The Simple Home Loan offers a low variable rate for owner occupiers looking to borrow up to 95% of the property value. The flexible loan also provides the options of an offset account and credit card which has the same interest rate as the home loan for purchases.
- Great rate - access to a low variable home loan.
- Flexible loan sizes - obtain a loan that suits your needs starting at $50,000 right up to 95% of the property value.
- Optional 100% offset transaction account - an & Access Account which gives you a 100% balance interest offset against your Simple Home Loan with no monthly fee.
- Optional credit card - a Simple Visa Credit Card with a purchase rate that matches your Simple Home Loan interest rate.
- Pay your loan off sooner - make additional payments and pay your loan off faster.
- Redraw facility - pay more into your home loan and access the funds when you need them.
Want to get into your first home sooner?
The First Home Loan Deposit Scheme is a Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers to purchase a home with a deposit of as little as 5% without needing to pay for Lenders Mortgage Insurance (LMI).
Interest rates
| Product Name | LVR |
Rate
(Variable) |
Comparison Rate |
|---|---|---|---|
| Simple Home Loan | < 95.00% | 2.92% p.a. | 2.92% p.a. |