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Interest Rates

All of the home loans have very competitive interest rates:

  • Variable Interest Rates - This rate is a benchmark used by all home loan lenders and varies in line with the movements in financial markets. Your repayments could go up or down with the Reserve Bank's rates or as the market changes.

  • Fixed Interest Rates - The interest rate is locked in for one to five years, depending on the product. This means that you know exactly what your repayments are. If you fix the entire loan, you may have to sacrifice flexible features like the free offset, extra repayments and redraw.

Comparison Rate

This shows you the real rate you pay, once the fees and other loan costs are taken into account. This figure allows you to compare home loans offered by all banks, non-bank lenders and credit unions. It factors in such things as honeymoon rates and fees and is a regulatory requirement. It is calculated based on a $150,000 loan over a 25 year period. For a more accurate comparison rate please refer to our Comparison Rate Schedule and select the product, term and loan amount that most closely corresponds with your loan.

View our Comparison Rate Schedule .

Split Loans

You can split your home loan into as many as four sub-accounts after the settlement date. This means you can split your loan between fixed and variable rates, as well as Principal & Interest and Interest Only repayments. With the variable rate you've also got the bonus of a free offset redraw facility, so that every dollar you keep as redraw reduces the daily interest accrued on that part of your home loan.

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All interest rates are nominal. Comparison rates are based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.