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Owner occupied Bluestone home loan rates

TMD

Loan typePrincipal & Interest rateInterest Only
Prime Home Loan (Min Deposit 40%)
n/a
3.74% p.a.
3.79% p.a. Comparison rate
Prime Home Loan (Min Deposit 35%)
n/a
3.79% p.a.
3.84% p.a. Comparison rate
Prime Home Loan (Min Deposit 30%)
n/a
4.19% p.a.
4.24% p.a. Comparison rate
Prime Home Loan (Min Deposit 25%)
n/a
4.04% p.a.
4.09% p.a. Comparison rate
Prime Home Loan (Min Deposit 20%)
n/a
4.04% p.a.
4.09% p.a. Comparison rate
Prime Self-Employed Home Loan (Min Deposit 35%)
n/a
4.19% p.a.
4.24% p.a. Comparison rate
Prime Self-Employed Home Loan (Min Deposit 40%)
n/a
4.19% p.a.
4.24% p.a. Comparison rate
Prime Self-Employed Home Loan (Min Deposit 20%)
n/a
4.34% p.a.
4.39% p.a. Comparison rate
Prime Self-Employed Home Loan (Min Deposit 25%)
n/a
4.34% p.a.
4.39% p.a. Comparison rate
Prime Home Loan (Min Deposit 15%)
n/a
4.44% p.a.
4.49% p.a. Comparison rate
Near Prime Home Loan (Min Deposit 40%)
n/a
4.24% p.a.
4.51% p.a. Comparison rate
Near Prime Home Loan (Min Deposit 35%)
n/a
4.34% p.a.
4.62% p.a. Comparison rate
Near Prime Home Loan (Min Deposit 30%)
n/a
4.34% p.a.
4.62% p.a. Comparison rate
Near Prime Self-Employed Home Loan (Min Deposit 40%)
n/a
4.49% p.a.
4.77% p.a. Comparison rate
Near Prime Home Loan (Min Deposit 25%)
n/a
4.59% p.a.
4.92% p.a. Comparison rate
Near Prime Self-Employed Home Loan (Min Deposit 30%)
n/a
4.59% p.a.
4.87% p.a. Comparison rate
Near Prime Self-Employed Home Loan (Min Deposit 35%)
n/a
4.59% p.a.
4.87% p.a. Comparison rate
Prime Home Loan (Min Deposit 10%)
n/a
4.59% p.a.
4.64% p.a. Comparison rate
Near Prime Home Loan (Min Deposit 20%)
n/a
4.59% p.a.
4.94% p.a. Comparison rate
Near Prime Self-Employed Home Loan (Min Deposit 25%)
n/a
4.89% p.a.
5.22% p.a. Comparison rate
Near Prime Self-Employed Home Loan (Min Deposit 20%)
n/a
4.89% p.a.
5.24% p.a. Comparison rate
Prime Self-Employed Home Loan (Min Deposit 15%)
n/a
5.24% p.a.
5.29% p.a. Comparison rate
Near Prime Home Loan (Min Deposit 15%)
n/a
5.49% p.a.
5.87% p.a. Comparison rate
Near Prime Self-Employed Home Loan (Min Deposit 15%)
n/a
5.89% p.a.
6.27% p.a. Comparison rate
Specialist Home Loan (Min Deposit 30%)
5.39% p.a.
5.66% p.a. Comparison rate
n/a
Specialist Home Loan (Min Deposit 35%)
5.39% p.a.
5.66% p.a. Comparison rate
n/a
Specialist Home Loan (Min Deposit 25%)
5.99% p.a.
6.37% p.a. Comparison rate
n/a
Specialist Home Loan (Min Deposit 20%)
5.99% p.a.
6.4% p.a. Comparison rate
n/a

Investment purpose Bluestone home loan rates

TMD

Loan typePrincipal & Interest rateInterest Only
Prime Investment Loan (Min Deposit 30%)
4.09% p.a.
4.14% p.a. Comparison rate
n/a
Prime Investment Loan (Min Deposit 25%)
4.29% p.a.
4.34% p.a. Comparison rate
n/a
Prime Investment Loan (Min Deposit 20%)
4.29% p.a.
4.34% p.a. Comparison rate
n/a
Prime Investment Loan (Min Deposit 15%)
4.69% p.a.
4.74% p.a. Comparison rate
n/a

Bluestone home loan calculator

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

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated mortgage repayments

at interest rate 3.49%

Total interest payable

$0

Total loan repayments

$0

Contact a mortgage broker

Bluestone homeloans are vailable through brokers who can help find the right loan and manage your application at no charge.

