Formerly a credit union trading under the name Community CPS Australia, Beyond Bank has been one of Australia’s fastest growing customer owned banks since 2013.
Right now, Beyond Bank provides personal and business banking services as well as financial planning advice to over 195,000 customers. Beyond Bank operates across almost 50 branches nationwide and customers enjoy access to over 3,000 rediATMs.
Rates and fees verified as correct at 18 November, 2019. Other information correct at the time of writing.
With a fixed home loan from Beyond Bank, you can lock in your interest rate for a period of 1 year up to 5 years with a Fixed Home Loan from Beyond Bank. The fixed rate is available on home loans starting from $10,000 and Beyond Bank allows you to borrow up to 95% of the property’s value. There are plenty of flexible repayment options which will take the stress out of paying off your home loan including interest only payments of up 5 years, repayment holidays (subject to approval) and the ability to make additional repayments of up to $25,000 each year. You’ll also have the opportunity to save on your interest payments with the help of a 100% mortgage offset account when you choose to fix your rate for 1 year.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.24% p.a. | 4.34% p.a. | $395.00 yearly | $0 | ||
| 4.04% p.a. | 4.79% p.a. | $0.00 | $645 | ||
| 3.84% p.a. | 4.52% p.a. | $0.00 | $645 |
Owner occupiers and investors can pick between two Beyond Bank variable home loans; a basic, no frills option on loans starting from $150,000 and a standard variable rate which is available for loans from $10,000. With a variable home loan from Beyond Bank, you can tailor your repayment options to suit your day to day finances via extra repayment flexibility, repayment holidays and your choice of a weekly, fortnightly or monthly repayment cycle. The basic option comes with a monthly service fee but if you’re a first home buyer, you won’t be charged an establishment fee. Beyond Bank’s standard variable option also has a number of competitive features including a 100% mortgage offset account and no monthly account keeping fees.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.29% p.a. | 4.47% p.a. | $11.00 monthly | $645 | ||
| 4.00% p.a. | 4.18% p.a. | $11.00 monthly | $645 | ||
| 3.33% p.a. | 3.33% p.a. | $0.00 | $0 | ||
| 4.99% p.a. | 5.04% p.a. | $0.00 | $645 | ||
| 4.70% p.a. | 4.75% p.a. | $0.00 | $645 |
There are two fixed home loan packages from Beyond Bank which you may be eligible to apply for depending on your loan balance. With the Pinnacle +Plus Package from Beyond Bank, you can choose a fixed term of 1 year up to a period of 5 years on loans starting from $200,000. The Pinnacle +Plus Package offers an above average level of flexible features including a redraw facility (fees apply), repayment holidays and an extra repayments facility (up to $25,000 p.a.). If you opt for a 1 year fixed term, you’ll also be able to make full use of an offset account. There are a number of additional benefits you may be eligible for when you sign up for this package in the form of waived transaction account fees, interest rate discounts on car and personal loans as well as bonus rates on term deposits. Suitable for loans starting from $50,000, Beyond Bank’s Fixed Rate Total Home Loan Package is also packed with flexible repayment features (i.e. extra repayments, redraw facility and an offset account) but there is a yearly service fee to consider.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.79% p.a. | 4.91% p.a. | $395.00 yearly | $0 | ||
| 3.29% p.a. | 4.56% p.a. | $395.00 yearly | $0 | ||
| 2.89% p.a. | 4.25% p.a. | $395.00 yearly | $0 | ||
| 3.89% p.a. | 4.71% p.a. | $0.00 | $200 | ||
| 4.19% p.a. | 5.01% p.a. | $0.00 | $200 | ||
| 3.69% p.a. | 4.45% p.a. | $0.00 | $200 | ||
| 3.59% p.a. | 4.64% p.a. | $395.00 yearly | $0 | ||
| 3.89% p.a. | 4.93% p.a. | $395.00 yearly | $0 | ||
| 3.39% p.a. | 4.39% p.a. | $395.00 yearly | $0 |
