Basic Home Loan

Easy to understand, competitively priced and still has important features so customers can pay off their loan earlier.

Basic Home Loan

Home loans don't need to be complicated. Some customers want a home loan that doesn't come with all the bells and whistles. Our Basic Home Loan is a simple, easy to manage, 'no fuss' home loan for your customers who want to build or buy a home in which they intend to live or for investment purposes.

Our Basic Loan is easy to understand, competitively priced and still has important features so customers can pay off their loan earlier.

Features

  • Competitive variable rate
  • Borrow up to 90% of purchase price/valuation (including LMI) for owner occupied purchases and 90% of the purchase price/valuation for investment purchases
  • Available for loans under the Home Guarantee Scheme (HGS) borrowing up to 95% of purchase price/valuation. ^
  • No monthly or ongoing fees
  • Redraw any extra money deposited~
  • Ability to repay weekly, fortnightly or monthly
  • No penalties for extra repayments
  • Loan term up to 30 years
  • Internet, Mobile and Phone Banking convenience – allows your customer to check their loan balance, account history and send secure emails to us about their loan.
  • The ability to have a payment holiday when your customer gets ahead on repayments – perfect when taking a career break or going on maternity leave
  • Construction purposes available for both Owner Occupied and Investment loans

This information is a summary of features & benefits only. This is not an offer to lend - credit assessment criteria, terms and conditions & fees and charge apply - full details on application. Loans are only available to approved applicants offering security in approved property in Australia. Prior to entering into a credit contract with us you should read our Credit Guide.

~Redraw is subject to Auswide Bank's discretion – limits may apply.

^ Auswide Bank is a panel lender for the First Home Loan Deposit Scheme (FHLDS). Eligibility criteria apply. Once the Scheme allocation for non-major panel lenders has been utilised (or taken up), standard lending approval criteria, including the need for LMI where appropriate, will apply.