Lee HAO
5.0
326 Reviews
Lee is a graduate of Monash University with a Bachelor of Commerce and Arts. Lee is strongly passionate about the real estate market and banks since he was a student. Driven by this passion, together with experience in consulting companies and banks, Lee hopes to educate and guide her clients throughout their real estate ownership journey. Lee believes in placing the clients at the centre of every relationship and building trust through honesty and reliability. 'I want to empower my clients' every property dream and hope to service them until they retire with rent.' 'I will not try to sell you a deal that I will not sell it to my mom.' That's his principle. We are here to fight for the best possible deal for every customer. We have a great relationship with more than 30 lenders. Not that they happen to be on our panel but we actually settled with them and know their policies and procedure inside out. We do not recommend any lenders or products without a personalized and on time research for you. So our process ensure the deals we present are in your best interest hot and fresh. Our standard operation procedure is: 1) Free consultation by phone or zoom to understand your needs. Answer your burning questions. 2) Collect information, facts and document to conduct research for you. Give us a chance and allow us to make a positive impact on your personal finance; Research will usually take 2-3 business days. For more complicate cases may take longer on notice case by case. 3) Present solutions via zoom or in person. 30-60 mins. Also including a property purchase or investment strategy session. 4) Once you made the decision it takes 2-10 business days to proceed and obtain a pre-approval or refinance formal approval. Other days and procedure will be designed and notice according to your situation. 5) Free after settlement review every year too. Service Satisfaction guarantee!!** Call me and let's chat.
VIC3128
CRN: 484532

Learn more about home loans

When do mortgage payments start after settlement?

Generally speaking, your first mortgage payment falls due one month after the settlement date. However, this may vary based on your mortgage terms. You can check the exact date by contacting your lender.

Usually your settlement agent will meet the seller’s representatives to exchange documents at an agreed place and time. The balance purchase price is paid to the seller. The lender will register a mortgage against your title and give you the funds to purchase the new home.

Once the settlement process is complete, the lender allows you to draw down the loan. The loan amount is debited from your loan account. As soon as the settlement paperwork is sorted, you can collect the keys to your new home and work your way through the moving-in checklist.

Why does Westpac charge an early termination fee for home loans?

The Westpac home loan early termination fee or break cost is applicable if you have a fixed rate home loan and repay part of or the whole outstanding amount before the fixed period ends. If you’re switching between products before the fixed period ends, you’ll pay a switching break cost and an administrative fee. 

The Westpac home loan early termination fee may not apply if you repay an amount below the prepayment threshold. The prepayment threshold is the amount Westpac allows you to repay during the fixed period outside your regular repayments.

Westpac charges this fee because when you take out a home loan, the bank borrows the funds with wholesale rates available to banks and lenders. Westpac will then work out your interest rate based on you making regular repayments for a fixed period. If you repay before this period ends, the lender may incur a loss if there is any change in the wholesale rate of interest.

What are the features of home loans for expats from Westpac?

If you’re an Australian citizen living and working abroad, you can borrow to buy a property in Australia. With a Westpac non-resident home loan, you can borrow up to 80 per cent of the property value to purchase a property whilst living overseas. The minimum loan amount for these loans is $25,000, with a maximum loan term of 30 years.

The interest rates and other fees for Westpac non-resident home loans are the same as regular home loans offered to borrowers living in Australia. You’ll have to submit proof of income, six-month bank statements, an employment letter, and your last two payslips. You may also be required to submit a copy of your passport and visa that shows you’re allowed to live and work abroad.

Cash or mortgage – which is more suitable to buy an investment property?

Deciding whether to buy an investment property with cash or a mortgage is a matter or personal choice and will often depend on your financial situation. Using cash may seem logical if you have the money in reserve and it can allow you to later use the equity in your home. However, there may be other factors to think about, such as whether there are other debts to pay down and whether it will tie up all of your spare cash. Again, it’s a personal choice and may be worth seeking personal advice.

A mortgage is a popular option for people who don’t have enough cash in the bank to pay for an investment property. Sometimes when you take out a mortgage you can offset your loan interest against the rental income you may earn. The rental income can also help to pay down the loan.

When does Commonwealth Bank charge an early exit fee?

When you take out a fixed interest home loan with the Commonwealth Bank, you’re able to lock the interest for a particular period. If the rates change during this period, your repayments remain unchanged. If you break the loan during the fixed interest period, you’ll have to pay the Commonwealth Bank home loan early exit fee and an administrative fee.

The Early Repayment Adjustment (ERA) and Administrative fees are applicable in the following instances:

  • If you switch your loan from fixed interest to variable rate
  • When you apply for a top-up home loan
  • If you repay over and above the annual threshold limit, which is $10,000 per year during the fixed interest period
  • When you prepay the entire outstanding loan balance before the end of the fixed interest duration.

