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Planned outage: The outage will start on Saturday 18 at 9pm and finish on Sunday 19 at 8am. During this time, you'll be unable to apply for accounts, home loans or credit cards during the outage. View details

Interest rate from
3.25% p.a.
Comparison Rate
3.26% p.a.*

effective 22 October 2019

More rates and fees
Variable Rates
Total Lending Interest Rate Comparison Rate
Special 3.25% p.a. 3.26% p.a.*
Standard 3.45% p.a. 3.46% p.a.*
Investment P&I 3.66% p.a. 3.70% p.a.*
Investment IO 3.96% p.a. 4.00% p.a.*
Fixed Rates
Total Lending Interest Rate Comparison Rate
Fixed 1 Year 3.39% p.a. 3.49% p.a.*
Fixed 2 Years 2.94% p.a. 3.40% p.a.*
Fixed 3 Years 2.94% p.a. 3.36% p.a.*
Fixed 5 Years 3.64% p.a. 3.57% p.a.*
Fixed 1 Year - Investment P&I 3.69% p.a. 3.71% p.a.*
Fixed 2 Years - Investment P&I 3.34% p.a. 3.65% p.a.*
Fixed 3 Years - Investment P&I 3.34% p.a. 3.62% p.a.*
Fixed 5 Years - Investment P&I 4.04% p.a. 3.86% p.a.*
Fixed 1 Year - Investment IO 3.89% p.a. 4.00% p.a.*
Fixed 2 Years - Investment IO 3.54% p.a. 3.93% p.a.*
Fixed 3 Years - Investment IO 3.54% p.a. 3.89% p.a.*
Fixed 5 Years - Investment IO 4.24% p.a. 4.12% p.a.*
Fees and Charges
Establishment fee - new mortgage $595**
Establishment fee - existing mortgage $295
Discharge fee $250

The bank with clean money is the bank Australia needs.

What does your bank invest in?

 If the answer includes fossil fuels, weapons, tobacco or gambling, it's likely that the interest you are paying on your home loan is supporting these industries.

Divestment makes a difference

If more people move their banking and home loans to banks that don’t fund harmful industries such as the fossil fuel industry, we’ll be able to create a safe and sustainable climate future for our local communities, Australia and the rest of the world. 

You can help make a positive difference

By moving your banking to Bank Australia, you are ensuring your money isn’t supporting the fossil fuel industry or industries that harm people and the planet. 

Why choose
our Basic
Home Loan?

We'll waive the establishment fee2

We'll waive the establishment fee where a variable interest rate owner occupier product is chosen until 31/12/2019. 

No monthly fee 

No monthly account fees throughout the duration of your loan. 

No redraw fee3

If you're ahead of your repayments, you may be able to redraw fee free. 

Flexible payments

Make your loan repayments weekly, fortnightly or monthly.  

Applying online is easy. 

Here's how...

What we'll need from you 

Along with your application, we'll need information about your financial details including income, expenses, what you own and what you owe.

If you are not an existing customer, we can verify your identity online using the following ID's:

  • Australian Drivers Licence 
  • Australian Passport 
  • Australian Medicare card

We take responsible lending seriously, meaning that we are very careful in making sure you have the capacity to repay a loan. 


We make our loan application process easier by issuing and managing documents online. When you're approved, a member of our lending team will send through the contract ready for you to review. 

Flexible home loans to suit your changing situation

We understand life changes, explore our options for pausing your home loan.

Parental Pause

We offer the option of pausing your home loan repayments to give you some breathing space as you prepare or welcome a new family member.

Conditions apply.

Find out more

Eco Pause

We let customers pause their home loan repayments to pay for eco-upgrades like solar, batteries, water tanks and grey water systems.

Conditions apply.

Find out more

Want more information?


Explore our range of calculators to work out your repayments, compare loans and more. 

Find out more


When submitting your application, you will need to confirm:

  • You are at least 18 years of age.
  • You are an Australian Citizen or permanent resident of Australia.
  • Your are currently in receipt of regular income. 
  • You have maintained a good credit history for the past 5 years. 

What you'll need to complete a pre-check: 

  • Income - gross (before tax) and net salary (after tax), employment details and other income (from shares, rental property, etc.)
  • Assets - approximate values of property, vehicles, savings, superannuation, etc.
  • Liabilities - loan balances, repayment amounts, credit card or overdraft limits, etc.

To complete the full application, you will need a form of ID if you're not a Bank Australia customer. To verify your identify online please have one or more of these documents with you:

  • Australian Drivers Licence
  • Australian Medicare card
  • Passport
Explore our home buying hub

Want more information about buying a home? Explore our home buying hub. 

The fine print 

*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.

  1. Terms and conditions, fees and charges apply. Loans subject to normal lending criteria and approval. Rates apply to applications received from 22/10/2019 however are subject to change at anytime. Offer available to new and existing borrowers. For existing borrowers the new loan funds must exceed $100,000. Excludes investment loans.
  2. No establishment fee for Owner Occupied Variable Basic Home Loans until 31/12/2019.
  3. Redraw not available during an interest only or fixed period.
  4. A maximum Loan to Value (LVR) ratio of less than 80% applies to the Basic Home Loan Special.

  5. Basic Fixed Loans revert to the Basic Home Loan Reference Rate. 
  6. 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.
  7. 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.

# Pausing repayments will result in interest continuing to accrue on the loan, potentially increasing the term of the loan. Loans must be established for 12 months and a maximum Loan to Value Ratio of 90% (Family-Pause) or 90% (Eco-Pause) applies. Full terms and conditions available at
^ Loan to Value Ratio (LVR) compares the amount you owe on the loan against the property value. For example, if your property was valued at $800,000 and your loan amount was $540,000, your LVR would be 68%.