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Bank Australia

Premium Home Loan Package

Interest Rate

6.15

% p.a

Fixed - 3 years

Comparison Rate*

4.54

% p.a

Maximum LVR
60%
Real Time Rating™

3.95

/ 5
Monthly Repayment

$1,961

based on $300,000 loan amount for 25 years at 6.15%

Interest Rate

6.15

% p.a

Fixed - 3 years

Comparison Rate*

4.54

% p.a

Maximum LVR
60%
Real Time Rating™

3.95

/ 5
Monthly Repayment

$1,961

based on $300,000 loan amount for 25 years at 6.15%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,961

based on $300,000 loan amount for 25 years at 6.15%

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

Lee HAO

5.0
326 Reviews

Get expert advice from a home loans specialist.

Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.

VIC3128

CRN: 484532

Jingxia (Suzanne) Wang

5.0
103 Reviews

Get expert advice from a home loans specialist.

With double master degrees of Professional Accounting and Commerce and over 3 years working experiences in the mortgage broking industry, Suzanne has been developing a wider sense of what her clients need and how to achieve their dreams of buying or building their own homes as well as increasing their investment property portfolio to build wealth. Suzanne loves meeting new clients and catching up with existing clients, she has a passion for delivering professional skills and experience to customise a solution for her clients to secure their financial future. On weekends she enjoys spending time with her family, reading books with her child, and going for long walks in the park. Suzanne Wang is a credit representative 534100 of BLSSA Pty Ltd ACN 117 651 760 (Australia Credit License 391237).

VIC3128

CRN: 484532

Melissa Huynh

5.0
1 Reviews

Get expert advice from a home loans specialist.

Melissa has many years experience within the Finance Industry. Having started her career as a Financial Planner and over 7 years as an award winning Mortgage Broker with a strong focus on customer service. Melissa is highly efficient and will get the job done! Whether you have a complex situation or Commercial loan Melissa will strive to find you the most competitive and suitable loan options and ensure you are educated and kept up to date throughout the process.

VIC3121

ACL: 481374

Quick home loan review

For Premium Package Investment Loan Fixed (Principal and Interest) 3 Years (LVR < 60%)

These are the benefits of this home loan.

  • No ongoing fees
  • Parents can sign as guarantor
  • Split account option
  • Features on 2022 RateCity Awards

These are the drawbacks of this home loan.

  • Limited extra repayments
  • No redraw facility
  • 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 Premium Package Investment Loan Fixed (Principal and Interest) 3 Years (LVR < 60%)

Details

Maximum LVR

60%

Total Repayments

Interest rate type

Fixed - 3 years

Borrowing range

Suitable for

Investors

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

Yes - limited to $30000

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

Available
Not available
Data not captured

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

Lee HAO
5.0
326 Reviews
Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.
VIC3128
CRN: 484532

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 60 percent, which means it requires a minimum deposit of 40 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.