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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%*)

  Your Way Plus Fixed Essential Worker Home Loan

Get flexibility for your home loan PLUS take advantage of our package benefits with special low rates and much more. Lock in a rate for upto 5 years.
Category: Home Loans  Last Updated July 21, 2022  Effective August 3, 2022

 General Lending Rates

Rates listed below are for a FIXED Owner Occupied P&I product. Additional Information Fixed rate for 1 year. Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. 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
4.49% PA
Comparison Rate
3.9%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..
  Fixed LVR >60% to 80%
Minimum: 60.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.49%, Comparison Rate 3.99%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR >80% to 90%
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.49%, Comparison Rate 4.17%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR up to 60%
Minimum: 0.1 PERCENT Maximum: 60 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.89%, Comparison Rate 4.06%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR >60% to 80%
Minimum: 60.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.89%, Comparison Rate 4.14%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR >80% to 90%
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 4.89%, Comparison Rate 4.3%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR up to 60%
Minimum: 0.1 PERCENT Maximum: 60 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.29%, Comparison Rate 4.28%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR >60% to 80%
Minimum: 60.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.29%, Comparison Rate 4.35%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR >80% to 90%
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 5.29%, Comparison Rate 4.5%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR up to 60%
Minimum: 0.1 PERCENT Maximum: 60 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.99%, Comparison Rate 5.03%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR >60% to 80%
Minimum: 60.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.99%, Comparison Rate 5.09%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR >80% to 90%
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.99%, Comparison Rate 5.22%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR up to 60%
Minimum: 0.1 PERCENT Maximum: 60 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 7.49%, Comparison Rate 5.52%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR >60% to 80%
Minimum: 60.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 7.49%, Comparison Rate 5.58%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Fixed LVR >80% to 90%
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 7.49%, Comparison Rate 5.7%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied

 Product Features

  • Redraw Additional Information: Redraw available
  • Other Additional Information: Additional repayments available
  • Other Additional Information: Ability to split loan
  • Other Additional Information: Ability to switch loan
  • Other Additional Information: Ability to Top Up
  • Digital Banking Additional Information: 24/7 access via internet banking, mobile app, phone banking
  • Other Additional Information: Borrow up to 90% of the property value prior to capitalisation of Lenders Mortgage Insurance
  • Other Additional Information: Flexible repayments
  • Other Additional Information: Discounted Variable rates for life of the loan
  • Offset Additional Information: PLUS 100% offset
  • Other Additional Information: PLUS establishment, valuation and top up fees waived
  • Other Additional Information: PLUS personal loan application fees waived
  • Other Additional Information: PLUS 10% off home and contents insurance (Allianz)
  • Other Additional Information: PLUS annual fee waived for essential worker first home buyers

 Product Eligibility

  • Other Additional Information: You must be a member. Membership is open to current or retired employees of the Australian education sector or family members of members (i.e. shareholders) of the Bank.
  • Residency Status - Individuals Must Be Citizens Of Permanent Residents Of Australia..
  • Natural Person
  • Min Age - 18.
  • Other Additional Information: All applications for credit are subject to responsible lending criteria. Fees and charges apply. You can find our Consumer Lending terms and conditions online or from any of our offices.
  • Other Additional Information: Borrower must have satisfied Your Way Plus Home Loan Package eligibility.
  • Other Additional Information: Individuals must be an Essential Worker. You can find Essential Workers criteria on the Product Overview page.

