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.

A note on fees

This product is a package loan that comes with an annual package fee of $395. But Beyond Bank is waiving the $445 application fee.

Interest Rate Max Insured LVR Max LVR
3 Year Fixed Rate Home Loan Special (Owner Occupier, P&I)
3.83% p.a.
Comparison Rate
4.89% p.a.
80% 80%
Product NameBeyond Bank Fixed Rate Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$2,000,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR80%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentNo
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest

Application Fee$445
Valuation Fee$0
Ongoing Fees$0 p.a.
Settlement Fee$350
Discharge Fee$295

Pros

  • Competitive fixed interest rate
  • Flexible repayment options
  • Package benefits

Cons

  • There is an annual package fee
  • There is a $350 settlement fee

What do I need to know about this loan?

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.

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 $2,000,000. You can borrow up to 80% of the value of your property. However, borrowing more than 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 do I apply for this loan?

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.

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Beyond Bank Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $445 / $0

  • Max LVR

    80%

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