Features

Choose the interest rate that works for you

If you would like the assurance of knowing exactly what your repayments will be, you can set your interest rate for fixed periods of 1 to 5, 7, 10, or 15 years.

Home Loan conditional pre-approval

To search for a property knowing how much you can borrow, get conditionally pre-approved on your Home Loan that’s valid for 6 months with our Home Seeker service.

Find out more about getting conditionally pre-approved.

Loan Term

You can design your loan to suit your needs. Spread your loan out over 30 years to minimise your monthly repayments, or choose a shorter term and pay it off sooner.

Repayment Frequency

Choose how often you would like to make repayments by considering what best suits your income and other commitments. You can make your payments weekly, fortnightly or monthly¹.

Repayment Method

Set automatic repayments via direct debit or Automatic Funds Transfer to be deducted when it suits you, from your Debit MasterCard or Streamline Account. Or if you prefer, you can pay online, over the phone or in person at one of our branches.

Find out more about repayment methods.

Additional Repayments

Regular additional repayments can also be made to cut the term of your loan and save you thousands in interest. You can make additional repayments on your Fixed Rate Home Loan up to a maximum of $10,000 per annum without penalty².

Interest is calculated daily

We calculate interest on a daily basis, so you'll see immediate benefits from every repayment you make.

Rate Lock

When you apply for a fixed rate loan, you should be aware that the interest rate may change during the time between your loan application and when we fund the loan.

If you want to be certain that your rate will be the same as when you first applied, you should consider our Rate Lock option. Rate Lock guarantees your fixed rate for a period of up to 90 days. It can be added to applications at anytime during the application process, but must be locked in before funding and settlement. 

Rate lock is only available on Fixed Rate Home Loans for 1 – 5 year terms and 1 Year Guaranteed Rate Home Loans. You will need to pay a $750 fee for each Rate Lock.

Split your loan

With variable rate loans, you can make unlimited additional repayments and have the flexibility redraw (withdraw) them at any time, while fixed rate loans give you the confidence of knowing how much your repayments will be and protect you against rate rises. You can combine the two by splitting your loan and taking the advantage of the benefits of both.

Interest Only Option

If your circumstances change or you'd like to free up some cash each month for other purposes, you can reduce your loan commitments by paying only the interest amount due each month¹.

Interest in Advance

With a 0.20% p.a. saving on standard fixed rates, this is available on interest only Fixed Rate Investment Home Loans (with fixed rate periods of 1 to 5 years only) and is a convenient way to consolidate interest repayments into one lump sum in order to gain tax benefits in any given tax period³.

Find out more about Interest in Advance for your Investment Property, by simply contacting our loan experts.

 

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Important Information

• 1.Interest only repayments can only be made monthly.  The interest only payment period may be for any term of 1 – 15 years for Investment Home Loans and 1 – 10 years for owner occupied Home Loans, irrespective of the fixed, guaranteed, or discounted variable rate term.
• 2. Lump sum repayments on Fixed Rate Home/Investment Home Loans can only be made to a maximum of $10,000 per annum without penalty. Payments above $10,000 (or if you prepay your loan early) you will need to pay an Administrative Fee and may also need to pay an Early Repayment Adjustment.  If you switch to another loan type during your fixed rate period, you will need to pay an administrative fee and may also need to pay an Early Repayment Adjustment.
• 3. The Interest in Advance period must equal the interest only and fixed rate period.
• Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in the Loan Offer. Fees and charges are payable.
• If you do not find a property and accept our formal loan offer within 90 days of the conditional pre-approval date, we will need to obtain from you updated financials and confirm that the loan still meets your needs and financial objectives.