Zip Home Loan

Get a low variable rate and a no-fee Visa debit card.

The Zip Home Loan is a low-rate home loan that offers flexible repayments, free redraw and access to a fee-free Visa debit card.

Product Zip Home Loan
Interest Rate TypeVariable
Interest Rate (p.a.)2.83%
Comp Rate^ (p.a.)2.85%
Minimum Loan Amount$250,000
Maximum Loan Amount$2,000,000
Minimum Loan Term15 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR80%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
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 Fee220 or at cost
Ongoing Fees$0 p.a.
Settlement Fee$300
Discharge Fee$300


  • No application fee or ongoing fees
  • Low interest rate


  • No offset account
  • Not suitable for investment

What do I need to know about this loan?

The Zip Home Loan is available only to owner-occupiers for purchase or refinance. It carries no application or ongoing fees.

What are the features and benefits of the Zip Home Loan?

  • Loan amount and purpose. The Zip Home Loan has a minimum borrowing amount of $250,000 and a maximum borrowing amount of $2,000,000. It has a maximum loan-to-value ratio of 80%, so you'll need at least a 20% deposit.
  • Flexible repayments. The Zip Home Loan allows you to make weekly, fortnightly or monthly repayments. You can make as many additional repayments as you like without penalty.
  • Free redraw. If you're ahead on your home loan, you can withdraw the extra funds using the loan's free online redraw facility. There's no minimum redraw amount and no fee for making online redraws.
  • Visa debit card. The Zip Home Loan comes with a no fee, Visa debit card that lets you spend $5,000 interest free for the life of the loan. This money will not be added to the balance of your home loan, meaning it won't impact your monthly repayments. But you will need to repay a minimum of $100 a month when you use the debit card.
  • Low fee. This loan comes with no application or ongoing fees.

What fees and charges come with this loan?

  • Settlement fee: $300. This fee covers the funding costs associated with funding your home loan.

How do I apply for this loan?

If you've compared home loans and think the Zip Home Loan is the product for you, click the link below. You'll be taken to the website, where you'll be guided through your home loan application.

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  • Interest Rate

    2.83% p.a.

  • Comparison Rate

    2.85% p.a.

  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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