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

Transfer your full salary credit to be eligible.
3.98% p.a.
Comparison Rate
3.99% p.a.*

effective 20 June 2016

More rates and fees
Variable Rates
Total Lending Interest Rate Comparison Rate
Full Salary Credit 3.98% p.a. 3.99% p.a.*
Standard 4.10% p.a. 4.11% p.a.*
Investment 4.79% p.a. 4.83% p.a.*
Fixed Rates
Total Lending Interest Rate Comparison Rate
Fixed 1 Year 4.44% p.a. 4.49% p.a.*
Fixed 2 Years 4.24% p.a. 4.45% p.a.*
Fixed 3 Years 4.34% p.a. 4.46% p.a.*
Fixed 5 Years 4.59% p.a. 4.54% p.a.*
Fixed 1 Year - Investment 4.84% p.a. 4.84% p.a.*
Fixed 2 Years - Investment 4.74% p.a. 4.83% p.a.*
Fixed 3 Years - Investment 4.84% p.a. 4.85% p.a.*
Fixed 5 Years - Investment 5.04% p.a. 4.94% p.a.*
Fees and Charges
Establishment fee for new mortgage applications received prior to 30/9/2016 will be waived (excludes investment loans) $595
Establishment fee - existing mortgage $295
Redraw fee $25
Discharge fee $250
Without full salary credit.
4.10% p.a.
Comparison Rate
4.11% 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 purpose
  • Interest only option available
  • Redraw available
  • Loan repayment pause available
  • Flexible repayments
  • A maximum LVR of 80% applies


Create a key fact sheet for this loan.

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 (LVR) ratio of 80% applies to the Basic Home Loan and Basic Investment Loan.

  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.
  7. Bank Australia will waive the $595 establishment fee for applications received prior to 30/9/2016 (excludes investment loans). 

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