Basic Home Loan

As of 18 September 2026, the Bank Australia Basic Home Loan's variable owner-occupier P&I variant has a comparison rate of 6.14% (6.14% advertised), ranking 12th of 107 variable owner-occupier P&I loans and sitting 0.62 points below the market average of 6.76%. The product comes in 5 variants; the others are other LVR bands.

6.14%comparison rate p.a.

6.14% advertised · Variable · P&I · Owner-occupier · 70–80% LVR

4 other variants: other LVR bands below.

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Rate over time

Comparison rate · Variable · P&I · Owner-occupier · 70–80% LVR

Basic Home Loan · Variable · P&I · Owner-occupier
RBA cash rate
Market average

Changes

No changes recorded for this product since tracking began on 12 September 2026.

Rates by variant

Comparison rate · advertised rate

Variable · P&I · Owner-occupier · ≤60% LVR: 6.13% comparison · 6.13% advertised
Variable · P&I · Owner-occupier · 60–70% LVR: 6.13% comparison · 6.13% advertised
Variable · P&I · Owner-occupier · 70–80% LVR: 6.14% comparison · 6.14% advertised
Variable · P&I · Owner-occupier · 80–90% LVR: 6.39% comparison · 6.39% advertised
Variable · P&I · Owner-occupier · 90–90% LVR: 6.65% comparison · 6.65% advertised

Fees

Headline variant

Application fee: None
Ongoing fee: None
Discharge fee: $275
Redraw fee: None

Features

Headline variant

Offset account: No
Redraw: Yes
Extra repayments: Yes
Portable: No
Repayment holiday: Yes

Eligibility

Minimum loan: $10,000

About this product

Our Basic Home Loan is anything but, with a low rate, low fees and feel-good features.

Compare all home loans