A simple investment home loan with low interest rate, offering great value.
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
Benefits.
- Borrow up to 90% of the value of the security property
- Loan terms up to 30 years. Maximise your loan term and minimise your regular repayments
- Flexible principal and interest repayment options. Make additional repayments without penalty and choose your payment frequency from weekly to monthly
- Access your money 24/7 through Internet Banking, Telephone Banking or Mobile Banking services
- 120 day pre-approval so you can search with confidence
- Make unlimited additional repayments to your loan.
Interest rates.
| Home Loan | Interest Rate p.a. | Comparison Rate p.a.* |
|---|---|---|
| Purple Basic Variable Rate Investment Loan LVR <60% | 6.24% p.a | 6.27% p.a |
| Purple Basic Variable Rate Investment Loan LVR >60% - 80% | 6.34% p.a | 6.37% p.a |
| Purple Basic Variable Rate Investment Loan LVR >80% - 90% | 6.74% p.a | 6.77% p.a |
Home Loan - Purple Basic Variable Rate Investment Loan LVR <60%
- Interest Rate p.a.
- 6.24% p.a
- Comparison Rate p.a.*
Home Loan - Purple Basic Variable Rate Investment Loan LVR >60% - 80%
- Interest Rate p.a.
- 6.34% p.a
- Comparison Rate p.a.*
Home Loan - Purple Basic Variable Rate Investment Loan LVR >80% - 90%
- Interest Rate p.a.
- 6.74% p.a
- Comparison Rate p.a.*
Fees and charges.
Purple Basic Variable Home Loan
| 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.
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.
- Roy Morgan, Customer Satisfaction Award, Bank of the Year 2022
- 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
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 investment home loans?
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.
Other investment home loans you might like.
Interest rates are applicable to new loan applications received from 29 February 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.
* The comparison rate is calculated on a $150,000 loan with monthly repayments 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.
^ 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 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.
