Bank Australia Home Loans

Rates and Fees verified correct on December 8th, 2016

Bank Australia logoCompare Bank Australia home loans and find a competitive loan today.

Bank Australia is Australia’s largest customer-owned bank. It was formed when a number of credit unions joined forces, including ABG Credit Co-operative Limited, Ballarat East Credit Union Co-op, Choice Credit Union Limited, Doncaster and Templestowe Credit Union, Fitzroy and Carlton Community Co-op, Kraft Employees Credit Co-operative Limited, Media Credit Union, RegionalOne Credit Union, St Patrick’s Co-op Credit Society and White Hills Parish Co-op.

Known for its conservative and responsible approach to banking, Bank Australia offers a range of financial products and services. Bank Australia’s range includes a range of home loans and personal loans, credit cards, savings accounts and a number of insurance products.

Compare Bank Australia home loans

Rates last updated December 8th, 2016
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Loan purpose
Offset account
Loan type
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Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Bank Australia Basic Home Loan - Variable (Owner Occupier)
A competitive variable that allows borrowers to borrow from a minimum of $100,000 and $0 ongoing fee.
3.59% 3.60% $0 $0 p.a. 80% Go to site More info
Bank Australia Premium Home Loan Package - 2 Year Fixed (Owner Occupier) LVR < 80%
Provides the certainty of fixed interest and repayments for the term of your fixed period
3.69% 4.24% $0 $350 p.a. 95% Go to site More info
Bank Australia Premium Home Loan Package - LVR<=80% $700k + (Owner Occupier)
Enjoy the discounted interest rate with redraw facility and no ongoing fees.
3.74% 4.09% $0 $350 p.a. 95% Go to site More info
Bank Australia Basic Home Loan - Investment Variable
An investment loan with $0 ongoing fees and borrow up to 95% LVR.
4.54% 4.58% $595 $0 p.a. 80% Go to site More info
Bank Australia Premium Home Loan Package  - 3 Year Fixed (Owner Occupier) LVR < 80%
Provides the certainty of fixed interest and repayments for the term of your fixed period
3.69% 4.22% $0 $350 p.a. 95% More info
Bank Australia Premium Fixed Rate Home Loan - 1 Year Fixed Rate (Owner Occupier)
A home loan with a competitive fixed rate and offset account.
3.89% 4.70% $595 $8 monthly ($96 p.a.) 95% More info
Bank Australia Premium Fixed Rate Home Loan - 2 Year Fixed Rate (Owner Occupier)
A home loan with a competitive fixed rate and offset account.
3.84% 4.62% $595 $8 monthly ($96 p.a.) 95% More info
Bank Australia Premium Fixed Rate Home Loan - 3 Year Fixed Rate (Owner Occupier)
A home loan with a competitive fixed rate and offset account.
3.84% 4.55% $595 $8 monthly ($96 p.a.) 95% More info
Bank Australia Line of Credit Home Loan - Variable Rate
An 'all-in-one' account for your home loan, access account and overdraft
4.84% $595 $12.50 monthly ($150 p.a.) 80% More info
Bank Australia Bridging Home Loan - Variable Rate
Buy a new home even if you haven't yet sold your existing one with the bankmecu Bridging Loan
4.84% 4.88% $595 $0 p.a. 80% More info
Bank Australia Premium Home Loan Package- 1 Year Fixed (Owner Occupier) LVR < 80%
Provides the certainty of fixed interest and repayments for the term of your fixed period
3.74% 4.27% $0 $350 p.a. 95% More info
3.99% 4.34% $0 $350 p.a. 95% More info
3.74% 4.12% $0 $0 p.a. 80% More info
3.79% 4.20% $0 $0 p.a. 80% More info
4.09% 4.44% $0 $350 p.a. 95% More info
4.04% 4.16% $0 $0 p.a. 80% More info
3.74% 4.16% $0 $0 p.a. 80% More info
4.19% 4.53% $0 $350 p.a. 95% More info
4.74% 4.78% $595 $8 monthly ($96 p.a.) 95% More info
4.74% 4.78% $595 $8 monthly ($96 p.a.) 95% More info
4.74% 4.78% $595 $8 monthly ($96 p.a.) 95% More info

Types of home loans offered by Bank Australia

Basic home loan

This no-frills option is aimed at budget-conscious borrowers. It offers standard home loan features at a competitive variable rate, including pre-purchase approval and a redraw facility. You can make weekly, fortnightly or monthly repayments, and you’re also allowed to make additional payments as and when you like. This loan does not attract any monthly fees.

The Basic Home Loan

Premium home loan

The Premium home loan can be used for loans of any purpose and discounts apply to the interest rate depending on how much you borrow. You can make interest-only repayments and additional repayments are accepted. You can choose from weekly, fortnightly or monthly repayments. This home loan comes with a free redraw facility (excluding interest-only loans), does not attract monthly fees, and offers an offset account (which does come with a fee).

The Premium Home Loan

Other home loans

In addition to the home loans mentioned above, Bank Australia also offers bridging loans and SMSF loans.

About how to compare home loans

How to apply for a Bank Australia home loan

If you would like to apply for a home loan from Bank Australia, or want to speak to a customer representative, please fill in the form above. Alternatively, you can speak to a mortgage broker.

Documents needed to apply for a Bank Australia home loan

Personal information

Bank Australia requires personal information from all its loan applicants to verify their identity. If you are not an existing Bank Australia customer your identity is confirmed via an electronic verification system. Documents that help establish your identity include the following:

  • Australian passport
  • Australian driver’s licence
  • Medicare card

Property information

Property-related information is required to establish ownership, and as part of this you will have to submit the following:

  • Certificate of title
  • Contract of sale
  • Copy of transfer of land

Financial information

The financial information you submit helps the bank establish how much you can borrow. Bank Australia requires the following:

  • Employment details, gross and net salary, any other income
  • Approximate value of assets (savings, vehicles, property, superannuation)
  • Complete list of liabilities (credit cards, loan balances, overdraft limits)

While Bank Australia home loans do offer some great options, bear in mind that different people have different requirements and you need to weigh all your options carefully before making a decision.

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This page was last modified on 16 November 2016 at 15:14.

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