 Bank Fees and Charges

  • Statements-replacement And Additional Statements (Event), Amount: 7.00. Additional Information: Replacement and additional statements
  • Statements-transactional Listings For Current Month (Event), Amount: 7.00. Additional Information: Transactional listings for current month (on request or sent more frequently than monthly)
  • Document Copies (Event), Amount: 50.00. Additional Information: $25 per copy or $50 per hour (minimum charge $25). Copy of cheque or deposit, recently presented cheque and/or deposit and any copy of any other document/archival search.
  • Production Of Certificate Of Title (Variable), Amount: Not Listed.. Additional Information: Payable when you require us to produce a certificate of title (includes consent). At cost in other states.
  • Mortgage Discharge (Variable), Amount: Not Listed.. Additional Information: For preparation of discharge documentation on your written request. $75 in NSW and at cost in other states. At Cost.
  • Variation Of Security Fee (Event), Amount: 120.00. Additional Information: Payable for preparing and lodging a change of name on a certificate of title, swapping a security, lodging notice of death, plan of subdivision etc. (this doesn't include lodgement fees charged by the Government).
  • Additional Security Fee (Event), Amount: 120.00. Additional Information: Fee applies for each additional security taken.
  • Account Functions (Event), Amount: 50.00. Additional Information: $50 per hour (minimum charge $25). Additional accounting services on your account at your request.
  • Member Trace Fee (Event), Amount: 20.00. Additional Information: Payable by debit to your account, each time we undertake a search to locate you following a payment default if you changed your address without notifying us.
  • Arrears Administration Fee (Event), Amount: 10.00. Additional Information: Payable each time staff action a loan account, RediCredit or Credit Card account in arrears.
  • Default Notice Fee (Event), Amount: 25.00. Additional Information: Payable when we send you a default notice asking you to remedy a default under your credit contract.
  • Paper Statement Fee (Periodic), Amount: 1.50. Additional Information: This fee applies when you have elected to receive a paper statement by post in addition to a statement available to view and download in internet banking. It is in addition to fees for replacement and additional statements. For credit cards, this fee is debited to credit card account on the 7th day of the month after the end of a statement period. For all other accounts, this fee is debited to transaction, savings or loan account in that order on the 15th day of the month after the end of a statement period. Exceptions apply. For more information please refer to our Fees and Charges brochure.
  • Switch Fee (Event), Amount: 120.00. Additional Information: Payable when you convert to another loan product other than at the end of any fixed rate or interest only period.
  • Legal Fees (Variable), Amount: Not Listed.. Additional Information: For third party professional services used in the preparation of non-standard documents. At Cost.
  • Lenders Mortgage Insurance (Variable), Amount: Not Listed.. Additional Information: If you have less than the required deposit, we may ask you to pay Lender's Mortgage Insurance (LMI). LMI protects the bank in cases of default. The LMI premium is not a bank fee. At Cost.
  • Registration Fee (Variable), Amount: Not Listed.. Additional Information: A government charge, payable if and when there is a need to register, transfer or discharge an interest on the Certificate of Title. At Cost.
  • Title Search (Variable), Amount: Not Listed.. Additional Information: Fee applies for additional title searches that may be required in addition to those already included in the Establishment fee and Top up fee. At Cost.
  • Collection Charges (Variable), Amount: Not Listed.. Additional Information: Payable when we request an agent to assist our efforts to address defaults under your contract before we can commence legal action. At Cost.
  • Stamp Duty (Variable), Amount: Not Listed.. Additional Information: A government charge payable to State revenue office when we need to stamp your mortgage to accommodate credit provided under this contract at the amount payable under the relevant stamp duty scale. At Cost.
  • Break Fee (home Loan) (Variable), Amount: Not Listed.. Additional Information: Payable on early repayment i.e. during the fixed rate period if you repay the loan in full, you repay part of the loan (except where additional payment threshold applies), you switch from this loan type to another loan type. At Cost.
  • Fixed Rate Lock Fee (Variable), Amount: Not Listed.. Additional Information: Payable if you choose to lock in an interest rate on your fixed rate loan. The interest rate is locked in for a period of up to 90 days from the date of application. The fee is applicable regardless of whether the interest rate at time of settlement has increased or decreased since the date of application. 0.15% of the total amount financed.
  • Package Fee-home Loans (Upfront), Amount: 300.00. Additional Information: Applicable for New loans after 1 August 2019. The package fee for your home loan will be debited from the nominated Everyday Direct account when your home loan is first approved and then on every anniversary thereafter until the end of your home loan.

 Limitations & Restrictions (Constraints)

  • Min Limit of 150000.00

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