Our first home buyer loan makes it easy to achieve your first home ownership dreams.
Category: Home Loans Last Updated October 15, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED Owner Occupied P&I product. Additional Information Comparison rate based on $150,000 loan over 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 5.39% PA
Comparison Rate 6.67%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, VARIABLE, 10.00%
Lending Rate Type: Variable
Interest Rate: 10.00%, Comparison Rate 0.00%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Product Features
OffsetAdditional Information: A Mortgage Offset Account can be linked to a First Home Buyer Loan. The money you put in your linked Mortgage Offset Account reduces the balance on which the interest is charged on your home loan.
RedrawAdditional Information: Your loan comes with a repayment redraw facility. This gives you access to additional repayments if you re at least one full repayment ahead, you can redraw $100 or more. It s simple to redraw using our App or Online Banking.
Npp PayidAdditional Information: Get faster payments between participating banks, anytime with Pay ID
Npp Enabled
OtherAdditional Information: 40 years
OtherAdditional Information: You can increase your loan amount throughout the life of the loan, subject to equity held in your property and our approval.
OtherAdditional Information: Switching is a change to one or more aspects of your loan's terms and conditions, for example switching from a variable rate to a fixed rate.
OtherAdditional Information: Splitting is when you divide one loan into two or more loan accounts, generally with different loan types, repayment types or interest rates.
OtherAdditional Information: Lenders Mortgage Insurance will be required if you borrow over 80% of the value of your home (or borrow an additional amount on your existing mortgage that brings the overall loan amount over 80% LVR). LMI is a one-off cost added to the total loan amount and is not a bank fee or an establishment fee.
OtherAdditional Information: Flexible repayment options weekly, fortnightly or monthly
OtherAdditional Information: You can make extra repayments or repay your loan in full at any time. Extra repayments may enable you to redraw funds, subject to conditions
OtherAdditional Information: A guarantor supports the loan by providing us with an additional security such as their home. By providing a guarantee, we may lend to the borrower in situations where they may not have been able to secure the full amount of the loan they require.
OtherAdditional Information: This loan can be used for the purposes of owner occupied property or vacant land (non-commercial), off the plan purchases and building/construction purposes.
Product Eligibility
Natural Person
Min Age - 18. Additional Information: Individuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older
Employment Status - Employed.
Residency Status - Permanent Resident. Additional Information: You must be an Australian citizen or permanent resident to apply
OtherAdditional Information: Applications for credit are subject to the Bank s eligibility and suitability criteria and normal credit approval process.
Bank Fees and Charges
Loan Switch Fee (Event), Amount: 200.00. Additional Information: A fee charged to switch your loan account from one type to another
Valuation Fee (Variable), Amount: 0.00. Additional Information: A fee charged to cover the cost of obtaining a valuation report on your property or the property being purchased
Mortgage Preparation Fees (Variable), Amount: 0.00. Additional Information: A fee charged for legal services including preparation of legal documents and attending settlement
Title Search Fee (Event), Amount: 20.00. Additional Information: A third party cost for a Title Search to determine any interests in a property
Registration Fees (Variable), Amount: 0.00. Additional Information: A third party cost for registration of mortgage
Stamp Duty (mortgage) (Variable), Amount: 0.00. Additional Information: The tax charged on written documents and certain transactions imposed by the state government, such as mortgages and property transfers
Pexa Service Fee (Upfront), Amount: 57.20. Additional Information: A fee charged to cover third party costs associated with the establishment of your mortgage
Lenders Mortgage Insurance (Variable), Amount: 0.00. Additional Information: Third party cost for insurance that protects the lender in the event that the borrower defaults on their home or investment loan
Mortgage Administration Fee (Event), Amount: 150.00. Additional Information: A fee charged if we are asked by you or your legal representative to make any of our loan documents available to you during the life of the loan
Consent Fee (Event), Amount: 300.00. Additional Information: A fee charged for consent to a subsequent mortgage in favour of an another lender where we hold the prior mortgage
Mortgage Discharge Fee (Exit), Amount: 300.00. Additional Information: A fee charged if you repay your loan and request us to discharge your mortgage, includes our costs and is in addition to any costs incurred by us from external parties
Mortgage Discharge - Registration Fee (Exit), Amount: 146.40. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage
Mortgage Discharge - Pexa Service Fee (Exit), Amount: 42.24. Additional Information: A fee charged to cover third party costs associated with the discharge of your mortgage
Variation Of Security (Event), Amount: 200.00. Additional Information: A fee charged for the variation of security or other loan details, requiring us to issue new documents or re-assess your loan in any way
Mortgage Redraw Fee (Transaction), Amount: 30.00. Additional Information: A fee charged to access the redraw facility on your home loan
Late Payment Fee (Event), Amount: 15.00. Additional Information: A fee charged when you don't make your minimum monthly payment, plus any overdue amount
Default Notice Fee (Event), Amount: 50.00. Additional Information: A fee charged if you default on your repayments and we issue a default notice