Bank of us home loan repayment calculator

Thinking about taking out a home loan with Bank of us? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Bank of us home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.29 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Suitable for low deposits.
  • Long loan terms of up to 45 years.
  • Flexible repayment schedule with weekly, fortnightly and monthly repayment options.
  • Offers discounts on interest rates.
  • Products are only available to residents of Tasmania.
  • Some products include fees.
  • Early break fees apply across the home loan product range.

Bank of us home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.29%

Fixed - 3 years

$0

2.69%

$10 monthly
Bank of us
More details

2.29%

Fixed - 2 years

$0

2.73%

$10 monthly
Bank of us
More details

2.29%

Fixed - 1 year

$0

2.77%

$10 monthly
Bank of us
More details

2.29%

Fixed - 3 years

$0

2.78%

$10 monthly
Bank of us
More details

2.79%

Variable

$0

2.81%

$10 monthly
Bank of us
More details

2.29%

Fixed - 2 years

$0

2.83%

$10 monthly
Bank of us
More details

2.29%

Fixed - 1 year

$0

2.87%

$10 monthly
Bank of us
More details

2.89%

Variable

$0

2.93%

$10 monthly
Bank of us
More details

3.03%

Variable

$1150

3.20%

$10 monthly
Bank of us
More details

3.19%

Variable

$1150

3.21%

$0
Bank of us
More details

3.29%

Variable

$1150

3.33%

$0
Bank of us
More details

3.43%

Variable

$1150

3.47%

$0
Bank of us
More details

3.32%

Variable

$1150

3.50%

$10 monthly
Bank of us
More details

3.09%

Fixed - 3 years

$0

3.60%

$10 monthly
Bank of us
More details

3.09%

Fixed - 2 years

$0

3.65%

$10 monthly
Bank of us
More details

3.45%

Variable

$1150

3.65%

$10 monthly
Bank of us
More details

2.99%

Fixed - 1 year

$0

3.69%

$10 monthly
Bank of us
More details

3.63%

Variable

$1150

3.69%

$0
Bank of us
More details

3.69%

Variable

$0

3.75%

$10 monthly
Bank of us
More details

3.93%

Variable

$1150

3.97%

$0
Bank of us
More details

3.99%

Variable

$1150

4.05%

$0
Bank of us
More details

4.13%

Variable

$1150

4.19%

$0
Bank of us
More details

4.33%

Variable

$1150

4.41%

$0
Bank of us
More details

2.99%

Fixed - 3 years

$1150

4.67%

$10 monthly
Bank of us
More details

2.99%

Fixed - 3 years

$1150

4.69%

$10 monthly
Bank of us
More details

4.61%

Variable

$650

4.78%

$10 monthly
Bank of us
More details

2.99%

Fixed - 2 years

$1150

4.83%

$10 monthly
Bank of us
More details

2.99%

Fixed - 2 years

$1150

4.85%

$10 monthly
Bank of us
More details

2.99%

Fixed - 1 year

$1150

5.02%

$10 monthly
Bank of us
More details

2.99%

Fixed - 1 year

$1150

5.04%

$10 monthly
Bank of us
More details

4.38%

Fixed - 3 years

$1150

5.07%

$10 monthly
Bank of us
More details

4.38%

Fixed - 2 years

$1150

5.13%

$10 monthly
Bank of us
More details

4.38%

Fixed - 1 year

$1150

5.19%

$10 monthly
Bank of us
More details

5.06%

Variable

$1150

5.22%

$10 monthly
Bank of us
More details

5.06%

Variable

$650

5.22%

$10 monthly
Bank of us
More details

5.06%

Variable

$1150

5.24%

$10 monthly
Bank of us
More details

5.06%

Variable

$1150

5.26%

$10 monthly
Bank of us
More details

Bank of us customer service

Bank of us is a local bank and as such face-to-face banking is only available in a select number of branches in Tasmania. The customer service centre can handle all manner of enquiries if customers would prefer to speak to someone. Alternatively, they can email Bank of us. Bank of us home loan customers can access their accounts online 24-hours a day via online banking and the company’s mobile banking app.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Branch

How to Apply

To apply for a home loan from Bank of us customers can enquire within a Tasmanian branch or get in touch with the customer service centre by phone. To simplify the process for customers Bank of us offers a call back service, or alternatively customers can apply online 24-hours a day. Before applying for any loan product customers should carefully calculate how much they can afford to borrow based on their earnings and expenses.  In addition to completing an application form Bank of us will require customers to supply a series of documents including:

  • Personal identification.
  • Personal income details.
  • Details of current debts and assets.

Learn more about Bank of us

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

Mortgage Calculator, Repayment Frequency

How often you wish to pay back your lender. 

Savings over

Select a number of years to see how much money you can save with different home loans over time.

e.g. To see how much you could save in two years by switching mortgages,  set the slider to 2.

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

Mortgage Calculator, Loan Purpose

This is what you will use the loan for – i.e. investment. 

Mortgage Calculator, Loan Results

These are the loans that may be suitable, based on your pre-selected criteria. 

What does going guarantor' mean?

Going guarantor means a person offers up the equity in their home as security for your loan. This is a serious commitment which can have major repercussions if the person is not able to make their repayments and defaults on their loan. In this scenario, the bank will legally be able to the guarantor until the debt is settled.

Not everyone can be a guarantor. Lenders will generally only allow immediate family members to act as a guarantor but this can sometimes be stretched to include extended family depending on the circumstances.

How is the flexibility score calculated?

Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.

Interest Rate

Your current home loan interest rate. To accurately calculate how much you could save, an accurate interest figure is required. If you are not certain, check your bank statement or log into your mortgage account.

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

What is a specialist lender?

Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks.

That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia.

Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks.

What is a building in course of erection loan?

Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.

What is breach of contract?

A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

Mortgage Calculator, Loan Amount

How much you intend to borrow.