SmartSaver Variable SmartSaver Variable LVR >90% (Owner Occupied)

  • 4.29%
    p.a Standard Variable
  • 4.30%
    p.a Comparison**
  • $495
    Upfront fees
  • $0
    Annual fees
  • 95%
    Max Lvr
  • $1,904
    Per Month*

About Adelaide Bank

Adelaide Bank focus on strong customer relationships, user-friendly products and fast service. As unique mortgage brokers, they offer a more personalised approach, reliability and direct access their decision makers. Their range of home loan products present a streamlined approach to home lending which appeals to a broad range of customers, boasting on providing great all-round value to their current and new customers.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 95% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For ["Equity", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

5 - 30 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Genuine Saving

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repaments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
0 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Loans with LVR greater than 90% must attain a serviceability result of at least 1.2. The SmartSaver Home Loan is designed for customers purchasing a residential property or refinancing their existing loan that require a basic home loan. SmartSaver offers a discounted variable rate and no monthly administration fee whilst still having the flexibility of unlimited extra repayments, redraw and a choice of repayment frequency. Purpose: Purchase or refinance of a residential property. Lending Restrictions: - no construction - no land - no Lo Doc - no Go Between - maximum $50,000 cash out total borrowings - cannot fix rate - no company applicants - no trust applicants - no overseas applicants - no non-permanent Australian resident applicants -No applicants who have been self employed for less than 2 years. Repayments: Monthly repayments (irrespective of any additional repayments) must be made prior to or on the anniversary date of settlement. More frequent payments are permitted (weekly/fortnightly). Principal and Interest: Principal and interest repayments are required during full term of the loan. Interest Only: LVR <90% only Select up to 10 years interest only, converting to principal and interest for the remainder of the loan term. At the end of the initial interest only period a further interest only period may be negotiated with a full reassessment in line with Lending Policy. A loan variation fee may apply. Voluntary repayments: Additional repayments may be made at any time without penalty. Credit increases available. A Credit Increase fee and Security Handling fee is payable. The minimum credit increase amount that can be applied for is $10,000. Note: Not available during a fixed rate or Go-Between period. Cash out is limited to $50,000 total borrowings, if customer has previously taken cash out as part of borrowings, the amount of the cash out is to be subtracted from cash out available for further borrowings. (e.g) If customer received $10,000 cash out as part of initial borrowings, only a further $40,000 will be available for future borrowings on the loan. Redraw available. Minimum redraw of $500. Free Online/Phone banking redraws. Manual redraws - $50. Security: Registered first mortgage only, no second mortgages. Maximum of 3 securities. Credit History: Up to 2 Defaults, Aggregate value less than $1,000. Paid for at least 6 months.

LVR Notes

LMI is required on loans with >80% LVR. Principal & Interest: 95% maximum LVR (including LMI) for owner occupied loans, 90% maximum LVR (plus capitalised LMI) for investment loans. Interest Only: Up to 90% LVR (plus capitalised LMI).


Genuine savings of 5% is required over a 3 month period on a Full Doc loan if the LVR is over 80%. Under 80% no genuine savings required.

Fee Notes

Loan Variation Fee: Up to $350 Split Loan Fee: $100 per split Search Processing Fee: $50 per search. Additional documentation fee $200(consolidation of the additional security documentation fee & company trust fee). Manual Redraw Fee: $50 Additional fees are payable if more than one security property.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided