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Bank Australia is offering GetUp members the opportunity to switch to a responsible bank that shares their values.

For every person who takes out a loan via the Brighter Banks campaign, Bank Australia will make a one-off financial contribution to GetUp to 0.40% of the loan value, at no cost to you.


Basic Home Loan

Our Basic Home Loan offers a competitive interest rate and other features to make your home or investment loan more affordable.

Why choose the Basic Home Loan?

  • No establishment fee on Variable Basic Home Loans Until 30/06/2018
  • Option to fix full loan or split between fixed and variable
  • Available for investment purpose (excludes HomesVic Scheme)
  • Interest only option available (for investment loans only) (excludes HomesVic Scheme)
  • Redraw available
  • Loan repayment pause available
  • Flexible repayments
  • A maximum LVR of less than 80% applies for standard Basic Home Loan

Create a key fact sheet for this loan.

Interest rate from
3.76% p.a.
Comparison Rate
3.77% p.a.*

effective 3 June 2019

More rates and fees
Variable Rates
Total Lending Interest Rate Comparison Rate
Special 3.76% p.a. 3.77% p.a.*
Standard 3.96% p.a. 3.97% p.a.*
Investment P&I 4.17% p.a. 4.21% p.a.*
Fixed Rates
Total Lending Interest Rate Comparison Rate
Fixed 1 Year 3.69% p.a. 3.98% p.a.*
Fixed 2 Years 3.74% p.a. 3.96% p.a.*
Fixed 3 Years 3.74% p.a. 3.95% p.a.*
Fixed 5 Years 4.09% p.a. 4.06% p.a.*
Fixed 1 Year - Investment P&I 4.14% p.a. 4.30% p.a.*
Fixed 2 Years - Investment P&I 4.04% p.a. 4.27% p.a.*
Fixed 3 Years - Investment P&I 4.04% p.a. 4.25% p.a.*
Fixed 5 Years - Investment P&I 4.64% p.a. 4.47% p.a.*
Fees and Charges
Establishment fee for new mortgage $595
Establishment fee - existing mortgage $295
Discharge fee $250

Why switch to Bank Australia?

We're 100% customer owned

As a customer owned bank, we return profits to customers in the form of better rates and fees while also retaining some funds to invest in the ongoing development of the bank.

We have not made and will not make any loans to the fossil fuel industry

We're working to create a healthier planet by refusing to put money into the fossil fuel industry. It's an important part of what makes us a responsible bank, and why we're recommended by fossil fuel divestment advocate Market Forces as a green banking alternative.

We have been a carbon neutral bank since 2011 and consider the environmental impacts of our products including offsetting the carbon emissions associated with every customer car loan.

Become a joint-owner in our conservation reserve

Each Bank Australia customer is part-owner of a 927 hectare Conservation Reserve. The reserve is a group of three properties on biodiverse Australian bushland which is protected from development forever. 

The bank purchased the first of our three properties in 2008, as a way of acting on customer concerns about climate change and environmental sustainability. We have spent the last nine years working to restore the properties and to learn more about the unique ecology so that we can find ways to best protect the reserve’s unique habitat and the 227 native plant and 270 native animal species that call the reserve home.

Working with our partners Greening Australia and Trust for Nature we want to see the reserve become a thriving example of science-based conservation in action.

Responsible lending and investments

As a customer owned bank, we use our customers’ deposits to make loans to other customers. This simple approach to banking is the cornerstone of cooperative banks around the world. The bank also invests its capital and liquid funds on behalf of customers who own the bank.

While generating a return is important, we also believe money should also be put to good use, creating positive social, environmental and cultural outcomes. Our Responsible Investment and Lending Policy guides how we put customers' money to use.

Our five responsible investment and lending principles:

  • Strive to ensure our customers’ funds are invested in loans that provide benefits to people, society or the environment;
  • Only lend to persons or organisations if it can be determined that they have the capacity to repay the loan;
  • Market all loan products in a responsible manner;
  • Offer support to customers facing financial hardship;
  • Assist customers to enhance their financial literacy.
4% of our after tax profit goes towards customer nominated causes

The Bank Australia Impact Fund makes investments on behalf of our customers that contribute to the mutual prosperity of people, our communities and the planet.

Each year Bank Australia invests up to 4% of after tax profits towards initiatives which create measurable environmental, social and economic outcomes in ways which are consistent with the values and expectations of our customers.

Bank with us however you want

We have a network of branches, free access to 3000+ ATMs, smartphone apps and access to Apple Pay, Android Pay, and Samsung Pay.

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. Terms and conditions, fees and charges apply. Loans subject to normal lending criteria and approval. Rates apply to applications received from 13/03/2018, however, these rates 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.
  2. Redraw not available during an interest only or fixed period.
  3. A maximum Loan to Value (LVR) ratio of 80% applies to the Basic Home Loan and Basic Investment Loan. A maximum (LVR) ratio of less than 80% applies ot he Basic Home Loan special.


    Basic Fixed Loans revert to the Basic Home Loan Reference Rate.
  5. Bank Australia offsets an equivalent amount of land as is being constructed on into the Bank Australia Conservation Reserve. 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.