Flexi First Option home loan with Principal & Interest (P&I) repayments.
Our lowest online variable rate includes: life-of-loan discount[#] of 2.09% p.a. on a new loan on P&I repayments for LVR[#] up to 80%; plus 0.10% p.a. discount for LVR up to 70%. Offer can be withdrawn or varied at any time.
LVR over 70% or not applying online? Explore all home loan rates.
To qualify for this online offer:
Flexi First Option Investment property loan with Principal & Interest (P&I) repayments.
Our lowest online variable rate includes: Life-of-loan discount[#] of 2.49% p.a. on a new Flexi First Option Investment loan on P&I repayments for LVR[#]up to 80%; plus 0.10% p.a. discount for LVR up to 70%. Offer can be withdrawn or varied at any time.
LVR over 70% or not applying online? Explore all home loan rates.
To qualify for this online offer:
| Total loan term | Up to 30 years |
| Repayment | Weekly, fortnightly, monthly (monthly for IO) |
| Repayment types | Principal & Interest, Interest Only |
| Extra repayments |
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| Split with a fixed interest rate loan |
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| Redraw extra repayments |
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| Offset account |
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| Increase loan |
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| Construction option |
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| Reduced repayments option |
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| Portability |
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Flexi First Option Home Loan with Interest only (IO) repayments
Online Offer rates include: life-of-loan discount[#] of 1.99% p.a. on a new Flexi First Option home loan on IO repayments (Owner Occupier) or 2.50% p.a. (Investor) plus 0.10% p.a. discount for LVR[#] up to 70%. Offer can be withdrawn or varied at any time.
| Featured rates | Owner Occupier | Investor |
| Online offer basic variable rate | 6.68% p.a. | 6.39% p.a.. |
| Comparison rate[#] | 5.86% p.a. | 6.09% p.a.. |
To qualify for this online offer:
| Standard fees (fees may change) | Amount |
| Lending establishment fee | $0 |
| Document processing fee | $100 |
| Loan account fee | $0 |
| Extra repayments | $0 |
| Redraw (if activated and extra funds are available) | $0 |
| Repayment holidays or Reduced repayments of up to 50% for up to 12 months (subject to approval) | $0 |
| Construction option (property valuer fees may apply) | $0 |
| Portability option (keeping your loan but changing the property securing the loan | $0 |
| Loan switching (changing loan or repayment type) | $0 |
| Standard fees (fees may change) | Amount |
| Lenders Mortgage Insurance premium (may be payable if your loan-to-value ratio is more than 80% of your property’s value) | Individual calculation |
| Additional bank cheque at settlement | $10 |
| Missed payment fee | $15 |
| Overdrawn fee | $15 |
| Property valuer fee (may be payable if a valuation is needed) | Determined by external valuer's fee |
| Loan discharge fee | $350 per settlement activity |
The best rate will depend on your circumstances and what you want out of your loan. A fixed loan’s designed to give people more certainty, while a variable loan’s designed to give more flexibility.
If you need help deciding which loan might work best for you, simply start by applying. In the next step in the application process, you’ll talk with one of our home lenders. Or we can help you choose right now.
| Flexi First Option Home Loan | Rocket Repay Home Loan | |
| Interest rate offer - owner occupier | Our basic variable rate | Variable rate package discount ($395 annual package fee applies[#]) of 2.34% p.a. on loans over $150k |
| Interest rate offer - investor | Our basic variable rate | Variable rate package discount ($395 annual package fee applies) of 2.69% p.a. on loans over $150k |
| Loan account fee | $0 | $8 per month ($0 if packaged, $395 annual package fee applies) |
| Lending establishment fee | $0 | $600 ($0 if packaged, $395 annual package fee applies) |
| Extra repayments | Unlimited | Unlimited |
| Redraws | $0 unlimited redraws | $0 unlimited redraws |
| 100% offset option | No | Yes |
| Package option | No | Yes |
A split home loan is when you separate your home loan balance into two different accounts. One will have a variable interest rate and the other a fixed interest rate.
Splitting your home loan balance with a fixed and variable interest rate allows you to get the best of both worlds. With the fixed portion of your home loan, you can lock in your interest rate. This means you can be certain that your repayment amounts won’t change for the duration of the fixed rate term.
The variable rate portion of your loan lets you take advantage of any interest rate decreases. It also lets you get ahead with no limit on the number of extra repayments you can make. Learn how it works.
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