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Basic Home Loan Special (LVR < 80%)

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Customise your mortgage repayments by entering your details:

I want to borrow

Loan Term

years

Repayment Frequency

Pros and Cons

Pros:
  • Extra low interest rate for refinancers
  • No ongoing fees
  • Parents can sign as guarantor
  • Extra repayments + redraw services
Cons:
  • Discharge fee at end of loan
  • Repayments may increase if RBA raises rates

Fees and Features

Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$10k - $100m
Total repayments
Total repayments
$576,360
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$595.00
Application fee
Application fee
$595
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$250
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount
Maximum LVR
Maximum LVR
80%
Interest rate structure
Interest rate structure
Variable
Borrowing range
Borrowing range
$10k - $100m
Total repayments
Total repayments
$576,360
Principal & interest
Principal & interest
Interest only
Interest only
Loan term
Loan term
1 - 30 years
Offset account
Offset account
Extra repayments
Extra repayments
Unlimited extra repayments
Redraw facility
Redraw facility
Redraw fee: $0
Allows split interest
Allows split interest
Suitable For
Suitable ForOwner Occupiers
Applicable States
Applicable StatesACT, NSW, NT, QLD, SA, TAS, VIC, WA
Make Repayments
Make RepaymentsFortnightly, Monthly, Weekly
Estimated upfront fees
Estimated upfront fees
$595.00
Application fee
Application fee
$595
Settlement fee
Settlement fee
$0
Valuation fee
Valuation fee
$0
Legal fee
Legal fee
$0
Ongoing fee
Ongoing fee
$0
Discharge fee
Discharge fee
$250
Property Type
Property Type
SMSF Trustee
SMSF Trustee
Minimum SMSF Amount
Minimum SMSF Amount

Compare and review home loans with similar features

Loan Profile
Advertised rate
Advertised rate
3.49%
Variable
Advertised rate
3.54%
Variable
Advertised rate
3.54%
Variable
Advertised rate
3.57%
Variable
Comparison rate*
Comparison rate*
3.53%
Comparison rate*
3.57%
Comparison rate*
3.58%
Comparison rate*
3.58%
Monthly repayment
Monthly repayment
$1,570
Monthly repayment
$1,579
Monthly repayment
$1,579
Monthly repayment
$1,585
Total repayments
Total repayments
$565,200
Total repayments
$568,440
Total repayments
$568,440
Total repayments
$570,600
Loan term
Loan term
5 - 30 years
Loan term
1 - 30 years
Loan term
1 - 30 years
Loan term
15 - 30 years
First home buyer
First home buyer
First home buyer
First home buyer
First home buyer
Loan Fees
Estimated upfront fees
Estimated upfront fees
$500.00
Estimated upfront fees
$645.00
Estimated upfront fees
$567.00
Estimated upfront fees
$0
Legal fee
Legal fee
$0
Legal fee
$395
Legal fee
$264
Legal fee
$0
Valuation fee
Valuation fee
$0
Valuation fee
$0
Valuation fee
$303
Valuation fee
$0
Settlement fee
Settlement fee
$250
Settlement fee
$250
Settlement fee
$0
Settlement fee
$0
Discharge fee
Discharge fee
$300
Discharge fee
$450
Discharge fee
$535
Discharge fee
$325
Application fee
Application fee
$250
Application fee
$0
Application fee
$0
Application fee
$0
Ongoing fee
Ongoing fee
$0
Ongoing fee
$0 monthly
Ongoing fee
$0
Ongoing fee
$0
Repayments Redraws
Offset account
Offset account
Offset account
Offset account
100% offset account
Offset account
100% offset account
Interest Rate Options
Allows split interest
Allows split interest
Allows split interest
Allows split interest
Allows split interest
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Bank Australia is a Victoria-based mutual bank that is owned by its customers, rather than by shareholders. Beginning in 1957 as the Members and Education Credit Union, Bank Australia was renamed as bankmecu before adopting its current name in 2015. Bank Australia is based in Melbourne and has served tens of thousands of customers over its history.

Bank Australia offers a wide range of mortgages that charge competitive home loan interest rates.

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