Premium Option with 1 year Guaranteed Rate

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A guaranteed low rate in the first year of your loan means you can be certain of how much your repayments will be - yet still make some extra repayments if you want.

After the first year, the loan automatically converts to our Variable Housing Rate with a full range of Premium Option features - including SmartPay.

At a glance
Essential details
Options
Features

At a glance

Low introductory rate, fixed for one year
The rate converts to the Variable Housing Rate at the end of the fixed rate period.

Essential details

Interest rate	Available for new borrowings only 1 Year Guaranteed Rate 8.59% pa Comparison rate at 9.40% pa*
Establishment fee	$600 establishment fee
Maintenance fee	$8 monthly loan maintenance fee.
Loan term	Up to 30 years
Repayment basis and cycle	Principal, Interest and Fees Interest Only and Fees (for first year).
Repayment frequency and method	Monthly, fortnightly or weekly by Direct Debit (preferred) for Principal, Interest and Fees loans Monthly by Direct Debit only for Interest Only loans
Additional repayments	Up to 20% of loan amount in the first year Up to 75% of loan amount in the first 4 years

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Options

Combination loan

Split your loan between fixed and variable to give you a balance between flexibility and certainty.

Yes, after 1 year.

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Features

Portability	Gives you the ability to change properties while maintaining the same loan account. Usual security criteria apply.	$300 per move
Progress draws	Allows you to draw funds when building for payments to builders and other contractors, so interest costs are reduced. Drawings must be completed within 12 months.	$300 covers all
Redraw	This option is not available during the fixed rate period.	N/A
Repayment holidays	This option is not available during the fixed rate period.	N/A
SmartPay	This option is not available during the fixed rate period.	N/A
Top-up	This option is not available during the fixed rate period.	N/A
Fixed rate lock in	Fixed rate may vary between application and draw down. This option lets you lock in your interest rate to the rate at the time of the loan approval, or within 90 days of approval.	0.15% of loan amount
100% Offset	This option is not available on this loan.	N/A
Parental leave	This option is not available on this loan.	N/A
Reduced Repayment	This option is not available on this loan.	N/A

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Got a question about Home Loans?

General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

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* The comparison rate for each of the home loan products contained on this page are based on a secured loan of $150,000 over a term of 25 years.

WARNING: This comparison rate applies only to the example or examples given. 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.

Details of the comparison rate schedule in respect of these home loan products can be obtained from any of our branches.