Basic Home Loan

Owner Occupied Home Loan

5.99% p.a. Variable

6.04% p.a. Comparison*

  • No hidden fees or ongoing monthly fees
  • Repayment flexibility and redraw available
  • Free additional payments
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    Awarded home loans - Reduce Home Loans

    Unlock exceptional savings with our exclusive Basic Home Loan!

    Say goodbye to application fees* & hello to unlimited additional repayments. Plus, experience the freedom of free redraws through internet banking with our Basic Home Loan.

    With competitive rates you can invest that money into something meaningful for yourself or your family. With unlimited additional repayments, you have the flexibility to pay off your loan sooner and save on interest in the long run. And with free redraws through internet banking, accessing your funds has never been easier. Whether it’s for unexpected expenses or taking an opportunity, you have the convenience at your fingertips.

    But that’s not all – our Personal Finance Managers are ready to guide you through the process. With their expertise, you can explore ways to potentially lower your interest rate and upfront fees even further. They’ll tailor solutions to suit your unique financial goals and circumstances.

    Take control of your financial future and call us at 1300 733 823.

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      THE BASICS
      Rate5.99% p.a. Variable
      6.04%* p.a. Comparison
      PurposeOwner Occupied
      Minimum Amount$250,000
      Maximum AmountUnlimited

      Max loan amount may vary depending on the loan purpose, postcode, and other factors
      Refer to your Reduce Finance Manager for loan amount policy
      LVRUp to 60% LVR*
      Add 0.10% for 60.1%-80%LVR
      Loan TermUp to 30 years
      Rate OptionsVariable
      Available for ConstructionYes- Conditions Apply
      FEATURES
      Redraw FacilityYes. Online redraw available. Minimum $500.
      Account AccessInternet, Mobile and Phone Banking
      StatementsHalf yearly
      REPAYMENTS
      TypePrincipal & Interest
      FrequencyMonthly, Weekly, Fortnightly
      MethodsDirect Debit
      Salary Credit
      Additional RepaymentsYes
      FEES
      Application Fee$0
      Establishment Fee$0
      Third Party Valuation FeeAt cost.
      Estimated $200.
      Third Party Legal & Funder FeesAt cost (Estimated $300) professional legal fee. Disbursements payable.

      Does not cover government charges, disbursements, funder's contract processing fee & PEXA Fee


      Annual Fee$0
      Monthly Fee$0
      Settlement Fee$0 Settlement fee
      Disbursements payable.
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