Homebuyer Special (Essentials PI) review

A basic home loan for owner occupiers with a competitive interest rate that's tailored to first home buyers.

The Homebuyer Special (Essentials PI) is a no-frills home loan product that doesn't come with many features but compensates with low fees and an interest rate that's well below many other loans on the market.

This product is no longer available

The Homebuyer Special (Essentials PI) was a special discounted product that is currently not available. Find more products here.

What do I need to know about this loan?

This loan is available for owner occupiers and is a principal and interest loan. It is not available as a construction loan or for purchases of vacant land. While the loan doesn't offer an offset account it does offer fee-free redraw.

What are the feature and benefits of the Homebuyer Special (Essentials PI) loan?

  • Owner occupiers. This loan is only for owner occupiers and cannot be used for investment or construction purposes.
  • Loan-to-value ratio. The Homebuyer Special (Essentials PI) has a maximum LVR of 80% and a maximum insured LVR of 80%.
  • No offset. This product is a basic home loan and doesn't come with an offset account.
  • Free redraw. You can withdraw extra funds you've paid into your loan without paying any fees.
  • Split facility. You can split this loan up to five times and there is no fee for doing so.

What fees and charges come with this loan?

  • Settlement fee: $300. This fee covers the costs of setting up your home loan.

How do I apply for this loan?

If you're interested in the Homebuyer Special (Essentials PI) you can click the link below to be taken to the site. There, you'll be walked through the entire online application process.

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