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Bank Australia open to serve our customers: As an essential service our branches and contact centre remain open to serve our customers with their banking needs during the COVID-19 pandemic. Please use the 'find us' function to view your nearest branch's current operating hours. You can still get in touch with us by phone on 132 888 from 8:00am to 8:00pm, Monday to Friday and 9:00am to 2:00pm Saturday. It may take us longer to answer your call as more customers choose to call rather than come into a branch so thanks in advance for your patience and please take care of yourselves. View details

Interest rate from
2.63% p.a.^
Comparison Rate
3.02% p.a.*

effective 22 March 2021

More rates and fees
Variable Rates
Owner Occupied Interest Rate Comparison Rate
LVR <70% $150-$500k (Special) 2.73% p.a. 3.12% p.a.*
LVR <70% $500k+ (Special) 2.63% p.a.^ 3.02% p.a.*
LVR 70-90% $150-$500k (Special) 2.83% p.a. 3.22% p.a.*
LVR 70-90% $500k (Special) 2.78% p.a. 3.17% p.a.
LVR >90% $150-$500k 3.48% p.a. 3.85% p.a.*
LVR >90% 500k+ 3.43% p.a. 3.80% p.a.*
Premium home loan reference 4.06% p.a. 4.10% p.a.*
Fixed Rates
Owner Occupied Interest Rate Comparison Rate
Fixed 1 Year LVR <70% 2.09% p.a. 3.33% p.a.*
Fixed 2 Year LVR <70% 1.99% p.a. 3.23% p.a.*
Fixed 3 Year LVR <70% 1.99% p.a. 3.15% p.a.*
Fixed 5 Year LVR <70% 2.14% p.a. 3.07% p.a.*
Fixed 1 Year - LVR 70-90% 2.14% p.a. 3.42% p.a.*
Fixed 2 Year - LVR 70-90% 2.04% p.a. 3.32% p.a.*
Fixed 3 Year - LVR 70-90% 2.04% p.a. 3.24% p.a.*
Fixed 5 Year - LVR 70-90% 2.19% p.a. 3.14% p.a.*
Fixed 1 Year - LVR >90% 2.39% p.a. 3.75% p.a.*
Fixed 2 Year - LVR >90% 2.29% p.a. 3.64% p.a.*
Fixed 3 Year - LVR >90% 2.29% p.a. 3.55% p.a.*
Fixed 5 Year - LVR >90% 2.44% p.a. 3.44% p.a.*
Fees and Charges
Establishment Fee - New Mortgage $0
Establishment Fee - Existing Mortgage $0
Offset service fee - per month $0
Annual package fee $350
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

Joining a bank that doesn't fund harmful industries, such as fossil fuels, is a tangible step towards a more sustainable future.

You can help make a positive impact

By moving your money to Bank Australia, you’re ensuring your money is part of funding a future aligned to your values: renewable energy, not for profits, sustainable and affordable housing and much more. 

Why choose
our Premium
Home Loan

100% Mortgage Offset

Funds in Mortgage Offset account reduces the amount of interest you pay on your linked fixed or variable rate home loan.

No redraw fee

If you're ahead of your repayments, you may be able to redraw fee free6.

Fee waived on your everyday banking

Fee waived on Everyday Access or Mortgage Offset accounts.

No annual fee on our Platinum Rewards Visa Credit Card

We'll waive the annual fee and offer 0% for 12 months on balance transfers. No interest free days apply on purchases while you have a balance transfer.

No establishment fee for personal loans and home loan top-ups

We'll waive the establishment fee when taking out a personal loan. 

Up to 10% off general insurance products7

Receive up to 10% discount across Building, Contents and Comprehensive Motor insurance.

Construction loan offset

We protect an equivalent amount of land on the Bank Australia Conservation Reserve as is being constructed to help offset the environmental impact of land clearing.

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. 

Premium Home Loan Package repayments calculator

Use our repayments calculator to determine how much you'll pay and for how long.

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 to 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. 

Things you need to know

*Comparison Rate. The Comparison Rate is based on a loan of $150,000 for 25 years. Fees and charges may be applicable.

IMPORTANT: The Comparison Rate applies only to the example given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees, early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

Terms and conditions, fees and charges apply. Loans subject to normal lending criteria and approval. Rates apply to new applications received from 22 March 2021 however are subject to change at anytime.


    1. ^The Premium Home Loan Package Special variable interest rate of 2.63% p.a. is for Principal and Interest repayments with a Loan to Value (LVR) ratio of less than 70% for a loan amount greater than $500,000. Minimum new borrowings of $150,000 for an Owner Occupied Home Loan or $200,000 for an Investment Home Loan, and $100,000 in additional borrowings for a further advances to existing home loans. Available to new and existing borrowers:
        • who submit their loan application on or after 10 September 2020 but before 13 April 2021; and
        • settle on their Bank Australia home loan by 31 July 2021.

       To view all our rates including interest rates for Interest Only payments see Loan Rates.

    2. When you qualify for a Bank Australia Clean Energy Home Loan you will receive an interest rate discount on the relevant Premium Home Loan Package interest rate. Terms and conditions, fees and charges apply. Loans subject to normal lending criteria and approval. Rates apply from 26 February 2021 however are subject to change at any time.
    3. 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.
    4. The Annual package fee of $350 is payable in advance and is nonrefundable. The fee is debited to the loan balance on funding, and then annually on the anniversary date of funding. Package benefits cease to apply once the loan is repaid in full. Other fees and charges may be payable. Refer to the Loan Fees schedule available from or by calling 132 888 for more details.
    5. 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.
    6. 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.
    7. Insurance. This insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708. Bank Australia ABN 21 087 651 607 AFS Licence No. 238431321 acts as an agent of Allianz and not as your agent. Before making a decision about this insurance, please refer to the relevant Product Disclosure Statement available on 132888 or visit Up to 10% discount applies to Building, Contents and Comprehensive Motor Insurance, and/or standalone building insurance, when you sign up for this home loan package. Minimum premiums apply. Any discounts/entitlements only apply to the extent that any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding applicable taxes and government charges) as reduced by any prior applied discounts / entitlements. Discounts may not be applied to the premium for optional covers.