Auswide Bank home loan repayment calculator

Thinking about taking out a home loan with Auswide Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Auswide 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 2.74 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

Pros
  • Can accommodate people with smaller deposits.
  • Opportunity to bundle financial products together.
  • Offers discounts on the interest rate.
  • Flexible repayment schedule with weekly, fortnightly and monthly repayment options.
Cons
  • Limited home loan products to choose from.
  • Some products have moderate to high fees.

Auswide Bank home loans rates

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

2.74%

Variable

$300
Auswide Bank

2.76%

$0
More details

2.79%

Variable

$0
Auswide Bank

3.21%

$395 annually
More details

2.99%

Variable

$0
Auswide Bank

3.40%

$395 annually
More details

2.29%

Fixed - 3 years

$604
Auswide Bank

3.64%

$395 annually
More details

3.24%

Variable

$0
Auswide Bank

3.64%

$395 annually
More details

2.99%

Fixed - 4 years

$604
Auswide Bank

3.70%

$395 annually
More details

2.99%

Fixed - 5 years

$604
Auswide Bank

3.73%

$395 annually
More details

2.29%

Fixed - 2 years

$604
Auswide Bank

3.74%

$395 annually
More details

2.69%

Fixed - 3 years

$604
Auswide Bank

3.74%

$395 annually
More details

2.69%

Fixed - 2 years

$604
Auswide Bank

3.80%

$395 annually
More details

2.29%

Fixed - 1 year

$604
Auswide Bank

3.84%

$395 annually
More details

3.44%

Variable

$0
Auswide Bank

3.84%

$395 annually
More details

2.69%

Fixed - 1 year

$604
Auswide Bank

3.88%

$395 annually
More details

3.56%

Variable

$0
Auswide Bank

3.96%

$395 annually
More details

3.29%

Fixed - 3 years

$604
Auswide Bank

4.00%

$395 annually
More details

3.29%

Fixed - 2 years

$604
Auswide Bank

4.03%

$395 annually
More details

3.29%

Fixed - 1 year

$604
Auswide Bank

4.06%

$395 annually
More details

3.59%

Fixed - 5 years

$604
Auswide Bank

4.09%

$395 annually
More details

3.59%

Fixed - 4 years

$604
Auswide Bank

4.10%

$395 annually
More details

3.71%

Variable

$0
Auswide Bank

4.10%

$395 annually
More details

2.59%

Fixed - 3 years

$0
Auswide Bank

4.17%

$395 annually
More details

3.09%

Fixed - 5 years

$600
Auswide Bank

4.25%

$10 monthly
More details

3.29%

Fixed - 3 years

$0
Auswide Bank

4.26%

$395 annually
More details

2.59%

Fixed - 2 years

$0
Auswide Bank

4.30%

$395 annually
More details

3.49%

Fixed - 5 years

$0
Auswide Bank

4.30%

$395 annually
More details

3.69%

Fixed - 5 years

$0
Auswide Bank

4.31%

$395 annually
More details

3.29%

Fixed - 2 years

$0
Auswide Bank

4.32%

$395 annually
More details

3.69%

Fixed - 4 years

$0
Auswide Bank

4.33%

$395 annually
More details

3.49%

Fixed - 4 years

$0
Auswide Bank

4.35%

$395 annually
More details

3.09%

Fixed - 4 years

$600
Auswide Bank

4.37%

$10 monthly
More details

3.29%

Fixed - 1 year

$0
Auswide Bank

4.39%

$395 annually
More details

3.49%

Fixed - 3 years

$0
Auswide Bank

4.40%

$395 annually
More details

2.79%

Fixed - 3 years

$600
Auswide Bank

4.42%

$10 monthly
More details

2.59%

Fixed - 1 year

$0
Auswide Bank

4.44%

$395 annually
More details

3.39%

Fixed - 2 years

$0
Auswide Bank

4.44%

$395 annually
More details

4.08%

Variable

$0
Auswide Bank

4.46%

$395 annually
More details

3.69%

Fixed - 5 years

$600
Auswide Bank

4.49%

$10 monthly
More details

3.39%

Fixed - 1 year

$0
Auswide Bank

4.51%

$395 annually
More details

3.39%

Fixed - 3 years

$600
Auswide Bank

4.57%

$10 monthly
More details

3.69%

Fixed - 4 years

$600
Auswide Bank

4.57%

$10 monthly
More details

2.79%

Fixed - 2 years

$600
Auswide Bank

4.58%

$10 monthly
More details

2.79%

Fixed - 3 years

$0
Auswide Bank

4.59%

$395 annually
More details

4.21%

Variable

$0
Auswide Bank

4.59%

$395 annually
More details

3.79%

Fixed - 5 years

$600
Auswide Bank

4.66%

$10 monthly
More details

3.39%

Fixed - 2 years

$600
Auswide Bank

4.69%

$10 monthly
More details

3.79%

Fixed - 5 years

$0
Auswide Bank

4.72%

$395 annually
More details

3.39%

Fixed - 3 years

$600
Auswide Bank

4.73%

$10 monthly
More details

2.79%

Fixed - 2 years

$0
Auswide Bank

4.75%

$395 annually
More details

3.79%

Fixed - 4 years

$600
Auswide Bank

4.75%

$10 monthly
More details

2.79%

Fixed - 1 year

$600
Auswide Bank

4.76%

$10 monthly
More details

3.79%

Fixed - 4 years

$0
Auswide Bank

4.78%

$395 annually
More details

3.39%

Fixed - 1 year

$600
Auswide Bank

4.81%

$10 monthly
More details

3.79%

Fixed - 3 years

$0
Auswide Bank

