9.0 / 10

based on 178 reviews as rated by Mozo community

Hume Bank home loans

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.

What home loans do Hume Bank offer?

Rates and fees verified as correct at 26 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

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 ‡

p.a.

n/a

$0.00

$750

3.69% p.a.

4.25% p.a.

$0.00

$750

2.39% p.a.

3.92% p.a.

$0.00

$750

2.89% p.a.

4.48% p.a.

$0.00

$750

2.69% p.a.

4.43% p.a.

$0.00

$750

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 ‡

2.69% p.a.

2.69% p.a.

$0.00

$750

2.49% p.a.

2.49% p.a.

$0.00

$0

4.20% p.a.

3.97% p.a.

$0.00

$750

3.75% p.a.

3.79% p.a.

$0.00

$750

4.85% p.a.

4.63% p.a.

$0.00

$750

4.40% p.a.

4.44% p.a.

$0.00

$750

3.39% p.a.

3.39% p.a.

$0.00

$750

3.09% p.a.

3.09% p.a.

$0.00

$750

2.99% p.a.

2.99% p.a.

$0.00

$0

4.60% p.a.

4.43% p.a.

$0.00

$750

4.25% p.a.

4.29% p.a.

$0.00

$750

5.35% p.a.

5.19% p.a.

$0.00

$750

5.00% p.a.

5.04% p.a.

$0.00

$750

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 ‡

3.59% p.a.

4.07% p.a.

$375.00 yearly

$150

2.29% p.a.

3.74% p.a.

$375.00 yearly

$150

2.79% p.a.

4.29% p.a.

$375.00 yearly

$150

2.59% p.a.

4.24% p.a.

$375.00 yearly

$150

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 ‡

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

3.70% p.a.

4.09% p.a.

$375.00 yearly

$150

3.60% p.a.

4.00% p.a.

$375.00 yearly

$150

3.50% p.a.

3.90% p.a.

$375.00 yearly

$150

4.65% p.a.

5.02% p.a.

$375.00 yearly

$150

4.55% p.a.

4.93% p.a.

$375.00 yearly

$150

4.45% p.a.

4.83% 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

4.10% p.a.

4.49% p.a.

$375.00 yearly

$150

*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.

‡ 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.

Hume Bank home loan features in a glance

Free icon

Free 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 icon

Offset 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.

Free icon

Low 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.

Image of coins

Package 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?

Mozo users have rated Hume Bank home loan 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
Hume Bank home loans
Overall
9.6/10
Price
Features
Customer service
Convenience
Trust
21 reviews

Recent Hume Bank home loan reviews

Hume Bank Fixed Rate Home Loan review
Overall 8/10
I have banked Hume Bank for 20 years

Hume Bank offers low fees and I like that they are also community owned.

Read full review

Hume Bank offers low fees and I like that they are also community owned.

Price
8/10
Less
Virginia, New South Wales reviewed over 3 years ago
Hume Bank Home Loan review
Overall 7/10
Very good

Very competitive rates, features, and customer service .

Read 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, New South Wales reviewed about 5 years ago
Hume Bank Standard Variable Home Loan review
Overall 10/10
great service

they are the best

Read full review

they are the best

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Adrian, Victoria reviewed over 5 years ago
Hume Bank Fixed Introductory Rate Home Loan (Property Package) review
Overall 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 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 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, New South Wales reviewed over 6 years ago
Hume Bank Home Loan review
Overall 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 cash out? Who pays your ATM fees on your behalf? I know someone!

Read 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, Queensland reviewed over 6 years ago

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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