Purple Basic Vbl Home Loan
The Purple Basic Variable Home Loan is a simple home loan with a low interest rate, offering great value.
- From (owner occupied)
- 6.14%
- 6.17% comparison
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Purple Basic Variable Home Loan. Owner occupied, principal & interest, LVR >0 - <=60% & a minimum of $150,000 new money. Conditions apply. | 6.14% | 6.17% | — |
| Variable Purple Basic Variable Home Loan. Owner occupied, principal & interest, LVR >60 - <=80% & a minimum of $150,000 new money. Conditions apply. | 6.24% | 6.27% | — |
| Variable Purple Basic Variable Home Loan. Owner occupied, principal & interest, LVR >80 - <=90%. Conditions apply. | 6.49% | 6.52% | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Mortgage Loan Establishment Fee This fee is payable on establishment of the loan. | Upfront | $445.00 |
| Mortgage Discharge, Settlement or Partial Discharge Fee Payable whenever a mortgage is discharged or partially discharged | Event | $350.00 |
| Loan Variation Documentation fee This fee is payable when a property already held by us as security is to be used as security for additional credit. | Upfront | $345.00 |
| Redraw (staff-assisted) fee This fee is payable for each staff-assisted redraw. | Transaction | $35.00 |
| Redraw (online) fee Online redraw via Internet or Mobile Banking is free. | Transaction | $0.00 |
| Default Notice Fee This fee is payable whenever we send you a default notice because you have defaulted under the contract or related mortgage. | Event | $20.00 |
Features
- Digital banking
- Access your money 24/7 through Internet Banking, Telephone Banking or Mobile Banking services.
- Extra repayments
- Additional Repayments: make unlimited additional repayments to your loan.
- Pre-Approval: 120 day pre-approval so you can search with confidence.
- Redraw facility
- Redraw payments made in advance at any time through Internet and Mobile Banking. There is no minimum redraw amount.
Eligibility
- Employment status — Lending criteria, requirements and terms and conditions apply
- Minimum age — 18 yearsAvailable for customers aged 18 years and over
- Individuals only
- Membership: You must be or become a Beyond Bank Australia member.
- Lending criteria, requirements and terms and conditions apply
- LVR: Borrow up to 90% of the value of the property (inclusive of LMI). Conditions apply.
- Security: A single residential property or cross collateral security permitted.
- Pension recipientsLending criteria, requirements and terms and conditions apply
- Residency status — Australian CitizenMust be an Australian citizen, permanent Australian resident or hold a Visa. If a Visa holder's income is relied upon to determine serviceability, the term of the Visa must exceed the term of the loan.
Constraints
- Maximum limit — $2,000,000.00
- Maximum LVR — 90%
- Minimum limit — $150,000.00
- Minimum LVR — 0%
More Information
Published by Beyond Bank Australia under the Consumer Data Right · Last updated 9 June 2026 · Product ID 37 · View on CDR.gov.au · View Source Data (JSON)