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Bank First

Equity Line of Credit

Advertised Rate

4.39

% p.a

Variable

Comparison Rate*

4.72

% p.a

Maximum LVR
90%
Real Time Rating™

0.85

/ 5
Monthly Repayment

$1,649

based on $300,000 loan amount for 25 years at 4.39%

Advertised Rate

4.39

% p.a

Variable

Comparison Rate*

4.72

% p.a

Maximum LVR
90%
Real Time Rating™

0.85

/ 5
Monthly Repayment

$1,649

based on $300,000 loan amount for 25 years at 4.39%

Calculate your repayments for this loan

I'd like to borrow

$

Loan term

years

Your estimated repayment

$1,649

based on $300,000 loan amount for 25 years at 4.39%

Bank First home loans are available through brokers who can help find the right loan and manage your application at no charge.

Daniel Tetlaw

Get expert advice from a home loans specialist.

I enjoy working with clients to understand their goals and deliver great outcomes for their unique situations. This requires flexibility, dotting every ‘i’, crossing every ‘t’, and striving to over deliver on my clients’ needs and expectations.

Response time: in 31 minutes | Our brokers call during business hours between 9.00am to 6.00pm.

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Quick home loan review

For Equity Line of Credit Home Loan

These are the benefits of this home loan.

  • Parents can sign as guarantor

These are the drawbacks of this home loan.

  • No extra repayments
  • No redraw and no offset
  • Higher than average interest rate
  • Ongoing fee
  • Higher than average upfront fee
  • Discharge fee at end of loan
  • No repayment holidays

Home loan overview

For Equity Line of Credit Home Loan

Details

Maximum LVR

90%

Total Repayments

Next LVR

Interest rate type

Variable

Borrowing range

Suitable for

Line of Credit, Owner Occupiers

Loan term range

1 - 30 years

Principal & interest

Interest only

Applicable states

ACT, NSW, NT, QLD, SA, TAS, VIC, WA

Make repayments

Fortnightly, Monthly, Weekly

Features

Extra repayments

Not Allowed

Redraw facility

Split interest facility

Loan portable

Repayment holiday available

Allow guarantors

Available for first home buyers

Fees

Total estimated upfront fees

300

Application fee

300

Valuation fee

$0

Settlement fee

0

Other upfront fee

0

Ongoing fee

$300 annually

Discharge fee

395

Application method

Online

Phone

In branch

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FAQs

What is the minimum amount you can apply for?

The range you can borrow from this loan is $5k to $99,999,999.

What's the minimum deposit needed for this loan?

This loan option comes with a maximum loan-to-value ratio of 90 percent, which means it requires a minimum deposit of 10 percent

What's the maximum length for this loan?

Bank First allows you to have this loan for a range of 1 to 30 years.

How often can you make repayments?

Bank First allows you to make repayments to this loan option through one of the following repayment schedules: fortnightly, monthly, weekly.

How much will the upfront fees be for this loan?

While it could change based on your circumstances, RateCity estimates that this loan option comes with $300 worth of upfront fees.

Does this loan come with a redraw facility?

No, this loan doesn't come with a redraw facility.

Where can you apply for this loan?

Bank First makes it possible to apply for this product online. Apply here.

Can a broker help me with this loan?

Yes, this Bank First loan is available through a broker. Find a broker to help you with your needs.