Beyond Bank home loan repayment calculator

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

I'd like to borrow

$

I am an

Loan term

With a repayment type

Your estimated repayments

at interest rate 2.90 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Pros
  • Flexible home loan products.
  • Multiple points of contact.
  • Low deposit requirements.
Cons
  • Moderate to high fees for some features.

Beyond Bank home loans rates

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

2.90%

Variable

$0

3.32%

$395 annually
Beyond Bank Australia
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3.20%

Variable

$200

3.61%

$395 annually
Beyond Bank Australia
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3.24%

Variable

$0

3.65%

$395 annually
Beyond Bank Australia
More details

3.24%

Variable

$0

3.65%

$395 annually
Beyond Bank Australia
More details

3.33%

Variable

$200

3.74%

$395 annually
Beyond Bank Australia
More details

3.74%

Variable

$0

3.75%

$0
Beyond Bank Australia
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2.99%

Fixed - 5 years

$0

3.79%

$395 annually
Beyond Bank Australia
More details

2.29%

Fixed - 2 years

$0

3.81%

$395 annually
Beyond Bank Australia
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2.99%

Fixed - 4 years

$0

3.83%

$395 annually
Beyond Bank Australia
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2.89%

Fixed - 3 years

$0

3.85%

$395 annually
Beyond Bank Australia
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2.89%

Fixed - 2 years

$0

3.91%

$395 annually
Beyond Bank Australia
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3.14%

