Bank Australia Premium Home Loan

The details shown below are for an owner occupier taking out a principal & interest loan of at least $100,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest loan of at least $100,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $100,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $100,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $100,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $100,000

4.82% p.a.

4.86% p.a.

$0.00

Bank Australia Premium Home Loan

4.82% p.a.

4.86% p.a.

$0.00

5.17% p.a.

5.21% p.a.

$0.00

Bank Australia Premium Home Loan

5.17% p.a.

5.21% p.a.

$0.00

5.37% p.a.

5.42% p.a.

$0.00

Bank Australia Premium Home Loan

5.37% p.a.

5.42% p.a.

$0.00

Details

Rates and fees information correct as at 16 June 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 4.82% p.a.

  • n/a

  • 0 Months

  • none

  • 4.86% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $595.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $250.00

Other financial bits
  • $100,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - optional, $8 per month

  • 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.

Details

Rates and fees information correct as at 16 June 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 5.17% p.a.

  • n/a

  • 0 Months

  • none

  • 5.21% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $595.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $250.00

Other financial bits
  • $100,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - optional, $8 per month

  • 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.

Details

Rates and fees information correct as at 16 June 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 5.37% p.a.

  • n/a

  • 0 Months

  • none

  • 5.42% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $595.00

  • $0.00

  • $0.00

  • $0.00

  • none

  • $0.00

  • $250.00

Other financial bits
  • $100,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes - optional, $8 per month

  • 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.

Customer Reviews

How are Bank Australia home loans rated by the Mozo community?

Overall customer rating
7.8/10
Price
7.8/10
Features
7.1/10
Customer service
7.7/10
Convenience
7.2/10
Trust
7.8/10

Latest reviews of Bank Australia Premium Home Loan

  • Overall
    10/10
    Personal, environmental and responsible

    bankmecu provides personal service, even over the phone. Walk into the bank and they will...

    bankmecu provides personal service, even over the phone. Walk into the bank and they will recognise you then recognise your children when they open their accounts. They are responsible - will do their best to help you secure a loan but not if they do not think you can service it. bankmecu offers greenloans and puts back into the environment. Currently put 100 hectares in Victoria to replant and save endangered species in the area. If a mistake is made, they will fix it.

    Price
    10/10
    Features
    6/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    10/10

    Debbie | Queensland

    reviewed over 4 years ago

  • Overall
    9/10
    Escape the tyranny of the big banks!

    I love bankmecu. They are customer owned (not out to make big $$$ from you) and have a social...

    I love bankmecu. They are customer owned (not out to make big $$$ from you) and have a social and environmental conscience. Plus they offer great rates and great products. Escape the tyranny of the big banks!

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    8/10

    Paul | Victoria

    reviewed almost 5 years ago

  • Overall
    9/10
    Ethical and awesome!

    In a week where Oxfam has slammed the BIG 4 banks (yes, all of them!) for their involvement in...

    In a week where Oxfam has slammed the BIG 4 banks (yes, all of them!) for their involvement in land grabs, illegal logging, environmental destruction etc, my bank had an article on its web blog talking about the humane treatment of asylum seekers! I know I have made the right call to ditch the big banks Awesome customer service also!

    Price
    10/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10

    Dave | Queensland

    reviewed about 5 years ago

  • Overall
    9/10
    Great ethos, great service

    A HUGE breath of fresh air after many years with big banks. Just knowing that our money is not...

    A HUGE breath of fresh air after many years with big banks. Just knowing that our money is not feeding corporate greed and contributing to massive profits for the fat cats is liberating. The personal service offered by MECU is like nothing I have ever had from a financial institution before, and their ethical banking stance just makes me feel HAPPY :-)

    Price
    10/10
    Features
    7/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    10/10

    Dave | Queensland

    reviewed over 5 years ago

  • Overall
    9/10
    Competitive, treated like a customer not a number

    My husband and I have been with Bank MECU through several reincarnations, way back in the days...

    My husband and I have been with Bank MECU through several reincarnations, way back in the days when it was Outlook Credit Union. When we lived close to a branch we always found the staff friendly and their level of knowledge excellent. We've relocated interstate where there is no Bank MECU office however we still find it simple to do business via internet banking, transacting via Australia Post and utilising Reditellers and the telephone when have a need to speak directly to a person. The level of personal customer service is excellent and the range of products offered is always on a par or better than the "big 4 banks".

    Price
    8/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    9/10

    Name not supplied | Northern Territory

    reviewed over 5 years ago

Bank Australia

About Bank Australia

Bank Australia is a customer owned bank. Formerly bankmecu, Bank Australia has over 130,000 customers which act as shareholders of the bank. It offers a full range of products including home loans, savings, credit cards and loan products, and because its shareholders are its customers, they benefit from lower rate and fees. Bank Australia also invests up to 4% of its profits in various community projects every year.

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3.76% p.a.

3.77% p.a.

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3.99% p.a.

4.15% p.a.

$450

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3.79% p.a.

3.79% p.a.

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Greater Bank

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3.57% p.a.

3.59% p.a.

$180

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3.24% p.a.
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3.88% p.a.

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3.48% p.a.
fixed 3 years

3.85% p.a.

$520

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3.39% p.a.
fixed 3 years

4.41% p.a.

$450

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Tic:Toc

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n/a

n/a

$0

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Macquarie

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3.59% p.a.
fixed 3 years

3.49% p.a.

$0

Promoted

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3.24% p.a.
fixed 3 years

3.88% p.a.

$395

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3.62% p.a.
fixed 3 years

4.33% p.a.

$195

Promoted

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3.74% p.a.
fixed 3 years

3.95% p.a.

$0

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3.28% p.a.

3.30% p.a.

$0.00

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Athena

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3.34% p.a.

3.30% p.a.

$0.00

Promoted

Tic:Toc

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Variable Home Loan

3.27% p.a.

3.28% p.a.

$0.00

Promoted

Hume Bank

Hume Bank

Flexi Low Rate

3.79% p.a.

3.79% p.a.

$0.00

Promoted

ME

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3.97% p.a.

3.99% p.a.

$0.00

Promoted

Bank Australia

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3.76% p.a.

3.77% p.a.

$0.00

Promoted

Mortgage House

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Red Home Loan - Early Bird Special

3.29% p.a.

3.36% p.a.

$0.00

Promoted

Homestar

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Star Essentials Home Loan

3.24% p.a.

3.25% p.a.

$0.00

*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.