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Beyond Bank Australia Home Loans

Beyond Bank Australia has home loan rates starting from 6.29%.

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Beyond Bank is a customer owned bank offering a range of home loans for Australian borrowers. Check out the full table of Beyond Bank products below or read more about the lender.

Compare Beyond Bank home loans for May 2024

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Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest30% min. depositInvestment
Interest Rate
6.34%
Comparison Rate
6.37%
Fees
Application: $445
Ongoing: $0 p.a.
Monthly Payment
$934
Principal & Interest20% min. depositOwner-occupier
Interest Rate
6.29%
Comparison Rate
6.32%
Fees
Application: $445
Ongoing: $0 p.a.
Monthly Payment
$929
Principal & Interest 3Y Fixed20% min. depositOwner-occupierOffset account
Interest Rate
6.29%
Comparison Rate
7.69%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$929
Principal & Interest 3Y Fixed5% min. depositOwner-occupier
Interest Rate
6.29%
Comparison Rate
7.69%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$929
Principal & InterestInterest only 3Y Fixed10% min. depositOwner-occupier
Interest Rate
6.49%
Comparison Rate
7.75%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$948
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Beyond Bank key facts

  • It's a customer owned bank based in Adelaide.
  • It offers home loan products for owner-occupiers and investors.
  • This lender also offers other financial products such as credit cards, savings, online banking services and personal loans.

Beyond Bank home loan features

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

FeatureDetails
Minimum depositIt's possible to get a home loan with a deposit as low as 5%.
Offset accountYou can get an offset account with several of its loans.
Repayment optionsMany of its home loans allow you to make interest only repayments for a limited period. The lender also offers the standard principal and interest repayments on its loans.

How do I apply for a mortgage from Beyond Bank?

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 Beyond Bank 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:

๐Ÿ“„ 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.

๐Ÿ“„ Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

๐Ÿ“„ Proof of income documents. Recent payslips can establish your income.

๐Ÿ“„ 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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2 Responses

    Default Gravatar
    PaulJuly 12, 2021

    I would like to know if i applied for a $2000000 home loan, how much deposit would be required and what would the repayments be.

      AvatarFinder
      SarahJuly 16, 2021Finder

      Hi Paul,

      The deposit required will vary depending on the Beyond Bank home loan product you apply for. It could be 5%, 10% or 20%, noting that any deposit of less than 20% will require you to pay lender’s mortgage insurance. On a loan of this size, LMI would be quite high (tens of thousands of dollars).

      The repayment may differ depending on the loan value, deposit amount and payment frequency. If you choose the Total Home Loan Package and the loan value is $2,000,000 with a deposit of $400,000, your home loan amount would be $1.6m, and your estimated monthly repayment would be $6,019 for a principal and interest loan.

      Finding the right home loan for you can be a time-consuming process, so consider reaching out to mortgage brokers who compare home loans from a wide panel of lenders. They can help you find a product that matches your financial needs and assist you with your application.

      Hope this helps.

      Cheers,
      Sarah

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