Purple Basic Variable Home Loan

2.04 percent per annum
Interest Rate
2.07 percent per annum *
Comparison Rate
A variable home loan rate for new owner-occupied home loans less than 60% LVR.^

We're for and with you.

At Beyond Bank, we help make home ownership a reality for people, by working with people.

Low interest rate.

Low variable interest rate with loan terms up to 30 years.


No minimum redraw.

Withdraw any extra repayments you make or enjoy a repayment holiday.1

Simple fee structure.

One all-inclusive application fee covering your loan establishment.2


After more flexibility?

If you want to be able to split your loan between variable and fixed, or want an offset, perhaps our Total Home Loan Package is the one for you? 

Digital and service excellence awards

As a customer-owned bank, delivering the best possible experience to our customers is one of the core foundations of Beyond Bank and we have the awards to prove it.
In 2020/21 alone we received:

  • Roy Morgan's Annual Customer Satisfaction award for Bank of the Year 2020
  • Forbes World's Best Banks for 2021 Top 5 in Australia
  • Canstar's Customer Owned Bank of the Year - Mobile and Online Banking (for the sixth year running)

Interest rates are current as at 27 April 2022. Interest rates are subject to change without notice. 

Rates are available only for new loans applied for from 27 February 2022. Rates may differ for existing borrowers.

*The comparison rate is calculated on a $150,000 loan with monthly repayments over a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

^Purple Basic Variable Home Loan is only available to new loans or increases to existing loans when the minimum new borrowing amount is $150,000 and the LVR does not exceed 60% on eligible owner-occupied home loan products. No package or other discounts will apply to the advertised rate. Offer available for a limited time only and may be withdrawn at any time. Parent Equity, Bridging, Land Rent Scheme, Interest Only, Investment and building/construction loans are not eligible. 

1. There is no minimum redraw amount. Free redraw in-advance amounts at any time through Internet Banking and Mobile Banking. Fees apply for staff-assisted redraw. An amount equivalent to the next scheduled repayment for the loan cannot be redrawn from the in-advance amount.

2. Purple Basic Variable Home Loan has a single application fee of $445.00 which includes Valuation costs up to $300.00, Check fees and Check search fees. Valuation fees in excess of $300.00 and other fees (such as government charges) may apply.

All applications for credit are subject to Beyond Bank’s credit assessment criteria. Terms and conditions are available on request. Fees and charges apply. This information is available on our website at www.beyondbank.com.au/disclosures, by calling us on 13 25 85 to request a copy or by visiting a branch.

All loans are provided by Beyond Bank Australia Ltd. ABN 15 087 651 143 AFSL/Australian Credit Licence 237 856.

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