4.85%

$395 annually
More details

3.39%

Fixed - 2 years

$600
Auswide Bank

4.87%

$10 monthly
More details

3.69%

Fixed - 2 years

$0
Auswide Bank

4.91%

$395 annually
More details

2.79%

Fixed - 1 year

$0
Auswide Bank

4.92%

$395 annually
More details

4.79%

Variable

$600
Auswide Bank

4.95%

$10 monthly
More details

3.69%

Fixed - 1 year

$0
Auswide Bank

5.00%

$395 annually
More details

3.39%

Fixed - 1 year

$600
Auswide Bank

5.01%

$10 monthly
More details

4.69%

Variable

$0
Auswide Bank

5.09%

$395 annually
More details

4.73%

Variable

$0
Auswide Bank

5.10%

$395 annually
More details

5.01%

Variable

$600
Auswide Bank

5.17%

$10 monthly
More details

4.59%

Fixed - 5 years

$600
Auswide Bank

5.34%

$10 monthly
More details

4.59%

Fixed - 4 years

$600
Auswide Bank

5.41%

$10 monthly
More details

4.59%

Fixed - 3 years

$600
Auswide Bank

5.49%

$10 monthly
More details

4.49%

Fixed - 2 years

$600
Auswide Bank

5.56%

$10 monthly
More details

4.89%

Fixed - 5 years

$600
Auswide Bank

5.59%

$10 monthly
More details

5.21%

Variable

$0
Auswide Bank

5.60%

$395 annually
More details

4.89%

Fixed - 4 years

$600
Auswide Bank

5.65%

$10 monthly
More details

4.49%

Fixed - 1 year

$600
Auswide Bank

5.66%

$10 monthly
More details

5.51%

Variable

$600
Auswide Bank

5.67%

$10 monthly
More details

4.89%

Fixed - 3 years

$600
Auswide Bank

5.73%

$10 monthly
More details

5.62%

Variable

$600
Auswide Bank

5.77%

$10 monthly
More details

4.79%

Fixed - 2 years

$600
Auswide Bank

5.79%

$10 monthly
More details

4.79%

Fixed - 1 year

$600
Auswide Bank

5.89%

$10 monthly
More details

5.84%

Variable

$600
Auswide Bank

5.99%

$10 monthly
More details

6.03%

Variable

$600
Auswide Bank

6.19%

$10 monthly
More details

Auswide Bank customer service

Auswide Bank has a nationwide lending presence supported through branches, a network of lending consultants and the company website. If Auswide Bank home loan customers can’t go into a branch they can get in touch via telephone, or use internet-based services such as email, online banking and the mobile app. Customers can also contact Auswide Bank staff online via the website’s live chat facility.

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

How to Apply

There are two ways to apply for an Auswide Bank home loan: in person by visiting an Auswide Bank branch or via the company’s website. Before submitting a loan application borrowers should fully consider their budget. They can use helpful tools such as a repayment calculator to receive an indication of how much a home loan is likely to cost. To support all home loan applications Auswide Bank requires a range of documentation that includes:

  • Proof of identification.
  • Occupation and/or employer details.
  • Gross monthly income from all sources.
  • Asset details (a list of what you own, such as property, motor vehicles, shares, furniture, superannuation, and their values).
  • Existing loans (home loans, personal loans, leasing contracts, hire purchase).
  • Credit card limits and current balances.
  • Savings account details.
  • Details of the property you are offering as security for the loan.

Learn more about Auswide Bank

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.

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

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.

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.

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. 

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

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 equity? How can I use equity in my home loan?

Equity refers to the difference between what your property is worth and how much you owe on it. Essentially, it is the amount you have repaid on your home loan to date, although if your property has gone up in value it can sometimes be a lot more.

You can use the equity in your home loan to finance renovations on your existing property or as a deposit on an investment property. It can also be accessed for other investment opportunities or smaller purchases, such as a car or holiday, using a redraw facility.

Once you are over 65 you can even use the equity in your home loan as a source of income by taking out a reverse mortgage. This will let you access the equity in your loan in the form of regular payments which will be paid back to the bank following your death by selling your property. But like all financial products, it’s best to seek professional advice before you sign on the dotted line.

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.