Basic Variable home Loan
With all the features you need to manage your repayments and a low ongoing variable interest rate, our Basic Variable Rate Home Loan means your search for a loan is over and the search for a home can begin.
The Basic Variable Rate Home Loan can be used for purchasing or refinancing, investment properties and renovations.
Basic Variable Home Loan Features
- 3 month pre-approval allows you to search for a home with confidence.
- Loan terms up to 30 years mean you can maximise your loan term and minimise your regular repayments.
- Flexible principal and interest repayment options allow you to choose:
- when you pay – weekly, fortnightly or monthly to align with your pay cycle;
- how you pay – payroll deductions, direct credit or over the counter;
- and even how much you pay – minimum monthly repayment or add extra.
- Redraw lets you withdraw any extra repayments you have made or you could enjoy a repayment holiday1.
- Borrow up to 95% of the value of the security property2.
Rates & Fees
- A low variable interest rate that’s 0.70%pa below our standard variable interest rate.
- Establishment fee of $445;
- Monthly service fee of $11.
Extras
Useful Links
Important Information
Terms, conditions, fees, charges and normal lending criteria apply. Full details are available in our loan offer or on request.
1Redraws and repayment holidays are subject to approval. A fee is payable for each redraw. 2Lenders Mortgage Insurance is required where the loan is greater than 80% of the value of the security property. This may vary based on the location of the property. 4Pre approved overdraft limits up to $5,000 to approved applicants.
