Manage your home loan the way you want with our low-interest rate variable home loan. It’s never been easier to select a home loan that works for you.

You’ll have unlimited repayments and unlimited redraws, with the option to add an offset4 account to the loan. You also have the option to split this loan with one of our low fixed-rate loans.

 

  • Competitive interest rate
  • Offset available for 0.10%4
  • $0 establishment fee
  • $0 monthly fee
  • Unlimited redraws5 and extra repayments

 

Whether you’re buying your first home, a new home or looking to refinance to a better rate, we’re here to help you save.

 

Flexible repayment options

Weekly, fortnightly or monthly repayments, with no limit on extra repayments and instant access to your redraw or offset account via online banking.

 

Optional Offset for 0.10%

Add an offset account to your loan for 0.10% to help you pay it off faster. With an offset account you have online, ATM and Visa Debit card access to your money.

 

No establishment, monthly or ongoing fees

You could save thousands over the course of your loan.

 

24/7 Access

Access your information when you want, where you want with our online banking and mobile banking app. Keep track of your account balances, transfer money or pay bills.

Principal & Interest / Interest Only
Owner Occupied

3.74 % p.a. Interest rate 3.77 % p.a. Comparison rate

Product Features:

Home Loan Features
Minimum loan amount : No minimum
Maximum LVR : 80% (dependant on loan purpose and security offered)
Maximum LVR with Lenders Mortgage Insurance : 95% (subject to approval)
Get Ahead Start Guarantor (borrow up to 100% LVR) : Yes
Maximum loan term : 30 years
Interest calculation : Calculated daily, charged monthly
Repayment type : Principal & Interest :- weekly, fortnightly or monthly; Interest Only :- monthly
Repayment frequency : Weekly, fortnightly or monthly
Establishment fee : $0
Monthly loan fee : $0
Extra repayments : Unlimited
Interest offset : Yes
Redraw : Yes
Loan preparation fees : At cost
Increase/top up : Yes

An offset account is an optional transactional account attached to your Home Loan. Holding your savings or spending money in the offset account effectively decreases the amount you owe on your home loan and the interest you pay because your credit balance is offset against the loan balance. This means you pay off the loan faster and with less interest.

 

You can have your salary paid into the offset account, and the balance will immediately impact the amount of interest you pay. Your cash can be saving you interest right up to the time it is needed.

 

For example, if you have a $200,000 home loan balance and $30,000 in an offset account, you’ll only be charged interest on $170,000 of your mortgage. Your monthly repayments stay the same, but you’ll be paying off the loan faster and paying less interest.

 

It’s essential to consider your individual circumstances and financial situation to determine whether an offset home loan is right for you.

Both offset accounts and redraw facilities are home loan features that can help you pay less interest, but they are pretty different in how they work.

 

While an offset account is like a bank account linked to your mortgage, a redraw facility gives you the option to withdraw any extra repayments you’ve made towards your home loan. If you have made any home loan repayments in addition to the minimum required repayments, you can draw back these funds.

 

You will typically be charged a withdrawal fee for any redraws you make with a redraw facility. Withdrawing funds from a redraw facility won’t usually be as quick as redrawing from an offset account.

 

It’s essential to consider your individual circumstances and financial situation to determine whether an offset home loan is right for you.

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