Rates & fees

12 Month Discounted Variable Rate

This option enables you to get a head start on paying off your Home Loan. The discounted rate is only available for new loans, and at the end of the discounted period the interest rate converts to our current Standard Variable Rate. Alternatively, you can choose another Home Loan option (conditions and fees apply).

Interest Rate

12 Month Discounted Variable Rate

6.61% p.a.

Comparison rate

7.38 p.a.

 

1 Year Guaranteed Rate

While you get used to your new financial routine, you can protect yourself against any increases in interest rates by ensuring that your repayments remain the same for the first 12 months. This feature is only available for new loans, and after the first year the rate converts to our current Standard Variable Rate. Alternatively, you can choose another Home Loan option (conditions and fees apply).

Interest Rate 

1 Year Guaranteed Rate

6.33% p.a.

Comparison rate

7.35% p.a.

 

Rate Lock (only available on 1 Year Guaranteed Rate) 

There is a $750 fee for each Rate Lock.

Establishment fee

The establishment fee is $600.

Loan Service Fee

The monthly loan service fee is $8.

Great Savings with Wealth Package

Save 0.40% p.a. on our Standard Variable Rate at the end of the Introductory Rate period with Wealth Package. You also benefit from no establishment fee or monthly loan service fee for the life of the loan, as well as savings on banking and insurance products.

Find out more about our Wealth Package.

What is a comparison rate?

A comparison rate helps you identify the true cost of a loan. It takes into account the interest rate, loan set-up costs, the term of the loan, and any other up front or ongoing fees associated with a loan.

When deciding on the loan that suits your particular needs, it's important to consider all features of the loan, not just the comparison rate. For example, features such as the convenience of Internet banking or flexible repayment arrangements are not included in the comparison rate.

It's also important to know that the comparison rate does not include:

• Government charges, such as stamp duty or mortgage registration fees
• Fees and charges associated with certain loan options that may or may not be used by the lender, such as early repayment or redraw fees
• Fees and charges which may not be available at the time the comparison rate is provided

 

Important Information:

• All comparison rates are calculated on the basis of secured credit of $150,000 over a 25 year term. 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.
• An annual fee and eligibility criteria applies to Wealth Package and terms and conditions are available on application.