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Free Smart Booster Discount Variable Home Loan

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The Smart Booster Discount Home Loan from is a variable rate home loan offering a discounted interest rate that's one of the lowest in the market.

The Smart Booster Discount Variable Home Loan offers homebuyers a very low discounted rate for the first one to two years. After the introductory discount the rate reverts to a higher (though still competitive) variable rate. It's also a low-fee loan with basic features and requires a 20% deposit.

You can add an optional offset account for an additional 0.10% on your interest rate.

Interest Rate Max Insured LVR Max LVR
1 year
1.99% p.a.
Comparison Rate
2.47% p.a.
80% 80%
2 year
2.09% p.a.
Comparison Rate
2.71% p.a.
80% 80%
Product Smart Booster Discount Variable Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$1,000,000
Minimum Loan Term15 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR80%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentNo
Extra RepaymentYes
Repayment TypePrincipal & Interest
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$220 or at cost
Ongoing Fees$0 p.a.
Settlement Fee$300
Discharge Fee$0


  • Competitive rates
  • Flexible repayments
  • Low fees


  • Requires a 20% deposit
  • There is a $300 settlement fee

What do I need to know about this loan?

The Smart Booster Discount Variable Home Loan is only for owner-occupiers and has principal-and-interest repayments. The product offers discounted variable introductory rates. After the initial discount period this reverts to a higher rate.

The loan requires a 20% deposit. While it doesn't have an offset account it has a redraw facility and flexible repayment options.

What are the features and benefits of the Smart Booster Discount Variable Home Loan?

  • Revert rates. After the initial discount rate period ends the loan reverts to a higher rate. The 1 year discount rate reverts to a rate of 2.48% and the 2 year discount rate reverts to 2.79%.
  • Loan amount. The Smart Booster Discount Variable Home Loan has a minimum loan amount of $50,000 and a maximum loan amount of $1,000,000.
  • Offset account. You can add an offset account to this loan but your interest rate will increase by 0.10%.
  • Loan to value ratio (minimum deposit). The maximum insured loan to value ratio is 80%. This means you'll need a 20% deposit to get this loan.
  • Extra repayments. This loan allows you to make extra repayments and has a redraw facility, which means you can withdraw some of your extra repayments to spend if needed.
  • Other options. This loan is portable and has a loan split facility, allowing you to divide the loan into fixed and variable portions.

What fees and charges come with this loan?

This loan has few fees, with only one-off settlement and valuation fees.

  • Settlement fee: $300. This one-off fee covers the cost of loan settlement.
  • Valuation fee: $220 or at cost. This fee covers the lender's cost to have your property valued prior to settlement.

How do I apply for this loan?

If you want to apply for the Smart Booster Discount Variable Home Loan or get more information, simply click the green button and leave your details. A lending specialist from will get in touch with you and help you take the next step.

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  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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