RateCity.com.au
powering smart financial decisions
Bank Australia

Basic Home Loan

Advertised Rate

2.70

% p.a

Fixed - 5 years

Comparison Rate*

2.80

% p.a

Maximum LVR
90%
Real Time Rating™

2.55

/ 5
Monthly Repayment

$1,376

based on $300,000 loan amount for 25 years at 2.70%

Advertised Rate

2.70

% p.a

Fixed - 5 years

Comparison Rate*

2.80

% p.a

Maximum LVR
90%
Real Time Rating™

2.55

/ 5
Monthly Repayment

$1,376

based on $300,000 loan amount for 25 years at 2.70%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,376

based on $300,000 loan amount for 25 years at 2.70%

Bank Australia home loans are available through brokers who can help find the right loan and manage your application at no charge.

MD ALI Kawser

4.9
7 Reviews

Get expert advice from a home loans specialist.

I am Ali Kawser, a mortgage broker for 6 years and in the finance industry for 10 years. An investor myself, I have bought my first property in 2016 and owned investment property in 2018. I work from my home office, love to have a balance between work and family. I have helped many of my clients to achieve their dream to purchase their first property, also to purchase investment properties for a better retirement. Most of my meetings and appointments with clients are after hours, means you don't have to hurry to meet the schedule. Through a mortgage broker like myself, you'll have a choice of over 40 lenders including the big four for your convenience. Give us a call, you'll have a better experience!

VIC3338

CRN: 490619

Mahesh Perera

5.0
23 Reviews

Get expert advice from a home loans specialist.

In 1994, Mahesh bought a property at a highly inflated price. Shortly after, he lost most of his superannuation when the company he was working for was declared bankrupt. This misfortune encouraged him to learn as much as he could about good financial management so that he would avoid making the same mistakes again. Mahesh worked has to educate himself and gain valuable qualifications in the finance industry. While doing so, he recognised an opportunity to help other migrants steer clear of the pitfalls that he encountered. After studying to become a qualified Financial Advisor, Mahesh then went on to build his own financial planning firm, working under AXA, AON, and Patron licensees. Since 1996 Mahesh has had the privilege to assist more than 1500 clients to achieve their financial goals using various wealth strategies going to help you immensely. You will be glad you become an Equity Advice client.

NSW2000

CRN: 492305

Quick home loan review

For Basic Home Loan Fixed 5 Year (LVR 80%-90%)

These are the benefits of this home loan.

  • Lower than average interest rate
  • No ongoing fees
  • Parents can sign as guarantor
  • Split account option

These are the drawbacks of this home loan.

  • No extra repayments
  • No redraw and no offset
  • Loan reverts to higher rate after fixed period
  • Higher than average upfront fee
  • Discharge fee at end of loan

Home loan overview

For Basic Home Loan Fixed 5 Year (LVR 80%-90%)

TMD

Details

Maximum LVR

90%

Total Repayments

Interest rate type

Fixed - 5 years

Borrowing range

Suitable for

Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Not Allowed

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

595

Application fee

595

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$0

Discharge fee

250

Application method

Online

Phone

In branch

Target Market Determination

Visit Bank Australia to view Target Market Determination.

Other Benefits

Eligible for a 0.40% p.a. discount off your interest rate for up to five years on buying or building a NatHERS rated 7 Star or higher home, or planning sustainable upgrades

Embed

Bank Australia is available through brokers

FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $10k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

What's the maximum length for this loan?

Bank Australia allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Bank Australia allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $595 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

Bank Australia makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Bank Australia loan is available through a broker. Find a broker to help you with your needs.