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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.

Interest rate from
3.98% p.a.
Comparison Rate
3.99% p.a.*
More rates and fees
Variable Rates
Total Lending Interest Rate Comparison Rate
Standard 3.98% p.a. 3.99% 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. 4.58% p.a.*
Fixed 2 Years 4.34% p.a. 4.55% p.a.*
Fixed 3 Years 4.44% p.a. 4.56% p.a.*
Fixed 5 Years 4.64% p.a. 4.62% 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 - new mortgage $595
Establishment fee - existing mortgage $295
Redraw fee $25
Discharge fee $250

Why would you choose the Basic Home Loan?

  • Option to fix full loan or split between fixed and variable
  • Available for investment purpose to existing customers only (rate displayed applies for owner occupied purpose, see more rates and fees)
  • Interest only option available
  • Redraw available
  • Loan repayment pause available
  • Flexible repayments

Rates apply to applications received from 23rd October 2015.

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. Terms and conditions, fees and charges apply. Loans subject to normal lending criteria and approval. Rates apply to applications received from 23/10/15 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.
  2. Repayment Pause. Loans must be established for a full 12 months and a maximum Loan to Value Ratio of 90% (Family-Pause) or 80% (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
  3. A maximum loan to value ratio of 80% applies for investment loans
  4. 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.
  5. The $595 establishment fee applies to applications below $150,000. For existing borrowers the new loan funds must exceed $100,000. Application fee waiver does not apply to investment loans. 
  6. The Basic Home Loan product was revised on 15/10/2012. Some Bank Australia customers may have a Basic Home Loan with varying features contracted prior to 15/10/2012. Please refer to your loan contract or call Bank Australia on 132 888 to speak to a lending consultant regarding the features of your Basic Home Loan.
  7. 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.

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