Bare Essentials Variable Owner Occupied Home Loan Principal & Interest

Our back to basic home loan that meets your needs.
Category: Home Loans  Last Updated October 1, 2024  Effective November 1, 2024

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information
Interest Rate
6.14% PA
Comparison Rate
6.24%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

  • Redraw Additional Information: Easy access to your cash with our redraw facility.
  • Other Additional Information: Split loan option available

 Product Eligibility

  • Min Age - 18. Additional Information: The minimum age to open a Loan account is 18.
  • Residency Status Additional Information: You must be an Australian citizen or permanent resident to apply.
  • Other Additional Information: LVR up to 80% subject to loan size, purpose & security offered (type, location)
  • Other Additional Information: LVR up to 98% subject to loan size, purpose, security offered (type, location) and LMI approval, Housing Australia Scheme approval or Family Guarantee approval

 Bank Fees and Charges

  • Loan Application Fee - Home Loan (Upfront), Amount: 600.00.
  • Valuation Fee (Upfront), Amount: 149.00. Additional Information: At cost (minimum $149) payable at funding for costs incurred in obtaining a valuation
  • Legal Fees (Upfront), Amount: 440.00. Additional Information: At cost (minimum $440) payable
  • Staff Assisted Redraw (Withdrawal), Amount: 50.00.
  • Additional Security Fees (Payment), Amount: 220.00. Additional Information: Per security
  • Consent Fee (Payment), Amount: 150.00. Additional Information: Does not include solicitors/agents costs
  • Discharge Of Mortgage Security Fees (Payment), Amount: 350.00.
  • Document Copy Fee (Upfront), Amount: 7.00.
  • Enforcement Expenses - Arrears Notice (Payment), Amount: 20.00.
  • Enforcement Expenses - Credit Bureau Default Listing (Payment), Amount: 20.00.
  • Enforcement Expenses - Default Notice (Payment), Amount: 50.00.
  • Guarantee Security Fees (Payment), Amount: 220.00.
  • Historical Document Retrieval (Event), Amount: 20.00. Additional Information: $20 per hour (min $20)
  • Interest Recalculation Fee (Event), Amount: 30.00. Additional Information: $30 per hour (min $30)
  • Loan Application - Topup (Upfront), Amount: 300.00.
  • Property Substitution Fee (Payment), Amount: 300.00. Additional Information: Payable when you wish to change the security that is securing your mortgage loan, per property
  • Re-documentation Fee (Event), Amount: 300.00. Additional Information: Home loan only
  • Switching Fees (Upfront), Amount: 300.00. Additional Information: Payable when you convert your loan to another loan product type
  • Progress Inspection Fee (Event), Amount: 110.00.
  • Loan Security Fees (Event), Amount: 500.00. Additional Information: Documents include title search, registration of mortgage documents, and registration of discharge documents
  • Legal Enforcement Expenses (Event), Amount: 1000.00.
  • Other Fees And Charges (Event), Amount: 1000.00. Additional Information: Fees are incurred at the time of the credit union processing the transactions, unless otherwise stated. These fees are in addition to any monthly account keeping fees.
  • Government Charges (Event), Amount: 1000.00.