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GENERAL ADVICE
- Any information and advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you and seek any third party advice you need.
- Before deciding to apply, we provide and recommend you read our Financial Services Guide.
- All applications are subject to a credit assessment and approval. Terms and conditions apply. All applicable terms and conditions will be included in our loan offer.
- Additional fees and charges may be payable – all relevant details will be included in our loan offer.
- Information and interest rates are current as at the date of publication and are subject to change at any time, at the discretion of Bank Australia Limited.
- This document does not constitute a contract for finance.
*Comparison Rate. The Comparison Rate is based on a loan of $150,000 for 25 years. Fees and charges may be applicable.
IMPORTANT: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Terms and conditions, fees and charges apply. Loans subject to normal lending criteria and approval.
Rates apply to new applications received from 24 November 2021 however are subject to change at anytime.
BASIC HOME LOAN
- ^The Basic Home Loan variable interest rate of 2.35%^ p.a. is for Owner Occupiers making Principal and Interest repayments with a Loan to Value (LVR) ratio of less than 60%.
- Minimum new borrowings of $10,000 for an Owner Occupied Home Loan or for an Investment Home Loan, and $10,000 in additional borrowings for further advances to existing home loans.
- Available to new borrowers who submit their loan application on or after 24 November 2021;
- For all our rates including interest rates for Interest Only payments view our Loan Rates.
- If a Fixed Rate is selected, then that rate may vary from the date of application anytime up until the date of funding
- For construction loans, Bank Australia protects an equivalent amount of land on the Bank Australia Conservation Reserve as is being constructed to help offset the environmental impact of land clearing. Homes constructed on large lots of land such as hobby farms will be offset according to the amount of land occupied by the dwelling.
- The Establishment Fee of $595 is debited to the loan balance on funding. Other fees and charges may be payable. Refer to the Loan Fees schedule available from bankaust.com.au or by calling 132 888 for more details.
- Repayment Pause. Loans must be established for a full 12 months and a maximum Loan to Value Ratio of 90% (Family-Pause) or 90% (Eco-Pause) applies. Pausing repayments will result in interest continuing to accrue on the loan, potentially increasing the term of your loan. Full conditions available from Bank Australia.
- Redraw is not available during the interest only period of the loan and the amount available for redraw is governed by the terms set out in your Loan Offer.
