Bank First

Bank First, formerly known as Victoria Teachers Mutual Bank, is a mutually-owned baking institution established in 1972.

While it was initially set up by teachers to service people working in the education sector, it is now open to anyone.

It offers a range of financial services products, including transaction accounts, savings accounts, insurance products and a range of personal and home loans.

Bank First Home Loan Calculator
Interested in a Bank First home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Bank First compares to its competitors. Simply plug in your borrowing amount below. 

Pros:
  • Commonwealth Bank ATM access.
  • Flexible home loan products.
  • Few home loan products have a minimum borrowing amount.
Cons:
  • Branch access limited to Victoria.
Bank First customer service:

Bank First does not have a large branch network outside of Victoria. However, customers can access their funds via any Commonwealth Bank ATM, giving you access to one of the largest ATM networks in the country. Customers can contact the lender via phone, live chat, email or through a branch if they are in Victoria.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat
  • Branch
  • Mobile banking staff

Bank First home loans

First Rate Home Loan (First Home Buyer) (LVR <80%)
Advertised rate
3.69%Variable
Upfront fee
$0
Comparison rate*
3.70%
Ongoing fee
$0
Compare
First Rate Home Loan (LVR < 80%)
Advertised rate
3.69%Variable
Upfront fee
$600.00
Comparison rate*
3.74%
Ongoing fee
$0
Compare
First Rate Home Loan (First Home Buyer) (LVR 80%-95%)
Advertised rate
3.89%Variable
Upfront fee
$0
Comparison rate*
3.90%
Ongoing fee
$0
Compare
First Rate Home Loan (LVR 80%-95%)
Advertised rate
3.89%Variable
Upfront fee
$600.00
Comparison rate*
3.94%
Ongoing fee
$0
Compare
Complete Home Loan (First Home Buyer) (LVR < 80%)
Advertised rate
3.99%Variable
Upfront fee
$0
Comparison rate*
4.00%
Ongoing fee
$0
Compare
Fixed Complete Home Loan 1 Year (LVR < 80%)
Advertised rate
3.99%Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
4.04%
Ongoing fee
$0
Compare
Fixed Complete Home Loan 2 Years (LVR < 80%)
Advertised rate
3.99%Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
4.04%
Ongoing fee
$0
Compare
Complete Home Loan (LVR < 80%)
Advertised rate
3.99%Variable
Upfront fee
$600.00
Comparison rate*
4.04%
Ongoing fee
$0
Compare
Fixed Complete Home Loan 3 Years (LVR < 80%)
Advertised rate
4.09%Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
4.06%
Ongoing fee
$0
Compare
Premier Package Home Loan (Refinance) (LVR < 80%)
Advertised rate
3.89%Variable
Upfront fee
$0
Comparison rate*
4.10%
Ongoing fee
$350 annually
Compare
Fixed Complete Home Loan 2 Years (LVR 80%-95%)
Advertised rate
3.99%Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
4.20%
Ongoing fee
$0
Compare
Complete Home Loan (First Home Buyer) (LVR 80%-95%)
Advertised rate
4.19%Variable
Upfront fee
$0
Comparison rate*
4.20%
Ongoing fee
$0
Compare
Fixed Complete Home Loan 3 Years (LVR 80%-95%)
Advertised rate
4.09%Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
4.21%
Ongoing fee
$0
Compare
Fixed Complete Home Loan 1 Year (LVR 80%-95%)
Advertised rate
3.99%Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
4.22%
Ongoing fee
$0
Compare
Premier Package Home Loan (First Home Buyer) (LVR < 80%)
Advertised rate
3.89%Variable
Upfront fee
$0
Comparison rate*
4.24%
Ongoing fee
$350 annually
Compare
Complete Home Loan (LVR 80%-95%)
Advertised rate
4.19%Variable
Upfront fee
$600.00
Comparison rate*
4.24%
Ongoing fee
$0
Compare
Premier Package Home Loan Fixed 1 Year (LVR < 80%)
Advertised rate
3.89%Fixed - 1 year
Upfront fee
$300.00
Comparison rate*
4.26%
Ongoing fee
$350 annually
Compare
Premier Package Home Loan Fixed 2 Years (LVR < 80%)
Advertised rate
3.89%Fixed - 2 years
Upfront fee
$300.00
Comparison rate*
4.26%
Ongoing fee
$350 annually
Compare
Premier Package Home Loan (LVR < 80%)
Advertised rate
3.89%Variable
Upfront fee
$300.00
Comparison rate*
4.26%
Ongoing fee
$350 annually
Compare
Premier Package Home Loan Fixed 3 Years (LVR < 80%)
Advertised rate
3.99%Fixed - 3 years
Upfront fee
$300.00
Comparison rate*
4.29%
Ongoing fee
$350 annually
Compare
Premier Package Home Loan Fixed 2 Years (LVR 80%-95%)
Advertised rate
3.89%Fixed - 2 years
Upfront fee
$300.00
Comparison rate*
4.42%
Ongoing fee
$350 annually
Compare
Premier Package Home Loan Fixed 3 Years (LVR 80%-95%)
Advertised rate
3.99%Fixed - 3 years
Upfront fee
$300.00
Comparison rate*
4.43%
Ongoing fee
$350 annually
Compare
Premier Package Home Loan Fixed 1 Year (LVR 80%-95%)
Advertised rate
3.89%Fixed - 1 year
Upfront fee
$300.00
Comparison rate*
4.44%
Ongoing fee
