Beyond Bank First Home Buyers Total Home Loan Package

First home buyers can get 1, 2 or 3 year fixed rates and only need a 5% deposit.

Beyond Bank's First Home Buyers Total Home Loan Package offers discounted rates and is available with a 5% deposit. You can make extra repayments and it has free online redraw.

There is an annual package fee of $395.

Interest Rate Max Insured LVR Max LVR
1 Year (Owner Occupier)
3.24% p.a.
Comparison Rate
4.49% p.a.
95% 80%
2 Year (Owner Occupier)
3.24% p.a.
Comparison Rate
4.41% p.a.
95% 80%
3 Year (Owner Occupier)
3.24% p.a.
Comparison Rate
4.34% p.a.
95% 80%
Product NameBeyond Bank First Home Buyers Total Home Loan Package Fixed Rate Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$2,000,000
Minimum Loan Term5 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Extra RepaymentYes
Repayment TypePrincipal & Interest
Application Fee$0
Lender's Legal FeeAt Cost
Valuation FeeAt Cost
Ongoing Fees$395 p.a.
Discharge Fee$350

Pros

  • Available with a low deposit
  • Free online redraw
  • Flexible repayments

Cons

  • There is a $395 annual package fee
  • There is a $350 discharge fee

What do I need to know about this loan?

This loan has principal-and-interest repayments and fixed rates, plus a maximum insured LVR of 95%. You can get this loan with a 5% deposit, but you may have to pay lenders mortgage insurance.

What are the features and benefits of the Beyond Bank First Home Buyers Total Home Loan Package loan?

  • Loan amount. You can borrow up to $2,000,000 with this loan.
  • Purpose. This mortgage is for people buying their first home.
  • Repayment flexibility. You can repay this loan monthly, weekly or fortnightly. You can also make extra repayments up to $25,000 a year.
  • Redraw. This loan also has a redraw facility with unlimited free online redraw. You will need to redraw a minimum of $500.

What fees and charges come with this loan?

The Beyond Bank First Home Buyers Total Home Loan Package comes with an annual package fee and a few other fees to watch out for.

  • Service fee: $395. This package fee is charged annually.
  • Discharge fee: $350. You pay a discharge fee when you end the home loan, either by repaying it or refinancing to another lender.
  • Switching fee: $395. You pay this fee when changing from one Beyond Bank home loan to another.
  • Legal and valuation fees: The legal and valuation expenses are charged at cost and will vary by property.

How do I apply for this loan?

To apply for this product or to get more information, click the green "Go to site" button and leave your details on Beyond Bank's website. A Beyond Bank lending specialist will get in touch and talk you through eligibility requirements and help you with your application.

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Beyond Bank First Home Buyers Total Home Loan Package Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $395

  • Max LVR

    80%

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