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Basic Home Loan

Get a simple, low interest rate home loan with no monthly fees

Do you want a low interest rate home loan that’s easy to use? Then the Basic Home Loan could be for you. This low-frills home loan offers a low variable interest rate and no monthly fees. Enjoy the flexibility of making weekly or fortnightly repayments and the ability to make extra payments. A redraw facility is also available if you’ve made extra payments1.

  • Competitive interest rate
  • No monthly administration fees
  • Flexible repayment options
  • Convenient redraw facility
The loan
Interest type
  • Variable interest rate
Term
  • Up to 30 years
Can be used for building
  • No
Available for vacant land
  • Yes
Repayments
Frequency
  • Choose to pay weekly1,fortnightly1 or monthly
Additional payments
  • Make additional payments at any time
Automatic repayments
  • Set up convenient automatic repayments from your nominated account
Interest-only option
  • Choose monthly interest-based repayments
Features and benefits
  • Not available
Ability to increase loan amount
  • Applying for additional funds is simple1
Redraw facility
  • Get access to any extra payments you make with a convenient redraw facility2
  • Not available
  • Reduce or pause your home loan repayments for a period of between 3 to 12 months during a period of legitimate leave from the workforce2
  • Maximise the amount you can borrow when a parent or other family member guarantees part of your home loan
  • Not available
  • Keep earning interest on your deposit monies right up until settlement by using a Deposit Protect Bond instead of paying a cash deposit immediately
Contact us
Learn more about this simple, low interest home loan
  • Call a home loan expert on 13 13 76 8am - 8pm (CST), seven days a week
1. Subject to Bank approval. A fee applies for each approved request.
2. Available on loans with principal and interest repayments only.
Apply
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