Gold Prime Residential Basic Home Loans
The Better Choice Gold Special Basic Variable Home Loan offers a standard variable loan. Available up to 80% LVR, this loan suits borrowers that are looking for flexibility with their home loan and investment properties
- From (owner occupied)
- 6.05%
- 6.08% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Basic OO P&I Up to 70% LVR · Rate applied to new Gold Prime Basic Residential home loans | 6.05% | 6.08% | LVR equal to or less than 70%Loan Amount $100,000–$2,000,000 |
| Variable Basic OO P&I Up to 80% LVR · Rate applied to new Gold Prime Basic Residential home loans | 6.1% | 6.13% | LVR above 70% and equal to or less than 80%Loan Amount $100,000–$2,000,000 |
Investment — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Basic INV P&I Up to 70% LVR · Rate applied to new Gold Prime Basic Residential home loans | 6.25% | 6.34% | LVR equal to or less than 70%Loan Amount $100,000–$2,000,000 |
Fees
| Fee | Type | Amount |
|---|---|---|
| Valuation costs This fee is incurred for existing loans when they increase on an existing Loan | Event | From $1.00 |
| Substitution of Security: Valuation Fees Substitution of Security | Event | From $1.00 |
| Loan Top Up This fee is incurred when a customer requests an increase for an existing loan | Event | $350.00 |
| Solicitors Fees This fee is incurred for existing loans when they increase on an existing Loan | Event | $350.00 |
| Conversion: Variation Fee This fee is associated with conversion of an existing loan - Convert to Fixed Rate (Full or Partial), Interest Only, Principal & Interest, Full Doc | Event | $250.00 |
| Conversion: Funder Fee This fee is associated with conversion of an existing loan - Convert to Fixed Rate (Full or Partial), Interest Only, Principal & Interest, Full Doc | Event | $250.00 |
Features
- Digital banking
- Free internet and telephone transacting
- Extra repayments
- If you have a variable loan you can make as many extra payments as you want, with no penalty at anytime
- Pay interest only. You can pay just the interest for up to 5 years if its an investment property.
- Pay weekly, fortnightly or monthly
- Redraw facility
Eligibility
- Business customersBe a company and meet the following requirements: - Satisfactory investigation by BNK; and - Company borrowing being supported by the personal guarantee of the director(s). Guarantees from companies & trusts are not acceptable;
- Business customers Be an Australian corporate trustee as trustee for a family trust, (provided the corporate trustee is a non-trading entity) and the family trust beneficiaries are all individuals
- Provide sufficient security and provide satisfactory assessment in accordance with Better Choice’s credit assessment criteria
- Employment status — YesEntity must be able to provide a stable income to make repayments on the loan
- Minimum age — 18 years
- Residency status — An Australian citizen, permanent resident or Australian resident for tax purposesbe an Australian citizen or Australian permanent resident (limited exceptions may apply subject to conditions)
Constraints
- Maximum balance — $2,000,000.00Max loan balance is $2,000,000
- Minimum balance — $100,000.00Minimum value for a loan is $100,000
Published by BNK Bank (Goldfields Money/BCHL) under the Consumer Data Right · Last updated 10 May 2026 · Product ID 2001 · View on CDR.gov.au · View Source Data (JSON)