- Home
- Home Loans
- Bank First
- Premier Package Home Loan (LVR < 80%) Introductory Rate
Premier Package with Introductory Rate (Owner Occupied)
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.40%
Comparison rate* p.a.
7.00%
Premier Package with Introductory Rate (Owner Occupied)
- Owner Occupied
- Variable
- 20% min deposit
- P&I
Interest rate p.a.
6.40%
Comparison rate* p.a.
7.00%
Calculate your repayments for this loan
Your estimated repayment
$3,128
based on 500000 loan amount for 25 years at 6.4%
Monthly Repayment
$3,128
Total interest
$625,911
Total payments
$1,125,911
Start date
05-2024
End date
05-2049
Pros and Cons
For Premier Package with Introductory Rate (Owner Occupied)
Benefits
- Interest rates ranked in the best 20%
- 100% full offset account
- Parents can sign as guarantor
- Extra repayments and redraw facility
- Free redraw facility
- Split account option
Drawbacks
- Loan reverts to higher rate after introductory period
- Ongoing fee
- Higher than average upfront fee
- Discharge fee at end of loan
Bank First Intro 36 months Rate Home Loan overview
For Premier Package Home Loan (LVR < 80%) Introductory Rate
Details
Maximum LVR
80%
Total repayments
$1,125,911
Interest rate type
Intro 36 months
Borrowing range
$200k - $2m
Suitable for
Owner Occupiers
Loan term range
1 - 30 years
Repayment type
Principal and Interest
Applicable states
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Repayment options
Fortnightly, Monthly, Weekly
Target Market Determination
Visit Bank First - Victoria Teachers Limited to view Target Market Determination.
Features
Extra repayments
Unlimited
Redraw facility
Redraw fee: $0
Offset account
Split interest facility
Loan portability
Repayment holiday available
Allow guarantors
Available for first home buyers
Other benefits
Premier Package annual fee of $390 will be waived for the first year and charged annually thereafter.
Fees
Total estimated upfront fees
$400
Application fee
$0
Legal fee
$0
Valuation fee
$0
Settlement fee
$400
Other upfront fee
$0
Ongoing fee
$390
Discharge fee
$395
Other Restrictions
Not available to existing Bank First owner occupied or investment home loan customers. Not available in conjunction with any other offer.
