Beyond Bank Purple Basic Variable Home Loan

Beyond Bank’s variable home loan has minimal fees and lets you make extra repayments.

This variable rate loan has options for owner-occupiers and investors. To get the lowest rate you'll need a 40% deposit.

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Review by

Richard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

For borrowers with big deposits, and refinancers, this is a low variable rate loan worth considering. If you have a smaller deposit or want a loan with an offset account this is not the most suitable option for you.

About this loan

What are the features and benefits of the Beyond Bank variable rate home loan?

  • Deposit size. Borrow up to 80% of your property's value. The most competitive interest rate requires a 40% deposit.
  • Loan amounts. Access up to $2,000,000 in lending, with a minimum loan size of $150,000.
  • Fees. This loan only has 1 upfront fee for most borrowers, plus a discharge fee.
  • Features. This loan allows you to make extra repayments and redraw them if needed.

How to apply

To apply for this home loan or learn more about it, click the green button and follow the steps to speak to a mortgage specialist from Beyond Bank. They'll help you get started with your application.

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