Choose the version of this loan that suits you best
Availability | Loan type | LVR | Min loan amount | Max loan amount | |
---|---|---|---|---|---|
|
Owner Occupier | Principal & Interest | < 60% | $10,000 | |
|
Owner Occupier | Principal & Interest | 60%-70% | $10,000 | |
|
Owner Occupier | Principal & Interest | 70%-80% | $10,000 | |
|
Owner Occupier | Principal & Interest | 80%-90% | $10,000 | |
|
Owner Occupier | Principal & Interest | 90%-95% | $10,000 | |
|
Investor | Principal & Interest | < 60% | $10,000 | |
|
Investor | Principal & Interest | 60%-70% | $10,000 | |
|
Investor | Principal & Interest | 70%-80% | $10,000 | |
|
Investor | Interest Only | < 60% | $10,000 | |
|
Investor | Interest Only | 60%-70% | $10,000 | |
|
Investor | Interest Only | 70%-80% | $10,000 |
With extensive rate options for everyone from existing borrowers with built up equity, to first home buyers with smaller deposits, the Basic Home Loan (Fixed) from Bank Australia could be a solid choice for anyone looking to lock in with a competitive rate. There are also some handy features on offer and there are relatively few fees.
The Bank Australia Basic Home Loan (Fixed) could be the easy-to-manage loan you’ve been looking for. Since this is a fixed rate home loan, you’ll have the comfort in knowing your repayment amount won't change over the time period you lock in for, which means you'll be able to plan your budget over the long term.
Speaking of terms, borrowers will be able to lock in a rate for either 1, 2, 3 or 5 years.
There are also lower rates available for those with loan-to-value ratios (LVRs) of 60% and below or 70% and below, as well as for borrowers with an LVR above 80% - an option which could be useful for first time buyers who haven't saved up a 20% deposit.
You won’t have to worry about any ongoing service fees, nor any legal, valuation or settlement fees. There is a $595 application fee to budget for though, as well as the $250 discharge fee once you fully pay off your loan.
Another thing to keep in mind is that since this is a 'basic' loan, features like an offset account aren't available, though extra repayments (up to $30,000 over the fixed term) and a redraw facility are available.
Aren’t too worried about having access to an offset account? Then the Bank Australia Basic Home Loan (Fixed) with its competitive rates, relative lack of fees and useful features could be a worthy pick.
Just remember, there is a costly application fee to consider, and if you are looking to refinance or pay off your loan, you will be charged a $250 discharge fee.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.09% (6.18%*) |
|
6.09% (6.18%*) |
|
6.09% (6.17%*) |
|
n/a |
|
6.24% (6.23%*) |
|
n/a |
|
n/a |
|
6.14% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
none |
|
60.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.09% (6.18%*) |
|
6.09% (6.18%*) |
|
6.09% (6.17%*) |
|
n/a |
|
6.24% (6.23%*) |
|
n/a |
|
n/a |
|
6.14% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
60.00% |
|
70.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.09% (6.18%*) |
|
6.09% (6.18%*) |
|
6.09% (6.17%*) |
|
n/a |
|
6.24% (6.23%*) |
|
n/a |
|
n/a |
|
6.14% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
70.00% |
|
80.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
Available for NHFIC Guarantee Loans. |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.29% (6.43%*) |
|
6.29% (6.42%*) |
|
6.29% (6.41%*) |
|
n/a |
|
6.44% (6.46%*) |
|
n/a |
|
n/a |
|
6.39% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
80.00% |
|
90.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.49% (6.68%*) |
|
6.49% (6.66%*) |
|
6.49% (6.65%*) |
|
n/a |
|
6.64% (6.69%*) |
|
n/a |
|
n/a |
|
6.65% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
90.00% |
|
95.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.29% (6.38%*) |
|
6.29% (6.38%*) |
|
6.29% (6.37%*) |
|
n/a |
|
6.54% (6.47%*) |
|
n/a |
|
n/a |
|
6.34% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
none |
|
60.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.29% (6.38%*) |
|
6.29% (6.38%*) |
|
6.29% (6.37%*) |
|
n/a |
|
6.54% (6.47%*) |
|
n/a |
|
n/a |
|
6.34% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
60.00% |
|
70.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.29% (6.38%*) |
|
6.29% (6.38%*) |
|
6.29% (6.37%*) |
|
n/a |
|
6.54% (6.47%*) |
|
n/a |
|
n/a |
|
6.34% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
70.00% |
|
80.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.49% (6.40%*) |
|
6.49% (6.33%*) |
|
6.49% (6.35%*) |
|
n/a |
|
6.74% (6.39%*) |
|
n/a |
|
n/a |
|
6.34% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
none |
|
60.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.49% (6.40%*) |
|
6.49% (6.37%*) |
|
6.49% (6.43%*) |
|
n/a |
|
6.74% (6.41%*) |
|
n/a |
|
n/a |
|
6.34% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
60.00% |
|
70.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.49% (6.40%*) |
|
6.49% (6.41%*) |
|
6.49% (6.43%*) |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
6.34% p.a. |
$595.00 |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$250.00 |
$10,000 |
|
none |
|
70.00% |
|
80.00% |
Weekly, Fortnightly, Monthly |
|
yes - up to $30,000 for the term of the fixed rate loan. |
|
yes |
|
no |
|
none |
|
yes |
|
no |
|
none |
|
none |
|
none |
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.
Fixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
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.