The Standard Variable Home Loan Pinnacle +Plus Package from Beyond Bank is available on loans starting from $200,000 and allows you to borrow up to 95% of the property’s value. Principal and interest and interest only repayments are available as well as a bundle of other flexible features including an extra repayment facility and repayment holidays. There are no application or ongoing service fees when you sign up for Beyond Bank’s Standard Variable Package and you’ll have every opportunity to save money by taking advantage of the offset account and additional package benefits (i.e. waived transaction account fees, fee and interest rate discounts on car and personal loans and bonus rates on term deposits). Beyond Bank’s Variable Rate Total Home Loan Package is suited to homeowners with loans from $50,000. There is a yearly service fee to consider but you won’t miss out on heaps of competitive features like an offset account, an extra repayment facility and a free redraw facility.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.79% p.a. | 4.81% p.a. | $0.00 | $200 | ||
| 4.49% p.a. | 4.51% p.a. | $0.00 | $200 | ||
| 4.20% p.a. | 4.22% p.a. | $0.00 | $200 | ||
| 4.29% p.a. | 4.31% p.a. | $0.00 | $200 | ||
| 3.99% p.a. | 4.01% p.a. | $0.00 | $200 | ||
| 3.79% p.a. | 3.81% p.a. | $0.00 | $200 | ||
| 4.19% p.a. | 4.59% p.a. | $395.00 yearly | $0 | ||
| 3.90% p.a. | 4.30% p.a. | $395.00 yearly | $0 | ||
| 3.78% p.a. | 4.19% p.a. | $395.00 yearly | $0 | ||
| 3.58% p.a. | 3.99% p.a. | $395.00 yearly | $0 | ||
| 3.45% p.a. | 3.86% p.a. | $395.00 yearly | $0 | ||
| 3.15% p.a. | 3.56% p.a. | $395.00 yearly | $0 |
Beyond Bank’s All in One Home Loan is a line of credit home loan that gives you access to the equity in your home for everything from investment opportunities to everyday expenses. This loan is available from $10,000 and allows you borrow up to 90% of your property’s value. Similar to other line of credit loans, there is no monthly service fee and no set principal repayments but interest payments on your outstanding balance is due monthly.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee |
|---|---|---|---|---|
| 5.14% p.a. | n/a | $0.00 | $645 | |
| 4.85% p.a. | n/a | $0.00 | $645 |
‡ 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.
| Offset accountOffset account | If the prospect of saving hundreds on interest over the term of your home loan sounds enticing to you then it’s a good idea to consider a home loan with a mortgage offset account such as the standard variable home loan or 1 year fixed rate option from Beyond Bank. |
| Parent EquityParent Equity | Beyond Bank’s Parent Equity option allows you to use the equity that a family member has in their property as security on your loan. |
| 3-month pre-approval3-month pre-approval | Beyond Bank can approve your fixed, variable or line of credit home loan up to three months in advance so you can begin your property search knowing exactly how much you can spend. |
| Interest only paymentsInterest only payments | Just because you’ve decided to lock in a fixed rate doesn’t mean you can’t take advantage of flexible repayment options. For instance, Beyond Bank’s Fixed Home Loan has interest only payment options for up to 5 years. |
Before you settle with a lender, head on over to our home loan review page and check out what real Beyond Bank customers have to say about their home loan.
Franxa, South Australia, reviewed 5 days ago
Easy to deal with, local branch. Phone waiting time is quick.
Easy to deal with, local branch. Phone waiting time is quick.
Connie, Western Australia, reviewed 14 days ago
I have been with this bank for 38 years now, from when it was named Northern Mine Workers Credit Union to Companion Credit Union and now Beyond Bank. Their service has always been great.
I have been with this bank for 38 years now, from when it was named Northern Mine Workers Credit Union to Companion Credit Union and now Beyond Bank. Their service has always been great.
Brad, New South Wales, reviewed 3 months ago
They are called Beyond Bank but don't go 'Beyond' to help. Worst credit union, never again! High rates for everything. I was forced to sell my home even though we had equity to re-finance. Helping themselves.
They are called Beyond Bank but don't go 'Beyond' to help. Worst credit union, never again! High rates for everything. I was forced to sell my home even though we had equity to re-finance. Helping themselves.
Joanne, South Australia, reviewed almost 2 years ago
They are friendly and did everything possible to help my partner and I in buying our home 3 years ago.
They are friendly and did everything possible to help my partner and I in buying our home 3 years ago.
Geraldine, South Australia, reviewed over 2 years ago
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If you want to apply for a Beyond Bank home loan, you’ll need to complete an online application form. Before you get started, it’s a good idea to get the following information ready:
