Economy Variable Home Loan

A simple home loan doesn't mean you have to compromise on its features. With our Economy Home Loan, you'll enjoy an ongoing low variable interest rate with free redraw and flexible repayment options.
Category: Home Loans  Last Updated September 2, 2021  Effective September 5, 2021

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information Owner Occupier, Principal & Interest - max 70% LVR, minimum $150k. New lending only with a Debt to Income ratio (DTI) less than 6.
Interest Rate
1.98%PA
Comparison Rate
2.15%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  INVESTMENT, VARIABLE, 4.02%
  • Lending Rate Type: Variable
  • Interest Rate: 4.02%, Comparison Rate 3.97%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  OWNER_OCCUPIED, VARIABLE, 3.32%
  • Lending Rate Type: Variable
  • Interest Rate: 3.32%, Comparison Rate 3.48%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, VARIABLE, 3.8%
  • Lending Rate Type: Variable
  • Interest Rate: 3.8%, Comparison Rate 3.67%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  INVESTMENT, VARIABLE, 2.69%
  • Lending Rate Type: Variable
  • Interest Rate: 2.69%, Comparison Rate 2.86%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  INVESTMENT, VARIABLE, 2.74%
  • Lending Rate Type: Variable
  • Interest Rate: 2.74%, Comparison Rate 2.91%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  INVESTMENT, VARIABLE, 2.89%
  • Lending Rate Type: Variable
  • Interest Rate: 2.89%, Comparison Rate 3.52%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  OWNER_OCCUPIED, VARIABLE, 2.03%
  • Lending Rate Type: Variable
  • Interest Rate: 2.03%, Comparison Rate 2.2%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  OWNER_OCCUPIED, VARIABLE, 1.98%
  • Lending Rate Type: Variable
  • Interest Rate: 1.98%, Comparison Rate 2.15%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied

 Product Features

  • Digital Banking
  • Other Additional Information: Maximum LVR - 80% for both Owner Occupied and Investment purposes
  • Other Additional Information: Minimum loan term - 1 year
  • Other Additional Information: Maximum loan term - 30 years
  • Other Additional Information: Split loans- fixed loan application fee applies
  • Other Additional Information: Loan Switching- switching fee applies
  • Other Additional Information: Additional repayments - make unlimited additional repayments at any time
  • Other Additional Information: Repayment Options -Principal and Interest, Interest only (maximum 5 years; subject to approval)
  • Other Additional Information: Repayment frequency -Weekly, fortnightly, monthly
  • Other Additional Information: Statement frequency - 6 Monthly
  • Other Additional Information: Security - Residential property
  • Other Additional Information: Loan Purpose - Owner Occupied and Investment housing
  • Redraw Additional Information: Unlimited free redraw- minimum $100.00 redraw.

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