Why choose a Basic Home Loan?
No monthly fees and a lower interest rate
You also get…
No-frills low rate loan
Designed for someone who wants a no-frills, basic home loan.
Redraw facility
If you have made any extra repayments, you have access to redraw them. (fees apply)2.
Flexible repayments
Choose to make your repayments weekly, fortnightly or monthly.
Family Pledge
You could use the equity in a family member’s home to help you on your home buying journey and maximise the amount you can borrow.
Learn more
Take a break from repayments
You may be able to pause or reduce your repayments for a set period (keep in mind after the break your repayments may be higher for the rest of your loan term).2
Owner occupier
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3.88% p.a
-Basic Home Loan Variable rate.
-Principal & Interest repayments.^#
-Rate includes 0.90% p.a. discount off the Basic Home Loan Rate. -
3.89% p.a Comparison rate*
Residential Investment
-
4.24% p.a
-Basic Home Loan Variable rate.
-Principal & Interest repayments.^^##
-Rate includes 1.10% p.a. discount off the Basic Home Loan Rate. -
4.25% p.a Comparison rate*
Fees
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$0 Establishment Fee if loan amount is greater than $150,0002 for customer making Principal & Interest repayments only.
-
$0 Monthly administration fee
View all rates
Property market research
The Detail
Start your application online
Important information
Conditions, fees and credit criteria apply.
Before making a decision, it’s best to read the terms and conditions:
- Residential Loan Agreement – General Terms and Conditions (PDF 6MB)
- Loan Accounts – Charges for specific services and accounts (PDF 1MB)
Please read these documents and keep a copy. You can request a paper copy at a branch.
The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it’s right for you. If you need help, call 13 33 30.
* The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the example(s) given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
^ Basic Home Loan Promotional Rate:
This offer is only available for new Basic Home Loan applications received from 19 September 2018. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.
^^ Basic Home Loan Promotional Rate:
This offer is only available for new Basic Home Loan applications received from 7 November 2018. Discount applies to our Basic Home Loan offer for the life of the loan. Excludes internal refinances and switches within St.George, Bank of Melbourne and BankSA. This offer may be varied or withdrawn at any time. Interest rates subject to change.
# Excludes Investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment property.
## Excludes loan applications for owner occupier purposes (where the owner owns the property in which they live or intend to live in). Includes Investment loan applications where the principal property securing the loan will be used to derive rental income or where the loan application purpose is to invest in real estate or to construct or make property improvements to an investment property.
1. As compared to our standard variable interest rate.
2. Redraw, repayment pause and rate lock requests are subject to our approval. Fees apply.
3. Upfront fees and other fees and charges may apply.