A no frills, low rate home loan with all the basics you need.
There’s no monthly fee on SmartSaver.
Choose between a variable or fixed interest rate.
It’s free to redraw online or via our app (min. $1).
What you’ll need:
- The amount you’d like to borrow (our borrowing calculator can help)
- Your assets, including estimated values
- Your liabilities, including credit limits
- Your gross income
- The approximate value of any property offered as security
- Your deposit amount
- The equity you have in your home.
Choose between Principal and Interest or Interest Only.
Make extra repayments without penalty:
- Variable rate - unlimited
- Fixed rate - up to $20,000 per year.
Things you should know
^Redraw is not automatic. You must provide consent to have this function set up and must have at least one repayment ahead, before you can redraw any funds so that you will not fall into arrears. For example, if a minimum monthly repayment is $2,500 and you have an ahead balance of $10,000, you can only withdraw $7,500 if this function is set up.
#Repayments can be determined after a conversation with a lender/broker/expert around what the loan purpose is and if you meet the criteria for income/affordability, like any other loan application.