Since 1955, Hume Bank has been helping the Albury-Wodonga communities reach their financial goals. As a non-traditional lender, Hume Bank is owned by its customers meaning that all profits are distributed back into the bank and passed on to its members by way of low loan rates and no monthly account fees.

Hume Bank has won numerous awards, including Money magazine’s Bank of the Year and the CUNA Mutual QBE Financial Institution of the Year Award.

Hume Bank Home Loan Calculator  
Interested in a Hume Bank home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Hume Bank compares to its competitors. Simply plug in your borrowing amount below.

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Hume Bank home loans rates

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Pros:
  • Variety of home loan products to choose from.
  • These loans can be bundled with other financial products.
  • Home loans have a range of flexible features.
Cons:
  • Limited branch access.
  • Some loans have higher fees and interest rates.
  • Most loans have an application fee.
Hume Bank customer service:

Hume Bank customers can contact the bank via a range of specialised hotlines, including a direct line to the loan enquiries contact centre and a Financial Planning Enquiries line. There is also an after-hours emergency number for lost or stolen cards and a financial hardship hotline if you find yourself facing financial difficulty. Customers can also email the bank or pop into a one of the bank’s branches throughout the Albury-Wodonga region.

✓     Customer service centre (phone)

✓     Mobile app

✓     Online banking

✓     Email

✓     Branch

✓     Mobile banking staff

How to Apply

While there is no online application system, borrowers wanting to apply for a Hume Bank home loan can either complete an online enquiry form, pop into a branch or call a Hume Bank lending consultant for more information. Before applying for a Hume Bank home loan, consider what you can afford to borrow and what other costs you need to factor in. To apply for a Hume Bank home loan, you will need to supply the following information:

  • If you’re a salaried employee – last two payslips and a letter of employment.
  • If you’re self-employed – last two years Company tax return and two years’ personal tax returns.
  • You will need to show proof of savings and last three bank statements.
  • Proof of identity.

FAQs

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.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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