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Arab Bank Australia

Arab Bank of Australia home loans

Arab Bank of Australia has home loan rates starting from 3.7%.

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Arab Bank of Australia is the Arab world's first private bank. Arab Bank of Australia offers a range of home loans for Australian borrowers. Check out the full table of Arab Bank of Australia products below or read more about the lender.

Compare Arab Bank of Australia home loans for June 2022

1 - 5 of 13
$
years
Name Product Interest Rate (p.a.) Comp. Rate p.a. Fees Monthly Payment

Arab Bank Australia Fixed Rate Home Loan P&IIOHome 2Y Fixed≥ 5% Deposit

Arab Bank Australia Fixed Rate Home Loan
4.30%
4.33%
  • App: $600
  • Ongoing: $8 per month
$744
Fix in a rate for two years and enjoy security.

Arab Bank Australia Fixed Rate Home Loan P&IInvestment 2Y Fixed≥ 5% Deposit

Arab Bank Australia Fixed Rate Home Loan
4.70%
4.82%
  • App: $600
  • Ongoing: $8 per month
$779

Arab Bank Australia Fixed Rate Home Loan P&IIOHome 3Y Fixed≥ 5% Deposit

Arab Bank Australia Fixed Rate Home Loan
4.80%
4.47%
  • App: $600
  • Ongoing: $8 per month
$788
Lock in a rate which won't change over three years.

Arab Bank Australia Fixed Rate Home Loan P&IIOHome 1Y Fixed≥ 5% Deposit

Arab Bank Australia Fixed Rate Home Loan
3.70%
4.28%
  • App: $600
  • Ongoing: $8 per month
$692
A flexible one year fixed rate home loan.

Arab Bank Australia Fixed Rate Home Loan P&IInvestment 3Y Fixed≥ 5% Deposit

Arab Bank Australia Fixed Rate Home Loan
5.30%
4.97%
  • App: $600
  • Ongoing: $8 per month
$834
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Arab Bank of Australia key facts

  • Arab Bank of Australia is a bank with branch locations in NSW and VIC.
  • Arab Bank of Australia offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as personal loans and transaction and investment accounts.

Review by our senior home loans writer Richard Whitten

Arab Bank of Australia home loan features

Here are the key features and details you need to know about Arab Bank of Australia's mortgage products.

FeatureDetails
Minimum depositIt is possible to get a home loan from Arab Bank of Australia with a deposit as low as 5%.
Offset account?You can get an offset account with several Arab Bank of Australia loans.
Repayment optionsArab Bank of Australia does not allow you to make interest-only repayments on its loans.

How do I apply for a mortgage from Arab Bank of Australia?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Arab Bank of Australia you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

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4 Responses

  1. Default Gravatar
    FaridullahNovember 8, 2014

    Salam alikum, I recently purchased a house in Perth. I am an overseas worker and didn’t know about any islamic bank.
    Now I am stressful because the way I am paying mortgage in not according to sharia. I need your help if I can transfer my existing mortgage to an Islamic bank and pay according to sharia?

    • Avatarfinder Customer Care
      ElizabethNovember 10, 2014Staff

      Hi Faridullah,

      Thanks for your question.

      Transferring your existing mortgage to another lender is referred to as refinancing and is possible to do. You might want to take a look through the steps associated with refinancing. Before you start, take a look at the break costs and exit fees your current lender will charge you to leave your home loan to see if it’s a financially viable option.

      I hope this has helped.

      Thanks,

      Elizabeth

    • Default Gravatar
      FaridullahNovember 11, 2014

      Thanks for your reply. I want to refinance but my question is that I want to borrow according to sharia, just like other islamic banks are doing Overseas. Reply if you can be of any help in this matter.

    • Avatarfinder Customer Care
      ElizabethNovember 11, 2014Staff

      Hi Faridullah,

      You’ll need to get in contact with Arab Bank directly to see if they are able to lend to you in this way, as I’m unaware of the specifics of sharia. If they can’t offer you this, you may want to get in touch with a mortgage broker who might be able to offer you other options for lenders.

      I hope this has helped.

      Thanks,

      Elizabeth

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