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Loan Interest Rates

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Loans with more features, more flexibility, and - you guessed it - fewer fees and charges.

Our loans are designed to help you borrow the funds you need, with the features you need, at the lowest possible cost.

We can show you smart ways to reduce the cost of your borrowing - so you can own the things you want sooner. We will also make sure that you are informed of the total cost of your loan - including any government fees or other charges - so there are no nasty surprises in store.

Owner Occupied Home Loans

Principal & Interest

Loan Type Interest Rate Comparison Rate
Power Home Loan Package:    
$400,001+ 3.55% pa  3.98% pa1
$250,001-$400,000 3.85% pa 4.27% pa1
$150,001-$250,000  3.95% pa 4.37% pa1
$10,000-$150,000  4.35% pa 4.76% pa1
Special Low Rate 3.91% pa 4.06% pa1
Standard Variable Rate 4.45% pa 4.49% pa1
Discounted Variable Rate 3.45% pa2 4.31% pa1
Basic Rate 4.20% pa 4.24% pa1
First Home Buyers 3.95% pa 4.36% pa1
Home Equity Loan 5.45% pa 5.49% pa1

Owner Occupied Fixed Rate Home Loans

Principal & Interest

Loan Type Interest Rate Comparison Rate
1 Year Fixed rate 3.29% pa3 4.56% pa1
2 Year Fixed rate 3.17% pa4 4.42% pa1
3 Year Fixed rate 3.25% pa5 4.32% pa1

Investment Home Loans

Principal & Interest

Loan Type Interest Rate Comparison Rate
Power Home Loan Package:    
$400,001+ 3.74% pa 4.16% pa1
$250,001-$400,000 4.04% pa 4.46% pa1
$150,001-$250,000  4.14% pa 4.55% pa1
$10,000-$150,000  4.54% pa 4.94% pa1
Investment Variable Rate 4.64% pa 4.68% pa1
Discounted Variable Rate 3.64% pa2 4.50% pa1
Basic Rate 4.39% pa 4.43% pa1
Home Equity Loan 5.64% pa 5.68% pa1

Investment Fixed Rate Home Loans

Principal & Interest

Loan Type Interest Rate Comparison Rate
1 Year Fixed rate 3.62% pa3 4.77% pa
2 Year Fixed rate 3.51% pa4 4.64% pa1
3 Year Fixed rate 3.52% pa5 4.53% pa1

Personal Loans

Loan Type Interest Rate Comparison Rate
10-5-50 Loan 10.99% pa 13.40% pa6
Unsecured Personal Loan (less than $15k) 14.20% pa 16.61% pa7
Unsecured Personal Loan (greater than $15k) 13.95% pa 14.57% pa8
Debt Consolidation 15.20% pa 15.82% pa9
Student/Apprentice Loan 12.20% pa 12.20% pa10

Car Loans

Loan Type Variable Rate Comparison Rate
Car Loan Crusher Up to 2%p.a discount  
Car loan up to 2 years old 5.99% pa 6.65% pa11
Car loan up to 5 years old 7.95% pa 8.61% pa11
Car loan up to 10 years old 10.70% pa 11.35% pa11

Credit Cards and Personal Overdrafts

Loan Type Interest Rate Comparison Rate
Overdraft 13.99% pa N/A
Visa Credit Card Honeymoon rate
6.95% pa
Standard rate
12.99% pa

N/A

N/A


Business Loans and Overdrafts

Loan Type Variable Rate Comparison Rate
Business Loan - Residential Secured From 5.45%pa N/A
Business Loan - Other Security From 5.64%pa N/A
Business Overdraft - Secured From 8.45%pa N/A
Business Overdraft - Unsecured From 13.99%pa N/A

Rates effective for new loans from 6 April 2020

  What is a Comparison rate?

The Comparison Rate is an indicative interest rate that is designed to help members identify the 'true cost' of a loan. The Comparison Rate takes into account the interest rate and "ascertainable fees and charges" that relate to the loan, in an attempt to express some of the costs of a loan into a single (comparison) rate.

"Ascertainable fees and charges" are those that are definitely payable during the life of the loan - such as application fees, monthly or annual charges, cost of valuation and legal fees.

What isn't included?

The Comparison Rate does not include fees and charges that may occur or are based on some future "event" - such as redraw, early termination fees, progress payments or fees charged by some institutions when you decide to switch lenders. In addition, government and statutory charges are not included - as these are standard irrespective of the type of loan or who the lender is.

So, whilst the Comparison Rate is a useful tool for comparing the cost of different loans, it should be remembered that it doesn't provide the total picture.

What to bear in mind

It's important to consider all the features and benefits of the loan - rather than only focusing on the Comparison Rate. A Comparison rate does not take into account all the factors that should be considered when comparing different loan offers from different financial institutions / lenders. Benefits such a redraw, 100% offset and ability to make additional repayments / flexible repayment periods are not included within a Comparison Rate - but they can make a difference to the attractiveness of a loan.

Questions?

If you have any questions, please contact us Contact Us


 

1 Comparison rate calculated on a loan amount of $150,000 over a term of 25 years with monthly repayments. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Lending criteria, terms and conditions, fees and charges apply.

2 Rate reverts to our Standard Variable Rate after the discounted period.

3 Fixed rate reverts to our Standard Variable Home Loan rate after 1 year.

4 Fixed rate reverts to our Standard Variable Home Loan rate after 2 years.

5 Fixed rate reverts to our Standard Variable Home Loan rate after 3 years.

6 Minimum payment of $50 per week based on a loan of $10,000 with an annual percentage rate (variable) of 10.99%. Available for new lending only. Comparison rate of 13.40% p.a. is calculated on a loan amount of $10,000 over a term of 3 years. Warning: Comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Normal lending criteria, terms and conditions, fees and charges apply and are available on application.

7 Comparison rate is based on a $10,000 loan over 3 years with monthly repayments. Warning: Comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Normal lending criteria, terms and conditions, fees and charges apply and are available on application.

8 Comparison rate is based on a $30,000 loan over 5 years with monthly repayments. Warning: Comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Normal lending criteria, terms and conditions, fees and charges apply and are available on application.

9 Comparison rate is based on a $30,000 loan over 5 years with monthly repayments. Warning: Comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Normal lending criteria, terms and conditions, fees and charges apply and are available on application.

10 Comparison rate is based on a $2,500 loan over 2 years with monthly repayments. Warning: Comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Normal lending criteria, terms and conditions, fees and charges apply and are available on application.

11 Comparison rate calculated on a secured loan amount of $30,000 over a term of 5 years with monthly repayments. Warning: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.