Home Loan rate options

Current Home Loan Rates

Effective 1 December 2021. A minimum deposit of 20% is required for home loan special interest rates and residential loans. Residential loans with less than a 20% deposit are subject to availability of funds. If the bank accepts a loan application that falls outside normal lending criteria, a risk-based premium of up to 2% may be applied. An early repayment fee may apply on fixed rate loans. All interest rates are subject to change without notification. Different lending criteria applies for residential investment, business, commercial and rural loans. Standard lending terms and conditions apply.

If you do not pay amounts when they are due, we can charge you interest on those amounts at the default interest rate, which is your interest rate + 3.00% p.a.
Term Special Rate (Minimum 20% deposit) Standard Rate (Less than 20% deposit)
6 months 3.60% p.a. 4.40% p.a.
1 year 3.60% p.a. 4.40% p.a.
18 months 4.00% p.a. 4.80% p.a.
2 years 4.30% p.a. 5.10% p.a.
3 years 4.64% p.a. 5.44% p.a.
4 years 4.74% p.a. 5.54% p.a.
5 years 4.90% p.a. 5.70% p.a
Housing variable 4.79% p.a. 5.59% p.a.
Revolving credit rates 4.89% p.a. -
Things you need to know
  • If you’re unable to make your regular payments and are facing unforeseen hardship, there are options available to assist you through difficult times.
  • Let us know straightaway if you move.
  • If you break a fixed rate term early, or pay more than $10,000 per calendar year, you may need to pay break costs1. Learn more

    Fixed – Your interest rate won’t change or be affected by the market

    With a fixed rate your interest is fixed from the start, and stays the same for the time you choose – from 6 months to 5 years. This option makes budgeting easy, since your repayments will stay the same over the time you’ve chosen. Plus, you’ll be able to make extra payments up to $10,000.00 per calendar year. If you’re looking to take out new lending with us, we can hold a fixed rate for you for up to 60 days once your loan is contracted. If your rate is up for renewal, you can easily re-fix through Online Banking1.

    Floating/Variable – Your interest rate will move with the market

    A floating or variable interest rate moves with the market, decreasing your repayments when interest rates are low, and increasing them when the market rates are higher. If you’re looking to pay off your home loan faster, a floating/variable rate allows you the flexibility to increase your repayments, or make extra payments without any penalties.

    Combine Fixed and Floating/Variable for the best of both worlds

    Want the certainty of a fixed rate with the flexibility of a floating/variable rate? Talk to us about a combination of both. You can decide what portion of your loan is fixed and floating/variable, allowing you the flexibility to reach your goals faster.