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 an 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. |