Bank Australia home loans

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

Bank Australia is Australia’s largest customer-owned bank and was formed when a number of credit unions joined forces.

Bank Australia offers a range of financial products and services, including home loans and personal loans, credit cards, savings accounts and a number of insurance products.

Limited time fee waiver offer

Bank Australia is waiving its $595 establishment fee for Basic Home Loan until 31 March 2019.
Other terms and conditions may apply with this loan.

Who is eligible for Bank Australia's advertised Basic Home Loan rate?

Existing customers must borrow more than $100,000 in new loan funds to qualify for Bank Australia's Basic Home Loan rate.
Existing borrowers taking out extra funds that total less than $100,000 will continue on their current interest rate.

Compare Bank Australia home loans

Rates last updated February 22nd, 2019
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
$0 p.a.
This special rate mortgage has no ongoing fees and offers flexible repayments. Save $595 in establishment fees before 31 March.
$350 p.a.
$350 p.a.
Provides the certainty of fixed interest and repayments for the term of your fixed period
$0 p.a.
$0 p.a.
$8 monthly ($96 p.a.)
A home loan with a competitive fixed rate and offset account.
$0 p.a.
A competitive rate mortgage with limited extra features and low fees from a socially conscious, customer-owned bank.
$0 p.a.
$350 p.a.
$8 monthly ($96 p.a.)
$0 p.a.
$8 monthly ($96 p.a.)
$0 p.a.
Get a basic investment home loan with no ongoing fees.
$0 p.a.
$12.50 monthly ($150 p.a.)
An 'all-in-one' account for your home loan, access account and overdraft

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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

Who is Bank Australia?

Bank Australia has been in business since 1957. It is a customer-owned bank without external shareholders. This allows Bank Australia to focus primarily on its customers' needs and lets them put profits back into its products and services.

The bank is also committed to responsible lending and investment, which includes investing in community projects and refusing to lend to the fossil fuel industry.

How to apply for a Bank Australia home loan

Here are the documents you'll need 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:

  • Title certificate
  • Contract of sale
  • Copy of land transfer

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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HSBC Home Value Loan - (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit. Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

Tic:Toc Live in Loan Variable Rate - Principal & Interest

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2 Responses

  1. Default Gravatar
    RonJanuary 2, 2018

    Do you have personal loans , To pay off all my other debts . and at what interest

    • finder Customer Care
      LouJanuary 3, 2018Staff

      Hi Ron,

      Thanks for your question.

      If you are looking to consolidate your debts, you may compare personal loans for consolidation here. The interest rate varies per lender and you can check these details in our comparison table. The lowest comparison rate that I can see is at 9.36%p.a.

      Please be mindful of the eligibility criteria for each loan before submitting your application.


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