Bank Australia
Basic Home Loan
Our Basic Home Loan is anything but, with a low rate, low fees and feel-good features.
Home loansBank updated 3 July 2026
At a glance
- Variable (owner occ. P&I)
- 6.13% · 6.13% comparison
- Max LVR
- 90%
- Annual fee
- $0
- Features
- redraw, extra repayments
§ 01 — Rates · 5
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Owner occupied · P&I | — | ≤60% LVR | 6.13% | 6.13% | — |
| Variable | Owner occupied · P&I | — | 60–70% LVR | 6.13% | 6.13% | — |
| Variable | Owner occupied · P&I | — | 70–80% LVR | 6.14% | 6.14% | — |
| Variable | Owner occupied · P&I | — | 80–90% LVR | 6.39% | 6.39% | — |
| Variable | Owner occupied · P&I | — | >90% LVR | 6.65% | 6.65% | — |
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| 1st Valuation Fee | Event | No fee | — | — |
| Mortgage Discharge Fee | Event | $275 | — | Payable when you discharge the mortgage. Statutory government registration fees will still apply. |
| Portability Fee- New Mortgage | Event | $500 | — | Payable when you request that a property securing a loan is replaced with a property that is a new security to Bank Australia. |
| Annual fee | Periodic | No fee | Every 1 yr | — |
| Monthly Fee | Periodic | No fee | Every 1 mo | — |
| Home Loan Establishment Fee | Upfront | No fee | — | Payable for all mortgage secured loans to cover Bank Australia administration costs including preparing security documents. |
§ 03 — Features
RedrawExtra repaymentsDigital banking
- · Eco-Pause: Our Eco-Pause lets customers take a break from their mortgage repayments and redirect their money to eco upgrades such as solar panels, batteries and water tanks. With an eco-pause you can…
- · Flexible Repayments: Make your loan repayments weekly, fortnightly or monthly
- · Parental Pause: Welcoming a new family member to the family can place a pretty big strain on finances so we offer you the option of pausing your home loan repayments to give you some breathing space.…
- · Split loan between variable and fixed is available
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: AU
- · Available to individuals
- · Amount $10,000 to no maximum
- · Applications for loans are subject to the Bank's lending criteria.
§ 06 — Run the numbers
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Published by Bank Australia under the Consumer Data Right, last changed by them on 3 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.