Just because we call it our basic variable home loan doesn’t mean you won’t get a full-featured home loan. For example; if you’re a first home buyer, there’s no establishment fee, and you get three-month pre-approval meaning we can approve your loan three months in advance so that you can search for your home or property with confidence. Not bad for a no frills home loan. But that’s not all, check out these other great benefits:
- Borrow up to 90% of the value of the security property1
- Loan terms up to 30 years. Maximise your loan term and minimise your regular repayments.
- Redraw option. Withdraw any extra repayments you have made, or you could enjoy a repayment holiday2
- Parent Equity available
- Split your loan. Combine the stability of a fixed rate of interest with the flexibility of a variable rate of interest.
- Flexible principal and interest repayment options. Make additional repayments without penalty and choose your payment frequency from weekly to monthly.
- A pre-approved overdraft limit.3
- Establishment fee: $4454
- Settlement fee: $200
- Monthly service fee: $11
Home loan repayments
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*Interest rates are current as of 21/05/2019.
1. Lenders Mortgage Insurance is required where the loan is greater than 80% of the value of the security property. This may vary based on the location of the property.
2. Redraws and repayment holidays are subject to approval. Fees and charges may be payable for the redraw facility.
3. Pre-approved overdraft limits up to $5,000 to approved applicants.
4. Other upfront fees including valuation fees and government charges are payable.
Comparison rates are based on a loan of $150.000 with monthly repayments over a term of 25 years. Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Interests are subject to change without notice. Terms, conditions, lending criteria, fees and charges apply. Full details are available at the time of application or by contacting us.
This information has been prepared without taking into account of your objectives, financial situation or needs. Before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs. All loans are provided by Beyond Bank Australia, a trading name of Community CPS Australia Ltd ABN 15 087 651 143 AFSL/Australian Credit Licence 237 856.