BankMate

Home loan · Variable

Basic Home Loan

Deposit

6.39%comparison rate p.a. · 6.39% advertised

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

28th of 93 variable owner-occupier P&I loans

Go to Bank Australia

Comparison rates are based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Offset account
No
Redraw
No
Extra repayments
Yes
Application fee
None
Ongoing fee
None
Discharge fee
$275
Compare all 321 home loans
Compare Bank Australia Basic side by side

Variable · P&I · Owner-occupier · ≤60% LVR
6.38% comparison · 6.38% advertised
Variable · P&I · Owner-occupier · 60–70% LVR
6.38% comparison · 6.38% advertised
Variable · P&I · Owner-occupier · 70–80% LVR
6.39% comparison · 6.39% advertised
Variable · P&I · Owner-occupier · 80–90% LVR
6.64% comparison · 6.64% advertised
Variable · P&I · Owner-occupier · 90–95% LVR
6.90% comparison · 6.90% advertised

Application fee
None
Ongoing fee
None
Discharge fee
$275

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

Minimum loan
$10,000

  • Basic Home Loan · Variable · P&I · Owner-occupier
  • RBA cash rate
  • Market average
5.006.00SepOctToday6.39% p.a. today

October 20261 change

  1. 16Fri
    • 5 variants up 0.2516 days after the RBA rise to 4.60%
      All Variable · P&I · Owner-occupier
      ≤60% LVR6.136.38+0.25
      60–70% LVR6.136.38+0.25
      70–80% LVR6.146.39+0.25
      80–90% LVR6.396.64+0.25
      90–95% LVR6.656.90+0.25
      +0.25

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

Also from Bank Australia: Basic Home Loan Fixed 6.42% · Basic Loan 6.59% · Offset Home Loan Fixed 6.60% · Basic Loan Fixed 6.61% · Offset Home Loan 6.62% · Offset Loan 6.68% · Offset Loan Fixed 6.71%

As of 2 November 2026, the Bank Australia Basic Home Loan's variable owner-occupier P&I variant has a comparison rate of 6.39% (6.39% advertised), ranking 28th of 93 variable owner-occupier P&I loans and sitting 0.19 points below the market average of 6.58%. The product comes in 5 variants; the others are other LVR bands. Its rate last moved on 16 October 2026, 16 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.