Basic Investment Loan IO

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 6.54%, Comparison Rate 6.47%
• Repayment Type: Interest Only
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 6.54%, Comparison Rate 0.00%
• Repayment Type: Interest Only
• Loan Purpose: Investment

• Lending Rate Type: Variable
• Interest Rate: 6.54%, Comparison Rate 0.00%
• Repayment Type: Interest Only
• Loan Purpose: Investment

 Product Features

• Digital Banking Additional Information: You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.

• Other Additional Information: We protect an equivalent amount of land on the Bank Australia Conservation Reserve as is being constructed to help offset the environmental impact of land clearing

 Product Eligibility

• Business Additional Information: Includes Non-trading Companies and/or Family/Unit/Hybrid Trusts

• Min Age - 18. Additional Information: Individuals (natural persons) must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.

• Natural Person Additional Information: Not available for non-personal borrowers.

• Other Additional Information: Applications for loans are subject to the Bank's lending criteria.

• Residency Status - Au. Additional Information: Australian citizen or permanent resident of Australia

 Bank Fees and Charges

• Additional Valuation (Event), Amount: 150.00. Additional Information: The establishment fee covers a standard loan, which includes one valuation. This fee applies for any additional standard residential valuation required.

• Home Loan Establishment Fee - Existing Mortgage (Upfront), Amount: 295.00. Additional Information: Payable for all requests to increase a current loan or for an additional loan where Bank Australia already holds a registered mortgage.

• Home Loan Establishment Fee - New Mortgage (Upfront), Amount: 595.00. Additional Information: Payable for all mortgage secured loans to cover Bank Australia administration costs including preparing security documents.

• Loan Variation Fee (Event), Amount: 150.00. Additional Information: Payable when transferring from a home loan product to a different home loan product. For example, transferring a variable rate product to a fixed rate product.

• Mortgage Discharge Fee (Event), Amount: 250.00. Additional Information: Payable when you request Bank Australia to arrange for the registration of discharge or Bank Australia is required to attend settlement. It covers preparation of the discharge of mortgage form. Statutory government registration fees will still apply. Additional fees may apply and should be paid direct to our agent if settlement is requested in a location other than a Bank Australia office.

• Portability Fee- Existing Mortgage (Event), Amount: 150.00. Additional Information: Payable when a property securing a loan is replaced with a property that is already registered with a Bank Australia mortgage.

• Portability Fee- New Mortgage (Event), Amount: 500.00. Additional Information: Payable when you request that a property securing a loan is replaced with a property that is a new security to Bank Australia.

• Valuation Administration Fee (Event), Amount: 250.00. Additional Information: If you request a loan variation, Bank Australia may need to revalue your property before approving the request.