Bank Australia home loans comparison and reviews | Finder

Bank Australia home loans

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

Bank Australia

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Find essential information about Bank Australia home loans on this page. Skip ahead to the full table of products or read more about Bank Australia home loans below.

Compare Bank Australia home loans

Compare Bank Australia home loans below. Hit "load more" to see a fuller selection of home loans and hit "Enquire now" to speak to a mortgage broker.

Data updated regularly
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years
Name Product Interest Rate (p.a.) Comp. Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Bank Australia Basic Fixed Home Loan
2.09%
2.97%
$595
$0 p.a.
80%
$562.33
Bank Australia Premium Home Loan Package
2.39%
3.67%
$0
$350 p.a.
80%
$585.25
Bank Australia Basic Variable Home Loan
2.59%
2.63%
$595
$0 p.a.
70%
$600.83
This special rate mortgage has no ongoing fees and offers flexible repayments.
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Bank Australia lender profile

  • Bank Australia has been in business since 1957. It is a customer-owned bank without external shareholders.
  • Bank Australia is Australia's largest customer-owned bank and was formed when a number of credit unions joined forces.
  • 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.

Bank Australia mortgage features

Bank Australia has mortgages for home buyers and investors, fixed and variable rates plus a line of credit loan.

FeatureDetails
Customer owned bankBank Australia is owned by its members. This means it can re-invest profits and pass on the savings to customers rather than shareholders.
DepositMost Bank Australia home loans let you borrow up to 80%. In other words, you need a 20% deposit.
Redraw facilityMost Bank Australia home loans come with a redraw facility.

How do I apply for a Bank Australia mortgage?

You can learn more about a specific Bank Australia mortgage by clicking through to that product's review page. Clicking the "Enquire now"' button will let you enter your details and get in touch with a mortgage broker who can help you apply for Bank Australia mortgage.

Eligibility

Each Bank Australia product have specific eligibility criteria but some will apply to all products. For example:

  • 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 Bank 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:

  • Identification documents. You will need identification such as a driver's license, 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).

Detailed guide to home loan applications and paperwork

Looking for more mortgage options?

More guides on Finder

  • Bank Australia Premium Home Loan Package

    With a discounted interest rate and the choice of a fixed or variable rate, the Bank Australia Premium Home Loan Package has a long list of features.

  • Bank Australia Fixed Rate Home Loan

    Fixed interest rate loans give you a defence against rising interest rates. You can choose to have a one, two or three-year fixed interest rate period with the Bank Australia Fixed Rate home loan.

  • Bank Australia Premium Home Loan

    The features of the Premium Home Loan make for a flexible, no-frills option for buying a home or other investment purposes.

  • Bank Australia Bridging Loan

    The Bank Australia Bridging Loan is suitable for property investors and owner-occupiers thanks to its competitive interest rates and features. You don’t have to wait until your current property is sold to acquire a new one.

  • Bank Australia Basic Home Loan

    Bank Australia’s Basic Home Loan is an option for those on a tight budget, but still looking to borrow money for a new home. This flexible loan offers a competitive interest rate, no monthly fee, repayment and redraw capabilities.

  • Bank Australia Line of Credit

    If you’re short on cash and need to finance a project such as buying new furniture or even taking a holiday, a Bank Australia Line of Credit may be able to help. A Bank Australia Line of Credit offers a competitive interest rate, flexible repayment options and the ability to make extra repayments. However, before deciding on whether this is the right loan for you, compare your options on finder.com.au.

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2 Responses

    Default Gravatar
    RonJanuary 2, 2018

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

      Avatarfinder Customer Care
      DeeJanuary 3, 2018Staff

      Hi Ron,

      Thanks for your question.

      If you are looking to consolidate your debts, you refer to our list of personal loans for consolidation to compare your options. 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.

      Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance. Please be mindful of the eligibility criteria for each loan before submitting your application.

      Cheers,
      Anndy

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