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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 Home Loan

Our Basic Home Loan is perfect for those entering the property market, refinancing an existing home loan, or looking to invest in property. Along with a low home loan rate, you'll also get a dedicated Relationship Manager to help you get started and be there throughout the life of the loan.
Category: Home Loans  Last Updated August 2, 2022  Effective August 3, 2022

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information BASIC VARIABLE SPECIAL OFFER. Interest is per annum (p.a.). The Basic Variable Special Offer is only available for owner occupied borrowings over $100,000 with new security. No product switching is permitted. Available for a limited time only and not in conjunction with any other discount. The Comparison rate is calculated on a secured loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Interest Rate
3.84% PA
Comparison Rate
3.88%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..
  OWNER_OCCUPIED, FIXED, 5.09%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.09%, Comparison Rate 4%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.59%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.59%, Comparison Rate 4.2%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, VARIABLE, 3.84%
  • Lending Rate Type: Variable
  • Interest Rate: 3.84%, Comparison Rate 3.88%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, VARIABLE, 4.09%
  • Lending Rate Type: Variable
  • Interest Rate: 4.09%, Comparison Rate 3.9%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.89%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.89%, Comparison Rate 4.74%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, FIXED, 5.79%
  • Lending Rate Type: Fixed
  • Interest Rate: 5.79%, Comparison Rate 4.55%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, INTRODUCTORY, 3.14%
  • Lending Rate Type: Introductory
  • Interest Rate: 3.14%, Comparison Rate 3.7%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  INVESTMENT, VARIABLE, 5.24%
  • Lending Rate Type: Variable
  • Interest Rate: 5.24%, Comparison Rate 5.05%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  OWNER_OCCUPIED, VARIABLE, 4.84%
  • Lending Rate Type: Variable
  • Interest Rate: 4.84%, Comparison Rate 4.65%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, VARIABLE, 4.59%
  • Lending Rate Type: Variable
  • Interest Rate: 4.59%, Comparison Rate 4.63%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  INVESTMENT, VARIABLE, 4.99%
  • Lending Rate Type: Variable
  • Interest Rate: 4.99%, Comparison Rate 5.03%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment

 Product Features

  • Other Additional Information: No Break Costs for Early Payout.
  • Other Additional Information: No Approval, or ongoing Monthly or Annual Fees.
  • Redraw Additional Information: Minimum redraw amount is $500.
  • Other Additional Information: No monthly Access Fee on your Savings or Transaction accounts where the minimum monthly membership balance exceeds $5,000.
  • Complementary Product Discounts Additional Information: Take advantage of a lower purchase rate on the Your Choice Credit Card when you have this product.

 Product Eligibility

  • Other Additional Information: Product is available to approved borrowers only. Terms, conditions, fees, charges and normal lending criteria apply.
  • Other Additional Information: As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.
  • Residency Status - Australian Resident. Additional Information: Individuals must be citizens or permanent residents of Australia.
  • Min Age - 16. Additional Information: Borrowers must be aged 16 or older to apply. Applicants under 18 years of age, but over 16 years, may only enter into a loan contract with an adult as co-applicant or guarantor.
  • Other Additional Information: Borrowers must demonstrate at least 6 months continuing employment history at the time of application.

 Bank Fees and Charges

  • Owner Builder Loan Approval Fee (Upfront), Amount: 500.00. Additional Information: Applied on approval of your Owner Builder Facility loan, prior to the initial drawdown.
  • Registration Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a mortgage relating to a property offered as security for your loan.
  • Registration Of Transfer (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a transfer of land relating to a property held as security for your loan.
  • Temporary Overdraft Approval Fee (Event), Amount: 90.00. Additional Information: Where we allow you to draw on a temporary overdraft to assist with mortgage related costs this fee will apply.
  • Loan Restructure Fee (Upfront), Amount: 200.00. Additional Information: Applies when you switch your existing Regional Australia Bank home loan to a different loan type, other than a Partnership Advantage.
  • Late Payment Notice Fee (Event), Amount: 20.00. Additional Information: Applies when you fail to make your contracted repayments by the repayment due date.
  • Discharge Of Mortgage Preparation (Event), Amount: 250.00. Additional Information: Applies when we are required to prepare discharge of mortgage documentation relating to a property held as security for your loan.
  • Loan Top Up Fee (Event), Amount: 195.00. Additional Information: Applies on approval of an additional borrowing against a property that we hold an existing mortgage over.
  • Replacement Certificate Of Title (Variable), Amount: Not Listed.. Additional Information: Applies when you request a replacement certificate of title relating to mortgaged property that is held as security for your loan.
  • Agency Settlement/handing Fee (Variable), Amount: Not Listed.. Additional Information: Applies in the event that we require an agent to attend a settlement or handle documentation, relating to your loan.
  • Registration Of Discharge Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a discharge of mortgage relating to a property held as security for your loan.
  • Default Notice Fee (Event), Amount: 30.00. Additional Information: Applies when you fail to make your contracted repayments and we are required to issue a default notice to you.
  • Pexa Processing Fee (Variable), Amount: Not Listed.. Additional Information: Applies when we process a settlement relating to your loan through PEXA.
  • Title Search (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to perform a title search relating to a property offered, or held, as security for your loan.
  • Property Valuation Costs (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to value each property offered or held as security at the commencement of your loan, and when required throughout the life of your loan.
  • Mortgage Documentation Preparation (Variable), Amount: 250.00. Additional Information: Applies when we are required to prepare mortgage documentation relating to a property offered as security for your loan.

 Limitations & Restrictions (Constraints)

  • Min Balance of 100000.00 Additional Information:  The Basic Home Loan is only available for owner occupied or residential investment borrowings with over $100,000 of new lending.

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