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.

Bank Australia Basic Home Loan

Bank Australia Basic Home Loan - Special LVR <80% (Owner Occupier)

3.65 % p.a.

variable rate

3.66 % p.a.

comparison rate

Bank Australia Basic Home Loan

The Bank Australia Basic Special Home Loan is a variable rate loan with no application or ongoing fees.

  • Interest rate of 3.65% p.a.
  • Comparison rate of 3.66% p.a.
  • Application fee of $0
  • Maximum LVR: 80%
  • Minimum borrowing: $100,000
  • Max borrowing: $9,999,999
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Compare Bank Australia home loans

Rates last updated April 22nd, 2018
$
Loan purpose
Offset account
Loan 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
3.65%
3.66%
$0
$0 p.a.
80%
This special rate loan comes with no application or ongoing fees, and offers a flexible repayment schedule.
3.86%
3.87%
$0
$0 p.a.
80%
A competitive rate mortgage with limited extra features and low fees from a socially conscious, customer-owned bank.
4.87%
4.91%
$0
$0 p.a.
80%
Get a basic investment home loan with no ongoing fees.
3.79%
4.33%
$0
$350 p.a.
80%
Provides the certainty of fixed interest and repayments for the term of your fixed period
3.82%
4.17%
$0
$350 p.a.
80%
Enjoy the discounted interest rate with redraw facility and no ongoing fees.
3.89%
4.33%
$0
$350 p.a.
80%
Provides the certainty of fixed interest and repayments for the term of your fixed period
3.99%
4.78%
$595
$8 monthly ($96 p.a.)
95%
A home loan with a competitive fixed rate and offset account.
4.09%
4.73%
$595
$8 monthly ($96 p.a.)
95%
A home loan with a competitive fixed rate and offset account.
4.04%
4.66%
$595
$8 monthly ($96 p.a.)
95%
A home loan with a competitive fixed rate and offset account.
4.92%
$595
$12.50 monthly ($150 p.a.)
80%
An 'all-in-one' account for your home loan, access account and overdraft
4.92%
4.96%
$595
$0 p.a.
80%
Buy a new home even if you haven't yet sold your existing one with the bankmecu Bridging Loan
3.84%
4.35%
$0
$350 p.a.
80%
Provides the certainty of fixed interest and repayments for the term of your fixed period
4.07%
4.42%
$0
$350 p.a.
90%
3.94%
3.92%
$0
$0 p.a.
80%
3.89%
3.91%
$0
$0 p.a.
80%
4.17%
4.51%
$0
$350 p.a.
90%
4.44%
4.14%
$0
$0 p.a.
80%
3.99%
3.93%
$0
$0 p.a.
80%
4.27%
4.61%
$0
$350 p.a.
90%
4.82%
4.86%
$595
$8 monthly ($96 p.a.)
80%
4.82%
4.86%
$595
$8 monthly ($96 p.a.)
80%
4.82%
4.86%
$595
$8 monthly ($96 p.a.)
80%

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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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UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupied Variable P&I Rate — borrowing $700,000 or more

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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

    • Staff
      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.

      Cheers,
      Anndy

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