This is our most simple and lowest variable rate home loan, designed to make borrowing money for your home or investment property as affordable as possible. If you need all the basics, then take a close look at The Basics Home Loan.
- Minimum amount $50,000
- Maximum amount is 95% of the value of the property
- Loan Mortgage Insurance (LMI) is required if amount borrowed is more than 80% of the value of the property
- Variable interest rate
- Weekly, fortnightly or monthly repayments
- Automatic repayment
- Ability to make extra repayments
- Redraw facility loan portability available
Is this loan right for you?
Whether you're planning to live in your new home, or simply making a property investment, and don't want to lock yourself in to a fixed rate loan, the Basics Home Loan provides a consistently low rate.
Warning: The comparison rate is calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. 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.
Information on the Target Market Determination for this product can be found here.
This calculator provides the approximate repayment amount required on a monthly, fortnightly or weekly basis. Simply enter a loan amount, a loan term and an annual interest rate and press the 'Calculate' button.
This calculator provides the approximate years and months it will take to repay a loan. Simply enter a loan amount, a regular repayment and an annual interest rate and press the 'Calculate' button.
Provides an approximate loan amount based on a regular repayment. Simply enter a regular repayment amount, an annual interest rate and a loan term and press the 'Calculate' button.