Helping Australians acquire housing is part of our heritage, a prime focus of our future and a key pillar of our society. Our first loan was to a single mother for a bond to acquire housing for herself and her two children, and over the last year we implemented a range of initiatives, including an Australian first, to help home buyers get into the property market.
First Rate Home Loan
To complement our home loan range, the ‘First Rate’ Home Loan was developed. The product offers our lowest variable interest rate and a simple structure for home buyers who don’t require the additional loan features that our other home loans provide.
We continue to ensure we remain competitive, with a range of benefits standard across all our home loans, including:
- No application fee.
- Free redraw.
- Flexible repayment options.
- No early repayment fees during variable rate periods.
Home First is an Australian first platform, created to help first home buyers through the home buying process, from calculating what they can afford, to identifying their property ‘needs’ and ‘wants’ and searching for available properties.
Home First is fuelled by various data sources including Domain and Australian Property Management to provide real-time property options based not only on the user’s budget and desired location, but their lifestyle aspirations as well.
In the event the home buyer is not yet financially ready to afford their desired home, Home First provides alternative property options and avenues for financial support and deposit growth.
Visit homefirst.bankfirst.com.au to find out more.
First Home Buyers’ Package
Available on our Premier Package and Complete Home Loans, our First Home Buyers’ Package also assists first time buyers with a range of special offers and discounts to help them enter the property market.
First Home Bonus Saver Account
Our First Home Bonus Saver Account provides a great way to save for a first home. There are no account keeping fees, no minimum opening deposit required and the balance is available at any time.
Customers further benefit from a competitive interest rate and when they are ready to buy, they will receive $600 cash back if their Home Loan is funded with us.
An improved loan experience
We continue to improve our loan assessment systems to enable automation and create a more consistent and efficient application process.
Our Mobile Lenders visit customers at home or work to guide them through the home buying process. This service includes reviewing their unique circumstances to recommend the home loan product that best suits their needs.
Our Broker team continues to build strong relationships with mortgage brokers and aggregators across Australia, growing our loan portfolio and promoting the benefits of our home loans to new customers.