Home loan · Variable
Basic Variable Loan
6.89%comparison rate p.a. · 6.89% advertised
Variable · P&I · Investor · 80–90% LVR
61st of 85 variable investor 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 · Investor · ≤70% LVR
- 6.40% comparison · 6.39% advertised
- Variable · P&I · Investor · 70–80% LVR
- 6.49% comparison · 6.49% advertised
- Variable · P&I · Investor · 80–90% LVR
- 6.89% comparison · 6.89% advertised
- Variable · Interest Only · Investor · ≤70% LVR
- 6.52% comparison · 6.69% advertised
- Variable · Interest Only · Investor · 70–80% LVR
- 6.62% comparison · 6.79% 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 Loan · Variable · P&I · Investor
- RBA cash rate
October 20262 changes
- 13Tue
- 3 variants up 0.24 to 0.2513 days after the RBA rise to 4.60%+0.24 to +0.25All Variable · P&I · Investor
≤70% LVR 6.15 6.40 +0.25 70–80% LVR 6.25 6.49 +0.24 80–90% LVR 6.64 6.89 +0.25 - 2 variants up 0.2513 days after the RBA rise to 4.60%+0.25All Variable · Interest Only · Investor
≤70% LVR 6.27 6.52 +0.25 70–80% LVR 6.37 6.62 +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: Basic Variable Home Loan 6.35% · Fixed Home Loan 6.36% · Fixed Loan 6.52%
As of 2 November 2026, the People First Bank Basic Variable Loan's variable investor P&I variant has a comparison rate of 6.40% (6.39% advertised), ranking 6th of 85 variable investor P&I loans. The product comes in 5 variants; the others are investor, interest-only and 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.