Our Reward Me Variable Rate Home Loan offers competitive interest rates and extra flexibility with the ability to redraw and make unlimited additional repayments - so that if things change you can too
Category: Home Loans Last Updated October 15, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information Total borrowings less than $500,000, Principal &Interest, Owner occupied, LVR between 60.01% to 80%
Interest Rate 6.44% PA
Comparison Rate 6.58%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..
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 6.79%, Comparison Rate 6.82%
Repayment Type: Interest Only
Loan Purpose: Investment
Amount
Minimum: $750000.01 Maximum: $
LVR
Minimum: 90.01 PERCENT Maximum: PERCENT
Lending Rate Type: Variable
Interest Rate: 8.87%, Comparison Rate 9.01%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.79%, Comparison Rate 6.82%
Repayment Type: Interest Only
Loan Purpose: Investment
LVR
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 6.59%, Comparison Rate 6.73%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Lending Rate Type: Variable
Interest Rate: 7.19%, Comparison Rate 6.92%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 7.34%, Comparison Rate 7.48%
Repayment Type: Interest Only
Loan Purpose: Investment
Amount
Minimum: $75000.00 Maximum: $500000.00
LVR
Minimum: 90.01 PERCENT Maximum: PERCENT
Lending Rate Type: Variable
Interest Rate: 8.87%, Comparison Rate 9.01%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 6.59%, Comparison Rate 6.73%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.94%, Comparison Rate 7.08%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Amount
Minimum: $750000.01 Maximum: $
LVR
Lending Rate Type: Variable
Interest Rate: 6.79%, Comparison Rate 6.82%
Repayment Type: Interest Only
Loan Purpose: Investment
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.58%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.58%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Amount
Minimum: $750000.01 Maximum: $
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.59%, Comparison Rate 6.73%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Amount
Minimum: $750000.01 Maximum: $
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.94%, Comparison Rate 7.08%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.58%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 7.19%, Comparison Rate 6.92%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Minimum: 90.01 PERCENT Maximum: PERCENT
Lending Rate Type: Variable
Interest Rate: 8.87%, Comparison Rate 9.01%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Amount
Minimum: $750000.01 Maximum: $
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 7.19%, Comparison Rate 6.92%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
LVR
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.58%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Amount
Minimum: $750000.01 Maximum: $
LVR
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.58%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 6.94%, Comparison Rate 7.08%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 7.34%, Comparison Rate 7.48%
Repayment Type: Interest Only
Loan Purpose: Investment
Amount
Minimum: $750000.01 Maximum: $
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 7.34%, Comparison Rate 7.48%
Repayment Type: Interest Only
Loan Purpose: Investment
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Lending Rate Type: Variable
Interest Rate: 6.59%, Comparison Rate 6.73%
Repayment Type: Principal And Interest
Loan Purpose: Investment
LVR
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 6.79%, Comparison Rate 6.82%
Repayment Type: Interest Only
Loan Purpose: Investment
Amount
Minimum: $750000.01 Maximum: $
LVR
Lending Rate Type: Variable
Interest Rate: 6.59%, Comparison Rate 6.73%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 7.34%, Comparison Rate 7.48%
Repayment Type: Principal And Interest
Loan Purpose: Investment
LVR
Amount
Minimum: $750000.01 Maximum: $
Lending Rate Type: Variable
Interest Rate: 7.19%, Comparison Rate 6.92%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 7.34%, Comparison Rate 7.48%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Amount
Minimum: $750000.01 Maximum: $
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.79%, Comparison Rate 6.82%
Repayment Type: Interest Only
Loan Purpose: Investment
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 7.19%, Comparison Rate 6.92%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
LVR
Amount
Minimum: $75000.00 Maximum: $500000.00
Lending Rate Type: Variable
Interest Rate: 7.19%, Comparison Rate 6.92%
Repayment Type: Interest Only
Loan Purpose: Owner Occupied
Amount
Minimum: $750000.01 Maximum: $
LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
Lending Rate Type: Variable
Interest Rate: 7.34%, Comparison Rate 7.48%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Amount
Minimum: $750000.01 Maximum: $
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.44%, Comparison Rate 6.58%
Repayment Type: Principal And Interest
Loan Purpose: Owner Occupied
Amount
Minimum: $500000.01 Maximum: $750000.00
LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
Lending Rate Type: Variable
Interest Rate: 6.59%, Comparison Rate 6.73%
Repayment Type: Principal And Interest
Loan Purpose: Investment
Product Features
OffsetAdditional Information: Our Reward Me Home Loan comes with a Home Loan Companion Account that we'll open for you. Every dollar that you keep in this account offsets the interest costs on your variable rate loan, so it reduces the amount of interest you'll have to pay on your home loan and will help you pay it off sooner. Now, that makes perfect sense! As long as you have a positive balance in this account, you won't be charged any ongoing fees for maintaining it. We'll use this account to debit ongoing fees and charges across your loans and you can use it to make the repayments on your loan.
