Bank First Premier Package Home Loan Fixed 3 Years (LVR < 80%) | Review & Compare Home Loans

Summary
Features & fees
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About

Advertised Rate

3.29%

Fixed - 3 years

Comparison Rate*

3.81%

Maximum LVR

80%

Real Time Rating™

3.67 / 5

Monthly Repayment

$1,094

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 - 3 years
Borrowing range $50k - $100m Calculate how much you can borrow	Total Repayments $393,840 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
Aggregator

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.

Compare and review home loans with similar features

Lower Rate

Fixed Home Loan 3 year (Principal and Interest)

Real Time Rating™

3.89 / 5

Advertised Rate

Comparison Rate*

2.88%

Fixed - 3 years

3.31%

Repayments will not change during fixed period

Enquire Now

More Flexibility

Standard Fixed Rate Home Loan (Principal and Interest) (New Customer) 3 Years ($150k+, LVR < 90%)

Real Time Rating™

3.24 / 5

Advertised Rate

Comparison Rate*

2.99%

Fixed - 3 years

3.72%

Repayments will not change during fixed period

Enquire Now

Major Banks

Fixed Options Home Loan (Principal and Interest) 3 Years

Real Time Rating™

3.01 / 5

Advertised Rate

Comparison Rate*

3.18%

Fixed - 3 years

4.53%

Suitable for low deposits
Parents can sign as guarantor
Extra repayments + redraw services
Free redraw facility

Generic

Fixed Rate Home Loan (Principal and Interest) (NSW and ACT only) 3 Years (LVR < 90%)

Real Time Rating™

4.11 / 5

Advertised Rate

Comparison Rate*

2.84%

Fixed - 3 years

3.37%

Extra repayments + redraw services
Free redraw facility
Repayments will not change during fixed period

Enquire Now

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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