Bank First Fixed Complete Home Loan 4 Years (LVR < 80%) | Review & Compare Home Loans

Summary
Features & fees
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About

Advertised Rate

3.54%

Fixed - 4 years

Comparison Rate*

3.67%

Maximum LVR

80%

Real Time Rating™

3.54 / 5

Monthly Repayment

$1,128

Pros and Cons

Pros

No ongoing fees
Parents can sign as guarantor
Extra repayments + redraw services
Free redraw facility

Cons

Limited extra repayments
Discharge fee at end of loan
Repayments won't decrease if RBA cuts rates

Bank First Fees and Features

Maximum LVR 80%	Interest rate structure Fixed - 4 years
Borrowing range $50k - $100m Calculate how much you can borrow	Total Repayments $406,080 View repayment schedule »
Principal & interest	Interest only
Loan term range 1 - 30 years	Offset account No
Extra repayments Allowed with restrictions	Redraw facility Redraw fee: $0
Allows split interest	Suitable For Owner Occupiers
Applicable States ACT, NSW, NT, QLD, SA, TAS, VIC, WA	Make Repayments Fortnightly, Monthly, Weekly
Estimated upfront fees $600	Application fee $600
Settlement fee $0	Valuation fee $0
Legal fee $0	Ongoing fee $0
Discharge fee $350	Property Type
SMSF Trustee	Minimum SMSF Amount
Aggregator

Other Benefits

First Home Buyer loans offer up to 98% LVR for "Niche" borrowers

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Rate Lovers Variable Home Loan (Principal and Interest) (LVR 70%-80%)

Real Time Rating™

4.42 / 5

Advertised Rate

Comparison Rate*

2.77%

Variable

2.79%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

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More Flexibility

UHomeLoan Fixed OO (Principal and Interest) 5 Years

Real Time Rating™

3.75 / 5

Advertised Rate

Comparison Rate*

2.94%

Fixed - 5 years

3.19%

No upfront or ongoing fees
Repayments will not change during fixed period

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Major Banks

Breakfree Package Fixed Rate Home Loan (Low Doc) 4 Years

Real Time Rating™

3.66 / 5

Advertised Rate

Comparison Rate*

3.08%

Fixed - 4 years

4.29%

special

Conveyancing fee rebate up to $1,000 for first home buyers

Generic

Variable Home Loan (Principal and Interest) (Refinance)

Real Time Rating™

4.24 / 5

Advertised Rate

Comparison Rate*

2.84%

Variable

2.80%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

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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.

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