The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $1,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $1,000,000 with an LVR below 90%
The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $1,000,000 with an LVR below 98%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $150,000 | $1,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $150,000 | $1,000,000 |
| | Owner Occupier | Principal & Interest | 90%-98% | $150,000 | $1,000,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $150,000 $1,000,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $150,000 $1,000,000
Owner Occupier (Principal & Interest)
LVR 90%-98%
Loan: $150,000 $1,000,000
The First Rate Home Loan from Bank First comes with competitive variable rates from 2.84% (2.89% comparison rate*), plus a number of additional features including free extra repayments and a redraw facility. If you’re a first home buyer you also won’t have to spring for the application fee.
Bank First’s First Rate Home Loan offers competitive variable rates from 2.84% (2.89% comparison rate*) for owner occupiers with an LVR below 80% on loans between $150,000 and $1,000,000. There are also slightly higher rates available to borrowers with higher LVRs (or lower deposits). Just remember a higher LVR may mean that you'll be required to pay for lenders mortgage insurance.
Borrowers will be able to opt to make repayments on a weekly, fortnightly or monthly basis, so you won't have to worry about your mortgage being out of sync with your lifestyle and income. You can also make extra repayments at no additional cost and the redraw facility means that if your circumstances change and those repayments could be better served back in your pocket, you can easily retrieve them. Just keep in mind there’s a minimum redraw amount of $500.
There’s also a $300 application fee, $400 settlement fee and a $395 discharge fee. But anyone taking their first steps on the property ladder will be happy to hear the application fee will be waived for first home buyers.
This home loan could suit anyone looking for a relatively low-rate mortgage with plenty of built-in flexibility. First home buyers in particular will appreciate the low rate, lack of application fee, and the maximum LVR of 98%.
Don't forget that if you plan to make use of the redraw facility the minimum amount you can redraw is $500.
2.84% p.a.
n/a
n/a
n/a
2.89% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$400.00
n/a
$0.00
$395.00
$150,000
$1,000,000
none
80.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$500.00
yes
no
none
Application fee waived for first home buyers.
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.
3.04% p.a.
n/a
n/a
n/a
3.09% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$400.00
n/a
$0.00
$395.00
$150,000
$1,000,000
80.00%
90.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$500.00
yes
no
none
Application fee waived for first home buyers.
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.
3.14% p.a.
n/a
n/a
n/a
3.19% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$300.00
$0.00
$0.00
$400.00
n/a
$0.00
$395.00
$150,000
$1,000,000
90.00%
98.00%
Owner Occupier
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes
$500.00
yes
no
98% LVR available only to first home buyers, otherwise maximum LVR is 95%.
Application fee waived for first home buyers.
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.
I have to work hard at it but they will match any bank interest home loan rate I find.
Read full reviewI have to work hard at it but they will match any bank interest home loan rate I find.
Formerly Victoria Teachers Mutual Bank, Bank First is an award winning financial institution with a competitive range of banking products including personal loans, home loans, term deposits and savings accounts. Founded by Australian educators in 1972, Bank First offers all Australians outstanding value but doesn't compromise on service or quality. Best of all, Bank First customers become equal shareholders which means all the benefits are directly returned to you.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
Bank of Queensland
Fixed Rate
1.94% p.a.
fixed 3 years
2.97% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
Homestar
Star Classic Fixed Home Loan
n/a
n/a
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.89% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% 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.