OtherAdditional Information: You can split your borrowings and lock in a portion of your loan with a fixed rate to get repayment certainty over a fixed period. That way you'll have some protection if rates rise during that period, but maintain some flexibility with the variable portion of your loan to make extra repayments or access funds through redraw if things change.
RedrawAdditional Information: If you're ahead of your minimum repayments, you can redraw those funds online at any time (minimum redraw amount $100) with no extra charges.
OtherAdditional Information: We recognise and reward the value of our customers with discounted variable interest rates based on loan size and loan-to-value ratio
OtherAdditional Information: Purchase of vacant land & construction (home & land package
OtherAdditional Information: Applicants with PAYG income
Natural PersonAdditional Information: Individual and joint personal applicants, no companies or trusts
Bank Fees and Charges
Home Loan Fee (Periodic), Amount: 10.0000. Additional Information: Charged to each loan account on every repayment date (monthly)
Cheque Dishonour Fee (Event), Amount: 15.0000. Additional Information: $15 for each item. Banking of cheques only available at settlement.
Valuation Fee (Event), Amount: 0.0000. Additional Information: First Valuation - Free. Any further valuation will be charged for. The amount of the fee, will be the fee charged by the appointed Valuer and will vary depending on the location and value of the property
Document Variation Fee (Event), Amount: 200.0000. Additional Information: Payable if a new set of loan documents needs to be issued due to a change in your requirements
Call Fee (Event), Amount: 50.0000. Additional Information: Charged whenever we visit you after a default has occurred.
Additional Security Fee (Event), Amount: 150.0000. Additional Information: Payable when more than one security is required
Settlement Fee (Upfront), Amount: 150.0000. Additional Information: Payable for completing settlement of your loans
Consent Fee (Event), Amount: 300.0000. Additional Information: Payable wherever we give consent (following a request from you) to a change in security
Mortgagee Sale Fee (Event), Amount: 400.0000. Additional Information: Charged for each property we hold as security for a loan facility where the lender commences mortgagee sale procedures (whether or not a sale is completed).
Notice To Tenant Requiring Vacant Possession Fee (Event), Amount: 10.0000.
Legal Review Fees - Complex (Event), Amount: 500.0000. Additional Information: Payable for each document that the Lender is required to review, amend or prepare and which is categorised by the Lender as a complex document. A complex document may include, but is not limited to: - agreements/deeds; or - amendment or preparation of a mortgage over lease, right of entry, mortgagee�s consent to lease.
Substitution Of Security Fee (Event), Amount: 300.0000. Additional Information: Payable if we agree to substitute one security for another security
Top Up Fee (Event), Amount: 150.0000. Additional Information: Payable when you apply to top up your loan (6 months or more after settlement) and we agree to increase
Default Fee (Event), Amount: 30.0000. Additional Information: Payable 10 days after a repayment date if you have not paid your repayment or any other payment in full on or before that repayment date.
Security Release Fee (full Or Partial) (Exit), Amount: 350.0000. Additional Information: Payable when we agree (at your request) to discharge a security
Production Fee (Event), Amount: 150.0000. Additional Information: Payable if a certificate of title or any security is required to be produced to another financial institution.
Application Fee (Upfront), Amount: 300.0000. Additional Information: Payable for processing application of your loans. Charged at settlement
Legal Review Fees - Standard (Event), Amount: 350.0000. Additional Information: Payable for each document that the Lender is required to review, amend or prepare and which is categorised by the Lender as a standard document. A standard document may include but is not limited to: - review of a consent document, power of attorney or a caveat; or - amendment or preparation of a consent document, deed of covenant, confidentiality agreement,cross guarantee and indemnity, deed of subordination, fixed charge or a deed of priority.
Power Of Sale Notice Fee (Event), Amount: 10.0000.
Demand Notice Fee (Event), Amount: 10.0000.
Switching Fee (Event), Amount: 300.0000. Additional Information: Charged for loans converted to another type of loan
