Bare Home Loan
loans.com.au's Bare Home Loan is a no‑frills mortgage designed for straightforward home financing, offering competitive variable rates with principal and interest repayments only. Borrow up to $2,000,000 (up to 90% LVR), make unlimited extra repayments, and access funds anytime with a convenient redraw facility - all with no ongoing fees.
- From (owner occupied)
- 6.04%
- 6.08% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 6.04% | 6.08% | Loan-to-Value Ratio (LVR) |
Investment — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 6.34% | 6.38% | Loan-to-Value Ratio (LVR) |
Fees
| Fee | Type | Amount |
|---|---|---|
| Settlement Fee A one-time fee charged at the time of loan settlement to cover processing and completion of the mortgage and funding of the loan. | Event | $300.00 |
| Application Fee No application fee is charged when setting up the loan | Upfront | $0.00 |
| Security Assessment Fee A variable fee charged at cost to assess the value of the property used as security for the loan, starting from a minimum amount. | Upfront | From $230.00 |
| Discharge Administration Fee A fee applied when releasing our mortgage to cover administrative processing of the discharge request. Waived if loan runs to term. | Exit | $300.00 |
| Discharge Documentation Fee A fee charged for preparing the necessary documentation when the loan is fully repaid and discharged. Waived if loan runs to term. | Exit | $250.00 |
Features
- Extra repayments
- Allows borrowers to make additional repayments on the loan to reduce interest and pay off the loan faster.
- Redraw facility
- Enables access to any extra repayments made, allowing funds to be withdrawn if needed.
Eligibility
- Minimum age — 18 yearsApplicants must be at least 18 years old to apply for this loan
- Residency status — Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
Constraints
- The loan term cannot exceed 30 years. — P30Y
- The loan term must be at least 15 years. — P15Y
- Maximum limit — $2,000,000.00The maximum application amount available under this product is $2,000,000.
- Minimum limit — $50,000.00The minimum application amount that can be borrowed is $50,000.
More Information
Published by loans.com.au under the Consumer Data Right · Last updated 1 July 2026 · Product ID lca-bare