Bank First Premier Package Home Loan Fixed 1 Year (LVR < 80%) | Review & Compare Home Loans

Summary
Features & fees
Similar
About

Advertised Rate

3.14%

Fixed - 1 year

Comparison Rate*

3.83%

Maximum LVR

80%

Real Time Rating™

3.56 / 5

Monthly Repayment

$1,445

Pros and Cons

Pros

Parents can sign as guarantor
Extra repayments + redraw services
Free redraw facility
Repayments will not change during fixed period

Cons

Limited extra repayments
Annual fee charged
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 - 1 year
Borrowing range $50k - $100m Calculate how much you can borrow	Total Repayments $433,500 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 $300	Application fee $300
Settlement fee $0	Valuation fee $0
Legal fee $0	Ongoing fee $350
Discharge fee $350	Property Type
SMSF Trustee	Minimum SMSF Amount

Other Benefits

First Home Buyer loans offer up to 98% LVR for "Niche" borrowers. No annual fee for Visa Platinum Credit Card. Personal loan establishment fee will be waived. Discounts on premium CGU insurance policies.

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Lower Rate

UHomeLoan Fixed OO (Principal and Interest) 1 Year

Real Time Rating™

3.22 / 5

Advertised Rate

Comparison Rate*

2.74%

Fixed - 1 year

3.38%

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

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More Flexibility

Great Rate Fixed Home Loan (NSW, ACT & QLD only) 1 Year

Real Time Rating™

3.14 / 5

Advertised Rate

Comparison Rate*

2.79%

Fixed - 1 year

3.82%

special

Borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage

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Major Banks

Simplicity PLUS Home Loan (Principal and Interest) (LVR < 80%) (New Customer)

Real Time Rating™

4.09 / 5

Advertised Rate

Comparison Rate*

3.12%

Variable

3.16%

special

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

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Generic

Well Balanced Home Loan Fixed (Principal and Interest) 2 Years (LVR < 80%)

Real Time Rating™

4.54 / 5

Advertised Rate

Comparison Rate*

2.68%

Fixed - 2 years

2.75%

No ongoing fees
100% full offset account
Extra repayments + redraw services
Free redraw facility

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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
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