Total Home Loan Package All in One Home Loan ($50k+)
- No upfront fees
- Parents can sign as guarantor
- Repayments may decrease if RBA cuts rates
- No extra repayments
- No redraw and no offset
- Annual fee charged
- Discharge fee at end of loan
Interest rate structure
$50k - $100m
Principal & interest
Loan term range
5 - 25 years
Allows split interest
Line of Credit, Owner Occupiers
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
Beyond Bank Australia is a bank that is owned by its customers rather than shareholders. The bank has over 200,000 customers, over 40 bank branches and over 3,000 ATMs Australia-wide. Beyond Bank Australia has headquarters in South Australia, the Australian Capital Territory, Western Australia and New South Wales.
Beyond Bank Australia provides a variety of home loan products with interest rates that tend to range between moderately low and moderately high.
An offset account functions as a transaction account that is linked to your home loan. The balance of this account is offset daily against the loan amount and reduces the amount of principal that you pay interest on.
By using an offset account it’s possible to reduce the length of your loan and the total amount of interest payed by thousands of dollars.
Example: If you have a mortgage of $500,000 but holding an offset account with $50,000, you will only pay interest on $450,000 rather then $500,000.
The standard variable rate (SVR) is the interest rate a lender applies to their standard home loan. It is a variable interest rate which is normally used as a benchmark from which they price their other variable rate home loan products.
A standard variable rate home loan typically includes most, if not all the features the lender has on offer, such as an offset account, but it often comes with a higher interest rate attached than their most ‘basic’ product on offer (usually referred to as their basic variable rate mortgage).
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.