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 5 years) 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: Principal & Interest - Borrow up to 95% on the value of the property, or 90% of the value of vacant Land. Interest Only - Borrow up  to 80% on the value of the property
  • Investment: Borrow up to 80% 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 term Principal & Interest Interest rate Principal & Interest Comparison
rate1
Interest Only Interest rate Interest Only Comparison
rate1
Variable rate 4.38% p.a. 4.56% p.a. 5.18% p.a. 5.43% p.a.
Fixed 1 year 4.44% p.a. 4.57% p.a. 4.94% p.a. 5.80% p.a.
2 years 4.04% p.a. 4.50% p.a. 4.64% p.a. 5.12% p.a.
3 years 4.24% p.a. 4.53% p.a. 4.74% p.a. 5.09% p.a.
4 years 4.64% p.a. 4.65% p.a. 5.14% p.a. 5.43% p.a.
5 years 4.64% p.a. 4.67% p.a. 5.14% p.a. 5.39% p.a.

Residential investment lending

Loan term Principal & Interest Interest rate Principal & Interest Comparison
rate1
Interest Only Interest rate Interest Only Comparison
rate1
Variable rate 5.06% p.a. 5.24% p.a. 5.61% p.a. 5.86% p.a.
Fixed 1 year 4.49% p.a. 5.18% p.a. 4.94% p.a. 5.80% p.a.
2 years 4.39% p.a. 5.11% p.a. 4.64% p.a. 5.12% p.a.
3 years 4.49% p.a. 5.09% p.a. 4.74% p.a. 5.09% p.a.
4 years 4.89% p.a. 5.18% p.a. 5.14% p.a. 5.43% p.a.
5 years 4.79% p.a. 5.13% p.a. 5.14% p.a. 5.39% 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.

Comparison rates for variable Interest Only loans are based on an initial 5 year Interest Only period. Comparison rates for fixed Interest Only loans are based on an initial Interest Only period equal in term to the fixed period. During an interest only period, your interest only payments will not reduce your loan balance and so you may pay more interest over the life of the loan.

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 Lending Fees and Charges Guide for more information.