Home loan · Variable
Basic Variable Home Loan
6.35%comparison rate p.a. · 6.34% advertised
Variable · P&I · Owner-occupier · 70–80% LVR
23rd of 93 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
- Yes
- Redraw
- Yes
- Extra repayments
- Yes
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- $350
- Variable · P&I · Owner-occupier · ≤70% LVR
- 6.25% comparison · 6.24% advertised
- Variable · P&I · Owner-occupier · 70–80% LVR
- 6.35% comparison · 6.34% advertised
- Variable · P&I · Owner-occupier · 80–95% LVR
- 6.74% comparison · 6.74% advertised
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- $350
- Redraw fee
- None
- Offset account
- Yes
- Redraw
- Yes
- Extra repayments
- Yes
- Portable
- No
- Repayment holiday
- No
- Minimum loan
- $20,000
- Basic Variable Home Loan · Variable · P&I · Owner-occupier
- RBA cash rate
- Market average
October 20261 change
- 13Tue
- 3 variants up 0.2513 days after the RBA rise to 4.60%+0.25All Variable · P&I · Owner-occupier
≤70% LVR 6.00 6.25 +0.25 70–80% LVR 6.10 6.35 +0.25 80–95% LVR 6.49 6.74 +0.25
Our Basic Variable Home & Investment Loans offers our lowest rate with no upfront or no ongoing monthly fee which enables you to make unlimited extra repayments to pay off your loan quicker.
Also from People First Bank: Fixed Home Loan 6.36% · Basic Variable Loan 6.40% · Fixed Loan 6.52%
As of 1 November 2026, the People First Bank Basic Variable Home Loan's variable owner-occupier P&I variant has a comparison rate of 6.35% (6.34% advertised), ranking 23rd of 93 variable owner-occupier P&I loans and sitting 0.23 points below the market average of 6.58%. The product comes in 3 variants; the others are other LVR bands. Its rate last moved on 13 October 2026, 13 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.