Purple Basic Variable Home Loan.^

2.54 percent per annum
Interest Rate
2.57 percent per annum
Comparison Rate
A variable home loan rate for owner-occupied home loans less than 70% LVR.

A simple home loan with low interest rate, offering great value.

Low interest rate.

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

redraw

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

Benefits.

  • Borrow up to 70% of the value of the security property
  • Loan terms up to 30 years. Maximise your loan term and minimise your regular repayments
  • Redraw option. Withdraw any extra repayments you have made, or you could enjoy a repayment holiday1
  • Flexible principal and interest repayment options. Make additional repayments without penalty and choose your payment frequency from weekly to monthly.

Interest rates.

Home Loan Interest Rate p.a. Comparison Rate p.a.
Purple Basic Variable Home Loan <70% LVR 2.54% 2.57%

Fees and charges.

Application fee² $445
Discharge fee $350

View our Fees and Charges Guide for the full details. Other up-front fees including government charges may apply based on the loan and application type and can be advised on application.

How to apply.

Start application.

If you’re looking to buy, invest or refinance, start your home loan application online. It takes about 15 minutes and you’ll be asked to provide details of your income, assets and expenses.

 

Speak to a Lending Specialist.

Once we receive your application, a Lending Specialist will contact you to confirm eligibility, next steps and answer any questions you may have.

Assessment & evaluation.

To assess your loan, we’ll need to verify your details and obtain supporting documents, such as payslips and bank statements. Your Lending Specialist will support you through the process.

Approval.

The most exciting stage! If your loan is approved, it’s time to sign your loan documents and finalise the settlement.

Still have questions about our home loans?

If you would like to know more about the home loan process, have a chat with one of our experienced loan specialists today.
Talk to a home loan specialist
Check out the most frequently asked questions about home loans.
Visit FAQs
services
Our friendly Customer Relationship Centre staff are here to assist you. Monday - Friday 8.00am - 8.00pm, Saturday 9.00am - 3.00pm ACST.
Call us / 13 25 85

Who can apply?

This loan is available for customers aged 18 years and over.  Must be an Australian citizen, permanent Australian resident or hold a Visa. If a Visa holder's income is relied upon to determine serviceability, the term of the Visa must exceed the term of the loan. When you acquire this product you will automatically become a member of Beyond Bank Australia and become part-owner of the bank.

Lenders' Mortgage Insurance.

With the support of Lenders’ Mortgage Insurance (LMI), Beyond Bank may be able to accept a smaller deposit and provide a home loan to you that might not otherwise be available.

Other home loans you might like.

Total Home Loan Package.

A home loan with options and benefits to suit you with fixed and variable rates.

Standard Home Loans.

We give you a premium home loan with a raft of handy extras that makes it easy to purchase your new home or refinance your existing mortgage.
Find out more

Interest rates are current as at 23/12/2020. Interest rates are subject to change without notice. 

* 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 70% on eligible owner-occupied and residential investment 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, multiple security, 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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