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 August 13, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate 5.99% PA
Comparison Rate 6.02%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 60.01% - 70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Variable
Interest Rate: 5.99%, Comparison Rate 6.02%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Basic Home Loan 70.01% - 80%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 5.99%, Comparison Rate 6.02%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Basic Home Loan 80.01% to 90%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.39%, Comparison Rate 6.43%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Basic Home Loan up to 60%
Minimum: 1 PERCENT Maximum: 60 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.34%, Comparison Rate 6.38%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Basic Home Loan 60.01% -70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.39%, Comparison Rate 6.43%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Basic Home Loan 70.01% to 80%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.48%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Basic Home Loan 80.01% to 90%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.64%, Comparison Rate 6.68%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Basic Home Loan up to 60%
Minimum: 1 PERCENT Maximum: 60 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.34%, Comparison Rate 6.38%
Repayment Type: Interest Only
Loan Purpose: Investment
Basic Home Loan 60.01% - 70%
Minimum: 60.01 PERCENT Maximum: 70 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.39%, Comparison Rate 6.43%
Repayment Type: Interest Only
Loan Purpose: Investment
Basic Home Loan 70.01% - 80%
Minimum: 70.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.48%
Repayment Type: Interest Only
Loan Purpose: Investment
Basic Home Loan 80.01% to 90%
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.64%, Comparison Rate 6.68%
Repayment Type: Interest Only
Loan Purpose: Investment
Product Features
Redraw
Bill Payment
Npp Enabled
Npp Payid
Product Eligibility
Min Age - 18.
Max Age - 75.
Natural PersonAdditional 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 - Home Loan (Event), Amount: 300.00. Additional Information: Payable when we process your request to increase the principal amount of your loan. Waived for Freedom Package loans
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
Settlement Fee (Event), Amount: 100.00. Additional Information: Payable when we process the settlement of your loan. Waived for Freedom Package loans
Basic Variation Fee (Event), Amount: 150.00. Additional Information: Plus third party costs if applicable. Payable when we process your request to change or restructure your repayment
Complex Variation Fee (Event), Amount: 300.00. Additional Information: Plus any applicable break costs and third party costs if applicable. Payable when we process your request that varaies your product, security, interest rate or repayment type, unless switching to Principal & Interest payments. Waived for Freedom Package loans when changing interest rate and or interest type
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. Excludes online redraws
Default Administration Fee (Event), Amount: 40.00. Additional Information: Charged per month, if you fail to make a payment by the due date
Rtgs Outward Payment Fee (Transaction), Amount: 20.00. Additional Information: Payable each time you request a high value, time critical payment from your account to another financial institution on a real time basis for same day payment
E-statement Fee (Periodic), Amount: 0.00. Additional Information: Payable when we issue you with an electronic statement of account
Paper Statement Fee (Periodic), Amount: 0.00. Additional Information: Payable when we issue you with your statement of account in paper
Additional Statement Fee (Event), Amount: 0.00. Additional Information: Payable when you request us to issue you an additional statement of account
Mortgage Release Fee (Event), Amount: 400.00. Additional Information: Plus third party costs if applicable. Payable per mortgage when we process your request to release a security from your loan, including a partial release. Third party costs may also be payable
Valuation Fee - New Loans & Loan Increases (Variable), Amount: Not Listed.. Additional Information: Initial Valuation Fee included in Establishment Fee up to $300 (total per application). Initial Valuation Fee included in Package Fee up to $400 (total per application), subsequent Valuation Fees (eg. additional loans) included in Package Fee up to $300 (total per application).
Lenders Mortgage Insurance Premium (Variable), Amount: Not Listed.. Additional Information: Premium varies according to the amount borrowed and the valuation of the secured property/s - an estimate will be provided after the security valuation is received
Property Inspection Fee (Variable), Amount: Not Listed.. Additional Information: Charged at Cost. Covers the cost of us arranging independent inspection on a property under construction or renovation.
Document Preparation Costs And Third Party Costs (Variable), Amount: Not Listed.. Additional Information: Charged at Cost. May apply where we need to engage external solicitors to prepare the mortgage documents. Covers the cost of documentation preparation, Government charges etc.
Valuation Fee - Post Settlement (Variable), Amount: Not Listed.. Additional Information: Charged at Cost. Payable to cover the cost of us arranging an independent valuation report (which we may do at any time acting reasonably).
Conditions Subsequent Costs (Variable), Amount: Not Listed.. Additional Information: Charges vary - Charged at Cost. May apply to reimburse us the costs associated with confirming compliance with any special conditions in your loan agreement, such as the charges from third parties to provide reports to us.
Document Preparation Costs And Third Party Costs - Post Settlement (Variable), Amount: Not Listed.. Additional Information: Unacertainable - Are costs reasonably incurred by us in providing the service and include such costs as legal costs, document custodian charges, titles office fees, and electronic processing fees.
Cheque Deposit Dishonour Fee - Bank@post (Variable), Amount: Not Listed.. Additional Information: As advised by Australia Post. Payable when a cheque deposited to your loan account at an Australia Post Bank@Post outlet is dishonoured.
