Basic Home Loan Promotional Basic Home Loan Promotional >$150K (Principal & Interest) (Owner Occupied)
3.64%p.a Basic 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, and Vacant Land in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.
- 3 - 30 years
The level of financial documentaion and credit history required to apply for the loan.
- Full Doc
- Credit History
- Genuine Saving
Save on interest repayments by holding spare cash in an offset account.
- Offset account
Get quick access to cash by drawing on the loan to pay for renovations or other purchases.
- Redraw Facility
- Min Redraw
- Redraw fee
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 repayments Fortnightly, Monthly, and Weekly.
- Interest Only Option
- Max Interest Only
- 0 years
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.
Monthly and annual fees and charges during the loan period.
Fees associated with prematurely ending the loan.
- Early Repayment
- Switch To Fixed
Special limited time discounted Basic Home Loan offer may be withdrawn at any time. This offer is only available for new Basic Home Loan applications. Refer to banksa.com.au/homeloans or call us for more information on current offers available. This is a current offer which may be varied or withdrawn at any time. If you apply after this offer has been withdrawn the interest rate which will apply is the standard Basic Variable Rate without any discount. Applicable to new loan applications only (excluding internal refinances) and is not available in conjunction with, or in addition to any other special offers, negotiated rates or discounts. The Basic Home Loan is a variable rate loan at a competitive variable interest rate with no monthly administration fee for the life of the loan. No honeymoon rate period applies to this product. Target Market: The main selling features of the Basic Home Loan are its simplicity and price. Key Benefits: - Unlimited additional repayments - Redraw facility - Flexible repayment frequency Not available for: - Building loans - Interest in Advance repayment option - Second mortgages (behind other financial institutions) - Savings plan loans - Rent to buy proposals - Extended settlement loans - Company Loans and Trusts - No Deposit Loans - Low Doc Loans
LMI required for >80% LVR. For new and existing customers, max LVR for owner occupiers is 95% inclusive of any LMI capitalisation. Max LVR for refinances from other financial institutions is 90%. Conditions apply for new customers. These include, but are not limited to; - Maximum loan amount of $750K - No Auto Decline overrides will be considered - Genuine savings policy applies, with the exception of Inheritance and Sale of non-real estate assets which are capped at 90% LVR.
5% Genuine savings needs to be verified on mortgage insured loans where the LVR exceeds 85%.
$500 est fee is waived if loan is greater than $150,000 with Principal and Interest repayment. - $25 Fee for manual Redraws, $10 per Phone and Internet redraw. (if redraw is available) - Split Loan Fee: $150 - Partial Discharge Assessment Fee: $350. - Additional Security Property Fee: $100. - Company Title: $205 per security - Trustee: $205 per trustee - When any of the security offered involves a Guarantee:$205 per guarantor