Fixed - 3 years

$0

3.92%

$395 annually
Beyond Bank Australia
More details

3.53%

Variable

$0

3.93%

$395 annually
Beyond Bank Australia
More details

3.14%

Fixed - 2 years

$0

3.96%

$395 annually
Beyond Bank Australia
More details

3.95%

Variable

$0

3.96%

$0
Beyond Bank Australia
More details

2.89%

Fixed - 1 year

$0

3.98%

$395 annually
Beyond Bank Australia
More details

3.29%

Fixed - 5 years

$0

3.99%

$0
Beyond Bank Australia
More details

3.14%

Fixed - 1 year

$0

4.00%

$395 annually
Beyond Bank Australia
More details

2.79%

Fixed - 3 years

$0

4.04%

$395 annually
Beyond Bank Australia
More details

3.65%

Variable

$0

4.05%

$395 annually
Beyond Bank Australia
More details

3.29%

Fixed - 5 years

$0

4.07%

$395 annually
Beyond Bank Australia
More details

3.29%

Fixed - 4 years

$0

4.07%

$0
Beyond Bank Australia
More details

3.44%

Fixed - 5 years

$645

4.08%

$0
Beyond Bank Australia
More details

3.09%

Fixed - 3 years

$0

4.11%

$395 annually
Beyond Bank Australia
More details

3.29%

Fixed - 4 years

$0

4.12%

$395 annually
Beyond Bank Australia
More details

2.79%

Fixed - 2 years

$0

4.13%

$395 annually
Beyond Bank Australia
More details

3.19%

Fixed - 3 years

$0

4.13%

$0
Beyond Bank Australia
More details

3.44%

Fixed - 4 years

$645

4.15%

$0
Beyond Bank Australia
More details

3.09%

Fixed - 2 years

$0

4.18%

$395 annually
Beyond Bank Australia
More details

3.34%

Fixed - 3 years

$645

4.20%

$0
Beyond Bank Australia
More details

3.80%

Variable

$0

4.21%

$395 annually
Beyond Bank Australia
More details

3.19%

Fixed - 2 years

$0

4.24%

$0
Beyond Bank Australia
More details

3.09%

Fixed - 1 year

$0

4.25%

$395 annually
Beyond Bank Australia
More details

4.24%

Variable

$0

4.25%

$0
Beyond Bank Australia
More details

3.59%

Fixed - 5 years

$0

4.28%

$0
Beyond Bank Australia
More details

3.34%

Fixed - 2 years

$645

4.29%

$0
Beyond Bank Australia
More details

3.94%

Variable

$0

4.33%

$395 annually
Beyond Bank Australia
More details

3.19%

Fixed - 1 year

$0

4.35%

$0
Beyond Bank Australia
More details

3.59%

Fixed - 4 years

$0

4.36%

$0
Beyond Bank Australia
More details

3.59%

Fixed - 5 years

$200

4.36%

$395 annually
Beyond Bank Australia
More details

3.74%

Fixed - 5 years

$645

4.37%

$0
Beyond Bank Australia
More details

3.29%

Fixed - 3 years

$200

4.38%

$395 annually
Beyond Bank Australia
More details

3.34%

Fixed - 1 year

$645

4.39%

$0
Beyond Bank Australia
More details

3.39%

Fixed - 3 years

$0

4.40%

$0
Beyond Bank Australia
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3.39%

Fixed - 3 years

$200

4.41%

$395 annually
Beyond Bank Australia
More details

3.59%

Fixed - 4 years

$200

4.41%

$395 annually
Beyond Bank Australia
More details

3.74%

Fixed - 4 years

$645

4.44%

$0
Beyond Bank Australia
More details

3.29%

Fixed - 2 years

$200

4.45%

$395 annually
Beyond Bank Australia
More details

3.39%

Fixed - 2 years

$200

4.47%

$395 annually
Beyond Bank Australia
More details

3.54%

Fixed - 3 years

$645

4.47%

$0
Beyond Bank Australia
More details

4.45%

Variable

$645

4.49%

$0
Beyond Bank Australia
More details

4.09%

Variable

$0

4.50%

$395 annually
Beyond Bank Australia
More details

3.39%

Fixed - 2 years

$0

4.51%

$0
Beyond Bank Australia
More details

4.10%

Variable

$0

4.51%

$395 annually
Beyond Bank Australia
More details

3.39%

Fixed - 1 year

$200

4.54%

$395 annually
Beyond Bank Australia
More details

4.54%

Variable

$0

4.55%

$0
Beyond Bank Australia
More details

3.54%

Fixed - 2 years

$645

4.56%

$0
Beyond Bank Australia
More details

3.89%

Fixed - 5 years

$0

4.58%

$0
Beyond Bank Australia
More details

3.39%

Fixed - 1 year

$0

4.63%

$0
Beyond Bank Australia
More details

4.24%

Variable

$0

4.63%

$395 annually
Beyond Bank Australia
More details

4.24%

Variable

$0

4.64%

$395 annually
Beyond Bank Australia
More details

3.89%

Fixed - 4 years

$0

4.66%

$0
Beyond Bank Australia
More details

3.54%

Fixed - 1 year

$645

4.67%

$0
Beyond Bank Australia
More details

4.04%

Fixed - 5 years

$645

4.67%

$0
Beyond Bank Australia
More details

3.69%

Fixed - 3 years

$0

4.69%

$0
Beyond Bank Australia
More details

4.04%

Fixed - 4 years

$645

4.74%

$0
Beyond Bank Australia
More details

3.84%

Fixed - 3 years

$645

4.76%

$0
Beyond Bank Australia
More details

4.74%

Variable

$645

4.78%

$0
Beyond Bank Australia
More details

3.69%

Fixed - 2 years

$0

4.80%

$0
Beyond Bank Australia
More details

3.84%

Fixed - 2 years

$645

4.86%

$0
Beyond Bank Australia
More details

3.69%

Fixed - 1 year

$0

4.92%

$0
Beyond Bank Australia
More details

4.89%

Variable

$645

4.94%

$0
Beyond Bank Australia
More details

3.84%

Fixed - 1 year

$645

4.97%

$0
Beyond Bank Australia
More details

Beyond Bank Australia customer service

Beyond Bank has a moderate branch network and a call centre open six days per week. It also offers online banking services 24/7, mobile banking services and live chat. Most of its branches are located in NSW and the ACT.

