Basic Home Loan

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

Basic Special Offer ($150,000+ Owner Occupier only)
Basic Special Offer- Comparison Rate

Features & Benefits

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Very competitive interest rate
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Extra repayments and redraw
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No monthly service fees
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Dedicated Relationship Manager

Special Offer!

0.45% discount on Basic Variable rate for 3 years.
Only available to owner-occupiers for new loans of $150,000 and over.
Limited time only!

You're not into the full box and dice. You want a stripped back, simple home loan that's lean, mean and ready to rumble. You need a Basic Home Loan from Regional Australia Bank.

Along with our lowest variable interest rate and no ongoing fees, you get the ability to make advance payments and redraws as standard, with no additional fees or conditions.

Plus, you get the added reassurance of a dedicated Relationship Manager as your single point of contact, both to help you get started and as back up if you need it at any time throughout the course of your loan. Having a real person to deal with solicitors and third parties while talking you through the complexities of the purchase process, so you can focus on the more important things in life!

Product Details

Owner Occupied, Investor
Interest Rate Type
Repayment Frequencies
Weekly, Fortnightly or Monthly
Advance Payments
100% Offset Accounts
Split Loans Allowed
Minimum Amount
Maximum Term
30 years
Minimum Deposit
(without Lenders Mortgage Insurance)
Minimum Deposit
(with Lenders Mortgage Insurance)
Interest Only Payments Available
Yes, up to 5 years5
Discounted Interest Rate on "Your Choice" Credit Card
3.00% discount
Other Benefits
Annual Fee
Approval Fee
Documentation Fee
Valuation Fee
At cost
Top Up Fee
Restructure Fee
Monthly Service Fee
Break Costs for Early Payout
Waived Access Fee on Transaction & Savings Accounts
Yes 6
Basic Special Offer ($150,000+ Owner Occupier only)
Basic Special Offer- Comparison Rate
Basic Variable (Owner Occupier)
Basic Variable (Owner Occupier)- Comparison Rate
Basic Variable (Investor)
Basic Variable (Investor)- Comparison Rate


1 The Basic Home Loan Special is a 0.45% discount on the “Basic Home Loan” variable rate 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 for a secured variable rate “Basic Home Loan” 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. Interest rates are on a per annum basis and are current as at 08/05/17 and are subject to change.

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.
Community Mutual Ltd is the issuer of the product.