Discounted home loan for first home owners
If you’re looking at buying your first home, we understand that it can be both exciting and nerve-racking, not to mention financially stressful.
That’s why we provide a discounted rate for first home buyers for the first year of your loan, and we help you with the whole home loan process from a pre-approval before you even start searching for your house, through to accessing your Government First Home Owner’s Grant.
The first year is generally the toughest as you get used to budgeting, but investing in property is a great achievement and we’d love to help you with your first purchase.
Our discounted home loans also benefit from:
- discounted interest rate for the first year
- 100% mortgage offset account
- redraw facility
- no penalties for extra repayments
- your choice to make repayments weekly, fortnightly or monthly
- automatic repayments arrangements available
After the first year, your loan will be automatically converted to our standard variable rate home loan. However, you can choose to take out a fixed rate home loan if you prefer for a fee.
If you’re interested in getting a pre-approval for buying a house and would like to discuss your finance options, please contact your local branch, or call us on 1300 765 195. You might also like to read our step by step guide to buying a home for more information.
For your reference, our loan calculators below will assist in helping you figure out how much you might be able to borrow based on what you can currently afford to make in repayments.
| Interest Rate | Fixed for 1 year |
| Establishment Fee | $250 |
| Monthly Loan Maintenance Fee | $5 |
| Document Fees | $250 |
| Deposit Required | 5% |
| Maximum borrowing amount - LVR* | 95% |
| Term of Loan | 30 years |
| Repayments | Weekly, fortnightly or monthly |
| Redraw Facility^ |  |
| 100% mortgage offset account | |
Fees and charges apply. For full details, download our Fees and Charges brochure.
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