Adelaide Bank home loan repayment calculator

Thinking about taking out a home loan with Adelaide Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Adelaide Bank home loans compare with other options.

I'd like to borrow

$

I am an

Loan term

With a repayment type

Your estimated repayments

at interest rate 2.34 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Pros
  • 100 per cent offset is available on most home loans (not including the SmartSaver loan).
  • All loans offer a choice between principal and interest or interest only repayments.
  • Can accommodate people with smaller deposits.
  • Extra repayments are allowed on all home loans, with some capping additional repayments at $20,000.
Cons
  • Ongoing monthly fees apply to most home loans (not including the SmartSaver loan).
  • Not all accounts offer equity release.
  • No package deals are offered.

Adelaide Bank home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.34%

Fixed - 2 years

$495

2.70%

$0
Adelaide Bank
More details

2.44%

Fixed - 3 years

$495

2.70%

$0
Adelaide Bank
More details

2.29%

Fixed - 1 year

$495

2.73%

$0
Adelaide Bank
More details

2.73%

Variable

$495

2.77%

$0
Adelaide Bank
More details

2.79%

Fixed - 1 year

$495

2.77%

$0
Adelaide Bank
More details

2.84%

Fixed - 2 years

$495

2.79%

$0
Adelaide Bank
More details

2.84%

Fixed - 4 years

$495

2.81%

$0
Adelaide Bank
More details

2.84%

Fixed - 5 years

$495

2.81%

$0
Adelaide Bank
More details

2.94%

Fixed - 3 years

$495

2.82%

$0
Adelaide Bank
More details

2.44%

Fixed - 3 years

$495

2.89%

$15 monthly
Adelaide Bank
More details

2.34%

Fixed - 2 years

$495

2.90%

$15 monthly
Adelaide Bank
More details

2.29%

Fixed - 1 year

$495

2.93%

$15 monthly
Adelaide Bank
More details

2.73%

Variable

$495

2.96%

$15 monthly
Adelaide Bank
More details

2.79%

Fixed - 1 year

$495

2.96%

$15 monthly
Adelaide Bank
More details

3.34%

Fixed - 4 years

$495

2.96%

$0
Adelaide Bank
More details

2.84%

Fixed - 2 years

$495

2.97%

$15 monthly
Adelaide Bank
More details

3.23%

Variable

$495

2.97%

$0
Adelaide Bank
More details

2.64%

Fixed - 2 years

$495

3.00%

$0
Adelaide Bank
More details

2.74%

Fixed - 3 years

$495

3.00%

$0
Adelaide Bank
More details

2.84%

Fixed - 4 years

$495

3.00%

$15 monthly
Adelaide Bank
More details

2.84%

Fixed - 5 years

$495

3.01%

$15 monthly
Adelaide Bank
More details

3.34%

Fixed - 5 years

$495

3.01%

$0
Adelaide Bank
More details

2.94%

Fixed - 3 years

$495

3.02%

$15 monthly
Adelaide Bank
More details

2.59%

Fixed - 1 year

$495

3.03%

$0
Adelaide Bank
More details

2.84%

Fixed - 2 years

$495

3.04%

$0
Adelaide Bank
More details

2.94%

Fixed - 3 years

$495

3.04%

$0
Adelaide Bank
More details

2.79%

Fixed - 1 year

$495

3.05%

$0
Adelaide Bank
More details

3.03%

Variable

$495

3.07%

$0
Adelaide Bank
More details

3.14%

Fixed - 4 years

$495

3.11%

$0
Adelaide Bank
More details

3.14%

Fixed - 5 years

$495

3.11%

$0
Adelaide Bank
More details

3.23%

Variable

$495

3.14%

$0
Adelaide Bank
More details

3.23%

Variable

$495

3.16%

$15 monthly
Adelaide Bank
More details

3.34%

Fixed - 4 years

$495

3.16%

$0
Adelaide Bank
More details

3.34%

Fixed - 4 years

$495

3.16%

$15 monthly
Adelaide Bank
More details

3.34%

Fixed - 5 years

$495

3.18%

$0
Adelaide Bank
More details

2.64%

Fixed - 2 years

$495

3.19%

$15 monthly
Adelaide Bank
More details

2.74%

Fixed - 3 years

$495

3.19%

$15 monthly
Adelaide Bank
More details

3.34%

Fixed - 5 years

$495

3.20%

$15 monthly
Adelaide Bank
More details

2.59%

Fixed - 1 year

$495

3.22%

$15 monthly
Adelaide Bank
More details

2.84%

Fixed - 2 years

$495

3.22%

$15 monthly
Adelaide Bank
More details

2.79%

Fixed - 1 year

$495

3.23%

$15 monthly
Adelaide Bank
More details

2.94%

Fixed - 3 years

$495

3.24%

$15 monthly
Adelaide Bank
More details

3.03%

Variable

$495

3.26%

$15 monthly
Adelaide Bank
More details

3.14%

Fixed - 4 years

$495

3.30%

$15 monthly
Adelaide Bank
More details

3.14%

Fixed - 5 years

$495

3.30%

$15 monthly
Adelaide Bank
More details

3.23%

Variable

$495

3.34%

$15 monthly
Adelaide Bank
More details

3.34%

Fixed - 4 years

$495

3.36%

$15 monthly
Adelaide Bank
More details

3.34%

Fixed - 5 years

$495

3.38%

$15 monthly
Adelaide Bank
More details

3.43%

Variable

$495

3.47%

$0
Adelaide Bank
More details

3.43%

Variable

$495

3.66%

$15 monthly
Adelaide Bank
More details

Adelaide Bank customer service

Adelaide Bank home loan customers can get in touch with their mortgage provider in a variety of different ways. Depending on the needs of the customer it’s possible to speak to the bank directly either face-to-face in branch or by calling the customer service centre. Customers with access to the internet can obtain a full overview of their Adelaide Bank accounts online or via their mobile app. It’s also possible to get in touch via email. If a home loan customer’s personal circumstances change and they need to seek assistance restructuring their repayments, Adelaide Bank offers a financial hardship hotline.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Branch

How to Apply

To begin the process of arranging a home loan, borrowers will need to apply online or in branch to arrange a face-to-face interview with a mortgage broker. Adelaide Bank has a network of over 5000 approved mortgage brokers across Australia who will facilitate the entire process for customers. Before meeting a broker it’s recommended that those seeking a mortgage look at the range of home loans available and consider how much they can afford to borrow, and over what time period. Even when applying for the paperwork-light SmartDoc and SmartDoc Plus loans it’s likely that some documents will be required upon application. These may include:

  • Personal identification.
  • Details of current assets, including estimated values.
  • Details of current debts, including credit limits.
  • Gross income.
  • Estimated value of any property offered as security.
  • Details of deposit and equity.
  • Previous mortgage statements (for refinancers).

Learn more about Adelaide Bank

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

What is a variable home loan?

A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.

What is Lender's Mortgage Insurance (LMI)

Lender’s Mortgage Insurance (LMI) is an insurance policy, which protects your bank if you default on the loan (i.e. stop paying your loan). While the bank takes out the policy, you pay the premium. Generally you can ‘capitalise’ the premium – meaning that instead of paying it upfront in one hit, you roll it into the total amount you owe, and it becomes part of your regular mortgage repayments.

This additional cost is typically required when you have less than 20 per cent savings, or a loan with an LVR of 80 per cent or higher, and it can run into thousands of dollars. The policy is not transferrable, so if you sell and buy a new house with less than 20 per cent equity, then you’ll be required to foot the bill again, even if you borrow with the same lender.

Some lenders, such as the Commonwealth Bank, charge customers with a small deposit a Low Deposit Premium or LDP instead of LMI. The cost of the premium is included in your loan so you pay it off over time.

What is a guarantor?

A guarantor is someone who provides a legally binding promise that they will pay off a mortgage if the principal borrower fails to do so.

Often, guarantors are parents in a solid financial position, while the principal borrower is a child in a weaker financial position who is struggling to enter the property market.

Lenders usually regard borrowers as less risky when they have a guarantor – and therefore may charge lower interest rates or even approve mortgages they would have otherwise rejected.

However, if the borrower falls behind on their repayments, the lender might chase the guarantor for payment. In some circumstances, the lender might even seize and sell the guarantor’s property to recoup their money.

How do I take out a low-deposit home loan?

If you want to take out a low-deposit home loan, it might be a good idea to consult a mortgage broker who can give you professional financial advice and organise the mortgage for you.

Another way to take out a low-deposit home loan is to do your own research with a comparison website like RateCity. Once you’ve identified your preferred mortgage, you can apply through RateCity or go direct to the lender.

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

What happens when you default on your mortgage?

A mortgage default occurs when you are 90 days or more behind on your mortgage repayments. Late repayments will often incur a late fee on top of the amount owed which will continue to gather interest along with the remaining principal amount.

If you do default on a mortgage repayment you should try and catch up in next month’s payment. If this isn’t possible, and missing payments is going to become a regular issue, you need to contact your lender as soon as possible to organise an alternative payment schedule and discuss further options.

You may also want to talk to a financial counsellor. 

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

Why was Real Time Ratings developed?

Real Time RatingsTM was developed to save people time and money. A home loan is one of the biggest financial decisions you will ever make – and one of the most complicated. Real Time RatingsTM is designed to help you find the right loan. Until now, there has been no place borrowers can benchmark the latest rates and offers when they hit the market. Rates change all the time now and new offers hit the market almost daily, we saw the need for a way to compare these new deals against the rest of the market and make a more informed decision.

What is a debt service ratio?

A method of gauging a borrower’s home loan serviceability (ability to afford home loan repayments), the debt service ratio (DSR) is the fraction of an applicant’s income that will need to go towards paying back a loan. The DSR is typically expressed as a percentage, and lenders may decline loans to borrowers with too high a DSR (often over 30 per cent).

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.