Prime Alt Doc (BNK)
The Better Choice Prime Alt Doc Variable Home Loan offers a standard variable loan with the option to use alternative forms to verify income. Available up to 85% LVR, this loan suits borrowers that are looking for flexibility with their home loan and investment properties
- From (owner occupied)
- 6.74%
- 6.81% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable OO P&I Up to 50% LVR · Rate applied to new Ultimate Prime Alt Doc home loans | 6.74% | 6.81% | LVR equal to or less than 50%Loan Amount |
| Variable OO P&I Up to 60% LVR · Rate applied to new Ultimate Prime Alt Doc home loans | 6.94% | 7.01% | LVR above 55% and equal to or less than 60%Loan Amount |
| Variable OO P&I Up to 65% LVR · Rate applied to new Ultimate Prime Alt Doc home loans | 6.94% | 7.01% | LVR above 60% and equal to or less than 65%Loan Amount |
| Variable OO P&I Up to 55% LVR · Rate applied to new Ultimate Prime Alt Doc home loans | 6.94% | 7.01% | LVR above 50% and equal to or less than 55%Loan Amount |
Fees
| Fee | Type | Amount |
|---|---|---|
| Variation Fee Conversion - Convert to Fixed Rate (Full or Partial), Interest Only, Principal & Interest, Full Doc | Event | $200.00 |
| Substitution of Security Substitution of Security | Event | $690.00 |
| Valuation Fees - Substitution of Security Substitution of Security - Valuation Fees | Event | From $1.00 |
| Solicitors Fees Solicitor Fees for Substitution of Security - At cost | Other | From $1.00 |
| Discharge (Full or partial) Discharging a loan - $390 per security + 3rd Party costs per security ($220 per additional security) | Exit | $390.00 |
| Discharge (Full or Partial): Solicitors Fees Solicitors Fees for discharging a loan - At cost | Exit | From $1.00 |
| Loan Top Up This fee is incurred when a customer requests an increase for an existing loan |
Features
- Split Loans available
- Pay weekly, fortnightly or monthly
- Extra repayments
- If you have a variable loan you can make as many extra payments as you want, with no penalty at anytime
- Offset account
- Fully transactional 100% Offset Account. Note Better Choice offset sub-accounts do not have access by cards.
- Pay interest only. You can pay just the interest for up to 5 years for both Owner Occupied and Investment properties
- Digital banking
- Free internet and telephone transacting
- Redraw facility
Eligibility
- Employment status — YesThe customer must also meet Better Choice’s credit criteria, including demonstration of ability to meet repayment obligations offer acceptable residential property as security
- Business customersA 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
- Minimum age — 18 years
- An Australian corporate trustee as trustee for a family trust, (provided the corporate trustee is a nontrading entity) and the family trust beneficiaries are all individuals
- 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
- Minimum balance — $50,000.00Minimum value for a loan is $50,000
- Maximum balance — $2,500,000.00Max loan balance is $2,500,000
- Maximum LVR — 0.85%The maximum acceptable LVR for this product is 85%
Published by BNK Bank (Goldfields Money/BCHL) under the Consumer Data Right · Last updated 10 May 2026 · Product ID 4001 · View on CDR.gov.au