Beyond Bank Fixed Rate Home Loan

Enjoy a low fixed rate home loan that offers additional repayments.

The Beyond Bank Fixed Rate Home Loan offers the certainty that your repayments won't rise during the fixed rate period, along with the flexibility to make additional repayments.

No reviews yet. Write a review
Avatar

By

Richard Whitten

Updated

Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).

Expert review

The Beyond Bank Fixed Rate Home Loan is available for owner-occupiers. The three-year fixed rate loan offers a low minimum borrowing amount and free online redraws.

About this loan

What are the features and benefits of the Beyond Bank Fixed Rate Home Loan?

  • Loan amount and purpose. The Beyond Bank Fixed Rate Home Loan has a low minimum borrowing amount of $50,000 and a maximum borrowing amount of N/A. You can borrow up to 80% of the value of your property. However, borrowing more than 80% will incur a lenders mortgage insurance (LMI) premium.
  • Extra repayments. Unlike many fixed rate home loans, the Beyond Bank Fixed Rate Home Loan allows you to make additional repayments. You can make up to $25,000 in extra repayments each year without penalty.
  • Free redraw. If you've made extra repayments, you can withdraw them using the loan's free online redraw facility. There's no fee for redraws and no minimum redraw amount.
  • Fee-free credit card. The Beyond Bank Fixed Rate Home Loan offers access to the bank's no-annual-fee, low-rate credit card.
  • Interest-only option. The Beyond Bank Fixed Rate Home Loan offers a two-year interest-only term, subject to approval.

What fees and charges come with this loan?

  • Application fee: $445. Beyond Bank is currently waiving this fee for this product.
  • Annual package fee: $395. There is an annual package fee.
  • Settlement fee: $350. This fee covers the funding costs associated with funding your home loan.
  • Discharge fee: $295. This one-off fee is charged when you close your home loan account, either by refinancing or paying off your home loan.

How to apply

If you've compared home loans and think the Beyond Bank Fixed Rate Home Loan is right for you, click the link below. You'll be taken to Beyond Bank's website where you'll be walked through your application.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site