Home loan · Variable
Basic Home Loan Variable
6.39%comparison rate p.a. · 6.34% advertised
Variable · P&I · Owner-occupier · 70–80% LVR
25th of 149 variable owner-occupier P&I loans
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
- Yes
- Extra repayments
- Yes
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- $395
- Variable · P&I · Owner-occupier · ≤60% LVR
- 6.29% comparison · 6.24% advertised
- Variable · P&I · Owner-occupier · 60–70% LVR
- 6.34% comparison · 6.29% advertised
- Variable · P&I · Owner-occupier · 70–80% LVR
- 6.39% comparison · 6.34% advertised
- Variable · P&I · Owner-occupier · 80–90% LVR
- 6.89% comparison · 6.84% advertised
- Variable · P&I · Owner-occupier · 90–98% LVR
- 7.34% comparison · 7.29% advertised
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- $395
- Redraw fee
- None
- Offset account
- No
- Redraw
- Yes
- Extra repayments
- Yes
- Portable
- No
- Repayment holiday
- No
- Basic Home Loan Variable · Variable · P&I · Owner-occupier
- RBA cash rate
- Market average
No changes recorded for this product since tracking began on 11 November 2026.
Also from Bank First: Basic Loan Variable 6.44% · Complete Home Loan Variable 6.49% · Complete Home Loan fixed 6.55% · Premier Package Home Loan Variable 6.82% · Premier Package Home Loan fixed 6.87%
As of 13 November 2026, the Bank First Basic Home Loan Variable's variable owner-occupier P&I variant has a comparison rate of 6.39% (6.34% advertised), ranking 25th of 149 variable owner-occupier P&I loans and sitting 0.43 points below the market average of 6.82%. The product comes in 5 variants; the others are other LVR bands. From the provider's Consumer Data Right feed, refreshed nightly.