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.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.14% p.a. |
7.69% p.a. |
$0.00 |
$250 |
||
|
6.37% p.a. |
7.75% p.a. |
$0.00 |
$250 |
||
|
6.58% p.a. |
7.82% p.a. |
$0.00 |
$250 |
||
|
7.19% p.a. |
8.00% p.a. |
$0.00 |
$250 |
||
|
5.91% p.a. |
7.62% p.a. |
$0.00 |
$250 |
||
|
5.89% p.a. |
7.44% p.a. |
$0.00 |
$250 |
||
|
6.12% p.a. |
7.51% p.a. |
$0.00 |
$250 |
||
|
6.33% p.a. |
7.57% p.a. |
$0.00 |
$250 |
||
|
6.94% p.a. |
7.75% p.a. |
$0.00 |
$250 |
||
|
5.66% p.a. |
7.38% p.a. |
$0.00 |
$250 |
||
|
6.55% p.a. |
8.15% p.a. |
$0.00 |
$250 |
||
|
6.80% p.a. |
8.22% p.a. |
$0.00 |
$250 |
||
|
7.01% p.a. |
8.29% p.a. |
$0.00 |
$250 |
||
|
6.11% p.a. |
8.02% p.a. |
$0.00 |
$250 |
||
|
6.30% p.a. |
7.90% p.a. |
$0.00 |
$250 |
||
|
6.55% p.a. |
7.98% p.a. |
$0.00 |
$250 |
||
|
6.76% p.a. |
8.04% p.a. |
$0.00 |
$250 |
||
|
5.86% p.a. |
7.78% p.a. |
$0.00 |
$250 |
For those looking to buy or refinance with a variable rate home loan, Regional Australia Bank has a suite of flexible offers available including: the Basic Home Loan, Mortgage Offset Home Loan, Sustainable Home Loan and First Home Loan Deposit Scheme Special. As the names imply, each loan comes with unique features which will suit different needs - from loans to suit specific borrowers like first time buyers or those with sustainable homes, to loans with a low rate or a full set of features. One similarity between the different offers is that you can borrow up to 95% of the property’s value, but aside from that all the fees, features and rates vary, so the best way to find out more about them is to take a browse through the linked reviews in the table below.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
7.44% p.a. |
7.46% p.a. |
$0.00 |
$250 |
||
|
7.19% p.a. |
7.21% p.a. |
$0.00 |
$250 |
||
|
6.64% p.a. |
6.66% p.a. |
$0.00 |
$250 |
||
|
5.74% p.a.variable for 36 months and then 6.39% p.a. |
6.23% p.a. |
$0.00 |
$250 |
||
|
6.45% p.a. |
6.47% p.a. |
$0.00 |
$250 |
||
|
6.69% p.a. |
6.71% p.a. |
$0.00 |
$250 |
||
|
6.91% p.a. |
6.93% p.a. |
$0.00 |
$250 |
||
|
6.22% p.a. |
6.24% p.a. |
$0.00 |
$250 |
||
|
7.54% p.a. |
7.56% p.a. |
$0.00 |
$250 |
||
|
7.29% p.a. |
7.31% p.a. |
$0.00 |
$250 |
||
|
6.20% p.a. |
6.22% p.a. |
$0.00 |
$250 |
||
|
6.44% p.a. |
6.46% p.a. |
$0.00 |
$250 |
||
|
6.66% p.a. |
6.68% p.a. |
$0.00 |
$250 |
||
|
5.97% p.a. |
5.99% p.a. |
$0.00 |
$250 |
||
|
7.84% p.a. |
7.86% p.a. |
$0.00 |
$250 |
||
|
7.59% p.a. |
7.61% p.a. |
$0.00 |
$250 |
||
|
6.89% p.a. |
6.91% p.a. |
$0.00 |
$250 |
||
|
7.14% p.a. |
7.16% p.a. |
$0.00 |
$250 |
||
|
7.36% p.a. |
7.38% p.a. |
$0.00 |
$250 |
||
|
6.43% p.a. |
6.45% p.a. |
$0.00 |
$250 |
||
|
6.89% p.a. |
6.91% p.a. |
$0.00 |
$250 |
||
|
6.64% p.a. |
6.66% p.a. |
$0.00 |
$250 |
||
|
7.11% p.a. |
7.13% p.a. |
$0.00 |
$250 |
||
|
6.18% p.a. |
6.20% p.a. |
$0.00 |
$250 |
For borrowers looking to lock down a competitive rate on a 1-5 year fixed term (and the repayment certainty that comes with it), Regional Australia Bank's Fixed Home Loan (Partnership Advantage) offer may be of interest. This offer is available to both owner occupiers and investors on loans of at least $150,000, and like the variable rates above, borrowers can take out a loan up to 95% of the property's value. Like most fixed rate home loans, there aren't a whole heap of features to write home about, but as this is a package loan (with a $375 yearly service fee) Regional Australia Bank gives customers the opportunity to save money on everything from credit card fees to insurance premiums.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.54% p.a. |
6.84% p.a. |
$375.00 yearly |
$0 |
||
|
6.14% p.a. |
6.55% p.a. |
$375.00 yearly |
$0 |
||
|
6.74% p.a. |
7.24% p.a. |
$375.00 yearly |
$0 |
||
|
6.34% p.a. |
6.96% p.a. |
$375.00 yearly |
$0 |
Want to make the most of bundling banking products? Regional Australia Bank's variable rate package - the Home Loan (Partnership Advantage) - allows you to borrow up to 95% of the property’s value on loan amounts of at least $150,000. The loan is open to both owner occupiers and borrowers and in addition to having a choice between making principal and interest or interest-only payments, mortgage holders will also be able to make use of features such as extra repayments, a redraw facility (min. $500 redraw) and an offset account. Because it is a package loan it does come with a yearly service fee of $375, but borrowers will also be entitled to discounts on insurance policies from Regional Australia Bank as well as an interest rate discount and an annual fee waiver on a linked credit card.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
