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3.30
% p.a
Fixed - 5 years
2.87
% p.a
$1,470
based on $300,000 loan amount for 25 years at 3.30%
On this page
3.30
% p.a
Fixed - 5 years
2.87
% p.a
$1,470
based on $300,000 loan amount for 25 years at 3.30%
Calculate your repayments for this loan
Your estimated repayment
$1,470
based on $300,000 loan amount for 25 years at 3.30%
Bank Australia home loans are available through brokers who can help find the right loan and manage your application at no charge.
Bernard Desmond
Get expert advice from a home loans specialist.
Bernard Desmond OPPORTUNITY BROKER They say there are two guarantees in life, but Bernard securing your mortgage is now unofficially the third. His confidence comes from 14 years of experience and an unequivocal desire to provide you with the most opportunity from your mortgage. But don’t just take our word for it; Bernard’s strike rate from application to approval is awarded as the best in the industry: Winner 2020 Best Customer Service of the year at the Australian Broking Awards, 2020 Best Customer Service of the year at the Better Business Awards, 2019 Residential Broker of the Year and 2018 Australian broker of the Year. Supportive yet honest, Bernard has your best interest at heart and a blank piece of paper in hand, ready to fill it with plans and possibilities. Bernard sees opportunity getting to understand you and your financial goals better than the rest. He’s personable and tenacious, giving you the ability to take your money further — like that ocean villa in Hawaii.
CRN: 493595
$1,119
based on $300,000 loan amount for 25 years at 2.07%
Quick home loan review
For Basic Investment Loan Fixed (Interest Only) 5 Years (LVR < 60%)
These are the benefits of this home loan.
- 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
- Higher than average interest rate
- Loan reverts to higher rate after fixed period
- Higher than average upfront fee
- Discharge fee at end of loan
- Maximum loan amount is limited to 60% of the property's value
Home loan overview
For Basic Investment Loan Fixed (Interest Only) 5 Years (LVR < 60%)
- Details
- Features
- Fees
- Application method
Details
Maximum LVR 60% | Total Repayments $247,500 |
Interest rate type Fixed - 5 years | |
Borrowing range
$10k
-
$100m
| Suitable for Investors |
Loan term range 1 - 30 years | Principal & interest |
Interest only | Applicable states ACT, NSW, NT, QLD, SA, TAS, VIC, WA |
Features
Extra repayments Not Allowed | Offset account No |
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 |
Legal fee $0 | Valuation fee $0 |
Settlement fee 0 | Other upfront fee 0 |
Ongoing fee $0 | Discharge fee 250 |
Application method
Online | Phone |
Broker | 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
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