Purple Basic Variable 
Home Loan^

6.14 percent per annum
Interest Rate
6.17 percent per annum *
Comparison Rate
Owner-occupier, principal & interest, LVR ≤60%.

For and with home owners

As a 100% customer owned bank, you’ll always come first.

Upscaling, downsizing or refinancing? Whatever your next move, we can help make home ownership more affordable for people, by working with people.

Competitive interest rate

Borrow up to 90% of the value of the security property with a competitive variable interest rate and loan terms up to 30 years.


Repayment options

Make additional principal and interest repayments without penalty and choose your payment frequency from weekly to monthly.


Redraw options

Extra repayments can either be withdrawn (no minimum) or you can choose to have a repayment holiday.1

Simple fee structure²

One all-inclusive application fee covering your loan establishment.

After more flexibility with your home loan?

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.

  • Canstar's Customer Owned Bank of the Year, Digital Banking 2015 - 2023
  • Canstar's Customer Owned Bank of the Year, Most Satisfied Customers 2023
  • Forbes World's Best Banks for 2023

For and with homeowners.

As a 100% customer owned bank, you’ll always come first.

Upscaling, downsizing or refinancing? Whatever your next move, we’ll be there with you every step of the way to help make home ownership more affordable for you, by working with you.

Bank with Australia’s best. 

We're proud to be named one of the best bank in Australia by Forbes in their 2023 World's Best Banks survey. 

Forbes award

Contact Us

Interest rates are applicable to new loan applications received from 21 May 2024 and are subject to change without notice. Terms, conditions and eligibility criteria apply, including minimum lending amounts.

Borrowers who acquired or applied for these products before this date may have a different interest rate.

^Terms and conditions, fees and charges, eligibility and lending criteria apply. Full details are available on application. The interest rate displayed for the Purple Basic Variable Home Loan is available for new loans with a minimum borrowing amount of $150,000 or increases to existing loans where the increased borrowing amount is $50,000 or more and, in all cases, where the LVR does not exceed 60%. Offer only applies to new loans, or loan increases, applied for on and from 18 April 2023. Rates may differ for existing borrowers. No package or other discounts apply. The following products are excluded from this offer: Parent equity, bridging, Land Rent Scheme, interest-only, investment, and building/construction loans. This offer is available for a limited time only and may be varied, withdrawn, or replaced at any time in Beyond Bank’s sole and absolute discretion. 

*The comparison rate shown is calculated for a $150,000 secured loan repaid monthly over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

1. There is no minimum redraw amount. Free redraw of payments made in-advance can be done 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.

Please note that transfers made on Internet Banking and Mobile Banking can take up to 24 hours to process. For immediate transfers please call us on 13 25 85 or visit a branch.

2. The Purple Basic Variable Home Loan has a single application fee of $445. This includes property valuation costs up to $300. Other costs (including government fees and charges) may apply. Additional fees may apply if property valuation costs exceed $300.

You should consider whether this product is appropriate for your situation.

Beyond Bank Australia Limited ABN 15 087 651 143 AFSL/Australian Credit Licence 237856.

Back to top

Share this page