Regional Australia Bank home loans

Regional Australia Bank
Regional Australia Bank's overall rating for home loans

(as rated by the Mozo community)

8.5 / 10

based on 10 reviews

Regional Australia Bank (previously known as Community Mutual Group) is a member owned lender that has been providing Aussies with finance solutions for over 45 years. When you become a member, you’ll get a say in how your bank is run, so you can be sure you’ll get the home loan experience you want.

Of course, without the big overheads of the major banks, you'll enjoy lower rates and fees when borrowing from this member owned provider.

Rates and fees verified as correct at 19 December, 2018. Other information correct at the time of writing.

What home loans do Regional Australia Bank offer?

Fixed Rate Home Loans Fixed Rate Home Loans

If you’re after a no-frills home loan solution, check out the fixed rate home loan option on offer. You can borrow up to 95% of the property’s value, and choose to make your repayments monthly, fortnightly or weekly. You’ll also get the option to take a repayment holiday, and to split your loan between fixed and variable rates. Keep in mind there is a legal fee to pay upfront.

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

4.44% p.a.

5.75% p.a.

$0.00

$250

4.19% p.a.

5.32% p.a.

$0.00

$250

4.34% p.a.

5.36% p.a.

$0.00

$250

4.09% p.a.

4.94% p.a.

$0.00

$250


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Variable Rate Home Loans Variable Rate Home Loans

For a little more flexibility in your mortgage, opt for a Regional Australia Bank variable rate home loan. Like the fixed rate alternative, you can borrow up to 95% of the property’s value, and you’ll pay an upfront legal fee. You’ll have a bunch of great features, including unlimited free extra repayments, the chance to take a repayment holiday, and the ability to redraw funds, although a minimum applies to this. If you choose the Mortgage Offset option, you'll also have the use of an offset account.

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

4.99% p.a.

5.01% p.a.

$0.00

$250

4.74% p.a.

4.76% p.a.

$0.00

$250

4.59% p.a.

4.61% p.a.

$0.00

$250

4.34% p.a.

4.36% p.a.

$0.00

$250

4.04% p.a.variable for 36 months and then 4.59% p.a.

4.47% p.a.

$0.00

$250

3.79% p.a.variable for 36 months and then 4.34% p.a.

4.22% p.a.

$0.00

$250

6.22% p.a.

6.24% p.a.

$0.00

$250

5.72% p.a.

5.74% p.a.

$0.00

$250

5.72% p.a.

5.74% p.a.

$0.00

$250

5.22% p.a.

5.24% p.a.

$0.00

$250

4.39% p.a.

4.41% p.a.

$0.00

$250

3.79% p.a.

3.81% p.a.

$0.00

$250


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Fixed Package Home Loan Fixed Package Home Loan

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

4.34% p.a.

5.14% p.a.

$375.00 yearly

$0

4.34% p.a.

5.00% p.a.

$375.00 yearly

$0

4.09% p.a.

4.90% p.a.

$375.00 yearly

$0

4.09% p.a.

4.75% p.a.

$375.00 yearly

$0

4.24% p.a.

4.76% p.a.

$375.00 yearly

$0

4.24% p.a.

4.61% p.a.

$375.00 yearly

$0

3.99% p.a.

4.51% p.a.

$375.00 yearly

$0

3.99% p.a.

4.37% p.a.

$375.00 yearly

$0


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Variable Package Home Loan Variable Package Home Loan

Want to cash in on bundling bonuses? The Regional Australia Bank variable rate package home loan will allow you to borrow up to 95% of the property’s value, and you’ll pay a yearly service fee for the privilege. It comes with all the bells and whistles, including unlimited free extra repayments, a free redraw facility (minimum amount applies), the chance to take a repayment holiday and the use of an offset account. Plus, you’ll get a discount on insurance policies from Regional Australia Bank, and grab a credit card with no annual fee and a discounted interest rate.

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

4.94% p.a.

5.30% p.a.

$375.00 yearly

$0

4.74% p.a.

5.10% p.a.

$375.00 yearly

$0

4.69% p.a.

5.05% p.a.

