%, Comparison Rate 2.76%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 80%
Minimum: 70 PERCENT Maximum: 79 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 2.7%, Comparison Rate 2.92%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 80%
Minimum: 70 PERCENT Maximum: 79 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 2.6%, Comparison Rate 2.89%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 80%
Minimum: 70 PERCENT Maximum: 79 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 3%, Comparison Rate 2.98%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 70%
Minimum: 60 PERCENT Maximum: 69 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 2.4%, Comparison Rate 2.77%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment

 Product Features

  • Digital Banking Additional Information: You can self-serve your day-to-day banking needs via Bank Australia's App, Internet Banking or Phone Banking.
  • Other Additional 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

  • Business - Non-individual Borrowers. Additional 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.
  • Residency Status - Au. Additional Information: Australian citizen or permanent resident of Australia
  • Natural Person - Individuals Only. Additional Information: Not available for non-personal borrowers.
  • Other Additional Information: Applications for loans are subject to the Bank's lending criteria.

 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.
  • 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.
  • 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 your individual loan. More information is found in the loan fees and charges document.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.

Related Home Loans

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Interest*
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Comparison*
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Related Variable Home Loans
Interest*
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Comparison*
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