Basic Home Loan

Our Basic Home Loan is a low-cost, easy-to-understand home loan with flexible terms for interest and repayments. Choose from variable and fixed interest rates, and benefit from the option of online redraw.

Key benefits

  • Borrow for loan terms up to 30 years
  • Choose a variable or fixed interest rate (up to 5 years fixed)
  • Choose principal and interest, or interest-only (up to 7 years owner occupied and 10 years residential investment) repayments
  • Choose weekly, fortnightly or monthly repayments
  • Unlimited additional repayments if variable (20% of loan balance when fixed)
  • Low monthly service fee of $10 2
  • Owner Occupied: Borrow up to 95% on the value of the property, or 90% of the value of vacant Land
  • Investment: Borrow up to 90% of the value of the property
    Note: If the LVR exceeds 80%, Lender's Mortgage Insurance is required

Current interest rates

Owner occupied lending

Loan amountInterest rateComparison
Variable rate4.38% p.a.4.56% p.a.
Fixed 1 year4.54% p.a.4.57% p.a.
2 years4.24% p.a.4.53% p.a.
3 years4.34% p.a.4.55% p.a.
4 years4.74% p.a.4.68% p.a.
5 years4.74% p.a.4.71% p.a.

Residential investment lending

Loan amountInterest rateComparison
Variable rate4.66% p.a.4.84% p.a.
Fixed 1 year4.69% p.a.4.84% p.a.
2 years4.39% p.a.4.79% p.a.
3 years4.49% p.a.4.79% p.a.
4 years4.89% p.a.4.92% p.a.
5 years4.89% p.a.4.93% p.a.

Terms and conditions, fees and charges apply. All information including interest rate is subject to change without notice. Full details available on application. Lending criteria apply.

1. Important information about comparison rates: The comparison rates displayed are calculated for a loan amount of $150,000 over a 25 year loan term. All Fixed rates are calculated on the basis that they roll to the Residential Variable rate at the end of the initial term. All comparison rates are calculated with a nil offset balance.

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.

2. Refer to the Schedule of Fees & Charges and Transaction Account Rebates for more information on Transaction Account Rebates and a list of eligible Transaction Accounts.

Schedule of Lending Interest Rates