Bank Australia home loans cater for a wide variety of mortgage customers:

• Owner-occupier home loans
• Investor loans
• Lines of credit
• Bridging loans
• SMSF loans (superannuation home loans)

Customers are also free to choose from a range of home loans interest rate options, such as:

• Principal-and-interest home loans
• Interest-only home loans
• Variable interest rates
• Fixed interest rates

Some mortgages also come with (permanent) interest rate discounts and (temporary) introductory interest rates offers. In some cases, Bank Australia will offer discounted interest rates, fee waivers and discounts across a host of other products when customers package their Bank Australia products.

Many Bank Australia home loans include redraw facilities, allowing you to borrow funds you’ve already repaid. Some home loans also provide flexible repayments.

Bank Australia home loans rates tend to be on the lower end of the market, while their fees lean toward the higher end.

Bank Australia home loan rates differ from product to product, but they are generally very low, moderately low or moderate.

One reason that Bank Australia offers competitive rates is that it’s owned by its customers. Without shareholders, it doesn’t have the same demand to maximise profits. Bank Australia’s lower rates differentiate it from Australia’s big four banks, which charger higher rates and are seen as a safe and convenient option.

Bank Australia offers very low to moderately low interest rates for owner-occupier standard loans, while interest rates for lines of credit and bridging loans tend to be moderately high.

Interest rates also differ between owner-occupier and investment mortgages. Bank Australia generally charges lower rates on owner-occupier loans and higher rates for investment loans. Both principal-and-interest and interest-only investor loans are typically charged moderate interest rates.

Although Bank Australia is based in Victoria, it provides home loans to borrowers across the country.

Bank Australia has a home loan product for a range of borrowers, including owner-occupiers, property investors and self-managed superannuation fund investors. Customers can choose from a variety of interest rate options, such as variable and fixed rates. Bank Australia fixed home loans can be secured for one, two, three or five years.

Compared to Australia’s big four banks, Bank Australia provides reasonably low interest rates, with owner-occupier home loans as the cheapest option.

While Bank Australia’s rates generally sit within the low and moderate categories, their fees are moderately high. Upfront and establishment fees are relatively high, and some Bank Australia home loans charge ongoing fees for loan variation requests, overdrafts and offset services.