Variable Rate Home Loan

2.39% p.a.
Variable Rate*
2.56% p.a.
Comparison Rate#
Offset
100% interest offset

*Available for new owner occupied principal and interest loans with minimum 40% deposit and balances of $500,000 or more, submitted on or after 3 June 2021.

Features and benefits

Lock it in (or part of it)

Want the best of both worlds? Why not split your loan in to a variable and fixed portion. You’ll get the security of a low fixed rate for a portion of your loan and all the benefits and flexibility of a variable rate for the other portion. It’s win win. Find out more with our split home loan calculator.

Discounts based off loan size and your deposit

We recognise and reward the value of our customers, with discounted variable rates based on the loan size and the loan-to-value ration (the size of your deposit).

Redraw your home loan or pay it off sooner

Made some extra repayments and want to access the cash? You can redraw on those funds from your variable rate home loan at any time with no extra charges (min redraw $100). Find out more about redraw facility.

Got some extra cash and want to pay down your loan sooner? Our variable rate home loan lets you make unlimited repayments off your loan. Find out more with our addtional repayments calculator.

Astounding offset account

Our Reward Me Home Loan comes with a Home Loan Companion Account that we'll open for you. You can use this account to offset the interest you will pay when your fixed rate loan reverts to a variable rate loan, helping you pay off your loan sooner. Plus, the Companion Account will make it easier to make repayments and pay any fees and charges. Read more about our Home Loan Companion Account.

Ready to get started?    Enquire now   Call us on 13 81 51


$3,000 home loan cashback offer

Get a little something back with $3,000 home loan cashback38 when you refinance with us. T&Cs apply.

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$2,000 cashback offer46

Get $2,000 cashback46 when you keep your Home Loan with us. T&Cs apply.

 

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Variable Rate Home Loan rates and fees

Our Reward Me Variable Rate Home Loan offers competitive Owner Occupied and Investment home loan rates.

  • Owner Occupied

    Total borrowings less than $500,000

    Interest rates shown are for total borrowings less than $500,000 on an owner occupied loan with the Reward Me Variable Rate Home Loan.

    Loan to Value Ratio (LVR) Interest Rate (p.a.) Comparison Rate (p.a.)#
    PRINCIPAL & INTEREST
    Less than or equal to 60% 2.49%
    2.66%
    60.01% to 80% 2.59%
    2.76%
    80.01% to 90% 3.14% 3.30%
    Over 90% 4.62% 4.77%
    INTEREST ONLY
    Less than or equal to 60% 3.52% 3.56%
    60.01% to 80% 3.57% 3.61%

    Total borrowings between $500,000 and $750,000

    Interest rates shown are for total borrowings between $500,000 and less than $750,000 on an owner occupied loan with the Reward Me Variable Rate Home Loan.

    Loan to Value Ratio (LVR) Interest Rate (p.a.) Comparison Rate (p.a.)#
    PRINCIPAL & INTEREST
    Less than or equal to 60% 2.39%
    2.56%
    60.01% to 80% 2.49%
    2.66%
    80.01% to 90% 3.09% 3.25%
    Over 90% 4.62% 4.77%
    INTEREST ONLY
    Less than or equal to 60% 3.47% 3.51%
    60.01% to 80% 3.52% 3.56%

    Total borrowings over $750,000

    Interest rates shown are for total borrowings over $750,000 on an owner occupied loan with the Reward Me Variable Rate Home Loan.

    Loan to Value Ratio (LVR) Interest Rate (p.a.) Comparison Rate (p.a.)#
    PRINCIPAL & INTEREST
    Less than or equal to 60% 2.39%
    2.56%
    60.01% to 80% 2.49%
    2.66%
    80.01% to 90% 3.09% 3.25%
    Over 90% 4.62% 4.77%
    INTEREST ONLY
    Less than or equal to 60% 3.42% 3.46%
    60.01% to 80% 3.47% 3.51%
  • Investment

    Total borrowings less than $500,000

    Interest rates shown are for total borrowings less than $500,000 on an investment loan with the Reward Me Variable Rate Home Loan.

    Loan to Value Ratio (LVR) Interest Rate (p.a.) Comparison Rate (p.a.)#
    PRINCIPAL & INTEREST
    Less than or equal to 60% 2.64% 2.81%
    60.01% to 80% 2.74% 2.91%
    80.01% to 90% 3.29% 3.45%
    INTEREST ONLY
    Less than or equal to 60% 2.99% 3.04%
    60.01% to 80% 3.04% 3.08%
    80.01% to 90% 3.49% 3.53%

    Total borrowings between $500,000 and $750,000

    Interest rates shown are for total borrowings between $500,000 and less than $750,000 on an investment loan with the Reward Me Variable Rate Home Loan.

    Loan to Value Ratio (LVR) Interest Rate (p.a.) Comparison Rate (p.a.)#
    PRINCIPAL & INTEREST
    Less than or equal to 60% 2.59% 2.76%
    60.01% to 80% 2.69% 2.86%
    80.01% to 90% 3.19% 3.35%
    INTEREST ONLY
    Less than or equal to 60% 2.94% 2.99%
    60.01% to 80% 2.99% 3.04%
    80.01% to 90% 3.44% 3.48%

    Total borrowings over $750,000

    Interest rates shown are for total borrowings over $750,000 on an investment loan with the Reward Me Variable Rate Home Loan.

    Loan to Value Ratio (LVR) Interest Rate (p.a.) Comparison Rate (p.a.)#
    PRINCIPAL & INTEREST
    Less than or equal to 60% 2.59% 2.76%
    60.01% to 80% 2.69% 2.86%
    80.01% to 90% 3.19% 3.35%
    INTEREST ONLY
    Less than or equal to 60% 2.94% 2.99%
    60.01% to 80% 2.99% 3.04%
    80.01% to 90% 3.44% 3.48%

Fees

Key upfront fees
Application fee $300 - Payable for processing application of your loans. Charged at settlement.
Settlement fee $150 - Payable for completing settlement of your loans
Valuation fee

First Valuation – Free

Any further valuation will be charged for. The amount of the fee, will be the fee charged by the appointed Valuer and will vary depending on the location and value of the property.

Ongoing fees after settlement of your loan
Home loan fee $10 - Charged to each loan account on every repayment date (monthly).

For a full list of fees and charges that could apply refer to our Lending and Deposists Guide to Fees and Charges.

Download the key facts sheet

Ready to get started?    Enquire now   Call us on 13 81 51

 

FAQs

Still have some questions? Let’s see if we can answer them for you now.