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Review by
Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.
The Beyond Bank Standard Variable Home Loan is suitable to owner occupiers buying a home, those looking to buy an investment property, and those looking to refinance or renovate their existing home.
It’s also suited to those buying their first home, as the Parent Equity feature allows your parents to guarantee a portion of your home loan to help cover your deposit.
There are a number of ways this home loan can help you manage your finances and pay your loan off sooner:
Beyond Bank charges no monthly or annual service fees for this loan.
As with most home loan applications, you'll need to have some information about where you work, including your employer's address.
You'll also need to give Beyond Bank some personal information, including your address, information about how much you earn, and some information about what assets and liabilities you currently have. You'll also need to supply your drivers licence number.
Beyond Bank have a few criteria you'll need to satisfy before you apply:
Clicking on the 'Go to Site' button will securely transfer you to Beyond Bank's website, where you can find out more about this loan and start an application or enquiry.
4 Comments
March 1, 2015
Q1. Is this applicable for refinance (principal + interest)?
Q2. How much is the cost for the valuation fee? The property location is in Victoria, Wyndham Vale.
Q3. How much is the legal fee?
Q4. Is their any other fees involved?
Q5. How long does it take to completely transfer?
Q6. Do I need to inform my current bank if decided to transfer?
March 2, 2015
Hi Hector,
Thanks for your question.
1) Yes this loan is available for refinancing, principal, and interest
2) Your valuation fee (if required) is determined at cost, which means it is assessed on a case by case basis
3) Legal fees also vary, be mindful that the borrower will need to pay for solicitor costs
4) All other applicable fees found in Beyond bank disclosure
5) The amount of time it takes will depend on the borrower and how fast they can submit their documents, the whole process can take up to a month
6) Yes you will need to inform your current bank if you decide to refinance
Cheers,
Shirley
February 15, 2015
will this rate be reduced in line with the reserve bank reduction in rates last week and if so when will this happen
February 16, 2015
Hi Lesley,
Thanks for the question.
We haven’t heard anything from Beyond Bank regarding the RBA rate change yet, but keep checking our RBA cash rate page to see if they respond to the rate cut and how.
I hope this helps,
Marc