BSB 805 050

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BSB 805 050

Standard Variable Home & Investment Loan

Enjoy no monthly fees and the flexibility to make unlimited extra repayments to pay off your loan quicker

Available Loan Size

$20,000+

Offset facility option

Yes

Extra Repayments

Yes

Redraw Facility

Yes

A variable rate loan is simple. If interest rates go down, so do your scheduled repayments. Or if interest rates increase, then your minimum scheduled repayment will too.

With our Variable Rate Home & Investment Loans you can enjoy a competitive rate, plus a range of convenient features and the freedom to make unlimited extra repayments, helping you pay off your loan sooner and saving you money.

  • Competitive Variable interest rates
  • Loan terms up to 30 years (or up to 40 years for first home buyers)
  • No annual or monthly account keeping fees1
  • Freedom to make unlimited extra repayments – reduce your loan term and save money
  • Flexible repayment frequency - pay weekly, fortnightly or monthly2
  • Redraw facility - access to extra cash if you’re ahead on your repayments3
  • Offset account option - link your loan and transaction account to help reduce the interest and time taken to pay off your loan1
  • Interest Only repayment option - reduce your loan repayments by paying only the interest due monthly4
  • Split-loan interest rate option - get the benefits of a part fixed and part variable interest rate loan5
  • Family guarantee for first home buyers6

You can apply for a Standard Variable Home or Investment Loan online, over the phone by calling 13 11 82 or by visiting your nearest branch.

  • Application fee - $600
  • No monthly fee1
  • $8 per month for Offset account (optional)1
  • Minimum loan size is $20,000
  • Lenders Mortgage Insurance (LMI) is payable for loans with a deposit less than 20% (80% Loan to Value Ratio or higher)
  • 3rd party charges apply (e.g. stamp duty) 

 

Residential Variable Home Loans

Product Name Tier Principal & Interest Rate Principal & Interest Comparison Rate Interest Only Rate Interest Only Comparison Rate
Standard Variable Rate: Home, Construction, Bridging & Low Doc Loans~ $20,000 - $1,500,000 5.20% p.a. 5.25% p.a. 5.75% p.a. 5.80% p.a.
Basic Variable Rate: Home & Construction Loans <80% LVRa $50,000 - $1,500,000 4.42% p.a. 4.47% p.a. 4.97% p.a. 5.02% p.a.
Basic Variable Rate: Home & Construction Loans $50,000 - $1,500,000 4.62% p.a. 4.67% p.a. 5.17% p.a. 5.22% p.a.

Variable Investment Loans

Product Name Tier Principal & Interest Rate Principal & Interest Comparison Rate Interest Only Rate Interest Only Comparison Rate
Standard Variable Investment Rate: Home and Construction Loans $20,000 - $1,500,000 5.85% p.a. 5.90% p.a. 6.26% p.a. 6.31% p.a.
Basic Variable Investment Rate: Home & Construction Loans <80% LVRb $50,000 - $1,500,000 5.07% p.a. 5.12% p.a. 5.48% p.a. 5.53% p.a.
Basic Variable Investment Rate: Home & Construction Loans $50,000 - $1,500,000 5.27% p.a. 5.32% p.a. 5.68% p.a. 5.73% p.a.

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Product Summary

What do I get?

Interest Rate

Comparison Rate

Service Availability

Interest Only Option

Available Loan Size

Loan to Value Ratio (LVR)

Rate Lock Option

Offset facility option

Extra Repayments

Redraw Facility

Loan Term

Repayment Frequency

Loan Splits available

Buy a Home or Investment

Refinance

Construction

Vacant Land

Bridging

Application Fee

Ongoing Fees

Package benefits and discounts on other products

 

Enjoy no monthly fees and the flexibility to make unlimited extra repayments to pay off your loan quicker

What do I get?

Variable loan no monthly fees and the flexibility to make extra repayments to reduce the length of your loan.

Interest Rate

Home Loan: 5.2% p.a.

Investment Loan: 5.85% p.a.

Comparison Rate

Home Loan: 5.25% p.a.

Investment Loan: 5.9% p.a.

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$20,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%

Investment Loan: Up to 90%

Rate Lock Option

Offset facility option

Extra Repayments

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

Refinance

Vacant Land

Application Fee

$600

Ongoing Fees

$0

Package benefits and discounts on other products

Package your loan and bank account for great discounts and benefits and enjoy the flexibility of a variable rate

What do I get?

Flexibility of a discounted variable rate, offset ability and packaged with great range of product benefits and discounts.

Interest Rate

Home Loan: From 3.75% p.a.a

Investment Loan: From 4.85% p.a.b

Comparison Rate

Home Loan: 4.15% p.a.a

Investment Loan: 5.22% p.a.b

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$100,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%
Investment Loan: Up to 90%

Rate Lock Option

Offset facility option

Extra Repayments

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

No restrictions on the number of splits per Annual Fee

Refinance

Vacant Land

Bridging

Application Fee

$0

Ongoing Fees

$395 per annum

Package benefits and discounts on other products

Remove

Enjoy the certainty of fixed repayments and bundle your loan and bank account into one package to save with rate and fee discounts

What do I get?

Security of a discounted fixed rate packaged with a great range of product benefits and discounts.

