Beyond Bank Australia
Purple Basic Vbl Home Loan-Inv
The Purple Basic Variable Investment Loan is a simple home loan with a low interest rate, offering great value.
Home loansBank updated 9 June 2026
At a glance
- Variable (investor P&I)
- 6.24%
- Max LVR
- 90%
- Features
- redraw, extra repayments
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariablePurple Basic Variable Investment Loan. Principal & interest, LVR >0 - <=60% & a minimum of $150,000 new money. Conditions apply. | Investment · P&I | — | — | 6.24% | 6.27% | — |
| VariablePurple Basic Variable Investment Loan. Principal & interest, LVR >60 - <=80% & a minimum of $150,000 new money. Conditions apply. | Investment · P&I | — | — | 6.34% | 6.37% | — |
| VariablePurple Basic Variable Investment Loan. Principal & interest, LVR >80 - <=90%. Conditions apply. | Investment · P&I | — | — | 6.74% | 6.77% | — |
§ 02 — Fees · 10
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Default fee on Home and Investment Loan - every 14th day thereafter | Event | $25 | — | This fee is payable every 14th day thereafter for so long as you remain in default. |
| Default fee on Home and Investment Loan - on the 8th day | Event | $20 | — | This fee is payable on the 8th day you are in default. |
| Default Notice Fee | Event | $20 | — | This fee is payable whenever we send you a default notice because you have defaulted under the contract or related mortgage. |
| Mortgage Discharge, Settlement or Partial Discharge Fee | Event | $350 | — | Payable whenever a mortgage is discharged or partially discharged |
| Redraw (online) fee | Transaction | No fee | — | Online redraw via Internet or Mobile Banking is free. |
| Redraw (staff-assisted) fee | Transaction | $35 | — | This fee is payable for each staff-assisted redraw. |
| Additional Security Fee | Upfront | $150 | — | This fee is payable when we prepare any security in addition to the mortgage over the primary mortgaged property. |
| Loan Variation Documentation fee | Upfront | $345 | — | This fee is payable when a property already held by us as security is to be used as security for additional credit. |
| Mortgage Loan Establishment Fee | Upfront | $445 | — | This fee is payable on establishment of the loan. |
| Property Valuation Fee | Upfront | No 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… |
§ 03 — Features
RedrawExtra repaymentsDigital banking
- · Pre-Approval: 120 day pre-approval so you can search with confidence.
§ 04 — Eligibility & 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.
§ 05 — Compare
§ 06 — Run the numbers
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Published by Beyond Bank Australia under the Consumer Data Right, last changed by them on 9 June 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.