Premium Options Home Loan

A variable rate home loan which gives flexibility and a choice of different payment options for owner occupied or personal purposes.
Category: Home Loans  Last Updated May 15, 2026  Effective June 3, 2026

 General Lending Rates

Rates listed below are for a VARIABLE INVESTMENT P&I product. Additional Information With Principal and Interest repayment.
Interest Rate
8.83% PA
Comparison Rate
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  INVESTMENT, VARIABLE, 9.42%
  • Lending Rate Type: Variable
  • Interest Rate: 9.42%, Comparison Rate 0.00%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment

 Product Features

  • Redraw Additional Information: The product includes redraw features
  • Other Additional Information: A variable rate loan which gives flexibility and a choice of different payment options for owner occupied purposes. The loan can be used for owner occupied residential property purchase, construction of single residential dwelling, refinancing of an existing owner occupied property loan, other investment opportunities (excluding investment property), personal purposes, refinancing of existing loans (debt consolidation)
  • Complementary Product Discounts
  • Other Additional Information: Partial Split: Premium Options Home Loan can be split into the original loan and either; one or two select variable rate or fixed rate loans.
  • Other Additional Information: Cancellation of the package : A package owner may cancel the package at any time by giving us 14 days advance notice in writing.
  • Other Additional Information: Loan Payment Method - By direct debit (DDR) is preferred
  • Other Additional Information: Substituting a security : You may ask us to accept a new mortgage over other land as a substitute for any mortgage which is security for your loan. We may agree to this if you satisfy any reasonable requirements that we have, such as repaying part of the loan amount. We will require the new mortgage to be provided at the same time that the existing mortgage is discharged. We charge a fee for substituting a mortgage or other security.
  • Other Additional Information: Statements of account : We will send you a statement of your loan account at least every six months or more frequently if you request
  • Other Additional Information: The product provides switching (from another product) feature
  • Other Additional Information: This loan can be part of a combination loan
  • Other Additional Information: The product provides options which includes BPAY, portability, progressive drawdown, repayment holiday, top-up, reduced payment, lenders mortgage insurance and premier advantage package available
  • Extra Repayments Additional Information: The product includes extra repayment features.
  • Fraud Protection Additional Information: The product includes fraud protection features.
  • Guarantor Additional Information: Subject to terms and conditions, this product includes guarantor features.
  • Relationship Management Additional Information: Relationship management is available for eligible customers.
  • Other Additional Information: Maximum loan term is up to 30 years

 Product Eligibility

  • Other Additional Information: Applicants can be Individuals, Discretionary or Family Trusts, or Companies (only available if property is occupied by company directors or beneficiaries of the trust that is not trustees)
  • Other Additional Information: This loan is only available for owner occupied purposes only that is for Purchase or refinance of Owner Occupied property, Construction/renovations/home improvements, Other investments (excluding investment property), Debt consolidation and Personal use
  • Other Additional Information: Individuals, Companies, Discretionary or Family Trusts (Individual or non-individual trustees)

 Bank Fees and Charges

  • Lending Establishment Fee (Upfront), Amount: 600.00.
  • Bank Cheque Issuance Fee (Event), Amount: 10.00. Additional Information: $10 per cheque (1st cheque is free)
  • Monthly Loan Account Fee (Periodic), Amount: 8.00.
  • Missed Payment Fee (Event), Amount: 15.00.
  • Document Processing Fee (Event), Amount: 100.00.
  • Account Overdrawn Fee (Event), Amount: 15.00.
  • Loan Discharge Fee (Event), Amount: 350.00.
  • Annual Package Fee (Periodic), Amount: 395.00. Additional Information: For customer opting for Premier Advantage Package
  • Lenders Mortgage Insurance Premium (Variable), Amount: Not Listed.. Additional Information: If your deposit is less than 20% then Lenders Mortgage Insurance is usually required. There may be other circumstances where Lenders Mortgage Insurance is also required. As Lenders Mortgage Insurance reduces bank's risk as a lender when providing a home loan, you may be able to apply for a home loan and get into your home sooner, with a lower deposit. Lenders Mortgage Insurance insures bank for any shortfall in the event that you default on your loan and if the proceeds from the property sale are not enough to pay off the loan in full. The cost of Lenders Mortgage Insurance is calculated as a percentage of the loan amount. The percentage applied will vary depending on a number of factors. Please speak to your lender if you would like to understand this process in more detail. The cost of Lenders Mortgage Insurance premium is passed on to you. We do not receive a commission on Lenders Mortgage Insurance.
  • Property Valuer Fee (Variable), Amount: Not Listed..

 Limitations & Restrictions (Constraints)

  • Min Lvr of 0.00
  • Max Lvr of 0.95
  • Min Limit of 10000.00 Additional Information: The minimum amount financed is $10,000

 Document Downloads

      pap-conditionsofuse.pdf (196 K)