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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%*)

  Basic Investment Loan Fixed IO

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 July 11, 2022  Effective May 31, 2022

 General Lending Rates

Rates listed below are for a FIXED INVESTMENT Interest Only product. Additional Information Investment Loan with Interest Only repayment type
Interest Rate
5.35% PA
Comparison Rate
3.11%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..
  LVR Less than 70%
Minimum: 60 PERCENT Maximum: 69 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.45%, Comparison Rate 3.21%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 80%
Minimum: 70 PERCENT Maximum: 79 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.55%, Comparison Rate 3.32%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 60%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.95%, Comparison Rate 3.43%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 70%
Minimum: 60 PERCENT Maximum: 69 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.05%, Comparison Rate 3.53%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 80%
Minimum: 70 PERCENT Maximum: 79 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.15%, Comparison Rate 3.63%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 60%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.35%, Comparison Rate 3.78%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 70%
Minimum: 60 PERCENT Maximum: 69 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.45%, Comparison Rate 3.89%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 80%
Minimum: 70 PERCENT Maximum: 79 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.55%, Comparison Rate 3.99%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 60%
  • Lending Rate Type: Fixed
  • Interest Rate: 6.75%, Comparison Rate 4.47%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR Less than 70%
Minimum: 60 PERCENT Maximum: 69 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.85%, Comparison Rate 4.58%
  • 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

  • Natural Person - Individuals Only. Additional Information: Not available for non-personal borrowers.
  • 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
  • Other Additional Information: Applications for loans are subject to the Bank's lending criteria.
  • Business - Non-individual Borrowers. Additional Information: Includes Non-trading Companies and/or Family/Unit/Hybrid Trusts

 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 your individual 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 Fee (Event), Amount: Not Listed.. Additional Information: Payable only if you request to lock in your fixed rate interest rates 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. 0.1% of approved loan amount, minimum $50

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