$375.00 yearly

$0

4.49% p.a.

4.86% p.a.

$375.00 yearly

$0

4.44% p.a.

4.81% p.a.

$375.00 yearly

$0

4.24% p.a.

4.61% p.a.

$375.00 yearly

$0

4.19% p.a.

4.56% p.a.

$375.00 yearly

$0

3.99% p.a.

4.37% p.a.

$375.00 yearly

$0


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*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.

Regional Australia Bank home loan features in a glance

Low depositLow deposit

With Regional Australia Bank you can secure a mortgage with as little as a 5% deposit. Just keep in mind that different LVRs and loan amounts come with different rate tiers, and that, as with any bank, for a deposit less than 20% you’ll also have to shell out for Lender’s Mortgage Insurance.

Offset accountOffset account

Pay off your loan quicker and save on interest by making use of the offset account feature available with the variable rate package deal and the Mortgage Offset variable rate offer.

Flexible repayment scheduleFlexible repayment schedule

On any Regional Australia Bank home loan, you can choose to make your repayments weekly, fortnightly or monthly.

How are Regional Australia Bank home loans rated?

Want to find out how customers rank it in terms of things like customer service, trust and price? Read our customer reviews section for some first hand knowledge.

Regional Australia Bank home loans

Overall 8.5

Price

Features

Customer service

Convenience

Trust

10 Reviews

Recent Regional Australia Bank home loan reviews Recent Regional Australia Bank home loan reviews

Regional Australia Bank

Regional Australia Bank Fixed Home Loan (Owner Occupier, Principal & Interest) (Partnership Advantage) home loan review

Overall rating   9 / 10

Great

They are great.

Full review

They are great.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Melissa, New South Wales, reviewed 3 months ago

Regional Australia Bank

Regional Australia Bank Basic Home Loan Special (Owner Occupier, Principal & Interest) home loan review

Overall rating   7 / 10

hey

Come

    Price   10 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Kurstin, New South Wales, reviewed over 3 years ago

Regional Australia Bank

Regional Australia Bank Mortgage Offset Home Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   8 / 10

Excellent service and products to offer

Personal friendly staff always ready to assist. Has a visa card fixed to the interest rate of the home loan. Overall the service is so good. Every time I have rung for a question they have stayed on the line until the problem is fixed or they have...

Full review

Personal friendly staff always ready to assist. Has a visa card fixed to the interest rate of the home loan. Overall the service is so good. Every time I have rung for a question they have stayed on the line until the problem is fixed or they have answered my question. Excellent staff and products.

    Price   7 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Elizabeth, New South Wales, reviewed over 3 years ago

Regional Australia Bank

Regional Australia Bank home loan review

Overall rating   9 / 10

Brilliant - easy access, payment options etc.

Great and knowledgeable staff. Really helpful. Flexible payment options and easy internet access. Can't speak highly enough about the loan services offered by Community Mutual.

Full review

Great and knowledgeable staff. Really helpful. Flexible payment options and easy internet access. Can't speak highly enough about the loan services offered by Community Mutual.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Kate, New South Wales, reviewed over 3 years ago

Regional Australia Bank

Regional Australia Bank Mortgage Offset Home Loan (Owner Occupier, Principal & Interest) home loan review

Overall rating   7 / 10

So far they are OK

Have just started with this bank and am unable to comment.

Full review

Have just started with this bank and am unable to comment.

    Price   7 / 10

    Features   6 / 10

    Customer service   5 / 10

    Convenience   6 / 10

    Trust   7 / 10

Less

Rick, Queensland, reviewed almost 5 years ago

Hide reviews

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

First things first, you’ll need to become a member of Regional Australia Bank by applying at your local branch. Then, you can enquire online about taking out a home loan with the customer owned lender but to actually secure the loan, you’ll need to visit your local branch. When you do, it’s good to have a few details on hand to make the process as smooth and easy as possible, including:

  • Your personal contact details
  • Details about your current financial situation, which can include:
  • Savings
  • Assets such as property or investments
  • Debts
  • Living expenses
  • You employment and income details including recent payslips
  • Photo I.D.
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