Bank Australia (formerly Bankmecu) is Australia’s largest customer-owned bank formed by a number of credit unions. Being 100 per cent customer-owned, Bank Australia reinvests profits back into the bank in a bid to provide fairer fees and better interest rates.
Bank Australia was founded in 1957 and now offers a range of financial products and services. Based in Victoria, Bank Australia employs over 350 staff across Australia and holds assets in excess of $2.8 billion.
Bank Australia strives to be environmentally-friendly with its home loans, and helps offset the loss of vegetation and other biological diversity resulting in the building of new homes.
In 2010 Ethical Investor named Bank Australia as “Australia’s Most Sustainable Small Company Of The Year”.
Bank Australia home loan calculator
Interested in an Bank Australia home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Bank Australia compares to its competitors. Simply plug in your borrowing amount below.