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Beyond Bank Total Home Loan Package

Features

There are benefits to bundling your banking needs, the first being that you get to save on bank charges.

By bringing all your lending and savings together in the Beyond Bank Total Home Loan Package, you could leverage off a mortgage offset account, free day to day banking and a low rate credit card. But be aware than not all fees are removed – customers will be required to pay a package fee annually.

It all comes down to what you need for your situation. That may be a variable, fixed or line of credit home loan. Or if you want to hedge your bets, spilt your mortgage between fixed and variable at no extra cost.

Beyond Bank lets you establish a 100 per cent account, which can help to reduce the amount of interest paid on your mortgage if used correctly. As a note, the 100 per cent offset account is only available on variable rate and one year fixed rate loans – keep that in mind.

The fixed rate loan option lets you pay up to a maximum in additional repayments per year.

Like most package options, the Beyond Bank Total Home Loan Package offers a credit card bundled with your home loan. This can help to streamline your banking experience, but it does come at a cost.

Who is the Beyond Bank Total Home Loan Package good for?

The Beyond Bank Total Home Loan Package doesn’t discriminate in its appeal. You can be a first home buyer, investor, owner-occupier or wanting to refinance and this product would be suitable. 

It may also suit a borrower that prefers the convenience of bundling their banking products together with the same provider.

Review - What RateCity says

The Beyond Bank Total Home Loan Package bundles several of your banking products into the one package, for an annual fee. For instance, along with the home loan, customers have access to an offset account and a low-rate credit card.

Customers can choose between variable and fixed, or a split of both, as well as a line of credit for those who wish to draw on the equity in their home loan.

It’s available to members only.

Beyond Bank Total Home Loan Package Options

To find out more information about the various options available with this home loan, please click on the links below.

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Advertised rate
Comparison rate*
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Fixed Rates from

4.34%

Advertised rate

5.04%

Comparison rate

Variable Rates from

3.99%

Advertised rate

4.39%

Comparison rate
Pros
  • No upfront fees.
  • Competitive interest rates.
  • Low-rate credit card with interest-free period on purchases available.
Cons
  • Annual package fees apply.
  • Discharge fee applies.
  • Members only.
Eligibility

Must meet the lender’s serviceability requirements.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
  • Line of Credit Loans
Fees
  • Estimated upfront fees: $0 - $150
  • Discharge fees: $295
  • Ongoing fees: $395 annually

The Beyond Bank Total Home Loan Package charges an annual package fee. However, a number of other fees may be waived as part of the package. For instance, no fee is charged on the low rate credit card – which forms part of the Total Home Loan Package. 

There are no upfront fees to establish a Total Home Loan Package with Beyond Bank. There is a discharge fee at the end of the loan term. 

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Weekly repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Beyond Bank Australia

Beyond Bank is one of Australia’s largest mutual banks that is 100 per cent owned by members, devoid of shareholders. Instead of paying dividends, it passes on profits for the benefit of its customer and the community. Beyond Bank has more than $4 billion dollars of assets under management and a large branch network. 

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