Variable rate
Fixed rate
Interest rate 3.79% p.a. 1 year 4.29% p.a.
2 year 3.89% p.a.
3 year 4.09% p.a.
4 year 4.49% p.a.
5 year 4.49% p.a.
Comparison rate1 4.09% p.a. 1 year 4.14% p.a.
2 year 4.11% p.a.
3 year 4.17% p.a.
4 year 4.33% p.a.
5 year 4.38% p.a.
Loan term Up to 30 years Up to 30 years
Max loan to value ratio 80%
(or 20% deposit)
80%
(or 20% deposit)
Upfront fees Establishment Fee $200
Search Processing Fee $50
Solicitor Fees $275
plus external fees        
Establishment Fee $200
Search Processing Fee $50
Solicitor Fees $275
plus external fees        

Valuation fees
(charged at cost, per property)

Electronic valuation: $134.20
Full valuation - less than $1 million in value: $220 + GST
Full valuation - greater than $1 million in value: $440 + GST
Electronic valuation: $134.20
Full valuation - less than $1 million in value: $220 + GST
Full valuation - greater than $1 million in value: $440 + GST
Monthly service fee $20 $20
Additional repayments
(no charge)
Yes Yes, up to 20% during the fixed period
Free redraw Yes Yes
Offset account Yes Yes, partial only
 
Variable rate
Fixed rate
Interest rate

5.29% p.a.

1 year 4.79% p.a.
2 year 4.49% p.a.
3 year 4.59% p.a.
4 year 4.99% p.a.
5 year 4.99% p.a.

Comparison rate1

4.66% p.a.

1 year 4.17% p.a.
2 year 4.20% p.a.
3 year 4.27% p.a.
4 year 4.46% p.a.
5 year 4.54% p.a.
Loan term Up to 30 years
(Maximum interest only period is 5 years - after which the loan will convert to principal and interest)        
Up to 30 years
(Maximum interest only period is 5 years - after which the loan will convert to principal and interest)
Max loan to value ratio 80%
(or 20% deposit)
80%
(or 20% deposit)
Upfront fees Establishment Fee $200 
Search Processing Fee $50 
Solicitor Fees $275
plus external fees
Establishment Fee $200 
Search Processing Fee $50 
Solicitor Fees $275
plus external fees
Valuation fees
(charged at cost, per property)
Electronic valuation: $134.20
Full valuation - less than $1 million in value: $220 + GST
Full valuation - greater than $1 million in value: $440 + GST
Electronic valuation: $134.20
Full valuation - less than $1 million in value: $220 + GST
Full valuation - greater than $1 million in value: $440 + GST
Monthly service fee $20 $20
Additional repayments
(no charge)
Yes Yes, up to 20% during the fixed period
Free redraw Yes Yes
Offset account Yes Yes, partial only
 
Variable rate
Fixed rate
Interest rate

4.44% p.a.

1 year 4.34% p.a.
2 year 4.14% p.a.
3 year 4.34% p.a.
4 year 4.74% p.a.
5 year 4.64% p.a.
Comparison rate1

4.73% p.a.

1 year 4.72% p.a.
2 year 4.68% p.a.
3 year 4.70% p.a.
4 year 4.83% p.a.
5 year 4.81% p.a.
Loan term Up to 30 years Up to 30 years
Max loan to value ratio 80%
(or 20% deposit)
80%
(or 20% deposit)
Upfront fees Establishment Fee $200 
Search Processing Fee $50 
Solicitor Fees $275
plus external fees
Establishment Fee $200 
Search Processing Fee $50 
Solicitor Fees $275
plus external fees
Valuation fees
(charged at cost, per property)
Electronic valuation: $134.20
Full valuation - less than $1 million in value: $220 + GST
Full valuation - greater than $1 million in value: $440 + GST
Electronic valuation: $134.20
Full valuation - less than $1 million in value: $220 + GST
Full valuation - greater than $1 million in value: $440 + GST
Monthly service fee $20 $20
Additional repayments
(no charge)
Yes Yes, up to 20% during the fixed period
Free redraw Yes Yes
Offset account Yes Yes, partial only
 
Variable rate
Fixed rate
Interest rate

4.94% p.a.

1 year 4.79% p.a.
2 year 4.29% p.a.
3 year 4.59% p.a.
4 year 4.99% p.a.
5 year 4.99% p.a.

Comparison rate1

4.91% p.a.

1 year 4.76% p.a.
2 year 4.69% p.a.
3 year 4.75% p.a.
4 year 4.89% p.a.
5 year 4.93% p.a.
Loan term Up to 30 years
(Maximum interest only period is 5 years - after which the loan will convert to principal and interest)        
Up to 30 years
(Maximum interest only period is 5 years - after which the loan will convert to principal and interest)
Max loan to value ratio 80%
(or 20% deposit)
80%
(or 20% deposit)
Upfront fees Establishment Fee $200 
Search Processing Fee $50 
Solicitor Fees $275
plus external fees
Establishment Fee $200 
Search Processing Fee $50 
Solicitor Fees $275
plus external fees
Valuation fees
(charged at cost, per property)
Electronic valuation: $134.20
Full valuation - less than $1 million in value: $220 + GST
Full valuation - greater than $1 million in value: $440 + GST
Electronic valuation: $134.20
Full valuation - less than $1 million in value: $220 + GST
Full valuation - greater than $1 million in value: $440 + GST
Monthly service fee
(excl. offset account)
$20 $20
Additional repayments
(no charge)
Yes Yes, up to 20% during the fixed period.
Free redraw Yes Yes
Offset account Yes Yes, partial only

Fixed or Variable - which home loan is best for you?

There’s pros and cons to both sides. If you’re more comfortable knowing exactly what your loan repayment will be each month then a fixed rate may be best for you. If you want more flexibility or are happy with a fluctuating interest rate which may mean lower repayments, then a variable rate may suit you better.

What's great about a fixed rate.

Reliability and Security.

  • A fixed rate home loan has an interest rate locked in for a specified time (usually up to five years), regardless of changes to interest rates. This means your loan repayments will stay the same over the fixed period.
  • A fixed rate can make budgeting easier, because you’ll have certainty about how much of your income you need to put aside for your loan repayments.
  • And if interest rates rise, fixing your rate will secure a lower rate and could save you money over the long term.

What's great about a variable rate.

Flexibility and potentially lower interest rates.

  • A variable rate loan has an interest rate that can fluctuate depending on changes to the bank's borrowing costs. This means your repayment amount can change too.
  • When interest rates are low a variable rate can definitely work in your favour – but be aware that rates can rise, and when they do, so too may your repayment.
  • If shortening your loan term is a priority, a variable rate may be more suitable, as you can make additional repayments whenever you want.

Why do rates matter so much?

The rate on your home loan dictates how much interest you will pay on your borrowed amount over the life of the loan. Even a small change in rate can make a big difference over a 30-year loan term.

Important Information

Terms, 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 of $150,000 over 25 years. If the comparison rates relate to loans with a fixed interest rate, the comparison rates have been calculated on the basis that our current applicable variable rate will apply at the end of the fixed rate period. WARNING: The comparison rates are 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.