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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
2.63% p.a.^
Comparison Rate
3.02% p.a.*

effective 4 June 2020

Variable Rates Loan Only
Total Lending Interest Rate Comparison Rate
Premium Home Loan Reference Rate 4.06% p.a. 4.10% p.a.*
Premium Home Loan Interest Only Rate 4.06% p.a. 4.10% p.a.*
Premium Investment Loan Reference Rate 4.41% p.a. 4.45% p.a.*
Premium Investment Loan (Interest Only) Rate 4.61% p.a. 4.65% p.a.*
Variable Rates w/ Package
Total Lending Discount Interest Rate Comparison Rate
Special $150,000 - $500,000 (LVR <70%) 1.33% 2.73% p.a. 3.12% p.a.*
Special $500,000+ (LVR <70%) 1.43% 2.63% p.a.^ 3.02% p.a.*
Special $150,000 - $500,000 (LVR 70-90%) 1.23% 2.83% p.a. 3.22% p.a.*
Special $500,000+ (LVR 70-90%) 1.28% 2.78% p.a. 3.17% p.a.
$150,000 - $500,000 (LVR <70%) 1.03% 3.03% p.a. 3.41% p.a.*
$500,000+ (LVR <70%) 1.13% 2.93% p.a. 3.31% p.a.*
$150,000 - $500,000 (LVR 70%-90%) 0.93% 3.13% p.a. 3.51% p.a.*
$500,000+ (LVR 70%-90%) 0.98% 3.08% p.a. 3.46% p.a.*
$150,000 - $500,000 (LVR >90%) 0.58% 3.48% p.a. 3.85% p.a.*
$500,000+ (LVR >90%) 0.63% 3.43% p.a. 3.80% p.a.*
Special $100,000-$400,000 - Investment P&I 1.10% 3.31% p.a. 3.69% p.a.*
Special $400,000-$700,000 - Investment P&I 1.20% 3.21% p.a. 3.59% p.a.*
Special $700,000+ - Investment P&I 1.30% 3.11% p.a. 3.49% p.a.*
$100,000-$400,000 - Investment P&I 0.98% 3.61% p.a. 3.98% p.a.*
$400,000-$700,000 - Investment P&I 0.90% 3.51% p.a. 3.88% p.a.*
$700,000+ - Investment P&I 1.00% 3.41% p.a. 3.78% p.a.*
Special $100,000-$400,000 - Investment IO 1.10% 3.51% p.a. 4.02% p.a.*
Special $400,000-$700,000 - Investment IO 1.20% 3.41% p.a. 3.92% p.a.*
Special $700,000+ - Investment IO 1.30% 3.31% p.a. 3.82% p.a.*
$100,000-$400,000 - Investment IO 0.80% 3.81% p.a. 4.13% p.a.*
$400,000-$700,000 - Investment IO 0.90% 3.71% p.a. 4.03% p.a.*
$700,000+ - Investment IO 1.00% 3.61% p.a. 3.93% p.a.*
Fixed Rates Loan Only
Total Lending Interest Rate Comparison Rate
Fixed 1 Year - LVR <80% 2.44% p.a. 3.95% p.a.*
Fixed 2 Year - LVR <80% 2.39% p.a. 3.81% p.a.*
Fixed 3 Year - LVR <80% 2.39% p.a. 3.67% p.a.*
Fixed 5 Year - LVR <80% 2.94% p.a. 3.65% p.a.*
Fixed 1 Year - Investment P&I 2.74% p.a. 4.30% p.a.*
Fixed 2 Years - Investment P&I 2.69% p.a. 4.14% p.a.*
Fixed 3 Years - Investment P&I 2.69% p.a. 4.01% p.a.*
Fixed 5 Years - Investment P&I 3.74% p.a. 4.18% p.a.*
Fixed 1 Year - Investment IO 2.94% p.a. 4.50% p.a.
Fixed 2 Years - Investment IO 2.89% p.a. 4.35% p.a.
Fixed 3 Years - Investment IO 2.89% p.a. 4.22% p.a.
Fixed 5 Years - Investment IO 3.94% p.a. 4.39% p.a.
Fixed Rates w/ Package
Total Lending Discount Interest Rate Comparison Rate
Fixed 1 Year - LVR <70% 1.02% 2.24% p.a. 3.34% p.a.*
Fixed 1 Year - LVR 70-90% 0.97% 2.29% p.a. 3.43% p.a.*
Fixed 1 Year - LVR >90% 0.72% 2.54% p.a. 3.77% p.a.*
Fixed 2 Year - LVR <70% 1.47% 2.19% p.a. 3.27% p.a.*
Fixed 2 Year - LVR 70-90% 1.42% 2.24% p.a. 3.36% p.a.*
Fixed 2 Year - LVR >90% 1.17% 2.49% p.a. 3.68% p.a.*
Fixed 3 Year - LVR <70% 1.47% 2.19% p.a. 3.20% p.a.*
Fixed 3 Year - LVR 70-90% 1.42% 2.24% p.a. 3.29% p.a.*
Fixed 3 Year - LVR >90% 1.17% 2.49% p.a. 3.60% p.a.*
Fixed 5 Year - LVR <70% 0.20% 2.74% p.a. 3.30% p.a.*
Fixed 5 Year - LVR 70-90% 0.15% 2.79% p.a. 3.38% p.a.*
Fixed 1 Year - Investment P&I 1.02% 2.59% p.a. 3.89% p.a.*
Fixed 2 Years - Investment P&I 1.37% 2.54% p.a. 3.79% p.a.*
Fixed 3 Years - Investment P&I 1.37% 2.54% p.a. 3.71% p.a.*
Fixed 5 Years - Investment P&I 0.15% 3.09% p.a. 3.77% p.a.*
Fixed 1 Year - Investment IO 0.82% 2.79% p.a. 4.07% p.a.*
Fixed 2 Years - Investment IO 1.17% 2.74% p.a. 3.97% p.a.*
Fixed 3 Years - Investment IO 1.17% 2.74% p.a. 3.88% p.a.*
Fixed 5 Years - Investment IO 0.15% 3.29% p.a. 3.94% p.a.*
Fees and Charges Loan Only
Establishment fee - new mortgage $595
Establishment fee - existing mortgage $295
Discharge fee $250
Offset service fee - per month $8
Fees and Charges w/ Package
Annual package fee $350
Discharge fee $250
The fine print - Premium Package

*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 6 June 2020 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. Available to new and existing borrowers with minimum new borrowings of $150,000 for an Owner Occupied Home Loan or $200,000 for an Investment Home Loan:
        • 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.

       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 4  June 2020 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 bankaust.com.au 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 Limited ABN 21 087 651 607 AFS Licence No. 238431 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 132 888 or visit bankaust.com.au. 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.