based on 177 Regional Australia Bank banking product reviews as rated by Mozo community

Regional Australia Bank home loans

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. Because Regional Australia Bank is owned by its members, its focus is on keeping home loan rates and fees as low as possible while giving borrowers the flexible features they need.

What home loans do Regional Australia Bank offer?

Rates and fees verified as correct at 04 December, 2021. Other information correct at the time of writing. Advertiser disclosure.

Variable Rate Home Loans

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 LoanMortgage Offset Home LoanSustainable 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.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.59% p.a.

3.61% p.a.

$0.00

$250

3.34% p.a.

3.36% p.a.

$0.00

$250

2.84% p.a.variable for 36 months and then 3.59% p.a.

3.42% p.a.

$0.00

$250

2.59% p.a.variable for 36 months and then 3.34% p.a.

3.17% p.a.

$0.00

$250

2.91% p.a.

2.93% p.a.

$0.00

$250

4.47% p.a.

4.49% p.a.

$0.00

$250

4.22% p.a.

4.24% p.a.

$0.00

$250

3.04% p.a.

2.85% p.a.

$0.00

$250

2.79% p.a.

2.83% p.a.

$0.00

$250

3.99% p.a.

4.01% p.a.

$0.00

$250

3.74% p.a.

3.76% p.a.

$0.00

$250

4.97% p.a.

4.99% p.a.

$0.00

$250

4.72% p.a.

4.74% p.a.

$0.00

$250

Fixed Package Home Loan

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. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

2.89% p.a.

3.55% p.a.

$375.00 yearly

$0

2.59% p.a.

3.29% p.a.

$375.00 yearly

$0

2.99% p.a.

3.93% p.a.

$375.00 yearly

$0

2.59% p.a.

3.65% p.a.

$375.00 yearly

$0

Variable Package Home Loan

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.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.24% p.a.

3.64% p.a.

$375.00 yearly

$0

2.99% p.a.

3.39% p.a.

$375.00 yearly

$0

3.74% p.a.

4.12% p.a.

$375.00 yearly

$0

3.49% p.a.

3.88% p.a.

$375.00 yearly

$0

Regional Australia Bank home loan features in a glance

Deposit icon

Low deposit

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.

Offset icon

Offset account

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

Schedule icon

Flexible repayment schedule

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. 

How are Regional Australia Bank home loans rated?

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.

Icon of home-loans
Regional Australia Bank home loans
Overall
Price
Features
Customer service
Convenience
Trust

30 Reviews

Recent Regional Australia Bank home loan reviews

Regional Australia Bank Basic Home Loan
Overall 4/10
Not what it used to be.

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 review

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.

Price
5/10
Features
5/10
Customer service
5/10
Convenience
3/10
Trust
6/10
Less
Adam, New South Wales, reviewed over 1 year ago
Regional Australia Bank Basic Home Loan
Overall 10/10
Regional Australia bank is amazing. Love them!

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 review

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.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
J, New South Wales, reviewed over 1 year ago
Regional Australia Bank Home Loan
Overall 9/10
Excellent customer service.

Great friendly people to deal with. Excellent rates.

Read full review

Great friendly people to deal with. Excellent rates.

Price
9/10
Features
7/10
Customer service
10/10
Convenience
6/10
Trust
10/10
Less
Ian, South Australia, reviewed almost 2 years ago
Regional Australia Bank Fixed Home Loan (Partnership Advantage)
Overall 9/10
Great

They are great.

Read 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 about 3 years ago
Regional Australia Bank Home Loan
Overall 5/10
Good bank

They are good bank, just wish they were 24/7.

Read full review

They are good bank, just wish they were 24/7.

Price
5/10
Features
5/10
Customer service
7/10
Convenience
4/10
Trust
5/10
Less
R, New South Wales, reviewed about 6 years ago

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

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: 

  • Your personal contact details (and those of any second applicant)
  • Details about your current financial situation, which can include: savings and other assets, debt and your living expenses
  • You employment and income details including recent payslips
  • Photo I.D.

Home loan quick links