Interest Rate Per Annum


Comparison Rate



First Rate Home Loan

  • Variable interest Rate
  • Owner Occupied
  • LVR of 80% or less
  • Maximum Loan Term of 30 Years
  • One-off establishment fee
  • No ongoing fees

  • Key features and benefits

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    Redraw Available

    $500 minimum

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    Flexible-Repayment Options

    Weekly, Fortnightly or Monthly

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    About Us

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    How Your Family Can Help

    Getting a foot on the property ladder is increasingly difficult for first home buyers, and many look to help from their families to pull together a deposit sooner. There are many options available, including our innovative First Start, a Shared Equity Agreement (SEA), which allows someone to contribute money towards a home, in return for shared equity in the property.

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    • Rates & Fees
      First Rate Home Loan #
      Interest Rates LVR 80% or less LVR between 80% - 90% LVR greater than 90%
      Owner Occupied
      Variable Interest Rate 3.65% p.a. 3.85% p.a. 3.95% p.a.
      Comparison Rate 1 3.70% p.a. 3.90% p.a. 4.00% p.a.
      Comparison Rate for First Home Buyers 1 3.66% p.a. 3.86% p.a. 3.96% p.a.
      Establishment Fees ^ $600 $600 $600
      Redraw Fees $0 $0 $0
      Administration Fees $0 $0 $0
    • Home Loan Key Facts Sheet

      A Home Loan Key Facts Sheet is an easy way to help you understand and compare home loans.

      Generate a Home Loan Key Facts Sheet
      A Key Facts Sheet provides you with loan information in a standardised format which allows you to compare different home loans.

      Use our Home Loan Calculator to figure out how much you can borrow and what your repayments may be.

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    Bank First

    We’re here for the people who build our communities

    Here at Bank First, we’re owned by our customers, which means we put you first.

    Founded in 1972 by a group of teachers, we’ve always been focussed on providing exceptional service to the people who build our communities – educators, healthcare workers and those who put others first. 

    Our 97% customer satisfaction rating* reflects our commitment to providing a better banking experience. Isn’t it time you joined a bank you can be proud of?

    *Based on our internal monthly customer surveys in 2017.
    #Minimum Loan Amount $150,000.
    ^Establishment fee is waived for First Home Buyer Package customers and First Rate Home Loan first home buyers.

    Important Information
    Home Loan Interest Rates effective 21 June 2019. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
    1. Comparison rate calculated on a secured loan amount of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Fees and charges apply. Terms and conditions available upon request.