  • Customer service centre (phone) – open 6 days a week
  • Phone banking available
  • Live Chat
  • Online banking
  • Email
  • Branch
  • Mobile banking staff
  • Mobile apps

How to Apply

Beyond Bank customers can apply for a home loan online or seek assistance from a customer service representative by phone, email or chat. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.

About Beyond Bank Australia home loans

Beyond Bank Australia home loans are suited to a variety of mortgage customers:

  • First home buyers
  • Upgraders
  • Investors
  • Refinancers
  • Renovators

Borrowers who take out Beyond Bank Australia home loans can choose from a variety of interest rate options:

  • Principal-and-interest home loans
  • Interest-only home loans
  • Variable interest rates
  • Fixed interest rates
  • Split loans

Beyond Bank Australia mortgages have maximum loan terms of 30 years. Additional repayments are allowed on some products. Depending on the Beyond Bank home loan you choose, you may also be offered offset accounts and redraw facilities.

Mortgage borrowers may also enjoy special discounts by combining a Beyond Bank Australia home loan with another Beyond Bank product, such as low-rate credit cards.

Beyond Bank Australia home loan rates tend to be in the middle of the spectrum, ranging between moderately low and moderately high. Fees vary from product to product, with some waiving establishment fees.

Beyond Bank Australia home loan rates

Beyond Bank Australia home loan rates vary from product to product, but generally tend to be middle of the market. Generally speaking, they don’t offer the lowest rates, but their rates are lower than those charged by the big banks.

As a challenger lender, Beyond Bank must find ways to stand out from Australia’s big four banks. Their need to differentiate is one reason they offer lower rates. Another reason is that the bank is owned by its customers rather than shareholders, which means it doesn’t have the same imperative to maximise profits.

Beyond Bank Australia has a range of home loan products that each come with unique interest rates. As a general rule, owner-occupiers are given lower interest rates than investors and variable loans are cheaper than fixed-rate loans. Interest rates can be fixed for up to five years; generally, the rate will go up as the term lengthens.

Beyond Bank Australia home loans review

Beyond Bank Australia is not one of Australia’s big four banks, and therefore it doesn’t provide the same range of home loan products as its larger competitors. It does, however, tend to charge lower rates than the big four banks.

Beyond Bank Australia home loan rates tend to be moderately low to moderate, with owner-occupier loans leaning toward the moderately low range. Investors who pay principal and interest on their variable home loan can typically find moderately low rates as well.

While Beyond Bank’s rates are generally on the cheaper end of the spectrum, its fees are more likely to be moderate than market-leading. Both upfront and ongoing fees typically sit within the moderate to moderately high range. These fees include one-off establishment fees, settlement fees and monthly account-keeping fees.

Learn more about Beyond Bank

What is a variable home loan?

A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.

What happens to my home loan when interest rates rise?

If you are on a variable rate home loan, every so often your rate will be subject to increases and decreases. Rate changes are determined by your lender, not the Reserve Bank of Australia, however often when the RBA changes the cash rate, a number of banks will follow suit, at least to some extent. You can use RateCity cash rate to check how the latest interest rate change affected your mortgage interest rate.

When your rate rises, you will be required to pay your bank more each month in mortgage repayments. Similarly, if your interest rate is cut, then your monthly repayments will decrease. Your lender will notify you of what your new repayments will be, although you can do the calculations yourself, and compare other home loan rates using our mortgage calculator.

There is no way of conclusively predicting when interest rates will go up or down on home loans so if you prefer a more stable approach consider opting for a fixed rate loan.

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.

What is the difference between fixed, variable and split rates?

Fixed rate

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

Variable rate

A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.

