Basics Home Loan Special Offer
Our Basics Home Loan for owner occupiers with a lifetime discount.
- From (owner occupied)
- 9.29%
- 9.42% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Discount 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. | 6.15% | 6.28% | Loan to Value Ratio (LVR) |
| Variable | 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
- • The Basics Low-Rate Home Loan Offer of 6.15% represents a discount of 3.14% off our Basics Home Loan standard variable rate of 9.29%. • The discount of 3.14% is available for the life of the loan. • Up to 60% LVR, without Lender's Mortgage Insurance. • Principal & Interest.
- Digital banking
- Loan Purpose: Owner Occupied.
- Repayment Type: Principal and Interest.
- Extra repayments
Eligibility
- This offer is for new customers to the Bank and for customers of the Bank purchasing a new owner occupier property. You may avail of this offer if you have approached the Bank directly, not through a referrer (paid or otherwise). This offer can be withdrawn at any time at the Bank's discretion.
Constraints
- Minimum limit — $50,000.00
More Information
Published by Arab Bank Australia Limited under the Consumer Data Right · Last updated 19 May 2026 · Product ID BASICS02 · View on CDR.gov.au