6.49% p.a. |
6.82% p.a. |
$375.00 yearly |
$0 |
||
|
6.24% p.a. |
6.58% p.a. |
$375.00 yearly |
$0 |
||
|
6.99% p.a. |
7.32% p.a. |
$375.00 yearly |
$0 |
||
|
6.74% p.a. |
7.07% p.a. |
$375.00 yearly |
$0 |
Whether it's a fixed, variable or package loan offer, Regional Australia Bank has the options for borrowers looking to secure a mortgage with a deposit as low as 5%. Just keep in mind that different LVRs and loan amounts come with different interest rates, and that like many banks, a deposit lower than 20% may require you to take out lender’s mortgage Insurance.
Want to reduce the amount of interest you pay on your home loan? Regional Australia bank has a number of variable home loan rate offers that will allow you to do just that with the use of a 100% offset account.
On any Regional Australia Bank home loan you can choose to make your repayments on a weekly, fortnightly or monthly basis. That way you'll be able to sync them able with your regular pay cycle or budget.
Mozo users have rated Regional Australia Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
32 Reviews
Very professional, helpful and efficient service since day 1 of our first home loan mortgage enquiry. We never had any major challenges during our application. The team took care of our settlement and home build payment so efficiently. We're very anxious about the rise of the interest rates and they're very approachable and ready to offer competitive rates for us. We're so happy throughout the process of land settlement to the completion of our home build.
Read full reviewVery professional, helpful and efficient service since day 1 of our first home loan mortgage enquiry. We never had any major challenges during our application. The team took care of our settlement and home build payment so efficiently. We're very anxious about the rise of the interest rates and they're very approachable and ready to offer competitive rates for us. We're so happy throughout the process of land settlement to the completion of our home build.
It may not be the very cheapest interest rate around, but it's not far off it! These guys are so helpful and can advise you how to get what you're after, without hassle or added expense. Their offset facility is awesome and has great flexibility.
Read full reviewIt may not be the very cheapest interest rate around, but it's not far off it! These guys are so helpful and can advise you how to get what you're after, without hassle or added expense. Their offset facility is awesome and has great flexibility.
Small bank, but have grown enough to have lost that small bank customer service. Products are a little out of date compared to others. Too close to the end of mortgage to look at moving now.
Read full reviewSmall bank, but have grown enough to have lost that small bank customer service. Products are a little out of date compared to others. Too close to the end of mortgage to look at moving now.
Regional Australia bank is amazing. I so love this bank. I banked with a few different banks and was terribly unsatisfied with so I moved to Regional Australia Bank. I couldn't be more happy, highly recommend in all areas, including friendly costumer service.
Read full reviewRegional Australia bank is amazing. I so love this bank. I banked with a few different banks and was terribly unsatisfied with so I moved to Regional Australia Bank. I couldn't be more happy, highly recommend in all areas, including friendly costumer service.
Great friendly people to deal with. Excellent rates.
Read full reviewGreat friendly people to deal with. Excellent rates.
First things first, if you're interested in applying for a Regional Australia Bank home loan you can get started by booking an appointment or requesting a call back with a home loan specialist through their website. Otherwise you can give them a call or head into a branch to get the ball rolling. Like all home loan applications, it may be worth assembling a few bits of information first though, including: