Bank Australia
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.
- Suitable for low deposits.
- Opportunity to bundle financial products together.
- Discounts available on interest rates.
- Split loan options are included.
- Flexible repayment schedule with weekly, fortnightly and monthly repayment options.
- Some products include fees.
- Early exit fees apply to some products.
Bank Australia has over 30 branches located across Australia, and it’s customers have access to more than 3000 rediATMs nationwide. Home loan customers can get in touch with Australia Bank by calling the customer service centre or seeking face-to-face advice in branch. Customers can also use online banking and a mobile app 24-hours a day. Email and post are also options for contact.
- Customer service centre (phone)
- Mobile app
- Online banking
- Branch
Bank Australia Home Loan Calculator
Company | Product | Advertised rate | Comparison rate* | Monthly repayment | Savings Over Years | Estimated upfront fees | Go To Site | ||
|---|---|---|---|---|---|---|---|---|---|
 | Advertised rate 3.86%Variable | Comparison rate* 3.87% | Monthly repayment $1,741 | Savings Over Years $28.6kSavings over 10 years | $0 | Details | |||
| Advertised rate 3.94%Fixed - 3 years | Comparison rate* 4.32% | Monthly repayment $1,756 | Savings Over Years $26.6kSavings over 10 years | $0 | Details | |||
| Advertised rate 3.79%Fixed - 2 years | Comparison rate* 4.33% | Monthly repayment $1,727 | Savings Over Years $30.2kSavings over 10 years | $0 | Details | |||
| Advertised rate 3.89%Fixed - 3 years | Comparison rate* 4.33% | Monthly repayment $1,747 | Savings Over Years $27.8kSavings over 10 years | $0 | Details | |||
| Advertised rate 3.84%Fixed - 1 year | Comparison rate* 4.35% | Monthly repayment $1,737 | Savings Over Years $29kSavings over 10 years | $0 | Details | |||
| Advertised rate 3.99%Fixed - 2 years | Comparison rate* 4.37% | Monthly repayment $1,766 | Savings Over Years $25.4kSavings over 10 years | $0 | Details |
Bank Australia Home Loans
Bank Australia Basic Loan InvestorVariableRefinancer
The Bank Australia Basic Loan offers low interest rates for both variable and fixed loan options available to both owner-occupiers and investors.
Bank Australia Premium Home Loan InvestorFixedRefinancer
The Bank Australia Premium Loan is a package home loan available for fixed, variable or a split of both options. It has an annual package fee.
Bank Australia Package Premium Loan InvestorVariableRefinancer
Bank Australia’s Premium Home Loan Package offers fully featured home loans, a free credit card and linked transaction or offset account. Borrowers have the option to fix their full home loan or split between fixed and variable portions.
How to Apply
Bank Australia home loan customers can visit a branch for assistance or seek further information by calling the customer service centre. Alternatively, customers can submit their contact details online and Bank Australia will get in touch with a courtesy call to help facilitate the application process. By applying online customers can choose a time that’s most convenient for their needs and receive an indicative decision within minutes. Before committing to any loan customers should conduct thorough research and calculate how much they can afford to borrow. To assist in completing a loan application customers should have the following documentation:
- Personal identification.
- Personal income details.
- Details of current debts and assets.