Home Loans

We’re here to help you financially, whatever your goals

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How can we help you today?

I want…

Save more with our lowest variable home loan rate

5.74

%

pa

Variable rate *

5.81

%

pa

Comparison rate *

*Based on an LVR up to 60% and owner occupied

Because we’re focused on you, not shareholders, we can give you a lower rate with our Customs Value Home Loan. Lower interest means you pay off your loan faster. Plus, you can get your foot in the door from as little as 2% deposit if it’s your own home.

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Interested in investing?

5.84

%

pa

Variable rate *

5.91

%

pa

Variable rate *

*Based on an LVR up to 60% for our Customs Value Investment Loan (principal & interest)

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Benefits

Get a loan with as little as 2% deposit if it’s your own home¹
Able to split home loan into variable and fixed option
Make additional repayments at no extra cost (limit of $10k on fixed loans per year.
Repayment frequency options – weekly, fortnightly, monthly
Offset is available on a variable home loan only
Principle and Interest Only available

Costs

No monthly account keeping fee
No annual fee
An establishment fee is applicable, and there are other fees associated when buying a home. This information can be found here.

Conditions

Lenders Mortgage Insurance will apply with deposits less than 20%
For Owner Occupiers, not investors
Interest Only is available

Key Fact Sheets

Free Property Report

Access your two free downloadable property reports for when you’re looking to buy, sell or want an overall property snapshot.

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THE BENEFITS

Why choose a Border Bank home loan?

We’re friendly

We’re proud of our members and do everything we can to make your banking as easy as possible.

We’re all about you

Our bank is Member-owned — that means we only answer to you, our Members. All profits are returned to Members in the form of better rates, products and services.

We offer the best deals

Discover our award winning home and personal loans, credit cards and overdrafts — whatever you need.

We’re award-winning

Money Magazine Awards:

2021 – Customer Owned Bank Investment Lender of the Year

2020 – Investment Lender of the Year

2018 – Cheapest Personal Loan

Ready to apply for a Home Loan?

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Important Information

Effective for new business at 20 January 2023. Terms and conditions apply and are available on request. Fees, charges and lending criteria apply. A Financial Services Guide (FSG) is available at all Branches, on our website and upon request. Unless stated, all comparison rates are based on principal and interest repayments. for more information on interest only comparison rates, please contact us.

*The comparison rate is based on a loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

^Lenders Mortgage Insurance (LMI) required for Loans with LVR^ greater than 80%, with the exception of the First Home Loan. If you decide to repay your home loan, refinance or switch to another lender within the first year, then you may be eligible for a partial refund of your LMI payment.

#An early repayment fee may apply on the fixed rate portion of any loan.

~ Offset Account is not available on Interest Only.

Home Loan Terms & Conditions

The First Home Loan is only available for applicants that qualify for the First Home Loan Deposit Scheme. Interest Only is only applicable for Construction purposes.
Minimum loan amount is $50,000. Existing Border Bank borrowers must borrow minimum $50,000 additional funds to be eligible.
Not available for investment purposes or for refinancing of existing Border Bank loans.
Customs Value Home Loan is only available to Current and Retired Employees of an Australian Border Force or Police organisation uniformed or civilian.

More Information