The fee calculation depends on the interest rates, the amount you’ve repaid and the loan size. You can contact the lender to understand more about what you may have to pay. 

Does Australia have no cost refinancing?

No Cost Refinancing is an option available in the US where the lender or broker covers your switching costs, such as appraisal fees and settlement costs. Unfortunately, no cost refinancing isn’t available in Australia.

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How much information is required to get a rating?

You don’t need to input any information to see the default ratings. But the more you tell us, the more relevant the ratings will become to you. We take your personal privacy seriously. If you are concerned about inputting your information, please read our privacy policy.

Does Australia have no-deposit home loans?

Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.

However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.

Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.

How do you determine which home loan rates/products I’m shown?

When you check your home loan rate, you’ll supply some basic information about your current loan, including the amount owing on your mortgage and your current interest rate.

We’ll compare this information to the home loan options in the RateCity database and show you which home loan products you may be eligible to apply for.

 

What is a property report estimate?

A property report estimate is an approximate calculation of a property’s value, found in an online property report. These estimates are typically based on the property’s age, size, location, and number of bedrooms, bathrooms and car spaces. The property’s history of previous sales, plus recent sales of similar properties in the local area, may also help to calculate the property’s current value. 

What do people do with a Macquarie Bank reverse?

There are a number of ways people use a Macquarie Bank reverse mortgage. Below are some reasons borrowers tend to release their home’s equity via a reverse mortgage:

  • To top up superannuation or pension income to pay for monthly bills;
  • To consolidate and repay high-interest debt like credit cards or personal loans;
  • To fund renovations, repairs or upgrades to their home
  • To help your children or grandkids through financial difficulties. 

While there are no limitations on how you can use a Macquarie reverse mortgage loan, a reverse mortgage is not right for all borrowers. Reverse mortgages compound the interest, which means you end up paying interest on your interest. They can also affect your entitlement to things like the pension It’s important to think carefully, read up and speak with your family before you apply for a reverse mortgage.

How do multiple credit inquiries affect your credit score?

Credit inquiries are records on your credit file that appear when you apply for a loan. If you have multiple credit inquiries on your file, lenders may see you as a high-risk borrower.

When you have multiple credit checks for mortgage or other loans, reflecting on your file can negatively impact your credit score. These remain on your credit report for two years; however, their impact reduces over time.

Generally, lenders prefer if you've had one or two hard inquiries over the previous six months. More than this may result in the lender declining your mortgage application. However, your overall credit history is important, and if you have a consistent history of timely payments and low revolving credit balances, the impact of multiple inquiries may be lower.

How long does Westpac take to approve a home loan?

Applying for a home loan at Westpac is fairly simple. The process from initial application to settlement varies in its time frame. Some customers receive in-principle approval within a couple of days. 

You can initiate the process by filling out the bank’s home loan form and requesting a callback. A Westpac representative will get in touch with you within 24 hours. You will need to provide the following information to the representative during the call: 

  • Total income
  • Total expenses
  • Details about all your liabilities and debts
  • Information and value of all your assets. 

The Westpac representative will then share with you information about the types of home loans you may qualify for, along with an estimate of interest rates and applicable fees. 

Once Westpac has received all your details, loan preferences, and documents, the representative will assess all the information. If everything is in order, you may receive an Approval in Principle (AIP) within 2 working days. This specifies the amount Westpac is willing to offer for your home loan. 

Your Approval in Principle will often remain valid for only 90 days and if you don’t find a suitable property within that time frame, you need to apply for a renewal on your Approval in Principle. In this circumstance, if the Westpac representative confirms that there are no changes in your financial circumstances, your Approval can be extended for another 90 days. 

After you have found a home that matches the Approval in Principle, you will need a confirmed contract of sale before Westpac initiates the loan settlement. This process takes about 4-12 weeks or 2-5 days if you’re refinancing. 

How much of a deposit do I need for a home loan from the Commonwealth bank?

The minimum deposit the Commonwealth Bank usually accepts is 10 percent of the amount you wish to borrow. However, a deposit of at least 20 percent of the amount you’re borrowing is needed if you wish to avoid Lenders Mortgage Insurance (LMI). LMI is charged for smaller deposits to give the lender extra recourse if the borrower fails to repay their loan. 

As an alternative to LMI, some borrowers with smaller deposits may opt to pay the Commonwealth Bank’s low deposit premium fee. It is a one-time, non-refundable charge that is added to a low-deposit home loan.

The deposit and the loan amounts are used to determine the LDP -, the higher the deposit, the lower is this cost. 

When calculating how much you need to save, don’t forget to factor in other expenses like stamp duty, insurance, legal fees, and moving costs.