Arab Bank Australia home loans

Arab Bank Australia
Arab Bank Australia's overall rating for home loans

(as rated by the Mozo community)

7.3 / 10

based on 6 reviews

Arab Bank has been operating in Australia since 1986 and has nine branches across Sydney and Melbourne. Property is one of its specialties, so you can feel confident taking out a home loan with Arab Bank.

Rates and fees verified as correct at 13 November, 2018. Other information correct at the time of writing.

What home loans do Arab Bank Australia offer?

Fixed Rate Home Loans Fixed Rate Home Loans

If a simple, no-frills home loan is what you’re after, then the fixed rate option from Arab Bank may just be the one for you. This loan is available for amounts starting at $50,000, up to 95% of the property’s value. You can choose between weekly, fortnightly or monthly payments, and if you like, you can split your loan between fixed and variable rates. Keep in mind there’s an application fee to consider.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.44% p.a.

5.32% p.a.

$0.00

$600

4.14% p.a.

5.24% p.a.

$0.00

$600


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Variable Rate Home Loans Variable Rate Home Loans

If you’d like the benefit of a few more flexible features with your home loan, check out the Arab Bank variable rate offer. You’ll be able to borrow up to 95% of the property’s value, starting from $50,000 and choose to make repayments weekly, fortnightly or monthly. In terms of features, you’ll have the ability to take a repayment holiday and make unlimited extra repayments and free redraws, although a hefty minimum amount applies to the latter. You’ll pay an application fee, and if you opt for The Basics offer, a monthly service fee.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

5.69% p.a.

5.74% p.a.

$0.00

$600

4.25% p.a.variable for 12 months and then 5.69% p.a.

5.59% p.a.

$0.00

$600

5.59% p.a.

5.72% p.a.

$8.00 monthly

$600


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Line of Credit Line of Credit

Use the equity already built up in your home to fund your next big spending goal, whether that’s a kitchen renovation or a new car. You can get your hands on between $20,000 and $500,000, up to 95% of your home’s value. Remember to budget for the annual fee, which is 0.5% of your borrowing limit.

Product Rate Comparison Rate* Service fee Upfront fee

6.70% p.a.

n/a

$0.00

$0

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*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Arab Bank Australia home loan features in a glance

Low depositLow deposit

With home loans available with as little as a 5% deposit, Arab Bank is a great choice if you're struggling to save up a deposit. But just remember that, as with most lenders, if your LVR is above 80%, you’ll need to also pay Lender’s Mortgage Insurance.

Fee-free extra repaymentsFee-free extra repayments

Choose a variable rate home loan from Arab Bank and you’ll be able to make unlimited free extra repayments to save on interest and pay your mortgage off faster.

Flexible repayment scheduleFlexible repayment schedule

You can choose to make repayments monthly, fortnightly or weekly to suit your budget.

How are Arab Bank Australia home loans rated?

Want to know what Arab Bank customers think of their home loans? Read our customer review section to find out how they’ve rated Arab Bank in terms of things like customer service, trust and price.

Arab Bank Australia home loans

Overall 7.3

Price

Features

Customer service

Convenience

Trust

6 Reviews

Recent Arab Bank Australia home loan reviews Recent Arab Bank Australia home loan reviews

Arab Bank Australia

Arab Bank Australia Revolving Line of Credit home loan review

Overall rating   5 / 10

Would not recommend

Was not impressed.

Full review

Was not impressed.

    Price   4 / 10

    Features   6 / 10

    Customer service   3 / 10

    Trust   2 / 10

Less

James, Western Australia, reviewed over 3 years ago

Arab Bank Australia

Arab Bank Australia home loan review

Overall rating   9 / 10

Great site to use

Great service, have a branch in a small town (this is really valued.) ATM is local and accessible. Staff are great!!! Product is competitive.

Full review

Great service, have a branch in a small town (this is really valued.) ATM is local and accessible. Staff are great!!! Product is competitive.

    Price   8 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   9 / 10

Less

Name not supplied, New South Wales, reviewed over 5 years ago

Arab Bank Australia

Arab Bank Australia Revolving Line of Credit home loan review

Overall rating   9 / 10

10/10 for keeping us on the alert.

I rate Adelaide Bank 10/10 for having there Customer service rating acheivable for acuratsy in keeping us on the alert. And for helping us with the mortgage payment. If we are left behind, we can then catch up and keep infront.

Full review

I rate Adelaide Bank 10/10 for having there Customer service rating acheivable for acuratsy in keeping us on the alert. And for helping us with the mortgage payment. If we are left behind, we can then catch up and keep infront.

    Price   7 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Cecile norris, Queensland, reviewed over 6 years ago

Arab Bank Australia

Arab Bank Australia home loan review

Overall rating   1 / 10

bad

bad product. a scam

Full review

bad product. a scam

    Price   1 / 10

    Features   1 / 10

    Customer service   1 / 10

    Convenience   1 / 10

    Trust   1 / 10

Less

Jadin, New South Wales, reviewed over 6 years ago

Arab Bank Australia

Arab Bank Australia home loan review

Overall rating   10 / 10

This bank is helping people. They don't charge too much interest. As like helping . They are one of the richest bank in the world.

Full review

This bank is helping people. They don't charge too much interest. As like helping . They are one of the richest bank in the world.

    Price   9 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Ces, New South Wales, reviewed over 6 years ago

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What do you need to apply for a Arab Bank Australia home loan? What do you need to apply for a Arab Bank Australia home loan?

To apply for an Arab Bank home loan, you'll need to either visit your local branch, or arrange for a home loan specialist to pay you a visit. Here are a few things you’ll need when you set up an application interview:

  • I.D.
  • Your last two years’ tax returns
  • Three of your most recent pay slips or an original letter of employment from your employer;
  • Details of your assets, including savings and investments
  • Details of your debts, including credit cards and personal loans
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