Take out the fixed rate home loan offer from Hume Bank, and you can borrow up to 97% of the property’s value. To pay your loan off quicker, you can also make up to 25% of the loan amount in free extra repayments. Plus, if you need some of those funds back, you can take advantage of the free redraw facility (minimum applies). Just remember to budget for the upfront application and settlement fees.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.49% p.a. |
6.28% p.a. |
$0.00 |
$0 |
||
|
6.54% p.a. |
6.58% p.a. |
$0.00 |
$0 |
||
|
6.59% p.a. |
6.94% p.a. |
$0.00 |
$0 |
||
|
6.44% p.a. |
6.23% p.a. |
$0.00 |
$0 |
||
|
6.04% p.a. |
6.15% p.a. |
$0.00 |
$0 |
||
|
6.14% p.a. |
6.46% p.a. |
$0.00 |
$0 |
||
|
6.19% p.a. |
6.83% p.a. |
$0.00 |
$0 |
||
|
5.99% p.a. |
6.10% p.a. |
$0.00 |
$0 |
||
|
6.34% p.a. |
6.41% p.a. |
$0.00 |
$0 |
||
|
6.44% p.a. |
6.72% p.a. |
$0.00 |
$0 |
||
|
6.29% p.a. |
6.33% p.a. |
$0.00 |
$0 |
||
|
6.24% p.a. |
6.38% p.a. |
$0.00 |
$0 |
||
|
6.34% p.a. |
6.70% p.a. |
$0.00 |
$0 |
||
|
6.19% p.a. |
6.30% p.a. |
$0.00 |
$0 |
Like the fixed rate alternative, Hume Bank’s variable rate home loans allow you to borrow up to 97% of the property’s value. In terms of flexible features, you’ll have unlimited free extra repayments, access to a free redraw facility (minimum applies) and the use of an offset account on some offers. You’ll also have the option to split your loan between fixed and variable rates. Keep in mind, there are application and settlement fees to consider.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.64% p.a. |
6.65% p.a. |
$0.00 |
$199 |
||
|
7.05% p.a. |
7.06% p.a. |
$0.00 |
$199 |
||
|
7.29% p.a. |
7.30% p.a. |
$0.00 |
$199 |
||
|
6.59% p.a. |
6.60% p.a. |
$0.00 |
$199 |
||
|
5.99% p.a. |
6.00% p.a. |
$0.00 |
$199 |
||
|
6.29% p.a. |
6.30% p.a. |
$0.00 |
$199 |
||
|
6.89% p.a. |
6.90% p.a. |
$0.00 |
$199 |
||
|
5.94% p.a. |
5.95% p.a. |
$0.00 |
$199 |
||
|
6.80% p.a. |
6.80% p.a. |
$0.00 |
$0 |
||
|
7.19% p.a. |
7.19% p.a. |
$0.00 |
$0 |
||
|
7.69% p.a. |
7.69% p.a. |
$0.00 |
$0 |
||
|
6.74% p.a. |
6.74% p.a. |
$0.00 |
$0 |
||
|
6.19% p.a. |
6.19% p.a. |
$0.00 |
$0 |
||
|
6.59% p.a. |
6.59% p.a. |
$0.00 |
$0 |
||
|
7.09% p.a. |
7.09% p.a. |
$0.00 |
$0 |
||
|
6.14% p.a. |
6.14% p.a. |
$0.00 |
$0 |
||
|
6.49% p.a. |
6.50% p.a. |
$0.00 |
$199 |
||
|
6.89% p.a. |
6.90% p.a. |
$0.00 |
$199 |
||
|
6.40% p.a. |
6.41% p.a. |
$0.00 |
$199 |
||
|
6.24% p.a. |
6.25% p.a. |
$0.00 |
$199 |
||
|
6.64% p.a. |
6.65% p.a. |
$0.00 |
$199 |
||
|
6.14% p.a. |
6.15% p.a. |
$0.00 |
$199 |
||
|
6.69% p.a. |
6.69% p.a. |
$0.00 |
$0 |
||
|
7.19% p.a. |
7.19% p.a. |
$0.00 |
$0 |
||
|
6.64% p.a. |
6.64% p.a. |
$0.00 |
$0 |
||
|
6.44% p.a. |
6.44% p.a. |
$0.00 |
$0 |
||
|
6.84% p.a. |
6.84% p.a. |
$0.00 |
$0 |
||
|
6.34% p.a. |
6.34% p.a. |
$0.00 |
$0 |
Pay off your mortgage quicker by making free extra repayments. But remember that while these additional repayments are unlimited on variable rate offers, they’re capped at 25% of your loan amount for fixed rate options.
Choose a variable rate home loan from Hume Bank and you can park your savings in an offset account to keep interest costs low.
Struggling to save up a home loan deposit? It won’t be a problem with Hume Bank offering home loans with LVRs as high as 97%. Just remember that with an LVR above 80%, you’ll also need to shell out for Lender’s Mortgage Insurance.
Opt for a Hume Bank home loan package and you can also snag a credit card with no annual fee, and discounts on your car and home insurance.
Mozo users have rated Hume Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
22 Reviews
A local bank that returns profits to the local region. Focussed on excellent customer service, and returning benefits to the local community and the people that bank with them. Yet, still big enough to invest in great technology and customer service offerings at very competitive rates across the board.
Read full reviewA local bank that returns profits to the local region. Focussed on excellent customer service, and returning benefits to the local community and the people that bank with them. Yet, still big enough to invest in great technology and customer service offerings at very competitive rates across the board.
Hume Bank offers low fees and I like that they are also community owned.
Read full reviewVery competitive rates, features, and customer service .
Read full reviewVery competitive rates, features, and customer service .
they are the best
Read full reviewthey are the best
I have had a mortgage with the fabulous Hume Bank for 14 years. They offer a seriously competitive rate and there's a borrow back scheme if I get in front with my payments (which I used to more than once). It was clearly explained to me that this was a very cost-efficient saving technique. Also, when my work conditions got tough, it was really simple for me to move to an interest-only payment for a few months until things improved. Best of all, the level of service was absolutely outstanding: tellers remember my name, interviews are always relaxed, phone contact is quick, direct and always personal. I couldn't recommend Hume Bank highly enough.
Read full reviewI have had a mortgage with the fabulous Hume Bank for 14 years. They offer a seriously competitive rate and there's a borrow back scheme if I get in front with my payments (which I used to more than once). It was clearly explained to me that this was a very cost-efficient saving technique. Also, when my work conditions got tough, it was really simple for me to move to an interest-only payment for a few months until things improved. Best of all, the level of service was absolutely outstanding: tellers remember my name, interviews are always relaxed, phone contact is quick, direct and always personal. I couldn't recommend Hume Bank highly enough.
When you’re ready to apply for a home loan with Hume Bank, there are a few things you can have prepared to make things easier. These include: