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Bank Australia open to serve our customers: As an essential service under the shutdowns announced, our branches and contact centres will remain open to serve our customers with their banking needs over the coming days and weeks. All branches will be operating from 10:00am to 3:00pm, Monday to Friday until further notice. 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

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Interest rate from
2.85% p.a.^
Comparison Rate
2.89% p.a.*

effective 4 June 2020

Variable Rates
Total Lending Interest Rate Comparison Rate
Special LVR <=70% $150K+ 2.85% p.a.^ 2.89% p.a.*
Standard 3.20% p.a. 3.24% p.a.*
Invest Special - P&I LVR <=70% $200K+ 3.00% p.a. 3.04% p.a.*
Investment P&I 3.41% p.a. 3.45% p.a.*
Invest Special - IO LVR <=70% $200K+ 3.20% p.a. 3.55% p.a.*
Investment IO 3.71% p.a. 3.75% p.a.*
Fixed Rates
Total Lending Interest Rate Comparison Rate
Fixed 1 Year 2.34% p.a. 3.17% p.a.*
Fixed 2 Years 2.29% p.a. 3.09% p.a.*
Fixed 3 Years 2.29% p.a. 3.02% p.a.*
Fixed 5 Years 2.84% p.a. 3.10% p.a.*
Fixed 1 Year - Investment P&I 2.64% p.a. 3.38% p.a.*
Fixed 2 Years - Investment P&I 2.59% p.a. 3.31% p.a.*
Fixed 3 Years - Investment P&I 2.59% p.a. 3.25% p.a.*
Fixed 5 Years - Investment P&I 3.14% p.a. 3.35% p.a.*
Fixed 1 Year - Investment IO 2.84% p.a. 3.67% p.a.*
Fixed 2 Years - Investment IO 2.79% p.a. 3.59% p.a.*
Fixed 3 Years - Investment IO 2.79% p.a. 3.52% p.a.*
Fixed 5 Years - Investment IO 3.34% p.a. 3.61% p.a.*
Fees and Charges
Establishment fee - new mortgage $595**
Establishment fee - existing mortgage $295
Discharge fee $250
Things you need to know
    • 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.

    ^The Basic Special variable interest rate of 2.85% p.a.is for Principal and Interest repayments with a Loan to Value (LVR) ratio of less than 70%.  Minimum new borrowings of $150,000 for an Owner Occupied Home Loan or $200,000 for an Investment Home Loan. Available to new and existing borrowers:

    • who submit their loan application on or after 1 July 2020 but before 31 July 2020; and
    • settle on their Bank Australia home loan by 30 November 2020.

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

    1. 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.