Basic Home Loan

Our lowest home loan rate with all the features you need and none that you don't

How a Basic Home Loan helps

Very competitive interest rate
Extra repayments and redraw
No monthly service fees
Dedicated Relationship Manager
Basic Home Loan Special Offer
(Owner Occupier, Principal & Interest)
3.44%p.a1
Basic Home Loan Special Offer
(Owner Occupier, Principal & Interest) - Comparison Rate
3.88%p.a2
Enquire now
Apply online

Product Details

Borrowers
Owner Occupier, Investor
Interest Rate Type
Variable
Repayment Frequencies
Weekly, Fortnightly or Monthly
Advance Payments
Yes
Redraw
Yes4
100% Offset Accounts
No
Split Loans Allowed
No
Minimum Amount
$100,000
Maximum Term
30 years
Minimum Deposit
(without Lenders Mortgage Insurance)
20%
Minimum Deposit
(with Lenders Mortgage Insurance)
5%
Interest Only Payments Available
Yes, up to 5 years5
Discounted Interest Rate on Your Choice Visa Credit Card
3% discount
Access Fee on Transaction and Savings Accounts
Waived6
Annual Fee
None
Approval Fee
None
Documentation Fee
$250
Valuation Fees
At cost
Top Up Fee
$195
Restructure Fee
$200
Monthly Service Fee
None
Break Costs for Early Payout
None
Access Fee on Transaction & Savings Accounts
Yes 6
Basic Home Loan Special Offer
(Owner Occupier, Principal & Interest)
3.44%p.a1
Basic Home Loan Special Offer
(Owner Occupier, Principal & Interest) - Comparison Rate
3.88%p.a2
Basic Variable
(Owner Occupier, Principal & Interest)
3.99%p.a3
Basic Variable
(Owner Occupier, Principal & Interest) - Comparison Rate
4.01%p.a2
Investor Rates
Please see our Interest Rates page for details of
Investor and Interest Only rates

Helpful Calculators

Home Loan Repayments Calculator

Compare Loans Calculator

Borrowing Power Calculator

Have a question or want to get started?

Apply for home loan online

Get started now by applying online for your home loan. It's quick, convenient, secure and available 24/7.

Need help choosing a loan?

Get in touch with a Home Loan Specialist for advice. We're here to help from application to settlement.

Call us

We're available on 132 067 if you would like to apply over the phone or have a question.

Disclaimer

Interest rates are on a per annum basis and are current as of today's date and are subject to change.

1 The Basic Home Loan Special Offer is a discounted rate that applies for a period of 3 years from the commencement of the loan. After this 3 year period rates will revert to the standard “Basic Home Loan” variable rate. The special is only available for owner occupied borrowings over $150,000 with new security. No product switching is permitted. Available for a limited time only and not in conjunction with any other discount.

2 WARNING: This comparison rate is based on $300,000 over 30 years. It refers to the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.

3 The Basic Home Loan is only available for owner occupied or residential investment borrowings with over $100,000 of new lending.

4 Minimum redraw amount is $500.

5 Regional Australia Bank reserves the right to determine eligibility for this service.

6 No monthly Access Fee where the minimum monthly membership balance exceeds $5,000.

Terms, conditions, fees, charges and normal lending criteria apply. See Fees & Charges for full details.
Please refer to the Product Details when considering if this product is right for you.
Regional Australia Bank Ltd is the issuer of the product.