Our Basic Home Loan is anything but, with a low rate, low fees and feel-good features. With the certainty of a fixed rate.
Category: Home Loans Last Updated October 30, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a FIXED Owner Occupied P&I product. Additional Information
Interest Rate 5.64% PA
Comparison Rate 6.09%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..
1 year LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.89%, Comparison Rate 6.15%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
1 year LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.89%, Comparison Rate 6.16%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
1 year LVR 90% or less
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.09%, Comparison Rate 6.41%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
1 year LVR Over 90%
Minimum: 90 PERCENT Maximum: PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.29%, Comparison Rate 6.66%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
2 years - LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.64%, Comparison Rate 6.09%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
2 years - LVR Over 90%
Minimum: 90.1 PERCENT Maximum: PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.04%, Comparison Rate 6.58%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
2 years LVR 60% or less
Lending Rate Type: Fixed
Interest Rate: 5.64%, Comparison Rate 6.08%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
2 years LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.64%, Comparison Rate 6.08%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
2 years LVR 90% or less
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.84%, Comparison Rate 6.33%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
3 years - LVR 60% or less
Lending Rate Type: Fixed
Interest Rate: 5.64%, Comparison Rate 6.04%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
3 years - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.64%, Comparison Rate 6.04%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
3 years - LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.64%, Comparison Rate 6.05%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
3 years - LVR 90% or less
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.84%, Comparison Rate 6.28%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
3 years - LVR Over 90%
Minimum: 90 PERCENT Maximum: PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.04%, Comparison Rate 6.52%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
5 year - LVR Over 90%
Minimum: 90 PERCENT Maximum: PERCENT
Lending Rate Type: Fixed
Interest Rate: 6.04%, Comparison Rate 6.43%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
5 years - LVR 60% or less
Lending Rate Type: Fixed
Interest Rate: 5.64%, Comparison Rate 5.96%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
5 years - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.64%, Comparison Rate 5.96%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
5 years - LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.64%, Comparison Rate 5.97%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
5 years - LVR 90% or less
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Fixed
Interest Rate: 5.84%, Comparison Rate 6.20%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Product Features
Digital BankingAdditional Information: You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.
Extra RepaymentsAdditional Information: Addtional repayments up to $30,000 during the fixed rate period
OtherAdditional Information: Make your loan repayments weekly, fortnightly or monthly
OtherAdditional Information: Welcoming a new family member to the family can place a pretty big strain on finances so we offer you the option of pausing your home loan repayments to give you some breathing space. This allows you to take a break from payments for three months, or halve them for six. Conditions apply
OtherAdditional Information: Our Eco-Pause lets customers take a break from their mortgage repayments and redirect their money to eco upgrades such as solar panels, batteries and water tanks. With an eco-pause you can pause your repayments for three months or halve them for six. Conditions apply.
OtherAdditional 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
OtherAdditional Information: Fixed rate lock; With our rate lock you can apply for a fixed interest rate on your home loan and lock in the rate while your home loan settles.
Product Eligibility
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.
Natural PersonAdditional Information: Not available for non-personal borrowers.
OtherAdditional Information: Applications for loans are subject to the Bank's lending criteria.
Residency Status - Au. Additional Information: Australian citizen or permanent resident of Australia
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 (Variable), Amount: Not Listed.. 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: 350.00. Additional Information: Payable when you discharge the mortgage. Statutory government registration fees will still apply
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 (Variable), Amount: Not Listed.. Additional Information: Payable when you choose to lock in the fixed rate at application. 0.10% of the total fixed loan amount for approved home loan applications (minimum fee $50). This applies to 1, 2, 3 and 5 year Fixed Rate home loans only and is a non-refundable fee.