$350 annually
Compare
Premier Package Home Loan (First Home Buyer) (LVR 80%-95%)
Advertised rate
4.09%Variable
Upfront fee
$0
Comparison rate*
4.44%
Ongoing fee
$350 annually
Compare
Premier Package Home Loan (LVR 80%-95%)
Advertised rate
4.09%Variable
Upfront fee
$300.00
Comparison rate*
4.46%
Ongoing fee
$350 annually
Compare
Fixed Complete Investment Loan 2 Years (LVR < 80%)
Advertised rate
4.34%Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
4.51%
Ongoing fee
$0
Compare
Fixed Complete Investment Loan 3 Years (LVR < 80%)
Advertised rate
4.39%Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
4.51%
Ongoing fee
$0
Compare
Fixed Complete Investment Loan 1 Year (LVR < 80%)
Advertised rate
4.34%Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
4.52%
Ongoing fee
$0
Compare
Complete Investment Loan (LVR < 80%)
Advertised rate
4.49%Variable
Upfront fee
$600.00
Comparison rate*
4.54%
Ongoing fee
$0
Compare
Fixed Standard Home Loan 3 Years (LVR < 80%)
Advertised rate
4.09%Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
4.58%
Ongoing fee
$0
Compare
Fixed Standard Home Loan 2 Years (LVR < 80%)
Advertised rate
3.99%Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
4.61%
Ongoing fee
$0
Compare
Fixed Complete Investment Loan 3 Years (LVR 80%-95%)
Advertised rate
4.39%Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
4.66%
Ongoing fee
$0
Compare
Fixed Standard Home Loan 1 Year (LVR < 80%)
Advertised rate
3.99%Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
4.67%
Ongoing fee
$0
Compare
Fixed Complete Investment Loan 2 Years (LVR 80%-95%)
Advertised rate
4.34%Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
4.67%
Ongoing fee
$0
Compare
Fixed Complete Investment Loan 1 Year (LVR 80%-95%)
Advertised rate
4.34%Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
4.70%
Ongoing fee
$0
Compare
Fixed Standard Home Loan 3 Years (LVR 80%-95%)
Advertised rate
4.09%Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
4.72%
Ongoing fee
$0
Compare
Premier Package Investment Loan Fixed 2 Years (LVR < 80%)
Advertised rate
4.24%Fixed - 2 years
Upfront fee
$300.00
Comparison rate*
4.72%
Ongoing fee
$350 annually
Compare
Premier Package Investment Loan Fixed 3 Years (LVR < 80%)
Advertised rate
4.29%Fixed - 3 years
Upfront fee
$300.00
Comparison rate*
4.72%
Ongoing fee
$350 annually
Compare
Premier Package Investment Loan Fixed 1 Year (LVR < 80%)
Advertised rate
4.24%Fixed - 1 year
Upfront fee
$300.00
Comparison rate*
4.74%
Ongoing fee
$350 annually
Compare
Premier Package Investment Loan (LVR < 80%)
Advertised rate
4.39%Variable
Upfront fee
$300.00
Comparison rate*
4.75%
Ongoing fee
$350 annually
Compare
Fixed Standard Home Loan 2 Years (LVR 80%-95%)
Advertised rate
3.99%Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
4.77%
Ongoing fee
$0
Compare
Fixed Standard Home Loan 1 Year (LVR 80%-95%)
Advertised rate
3.99%Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
4.85%
Ongoing fee
$0
Compare
Premier Package Investment Loan Fixed 3 Years (LVR 80%-95%)
Advertised rate
4.29%Fixed - 3 years
Upfront fee
$300.00
Comparison rate*
4.87%
Ongoing fee
$350 annually
Compare
Premier Package Investment Loan Fixed 2 Years (LVR 80%-95%)
Advertised rate
4.24%Fixed - 2 years
Upfront fee
$300.00
Comparison rate*
4.88%
Ongoing fee
$350 annually
Compare
Premier Package Investment Loan Fixed 1 Year (LVR 80%-95%)
Advertised rate
4.24%Fixed - 1 year
Upfront fee
$300.00
Comparison rate*
4.91%
Ongoing fee
$350 annually
Compare
Fixed Standard Investment Loan 3 Years (LVR < 80%)
Advertised rate
4.39%Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
5.02%
Ongoing fee
$0
Compare
Fixed Standard Investment Loan 2 Years (LVR < 80%)
Advertised rate
4.34%Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
5.08%
Ongoing fee
$0
Compare
Fixed Standard Investment Loan 1 Year (LVR < 80%)
Advertised rate
4.34%Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
5.15%
Ongoing fee
$0
Compare
Fixed Standard Investment Loan 3 Years (LVR 80%-95%)
Advertised rate
4.39%Fixed - 3 years
Upfront fee
$600.00
Comparison rate*
5.17%
Ongoing fee
$0
Compare
Fixed Standard Investment Loan 2 Years (LVR 80%-95%)
Advertised rate
4.34%Fixed - 2 years
Upfront fee
$600.00
Comparison rate*
5.24%
Ongoing fee
$0
Compare
Fixed Standard Investment Loan 1 Year (LVR 80%-95%)
Advertised rate
4.34%Fixed - 1 year
Upfront fee
$600.00
Comparison rate*
5.33%
Ongoing fee
$0
Compare

How to Apply

Bank First customers can apply for a home loan online through the website or can request a consultation with a Bank First representative. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.
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