Split rates home loans

A split loan lets you fix a portion of your loan, and leave the remainder on a variable rate so you get a bet each way on fixed and variable rates. A split loan is a good option for someone who wants the peace of mind that regular repayments can provide but still wants to retain some of the additional features variable loans typically provide such as an offset account. Of course, with most things in life, split loans are still a trade-off. If the variable rate goes down, for example, the lower interest rates will only apply to the section that you didn’t fix.

What is a bad credit home loan?

A bad credit home loan is a mortgage for people with a low credit score. Lenders regard bad credit borrowers as riskier than ‘vanilla’ borrowers, so they tend to charge higher interest rates for bad credit home loans.

If you want a bad credit home loan, you’re more likely to get approved by a small non-bank lender than by a big four bank or another mainstream lender.

What is a comparison rate?

The comparison rate is a more inclusive way of comparing home loans that factors in not only on the interest rate but also the majority of upfront and ongoing charges that add to the total cost of a home loan.

The rate is calculated using an industry-wide formula based on a $150,000 loan over a 25-year period and includes things like revert rates after an introductory or fixed rate period, application fees and monthly account keeping fees.

In Australia, all lenders are required by law to publish the comparison rate alongside their advertised rate so people can compare products easily.

What is the best interest rate for a mortgage?

The fastest way to find out what the lowest interest rates on the market are is to use a comparison website.

While a low interest rate is highly preferable, it is not the only factor that will determine whether a particular loan is right for you.

Loans with low interest rates can often include hidden catches, such as high fees or a period of low rates which jumps up after the introductory period has ended.

To work out the best value for money, have a look at a loan’s comparison rate and read the fine print to get across all the fees and charges that you could be theoretically charged over the life of the loan.

Do the big four banks have guarantor home loans?

Yes, ANZ, Commonwealth Bank, NAB and Westpac all offer guarantor home loans. These mortgages are also offered by many other banks, credit unions and building societies.

How do I refinance my home loan?

Refinancing your home loan can involve a bit of paperwork but if you are moving on to a lower rate, it can save you thousands of dollars in the long-run. The first step is finding another loan on the market that you think will save you money over time or offer features that your current loan does not have. Once you have selected a couple of loans you are interested in, compare them with your current loan to see if you will save money in the long term on interest rates and fees. Remember to factor in any break fees and set up fees when assessing the cost of switching.

Once you have decided on a new loan it is simply a matter of contacting your existing and future lender to get the new loan set up. Beware that some lenders will revert your loan back to a 25 or 30 year term when you refinance which may mean initial lower repayments but may cost you more in the long run.

Who has the best home loan?

Determining who has the ‘best’ home loan really does depend on your own personal circumstances and requirements. It may be tempting to judge a loan merely on the interest rate but there can be added value in the extras on offer, such as offset and redraw facilities, that aren’t available with all low rate loans.

To determine which loan is the best for you, think about whether you would prefer the consistency of a fixed loan or the flexibility and potential benefits of a variable loan. Then determine which features will be necessary throughout the life of your loan. Thirdly, consider how much you are willing to pay in fees for the loan you want. Once you find the perfect combination of these three elements you are on your way to determining the best loan for you. 

How do I know if I have to pay LMI?

Each lender has its own policies, but as a general rule you will have to pay lender’s mortgage insurance (LMI) if your loan-to-value ratio (LVR) exceeds 80 per cent. This applies whether you’re taking out a new home loan or you’re refinancing.

If you’re looking to buy a property, you can use this LMI calculator to work out how much you’re likely to be charged in LMI.

What happens when you default on your mortgage?

A mortgage default occurs when you are 90 days or more behind on your mortgage repayments. Late repayments will often incur a late fee on top of the amount owed which will continue to gather interest along with the remaining principal amount.

If you do default on a mortgage repayment you should try and catch up in next month’s payment. If this isn’t possible, and missing payments is going to become a regular issue, you need to contact your lender as soon as possible to organise an alternative payment schedule and discuss further options.

You may also want to talk to a financial counsellor. 

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time. 

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

How can I get a home loan with no deposit?

Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.