Our Basic Home Loan is suitable for new home owners and refinancers looking for a discounted variable rate rather than loan flexibility.
Basic Home Loan |
Standard Home Loan |
Premium Home Loan |
|
Minimum Loan Amount
|
$250,000 | $10,000 | $250,000 |
Maximum Loan Amount
|
- | $250,000 | - |
Maximum LVR
|
95% | 95% | 95% |
Maximum Loan Term
|
30 years | 30 years | 30 years |
Minimum Loan term
|
1 year | 1 year | 1 year |
Additional Repayments Available
|
Yes | Yes | Yes |
Redraw
|
Yes | Yes | Yes |
Principal & Interest Repayments
|
Yes | Yes | Yes |
Interest Only Repayments
|
No | Yes | Yes |
Split Loan
|
Yes | Yes | Yes |
Offset Account
|
No | Yes | Yes |
Basic Home Loan <80% LVR |
Basic Home Loan >80% LVR |
Standard Home Loan |
Premium Home Loan |
|
Owner Occupied (P&I) Rates | ||||
Special Offer Variable Rate
|
2.78%pa 2.83%pa comparison rate* |
3.08%pa 3.13%pa comparison rate* |
- | - |
Variable Rate
|
3.03%pa 3.08%pa comparison rate* |
3.33%pa 3.38%pa comparison rate* |
4.53%pa 4.58%pa comparison rate* |
3.28%pa 3.33%pa comparison rate* |
1 Year Fixed Rate
|
- | - | 3.19%pa 4.46%pa comparison rate* |
2.39%pa 3.25%pa comparison rate* |
2 Year Fixed Rate
|
- | - | 2.99%pa 4.30%pa comparison rate* |
2.39%pa 3.18%pa comparison rate* |
3 Year Fixed Rate
|
- | - | 2.99%pa 4.18%pa comparison rate* |
2.39%pa 3.11%pa comparison rate* |
4 Year Fixed Rate
|
- | - | 3.39%pa 4.20%pa comparison rate* |
3.29%pa 3.33%pa comparison rate* |
5 Year Fixed Rate
|
- | - | 3.39%pa 4.12%pa comparison rate* |
3.29%pa 3.34%pa comparison rate* |
Basic Home Loan |
Standard Home Loan |
Premium Home Loan |
|
Establishment Fee
|
$699 | $699 | $699 |
Other Fees | |||
Property Valuation
|
$300 | $300 | $300 |
Progress Draw Fee (construction loans)
|
$110 | $110 | $110 |
Legal Fee
|
$430 | $430 | $430 |
Legal Fee (Trust Deed Review)
|
$132 | $132 | $132 |
Security Variation
|
$300 | $300 | $300 |
Product Switch
|
$300 | $300 | $300 |
Redraw (Online / in branch)
|
$10 / $25 | $10 / $25 | $0 / $25 |
Loan Top-up
|
$250 | $250 | $250 |
Security Guarantee
|
$50 | $50 | $50 |
Changes to Loan Contract
|
$150 | $150 | $150 |
Direct Debit Dishonour Fee
|
$15 | $15 | $15 |
Discharge Fee
|
$300 | $300 | $300 |
Offset Facility (Monthly Fee)
|
- | $5 | $0 |
Mortgage Security Registration Fee
|
Subject to State Government Requirements plus statutory government charges | Subject to State Government Requirements plus statutory government charges | Subject to State Government Requirements plus statutory government charges |
Break Cost Fee (fixed rate loans)
|
Refer to Loan Contract | Refer to Loan Contract | Refer to Loan Contract |
Lenders' Mortgage Insurance
|
Price Available on Application | Price Available on Application | Price Available on Application |
Mortgage Stamp Duty
|
Subject to State Government Requirements | Subject to State Government Requirements | Subject to State Government Requirements |
-
The Little Details
Products issued by BankStead Capital Bank Ltd. Any advice given is of a general nature only and is not based on any consideration of your objectives, financial situation and needs. To decide if a product is right for you, please refer to the Summary of Accounts, Access Facilities and Transaction Limits. Eligibility criteria, fees and charges, terms and conditions apply.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
^Available for new business only. Valid for new loan applications received between 1st April 2020 and 1st July 2020. Offers not available for switching of existing BCB home loans or to applicants for another BCB home loan fully approved prior to the 1 of April 2020.
*The comparison rate is based on a $150,000 loan repayable over 25 years