Total Home Loan Package Variable Total Home Loan Package Variable $300k - $500k (Owner Occupied)

  • 4.40%
    p.a Standard Variable
  • 4.56%
    p.a Comparison**
  • $150
    Upfront fees
  • $395
    Annual fees
  • 95%
    Max Lvr
  • $1,959
    Per Month*

About Beyond Bank

Beyond Bank is one of Australia’s largest customer owned banks, with assets under management over $4 billion, 195,000 customers, 49 branches, access to over 3,000 rediATM’s and 600 staff. The bank provide personal and business banking services along with financial planning to our customers ensuring we are able to support prosperity for the many.

Standard Variable

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

Monthly repayment*
$1,959
rate per annum
4.40%

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.

Lvr
95%
Capitalise LMI
Yes

Availability

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

Term
1 - 30 years
Min
$300,000
Max
$500,000

Eligibility

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

Financials
Full Doc
Credit History
Conforming
Genuine Saving
Required

Redraw Facility

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

Redraw Facility
Yes
Min Redraw
$500.0
Redraw fee
$0

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
Yes
Redraw Available
Yes
Credit Card
Yes
Internet Banking
Yes
Telephone Banking
Yes
BPay Option
No
Portability of Loan
Yes
Professional Pack
No
Check Account
Yes
Direct Salary Credit
Yes
Free Transactions
Yes
Minimum Redraw
Yes
Redraw Fee
No

Repayments

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

Interest Only Option
Yes
Max Interest Only
10 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.

Total
$150
Settlement
$150

Ongoing Fees

Monthly and annual fees and charges during the loan period.

Total
$395
Ongoing Yearly
$395

Exit Fees

Fees associated with prematurely ending the loan.

Total
$0
Exit
$0
Early Repayment
$0
Switch To Fixed
$0

Notes

Total Home Loan Package offers 1 - 5 years fixed rates and tiered variable rates based on a combination of loan amount and LVR; The Package includes fee free transactional banking, including on the 100% Mortgage Offset Account, and no annual fee on the low rate credit card. The 100% Mortgage Offset account requires a minimum balance of $500, is available on the 1 year fixed rate and variable rates only and is not available for Construction Loans. Package fixed rates will revert to the applicable package variable rate based on the borrowers portfolio. Variable rates can be switched to a fixed rate at anytime for no fee; fixed rates can be re-fixed at expiry for no fee. The Total Home Loan Package is also available for ACT Land Rent Scheme Loans and Parent Equity Loans and to Sole Trader, Partnership, Trust and Company borrowers. No fees for split loans. Loan amounts above $2,000,000 will be considered and are subject to approval by Beyond Bank and meeting APRA requirements. Valuation fees are at cost and will be disclosed at the point of application. Cheque account available if attached to a savings account. Unlimited Fee free Transactions except for those detailed in the Broker Fee Matrix.

LVR Notes

Up to 95.00% LVR based on borrowing purpose, property category and LMI underwriting guidelines. LMI Capitalisation is not available if the LVR > 95% (prior to the premium being capitalised) or if the payments are Interest Only.

Notes

5% Genuine Savings required in some circumstances only (based on loan purpose, LVR and if LMI required)

Fee Notes

Valuation fees are at cost and will be disclosed at the point of application; No Loan Exit Fees; $295.00 Mortgage Discharge. No loan redraw fee when done through IB, $35 if staff assisted. No Redraw activation fee. Additional fees may be applicable based on loan purpose and structure (i.e. construction loans; parent equity loans, etc).

*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