Interest Rate

Home Loan: From 3.84% p.a. Fixed for 2 years^

Investment Loan: From 4.29% p.a. Fixed for 2 years

Comparison Rate

Home Loan: 4.68% p.a.^

Investment Loan: 5.36% p.a.

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$100,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%

Investment Loan: Up to 90%

Rate Lock Option

 0.15% fee applies

Offset facility option

Extra Repayments

Up to $10,000 per year

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

No restrictions on the number of splits per Annual Fee

Refinance

Vacant Land

Bridging

Application Fee

$0

Ongoing Fees

$395 per annum

Package benefits and discounts on other products

Remove

Enjoy a competitive variable rate and the freedom to make unlimited extra repayments to pay off your loan quicker

What do I get?

Low variable rate and the freedom to make extra repayments to reduce the length of your loan.

Interest Rate

Home Loan: From 4.42% p.a.a

Investment Loan: From 5.07% p.a.

Comparison Rate

Home Loan: 4.47% p.a.a

Investment Loan: 5.12% p.a.

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$50,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%

Investment Loan: Up to 90%

Rate Lock Option

Offset facility option

Extra Repayments

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

Refinance

Vacant Land

Bridging

Application Fee

$600

Ongoing Fees

$0

Package benefits and discounts on other products

Remove

Enjoy the certainty of fixed mortgage repayments for a set period of time

What do I get?

Set fixed mortgage repayment certainty for up to 5 years.

Interest Rate

Home Loan: From 3.99% p.a. Fixed for 2 years

Investment Loan: From 4.44% p.a. Fixed for 2 years

Comparison Rate

Home Loan: 5.12% p.a.

Investment Loan: 5.72% p.a.

Service Availability

Full Service 
- Branch, Phone and Online support

Interest Only Option

Up to 10 years - reviewed after 5 years

Available Loan Size

$20,000+

Loan to Value Ratio (LVR)

Home Loan: Up to 95%

Investment Loan: Up to 90%

Rate Lock Option

 0.15% fee applies

Offset facility option

Extra Repayments

Up to $10,000 per year

Redraw Facility

Loan Term

30 years or up to 40 years for First Home Buyers

Repayment Frequency

Weekly, Fortnightly or Monthly

Monthly for Interest Only

Loan Splits available

Refinance

Vacant Land

Bridging

Application Fee

$600

Ongoing Fees

$8 per month

Package benefits and discounts on other products

Remove

A flexible loan that puts you in control of your repayments by consolidating your transaction account and mortgage into one convenient account

What do I get?

Flexible Line of Credit Loan to control your finances, all with the one account.

Interest Rate

6.1% p.a.

Comparison Rate

N/A

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

10 years

Available Loan Size

$20,000 to $500,000

Loan to Value Ratio (LVR)

Up to 90%

Rate Lock Option

Offset facility option

N/A

Extra Repayments

Redraw Facility

Can draw up to limit amount

Loan Term

Up to 30 Years

Repayment Frequency

Monthly

Loan Splits available

Refinance

Construction

Vacant Land

Bridging

Application Fee

$600

Ongoing Fees

$8 per month

Package benefits and discounts on other products

Remove

Take control of your repayments with the flexibility of a transaction account and mortgage consolidated into a convenient account and save with extra discounts and benefits

What do I get?

Flexible transactional Line of Credit Loan packaged with a great range of product benefits and discounts.

Interest Rate

From  5.5% p.a.

Comparison Rate

N/A

Service Availability

Full Service - Branch, Phone and Online support

Interest Only Option

10 Years

Available Loan Size

$100,000 to $500,000

Loan to Value Ratio (LVR)

Up to 90%

Rate Lock Option

Offset facility option

N/A

Extra Repayments

Redraw Facility

Can draw up to limit amount

Loan Term

Up to 30 Years

Repayment Frequency

Monthly

Loan Splits available

No restrictions on the number of splits per Annual Fee

Refinance

Construction

Vacant Land

Bridging

Application Fee

$0

Ongoing Fees

$395 per annum

Package benefits and discounts on other products

Remove

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Please call us on 13 11 82 to arrange a Home Loan Adviser to contact you. Alternatively you can apply for your home loan online.

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1 $8 monthly fee applies if you choose to have an Offset account. An Offset account is optional and only available for Standard Variable and Variable Package loans.
2 Interest only repayments can only be made monthly.
3 Minimum redraw amount is $1,000 and is free to facilitate online or $40 for an in-branch Staff Assisted redraw. Redraws are only available if sufficient extra loan repayments have been made.
4 Subject to approval. Interest only repayments can only be made monthly and the period is for a maximum of 10 years with a review after 5 years.
5 Subject to approval.
6 Loan must be a principal and interest loan (as opposed to an interest only loan) to qualify for the family guarantee.
~ Low Doc Home Loans are not available for new business.
b Only available for new business, rate current for new applications from  23/05/2017 and subject to change without notice. The Basic Variable Investment LVR rate is 0.20% p.a. discount to the Basic Variable Investment rate and applies for life of loan. Resulting in a Basic Variable Investment rate of 5.07%p.a. Maximum LVR is 80%. Members with an existing home loan must increase their borrowings by at least $50,000 to qualify for the new business offer and the LVR must be less than or equal to 80%.

Terms, conditions, fees, charges and lending criteria apply and are available on application.

WARNING:This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.  

The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Disclosure Documentsand your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.

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