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 customer service:

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
  • Email
  • Branch

Bank Australia home loans

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.
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