Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".
Here are the key features and details you need to know about Bank Australia's mortgage products.
| Feature | Details |
|---|---|
| Customer-owned bank | Bank Australia is owned by its members. This means it can re-invest profits and pass on the savings to customers rather than shareholders. |
| Minimum deposit | The minimum deposit depends on the loan, so check each loan's maximum LVR in the table above. Some Bank Australia loans are available to borrowers with low deposits (LMI may apply), and Bank Australia is a participating lender in the Australian Government 5% Deposit Scheme. |
| Offset account | Bank Australia offers home loans with an offset account. Check which loans include one in the table above. |
| Fees | Fees vary by loan, so check each loan's upfront and ongoing fees in the table above. |
| Repayment options | Both Bank Australia's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans. |
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
Find a better home loan
Take our easy quiz and start saving.
If you want to compare loans from similar lenders to Bank Australia then you can start with these customer-owned banks and credit unions.
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
Work out how much you need to earn to buy a house in any Australian suburb.
How to accurately estimate the cost of building your own house.
Historic data and expert opinion suggests that even in the event of a recession, Australian property prices might actually rise.
A salary sacrifice arrangement helps you pay off your home loan and pay less in tax. Find out what you need to know first.
Learn about minimum deposits and eligibility requirements for rural or hobby farm home loans.
Redraw and offset accounts are handy features to have on your home loan and can save you thousands in interest on your repayments.
Mortgage security or property security is when the bank “secures” your home loan against the property you wish to purchase. Learn why it’s important and how it works.
Aussie Home Loans is both a lender and a mortgage broker. Compare its home loan offers and learn more about this lender.
loans.com.au is one of Australia's leading online only lenders with a range of products that have great features and low costs.
Find out whether you can get a home loan application approved by a lender if you have bad credit.
Do you have personal loans , To pay off all my other debts . and at what interest
Hi Ron,
Thanks for your question.
If you are looking to consolidate your debts, you refer to our list of personal loans for consolidation to compare your options. The interest rate varies per lender and you can check these details in our comparison table. The lowest comparison rate that I can see is at 9.36%p.a.
Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance. Please be mindful of the eligibility criteria for each loan before submitting your application.
Cheers,
Anndy