Beyond Bank AustraliaPurple Basic Vbl Home Loan
The Purple Basic Variable Home Loan is a simple home loan with a low interest rate, offering great value.
At a glance
- Variable (owner occ. P&I)
- 6.34%6.37% comparison
- Max LVR
- 90%
- Features
- redraw, extra repayments
Rates
Every rate Beyond Bank Australia publishes for this home loan, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariablePurple Basic Variable Home Loan. Owner occupied, principal & interest, LVR >0 - <=60% & a minimum of $150,000 new money. Conditions apply. | Owner occupied, P&I | - | - | 6.34% | 6.37% | - |
| VariablePurple Basic Variable Home Loan. Owner occupied, principal & interest, LVR >60 - <=80% & a minimum of $150,000 new money. Conditions apply. | Owner occupied, P&I | - | - | 6.39% | 6.42% | - |
| VariablePurple Basic Variable Home Loan. Owner occupied, principal & interest, LVR >80 - <=90%. Conditions apply. | Owner occupied, P&I | - | - | 6.74% | 6.77% | - |
Fees
10 fees published, grouped by when they're charged.
When you take it out4
- Additional Security Fee
This fee is payable when we prepare any security in addition to the mortgage over the primary mortgaged property.
$150 - Loan Variation Documentation fee
This fee is payable when a property already held by us as security is to be used as security for additional credit.
$345 - Mortgage Loan Establishment Fee
This fee is payable on establishment of the loan.
$445 - Property Valuation Fee
A property valuation may be required at time of application and we will provide you with a quote if applicable. Beyond Bank will cover up to $300 of the valuation fee (GST inclusive) for the first va…
No fee
When you make a transaction2
- Redraw (online) fee
Online redraw via Internet or Mobile Banking is free.
No fee - Redraw (staff-assisted) fee
This fee is payable for each staff-assisted redraw.
$35
When particular things happen4
- Default fee on Home and Investment Loan - every 14th day thereafter
This fee is payable every 14th day thereafter for so long as you remain in default.
$25 - Default fee on Home and Investment Loan - on the 8th day
This fee is payable on the 8th day you are in default.
$20 - Default Notice Fee
This fee is payable whenever we send you a default notice because you have defaulted under the contract or related mortgage.
$20 - Mortgage Discharge, Settlement or Partial Discharge Fee
Payable whenever a mortgage is discharged or partially discharged
$350
Features
- Pre-Approval: 120 day pre-approval so you can search with confidence.
Eligibility and limits
- Minimum age 18
- Residency: Australian Citizen
- Employment: Lending criteria, requirements and terms and conditions apply
- Available to individuals
- Amount $150,000 to $2,000,000
- Maximum LVR 90%
- Membership: You must be or become a Beyond Bank Australia member.
- Lending criteria, requirements and terms and conditions apply
- LVR: Borrow up to 90% of the value of the property (inclusive of LMI). Conditions apply.
- Security: A single residential property or cross collateral security permitted.
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Published by Beyond Bank Australia under the Consumer Data Right, last changed by them on 12 Oct 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.