The Basics Home Loan
This is our most simple and lowest variable rate home loan, designed to make borrowing money for your home or investment property as affordable as possible.
- From (owner occupied)
- 9.29%
- 9.42% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable The comparison rate is calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. Different amounts and terms will result in different Comparison Rates. | 9.29% | 9.42% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Application Fee | Upfront | |
| Monthly Service Fee Charged monthly | Ongoing | |
| Redraw Fee (Online) | Transaction | |
| Redraw Fee (Over the Counter) | Transaction | |
| Transfer Fee Payable if the Customer asks the Bank to change the security property by releasing its security over some or all of the security property and taking security over different property, without any other amendments to the agreement. It does not include any solicitor costs or fees payable to a government registry to register a document. | Event | |
| Arrears Letter Fee | Event | |
| Progress Payment Fee Payable whenever the Customer requests a progress payment. It does not include any fee payable for inspections by a quantity surveyor. | Event | |
Features
- Redraw facility
- • Minimum amount $50,000. • Maximum amount is 95% of the value of the property. • Loan Mortgage Insurance (LMI) is required if amount borrowed is more than 80% of the value of the property. • Variable interest rate. • Principal & Interest • Weekly, fortnightly or monthly repayments. • Automatic repayment. • Ability to make extra repayments. • Redraw facility available.
- Principal & Interest
- Digital banking
- Loan Purpose: Owner Occupied.
- Extra repayments
Eligibility
- • This loan is available to new and existing customers. • Available to applicants over the age of 18 years. • Applicant must meet the Bank’s Credit criteria. • Loan Mortgage Insurance (LMI) is required if amount borrowed is more than 80% of the value of the property. • Successful completion of applicable Arab Bank Australia Limited (ABAL) identification check requirements.
Constraints
- Minimum limit — $50,000.00https://www.arabbank.com.au/about/target-market-determinations
More Information
Published by Arab Bank Australia Limited under the Consumer Data Right · Last updated 19 May 2026 · Product ID BASICS01 · View on CDR.gov.au · View Source Data (JSON)