based on 143 Bank of us banking product reviews as rated by Mozo community

Bank of us home loans

Bank of us, formerly known as B&E Personal Banking, is one of Tasmania’s last locally owned financial institutions, and has strong roots in the community. It started life way back in 1870, and has promoted the value of home ownership and thriftiness ever since. Read on to see what home loans are on offer from Bank of us to help Aussies own their homes today.

What home loans do Bank of us offer?

Rates and fees verified as correct at 05 August, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

If you’re after the security of fixed rates when you go to buy your home, check out Bank of us’ fixed rate home loan offers. You can borrow up to 95% of the property’s value but keep in mind you’ll pay an application fee if you're a borrower under the First Home Loan Deposit Scheme and an ongoing service fee if you're an investor. In terms of features, you’ll have the chance to make unlimited free extra repayments and to redraw funds, although fees and a minimum amount apply. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

2.29% p.a.

2.70% p.a.

$0.00

$350

2.39% p.a.

3.01% p.a.

$0.00

$1,250

2.19% p.a.

2.45% p.a.

$0.00

$350

2.49% p.a.

4.53% p.a.

$10.00 monthly

$350

2.39% p.a.

4.50% p.a.

$10.00 monthly

$350

4.38% p.a.

5.08% p.a.

$10.00 monthly

$1,250

Variable Rate Home Loans

There are a number of different variable rate home loan options from Bank of us which allow you to borrow up to 95% of the property’s price. All variable rate offers also come with unlimited free extra repayments and a redraw facility, although fees and a minimum amount apply to the latter. The Topline home loan also gives you the use of an offset account while the FlexiDiscount for first home buyers comes with the ability to split between fixed and variable rates. Depending which offer you choose, you might pay for a few upfront fees. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

2.79% p.a.

2.82% p.a.

$0.00

$350

2.49% p.a.

2.52% p.a.

$0.00

$350

3.10% p.a.

3.19% p.a.

$0.00

$1,250

3.29% p.a.

3.32% p.a.

$0.00

$350

3.19% p.a.

3.22% p.a.

$0.00

$350

3.99% p.a.

4.08% p.a.

$0.00

$1,250

2.79% p.a.

2.96% p.a.

$10.00 monthly

$350

3.49% p.a.

3.69% p.a.

$10.00 monthly

$1,250

3.39% p.a.

3.57% p.a.

$10.00 monthly

$350

3.49% p.a.

3.52% p.a.

$0.00

$350

2.89% p.a.

2.92% p.a.

$0.00

$350

3.59% p.a.

3.68% p.a.

$0.00

$1,250

Bank of us home loan features in a glance

Offset icon

Offset account

Depending on which Bank of us variable loan you go with, you could have the use of an offset account to help keep interest costs down.

Free icon

Unlimited free extra repayments

Pay off your home loan faster by making free additional repayments. Just keep in mind, if you pay your whole loan off before the fixed term is up, there could be early break fees.

Schedule icon

Flexible repayment schedule

Make your repayments weekly, fortnightly or monthly - whatever will suit your budget best.

How are Bank of us home loans rated?

Mozo users have rated Bank of us home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Bank of us home loans
Overall
Price
Features
Customer service
Convenience
Trust

26 Reviews

Recent Bank of us home loan reviews

Bank of us Home Loan
Overall 10/10
Excellent products

Awesome people at branch and great bank

Read full review

Awesome people at branch and great bank

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Cheree, Tasmania, reviewed over 5 years ago
Bank of us Home Loan
Overall 10/10
Friendly helpful staff

B&E is the best bank in Australia because of the friendly staff who go out of their way to serve you with a smile and they even know my name! Their interest rates are fabulous and they talk to you in an easy to understand manner and nothing is too much trouble to explain. We have been with B&E for over 40 years and would never consider changing to any other bank!

Read full review

B&E is the best bank in Australia because of the friendly staff who go out of their way to serve you with a smile and they even know my name! Their interest rates are fabulous and they talk to you in an easy to understand manner and nothing is too much trouble to explain. We have been with B&E for over 40 years and would never consider changing to any other bank!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Joanne, Tasmania, reviewed about 6 years ago
Bank of us Topline
Overall 10/10
Best interest rates & service

This bank is small enough to tailor their loans to the individual borrower. I have had bank accounts with the "big four" banks, but none could provide the individual service like B&E. I walk in the door and am greeted by my name. With Westpac and NAB, every time I enter the bank, the staff are different to the last time I visited. I am not recognised, I am just a number on a computer! If I ask for something a little different to their standard product line, no-one seems to have enough authority to approve and am told to return another day when someone else will be there. At B&E the comment was "what a great idea! We can organise that straight away". The branch manager has the authority to approve deals,without having to refer to higher authority.

Read full review

This bank is small enough to tailor their loans to the individual borrower. I have had bank accounts with the "big four" banks, but none could provide the individual service like B&E. I walk in the door and am greeted by my name. With Westpac and NAB, every time I enter the bank, the staff are different to the last time I visited. I am not recognised, I am just a number on a computer! If I ask for something a little different to their standard product line, no-one seems to have enough authority to approve and am told to return another day when someone else will be there. At B&E the comment was "what a great idea! We can organise that straight away". The branch manager has the authority to approve deals,without having to refer to higher authority.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Elvin, Tasmania, reviewed over 6 years ago
Bank of us Home Loan
Overall 10/10
Excellent all round service, clear and concise

To be addressed by name and greeted with a smile makes me feel valued and appreciated. The ladies at the counter are always cheerful and helpful. Always willing to help and explain any questions. The manager is fantastic and always helpful and considerate. Online banking is great and I just love my bank.

Read full review

To be addressed by name and greeted with a smile makes me feel valued and appreciated. The ladies at the counter are always cheerful and helpful. Always willing to help and explain any questions. The manager is fantastic and always helpful and considerate. Online banking is great and I just love my bank.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Caroline, Tasmania, reviewed almost 7 years ago
Bank of us Topline
Overall 10/10
Awesome personal service

My local branch has the best staff and nothing is too much trouble on any enquiry we have had, I would never use one of the 4 big banks again as this is the best personal service you could receive. They even follow up a few months down the track to see if you are happy with the way things are going and if you need any further help.

Read full review

My local branch has the best staff and nothing is too much trouble on any enquiry we have had, I would never use one of the 4 big banks again as this is the best personal service you could receive. They even follow up a few months down the track to see if you are happy with the way things are going and if you need any further help.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Kim, Tasmania, reviewed about 7 years ago

What do you need to apply for a Bank of us home loan?

You can apply for a Bank of us home loan either in a branch or online. Here’s what you’ll need:

  • Identification documents - Photo ID is best, but birth certificates and Medicare cards can also be used
  • Proof of income - such as payslips, group certificates or a letter from your employer
  • Details of any other income - things like shares, investments or rental properties
  • Details on your financial situation - including savings, assets, debts, super and ongoing expenses.

Home loan quick links