Offset Investment Loan Fxed IO

A home loan packed with positives for future generations.
Category: Home Loans  Last Updated December 6, 2024  Effective December 18, 2024

 General Lending Rates

Rates listed below are for a FIXED INVESTMENT Interest Only product. Additional Information
Interest Rate
6.14% PA
Comparison Rate
6.54%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 Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  1 year - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.29%, Comparison Rate 6.61%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  1 year - LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.29%, Comparison Rate 6.66%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  1 year - LVR 90% or less
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.64%, Comparison Rate 7.00%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  2 year - LVR 90% or less
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.49%, Comparison Rate 6.96%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  2 years - LVR 60% or less
  • Lending Rate Type: Fixed
  • Interest Rate: 6.14%, Comparison Rate 6.54%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  2 years - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.14%, Comparison Rate 6.58%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  2 years - LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.14%, Comparison Rate 6.62%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  3 year - LVR 90% or less
Minimum: 80.1 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.49%, Comparison Rate 6.94%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  3 years - LVR 60% or less
  • Lending Rate Type: Fixed
  • Interest Rate: 6.14%, Comparison Rate 6.52%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  3 years - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.14%, Comparison Rate 6.56%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  3 years - LVR 80% or less
Minimum: 70.1 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.14%, Comparison Rate 6.59%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  5 years - LVR 60% or less
  • Lending Rate Type: Fixed
  • Interest Rate: 6.14%, Comparison Rate 6.50%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  5 years - LVR 70% or less
Minimum: 60.1 PERCENT Maximum: 70 PERCENT
  • Lending Rate Type: Fixed
  • Interest Rate: 6.14%, Comparison Rate 6.53%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment

 Product Features

  • Digital Banking Additional Information: You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.
  • Extra Repayments Additional Information: Addtional repayments up to $30,000 during the fixed rate period
  • Offset Additional Information: A Mortgage Offset account reduces the amount of interest you pay on your home loan. The amount within this account is offset against your home loan, meaning you only pay interest on the difference. Up to a limit of $20,000.
  • Other Additional Information: 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
  • Other Additional Information: Fixed rate lock; With our rate lock you can apply for a fixed interest rate on your home loan and lock in the rate while your home loan settles.

 Product Eligibility

  • Min Age - 18. Additional Information: Individuals (natural persons) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.
  • Natural Person Additional Information: Not available for non-personal borrowers.
  • Other Additional Information: Applications for loans are subject to the Bank's lending criteria.
  • Residency Status - Au. Additional Information: Australian citizen or permanent resident of Australia

 Bank Fees and Charges

  • Break Fee (Variable), Amount: Not Listed.. Additional Information: You may be required to pay a break fee if you pay your fixed loan off in full, make an early repayment or make certain other changes to your loan during any fixed period. The fee is calculated at the time of the event and is specifically related to your individual loan. More information is found in the loan fees and charges document.
  • Annual Fee (Periodic), Amount: 350.00. Additional Information: Annual fee payable on all Offset loans. The fee is debited to the loan annually on the anniversary date of funding and is non refundable. Only one annual fee applies per customer where multiple Offset loans exist.
  • Portability Fee- Existing Mortgage (Event), Amount: 150.00. Additional Information: Payable when a property securing a loan is replaced with a property that is already registered with a Bank Australia mortgage.
  • Portability Fee- New Mortgage (Event), Amount: 500.00. Additional Information: Payable when you request that a property securing a loan is replaced with a property that is a new security to Bank Australia.
  • Valuation Administration Fee (Event), Amount: 250.00. Additional Information: If you request a loan variation, Bank Australia may need to revalue your property before approving the request.
  • Rate Lock Fee (Variable), Amount: Not Listed.. Additional Information: Payable when you choose to lock in the fixed rate at application. 0.10% of the total fixed loan amount for approved home loan applications (minimum fee $50). This applies to 1, 2, 3 and 5 year Fixed Rate home loans only and is a non-refundable fee.
  • Loan Variation Fee (Event), Amount: 150.00. Additional Information: Payable when transferring from a home loan product to a different home loan product. For example, transferring a variable rate product to a fixed rate product.
  • Additional Valuation (Event), Amount: 150.00. Additional Information: The establishment fee covers a standard loan, which includes one valuation. This fee applies for any additional standard residential valuation required.
  • Mortgage Discharge Fee (Event), Amount: 350.00. Additional Information: Payable when you discharge the mortgage. Statutory government registration fees will still apply
  • Establishment Fee (Upfront), Amount: 0.00.
  • Monthly Fee (Periodic), Amount: 0.00.
  • Redraw Fee (Event), Amount: 0.00.
  • 1st Valuation Fee (Event), Amount: 0.00.
  • Construction Progress Inspection (Event), Amount: 0.00.
  • Platinum Rewards Credit Card Annual Fee (Periodic), Amount: 0.00. Additional Information: We waive the annual fee if you have an Offset loan

 Limitations & Restrictions (Constraints)

  • Min Limit of 10000.00