Basic Variable Home Loan - Investment (Interest Only)

A basic variable home loan for investors that includes redraw, a competitive rate and other flexible features to help you pay your loan off sooner.
Category: Home Loans  Last Updated February 27, 2024  Effective December 18, 2024

 General Lending Rates

Rates listed below are for a VARIABLE INVESTMENT Interest Only product. Additional Information The comparison rate is calculated on a loan amount of $150,000 over a loan term of 25 years. WARNING: 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.
Interest Rate
6.59% PA
Comparison Rate
6.44%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Digital Banking
  • Redraw Additional Information: Redraw fees apply
  • Other Additional Information: No penalty for extra repayments

 Product Eligibility

  • Min Age - 18. Additional Information: 18 years
  • Natural Person
  • Residency Status - Australian Citizen Or Permanent Resident Only.

 Bank Fees and Charges

  • Home Loan Application Fee (Upfront), Amount: 600.00. Additional Information: First application includes the cost of the first standard valuation and legal fees of one security only (and includes 2 splits)
  • Loan Variation Fee (Event), Amount: 250.00. Additional Information: Includes loan split requests, additional splits, loan top up on existing loan, substitution of security, loan re-fix fee and loan switches (loan switching to a different loan type)
  • Construction Loan Application Fee (Upfront), Amount: 1500.00. Additional Information: Includes application fee, inspection fees and draw-down fees throughout construction period. Legal fees are paid in addition to this and are at cost.
  • Late Payment (Event), Amount: 25.00.
  • Redraw Fee - Staff Assisted (Event), Amount: 30.00.
  • Safe Custody Fee (Periodic), Amount: 50.00. Additional Information: E.g. certificate of titles, wills, etc
  • Re-issue Loan Documentation Fee (Event), Amount: 125.00.
  • Special Attendance Fee (Event), Amount: 0.00. Additional Information: Charged at cost
  • Special Attendance Fee - Mortgage Discharge (Event), Amount: 696.00.
  • Copy Of Statement (already Issued) (Event), Amount: 1.50. Additional Information: Charged per page. For statements issued prior to January 1997 the fee is $3 per page.
  • Solicitors Preparation Fee (Event), Amount: 0.00. Additional Information: Charged at cost
  • Additional Valuation Fee (Event), Amount: 0.00. Additional Information: Charged at cost
  • Search Fees (Event), Amount: 0.00. Additional Information: Charged at cost
  • Lenders Mortgage Insurance (lmi) (Upfront), Amount: 0.00. Additional Information: The amount of this fee will be available on application, as it is dependent on the loan to valuation ratio of each loan.

 Limitations & Restrictions (Constraints)

  • Min Balance of 50000.00 Additional Information: Minimum loan amount only applies at time of application