LCABare Home Loan
loans.com.au's Bare Home Loan is a no‑frills mortgage designed for straightforward home financing, offering competitive variable rates with principal and interest repayments only. Borrow up to $3,000,000 (up to 90% LVR), make unlimited extra repayments, and access funds anytime with a convenient redraw facility - all with no ongoing fees.
At a glance
- Variable (owner occ. P&I)
- 6.19%6.23% comparison
- Variable (investor P&I)
- 6.49%
- Max LVR
- 90%
- Features
- redraw, extra repayments
How it compares
This home loan in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This home loan | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Variable home loanOwner occupier, principal & interest, 80% LVR | 6.19% | 5.69%AAA Financial Corporation's Portfolio Loan | 6.36%of 102 institutions | 17th lowest of 102, level with 7 others |
| Investor variable home loanInvestment, principal & interest, 80% LVR | 6.49% | 5.69%AAA Financial Corporation's Portfolio Loan | 6.58%of 102 institutions | 29th lowest of 102, level with 13 others |
Rates
Every rate LCA publishes for this home loan, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | Investment, P&I | - | ≤90% LVR | 6.49% | 6.53% | - |
| Variable | Owner occupied, P&I | - | ≤90% LVR | 6.19% | 6.23% | - |
Fees
5 fees published, grouped by when they're charged.
- When you take it outVaries2 fees, each listed below
- While you hold itNo fee published
- When you close it or pay it offUp to $3002 fees, each listed below
When you take it out2
- Application Fee
No application fee is charged when setting up the loan
No fee - Security Assessment Fee
A variable fee charged at cost to assess the value of the property used as security for the loan, starting from a minimum amount.
From $230
When particular things happen1
- Settlement Fee
A one-time fee charged at the time of loan settlement to cover processing and completion of the mortgage and funding of the loan.
$300
When you close it or pay it off2
- Discharge Administration Fee
A fee applied when releasing our mortgage to cover administrative processing of the discharge request. Waived if loan runs to term.
$300 - Discharge Documentation Fee
A fee charged for preparing the necessary documentation when the loan is fully repaid and discharged. Waived if loan runs to term.
$250
Features
Eligibility and limits
- Minimum age 18
- Residency: Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
- Amount $50,000 to $3,000,000
- The loan term cannot exceed 30 years.
- The loan term must be at least 15 years.
Compare it with others
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Published by loans.com.au under the Consumer Data Right, last changed by them on 7 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.