BASIC HOME LOAN
A home loan with a competitive variable interest rate and no monthly fees. Suitable for customers who don't require the benefits of an offset account.
Category: Home Loans Last Updated April 27, 2022 Effective May 8, 2022
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate
2.01% PA
Comparison Rate
2.03%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..
Basic Home Loan >75% <=90%
Minimum: $100000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 2.31%, Comparison Rate 2.33%
- Repayment Type: Principal And Interest
- Loan Purpose: Owner Occupied
Basic Home Loan <=75%
Minimum: $100000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 2.21%, Comparison Rate 2.23%
- Repayment Type: Principal And Interest
- Loan Purpose: Investment
Basic Home Loan >75% <=90%
Minimum: $100000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 2.41%, Comparison Rate 2.43%
- Repayment Type: Principal And Interest
- Loan Purpose: Investment
Basic Home Loan <=75%
Minimum: $100000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 2.41%, Comparison Rate 2.43%
- Repayment Type: Interest Only
- Loan Purpose: Investment
Basic Home Loan >75% <=90%
Minimum: $100000.00 Maximum: $
- Lending Rate Type: Variable
- Interest Rate: 2.61%, Comparison Rate 2.63%
- Repayment Type: Interest Only
- Loan Purpose: Investment
Product Features
Product Eligibility
- Natural Person Additional Information: Available for personal use only.
Bank Fees and Charges
- Establishment Fee - Basic Home Loan (Upfront), Amount: 300.00. Additional Information: To cover our costs associated with establishing your loan
- Principal Increase Fee (Event), Amount: 300.00. Additional Information: Payable when we process your request to increase the principal amount of your loan
- Progress Payment Fee (Event), Amount: 450.00. Additional Information: Payable on the first drawdown after settlement to cover the administration costs of progress payments for your construction or home renovation.
- Basic Variation Fee (Event), Amount: 150.00. Additional Information: Payable when we process your request to change or restructure your repayment
- Complex Variation Fee (Event), Amount: 300.00. Additional Information: Payable when we process your request that varaies your product, security, interest rate or repayment type, unless switching to Principal & Interest payments.
- Redraw Fee (Event), Amount: 20.00. Additional Information: Payable when we manually process your request (eg: in Branch) to redraw available advance funds from your loan account. Excluse online redraws.
- Default Administration Fee (Event), Amount: 40.00. Additional Information: Payable if there is an event of default under the terms of your loan
- Rtgs ''same Day'' Payment (Transaction), Amount: 20.00. Additional Information: Payable when you request a high value, time critical payment from your account to another financial instituation on a real time basis for "same day" payment
- Mortgage Release Fee (Event), Amount: 350.00.
