Aussie Select Basic Variable (Investor)
A no-frills variable rate home loan with access to redraw and the ability to make additional repayments.
- From (investment)
- 6.14%
- 6.15% comparison
Interest Rates
Investment — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Investment Select - Basic (Investment) (PI) — Investment with Principal and Interest repayment type | 6.14% | 6.15% | LVRBALANCE |
| Variable Investment Select - Basic (Investment) (PI) — Investment with Principal and Interest repayment type | 6.14% | 6.15% | LVRBALANCE |
| Variable Investment Select - Basic (Investment) (PI) — Investment with Principal and Interest repayment type | 6.14% | 6.15% | LVRBALANCE |
| Variable Investment Select - Basic (Investment) (PI) — Investment with Principal and Interest repayment type | 6.14% | 6.15% | LVRBALANCE |
| Variable Investment Select - Basic (Investment) (PI) — Investment with Principal and Interest repayment type |
Fees
| Fee | Type | Amount |
|---|---|---|
| Consent Fee Payable for any consent related matter over the security property. | Event | $300.00 |
| Settlement Fee (Discharge) Payable if you request a discharge of mortgage. | Event | $535.00 |
| Document Handling Fee Payable when requesting a copy of any document or when an original document is required to be produced. | Event | $50.00 |
| Enforcement Costs Reasonable costs (including internal costs and any legal costs and disbursements) arising from any default. | Event | From $0.00 |
| Further Advance Application Fee Payable when you request an increase to your existing Aussie Select home loan amount (a further advance) after the original loan has been settled. | Event | $400.00 |
| Late Payment Fee Payable on each interest debit date if the loan is in arrears or in default on that date by an amount equal to or greater than your monthly loan repayment or monthly payment. | Event | $50.00 |
Features
- Extra repayments — Ability to make unlimited payments in excess of the required monthly repayment amount
- Additional repayments can be made at any time. No fees apply.
- You can apply to top up your home loan by an additional $10,000 or more - subject to equity in your property and our approval. — Top up
- Guarantor supported — Guarantor
- A person that helps you secure a loan by providing additional security.
- 10-30 years (Subject to our approval) — Loan Term
- Redraw facility — Redraw
- Your home loan includes a redraw facility, allowing you to make additional repayments and access any additional funds paid above your minimum required repayment.
- Ability to switch your loan or repayment type, for example switching from an Aussie Select Basic Variable Rate to an Aussie Select Basic Fixed Rate home loan or switch from Principal and Interest repayments to Interest Only payments.
Eligibility
- Minimum age — 18 yearsIndividuals must have the legal capacity to enter into the loan contract, provide acceptable identification documentation and be 18 years or older.
- Individuals only — IndividualsMust be a natural person, non-individuals not accepted
- Residency status — Applicable residency statusEligible applicants must be an Australian citizen, permanent resident, or specified temporary Australian resident; a New Zealand citizen; or an overseas citizen applying jointly with an Australian citizen or permanent resident.
- The loan must be supported by sufficient security, which includes an acceptable residential mortgage and, if applicable, a guarantor providing additional security. — Sufficient security
- Applications for home loans are subject to the Bank's normal credit approval.
Constraints
- Minimum limit — $100,000.00Minimum loan amount for new loans.
- Maximum limit — $5,000,000.00Maximum loan amount for new loans.
- Maximum balance — $20,000.00Online redraws are capped at $20,000
More Information
Published by Aussie Select under the Consumer Data Right · Last updated 9 July 2026 · Product ID d3bc4b65-c3ef-4f4e-be5b-d591b5e4c28a