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We're making home ownership possible.

As a customer owned bank, we don't answer to external investors. That's why we keep our rates low.

Interest rate from
3.73% p.a.
Comparison Rate
3.86% p.a.*

Why would you choose the Basic Home Loan?

  • No establishment fee for applications received prior to 30/9/2016 (excludes investment loans)⁷
  • Option to fix full loan or split between fixed and variable
  • Available for investment purposes
  • Interest only option available
  • Redraw available
  • Loan repayment pause available
  • Flexible repayments

Rates apply to applications received from 5th August 2016.

Create a key fact sheet for this loan.

And here's the fine print

*Comparison Rate. The Comparison Rate is based on a loan of $150,000 for 25 years. Fees and charges may be applicable.

IMPORTANT: 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.

  1. To qualify for the Basic Home Loan Full Salary Credit, borrowers must transfer their full salary to a Bank Australia account to be eligible for the basic home loan rate of 3.98%. For self employed borrowers, in lieu of a salary credit a minimum $2,000 per month deposit to a Bank Australia account is required. If a  salary credit is not established the rate will be 4.10%.
  2. Terms and conditions, fees and charges apply. Loans subject to normal lending criteria and approval. Rates apply to applications received from 04/04/16 however are subject to change at anytime. Offer available to new and existing borrowers. For existing borrowers the new loan funds must exceed $100,000. Excludes investment loans.
  3. Repayment Pause. Loans must be established for a full 12 months and a maximum Loan to Value Ratio of 90% (Family-Pause) or 90% (Eco-Pause) applies. Pausing repayments will result in interest continuing to accrue on the loan, potentially increasing the term of your loan. Full conditions available from Bank Australia
  4. A maximum loan to value ratio of 80% applies for investment loans
  5. Redraw. A $25 redraw fee is payable for each redraw transaction. Minimum redraw of $500 applies. Redraw not available during an interest only or fixed period.
  6. Bank Australia offsets an equivalent amount of land as is being constructed on into the Bank Australia Conservation Reserve in accordance with the land management plan developed and implemented by Landcare Australia and overseen by Trust for Nature. Carbon sequestered from these trees is monitored and reported by Landcare CarbonSMART. Homes constructed on large lots of land such as hobby farms will be offset according to the amount of land occupied by the dwelling.

We're making applications easier

Online application

Online application

You can apply online, in your own time, and at your convenience. Didn’t finish it? That’s ok, just save it and come back when you’re ready. Need some help? Submit your contact details and we’ll get in touch with you.

Approval process

Approval process

To speed up the application process, new customers can have their identity verified online via an electronic verification system. Once your application is submitted, a loans consultant will be in touch within 48 hours (and quite often the same day).

Loan approval

Loan approval

Your loans consultant is there to guide you through the entire process, so you can be sure that you will always speak to the same person. They’ll keep you up-to-date with the application’s progress and answer any questions you may have.

Get in touch


for a loan

Call 132 888

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We're well established

Customers have been banking with us since 1957 and today nearly 130,000 people and community sector organisations choose to bank with us.

We're well established

12 Jun 2018

21 Jun 2018