Hume Bank home loans

Hume Bank
Hume Bank's overall rating for home loans

(as rated by the Mozo community)

9.0 / 10

based on 4 reviews

Hume Bank has been promoting community values, friendly service, and customer convenience for over 60 years, as it strives to bring great banking products to Aussies. Check out the competitive home loans on offer below.

Rates and fees verified as correct at 10 December, 2016. Other information correct at the time of writing.

What home loans do Hume Bank offer?

Fixed Rate Home Loans Fixed Rate Home Loans

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.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.34% p.a.

5.13% p.a.

$0.00

$750

4.09% p.a.

4.88% p.a.

$0.00

$750


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Variable Rate Home Loans Variable Rate Home Loans

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.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.80% p.a. fixed for 12 months and then 5.10%

5.03% p.a.

$0.00

$750

3.95% p.a. variable for 24 months and then 4.70%

4.62% p.a.

$0.00

$750

3.70% p.a. variable for 24 months and then 4.45%

4.37% p.a.

$0.00

$750

4.70% p.a.

4.75% p.a.

$0.00

$750

4.45% p.a.

4.50% p.a.

$0.00

$750

5.35% p.a.

5.40% p.a.

$0.00

$750

5.10% p.a.

5.15% p.a.

$0.00

$750


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Fixed Package Home Loan Fixed Package Home Loan

Love bundling perks and a set monthly budget? Then check out the Hume Bank fixed rate home loan package. You can borrow up to 95% of the property’s value, plus make free extra repayments worth up to 25% of the loan amount. You’ll also have access to a free redraw facility (minimum applies). As for the package benefits - you can grab discounts on home and car insurance, plus a credit card with no annual fee. But don’t forget there are upfront settlement and yearly service fees to budget for.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.24% p.a.

4.74% p.a.

$375.00 yearly

$150

4.24% p.a.

4.67% p.a.

$375.00 yearly

$150

4.24% p.a.

4.59% p.a.

$375.00 yearly

$150

3.99% p.a.

4.49% p.a.

$375.00 yearly

$150

3.99% p.a.

4.42% p.a.

$375.00 yearly

$150

3.99% p.a.

4.35% p.a.

$375.00 yearly

$150


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Variable Package Home Loan Variable Package Home Loan

If you want flexibility plus a great deal on a range of banking products, look no further than the variable rate package from Hume Bank. Borrow up to 95% of the property’s value with this loan, and remember that you can make unlimited free extra repayments. You also have the use of an offset account and a free redraw facility (minimum applies). Just don’t forget to take the settlement and yearly service fee into account. In terms of package perks, you’ll be able to cash in on an annual fee free credit card, plus discounts on car and home insurance.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.70% p.a. fixed for 12 months and then 4.15%

4.49% p.a.

$375.00 yearly

$150

4.40% p.a.

4.78% p.a.

$375.00 yearly

$150

4.30% p.a.

4.68% p.a.

$375.00 yearly

$150

4.20% p.a.

4.58% p.a.

$375.00 yearly

$150

4.15% p.a.

4.53% p.a.

$375.00 yearly

$150

4.05% p.a.

4.44% p.a.

$375.00 yearly

$150

3.95% p.a.

4.34% p.a.

$375.00 yearly

$150


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Hume Bank home loan features in a glance

Free extra repaymentsFree extra repayments

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.

Offset accountOffset account

Choose a variable rate home loan from Hume Bank and you can park your savings in an offset account to keep interest costs low.

Low depositLow deposit

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.

Package perksPackage perks

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.

How are Hume Bank home loans rated?

Find out how Hume Bank home loan products stack up in terms of things like customer service, trust and convenience in our handy customer review section.

Hume Bank home loans

Overall 9.0*

Price

Features

Customer service

Convenience

Trust

4 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Hume Bank home loan reviews Recent Hume Bank home loan reviews

Hume Bank

Hume Bank home loan review

Overall rating   7 / 10

Very good

Very competitive rates, features, and customer service .

Full review

Very competitive rates, features, and customer service .

    Price   6 / 10

    Features   6 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Rick (NSW), reviewed over 1 year ago

Hume Bank

Hume Bank 1 Year Introductory Rate Home Loan (Owner Occupier) (Property Package) home loan review

Overall rating   10 / 10

Outstanding product and superb personal service

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...

Full review

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.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Olwen (NSW), reviewed over 2 years ago

Hume Bank

Hume Bank home loan review

Overall rating   9 / 10

Wide variety, low fees

I love my bank. They aren't a "big 4" but they look after "little me" - flexible affordable service, huge variety to suit everyone's needs. How many banks do you know that pass on full interest rate cuts to home loans? Who else pays you to get...

Full review

I love my bank. They aren't a "big 4" but they look after "little me" - flexible affordable service, huge variety to suit everyone's needs. How many banks do you know that pass on full interest rate cuts to home loans? Who else pays you to get cash out? Who pays your ATM fees on your behalf? I know someone!

    Price   10 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Mel (QLD), reviewed over 2 years ago

Hume Bank

Hume Bank home loan review

Overall rating   10 / 10

Unbeatable customer service

Their customer service is flawless! Right from the start they have been so helpful as I had no idea about home loans so they helped me through it step by step . They set me up with an offset account which suits my situation perfectly. I do a lot...

Full review

Their customer service is flawless! Right from the start they have been so helpful as I had no idea about home loans so they helped me through it step by step . They set me up with an offset account which suits my situation perfectly. I do a lot of traveling and I've had to call a few times from overseas for different reasons and each time the phone is answers by a person0, no holding, no push buttons for which department I want. And they have resolved my predicament every single time!

    Price   8 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Mozo reviewer (NSW), reviewed over 3 years ago

Hume Bank

Hume Bank Standard Variable Home Loan (Owner Occupier) home loan review

Overall rating   10 / 10

Great customer service and great rates

No account fees on your other accounts and the interest rate is fantastic. Their customer service is brilliant. Always happy and willing to help and answer any question. Their prompt work in the fraud department is fantastic.

Full review

No account fees on your other accounts and the interest rate is fantastic. Their customer service is brilliant. Always happy and willing to help and answer any question. Their prompt work in the fraud department is fantastic.

    Price   8 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Mozo reviewer (NSW), reviewed over 3 years ago

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ 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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

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

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:

  • 2 recent payslips
  • Your last group certificate or tax return
  • A letter of employment, including your salary
  • A list of your savings or other income sources (such as a rental property)
  • A list of any other debts or expenses (such as credit card debt)
  • If you’re new to Hume Bank, I.D.

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