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Premium Investment Loan Fixed 2 Years (Principal and Interest)

Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros:
  • No ongoing fees
  • 100% full offset account
  • Parents can sign as guarantor
  • Extra repayments + redraw services
Cons:
  • Limited extra repayments
  • Discharge fee at end of loan
  • Not available for self-employed borrowers
  • Repayments won't decrease if RBA cuts rates

Details & Fees

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Fixed - 2 years
Borrowing range
Borrowing range
$10k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$447,480View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
100% offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$595
Application fee
Application fee$595
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee$250
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Fixed - 2 years
Borrowing range
Borrowing range
$10k - $100mCalculate how much you can borrow »
Total repayments
Total repayments
$447,480View repayment schedule »
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
100% offset account
Extra repayments
Extra repayments
Allowed with restrictions
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForInvestors
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$595
Application fee
Application fee$595
Settlement fee
Settlement fee$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee$250

Bank Australia (formerly Bankmecu) is Australia’s largest customer-owned bank formed by a number of credit unions. Being 100 per cent customer-owned, Bank Australia reinvests profits back into the bank in a bid to provide fairer fees and better interest rates.

Bank Australia was founded in 1957 and now offers a range of financial products and services. Based in Victoria, Bank Australia employs over 350 staff across Australia and holds assets in excess of $2.8 billion.

Bank Australia strives to be environmentally-friendly with its home loans, and helps offset the loss of vegetation and other biological diversity resulting in the building of new homes.

In 2010 Ethical Investor named Bank Australia as “Australia’s Most Sustainable Small Company Of The Year”.

Bank Australia home loan calculator  

Interested in an Bank Australia home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Bank Australia compares to its competitors. Simply plug in your borrowing amount below. 

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