• Bank First announces a change to interest rates effective from 25 March 2020. Find out more

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Premier Package Home Loan

Property Investment

3.48 % p.a.

Variable interest rate

3.91 % p.a.

Comparison rate1

  • Investment
  • Loans with an LVR of 80% or less

3.48 % p.a.

Variable interest rate

3.91 % p.a.

Comparison rate1

  • Investment
  • Loans with an LVR of 80% or less

Whether you’re building a home, buying an established property or investing, the Premier Package Home Loan gives you the best value. It’s the whole package with discounted fees, rates, multiple offset accounts7 and a redraw facility.

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

  • $0 Home Loan Establishment Fee

  • Discount off Standard Home Loan variable interest rates.

  • Multiple offset accounts.

  • You will have the Personal Loan Establishment Fee waived.

  • Premium CGU insurance policies at competitive prices.3

  • If you choose to switch between our Home Loan products, benefit from a discounted Switching Fee of only $150.

  • No transaction fees.5

  • Ability to borrow up to 85% LVR with no LMI.4

  • Interest calculated daily and charged monthly in arrears.

  • Use our Visa Platinum Credit Card with no annual fee.

  • Rates & Fees
    Premier Package Home Loan
    Interest Rates LVR 80% or less LVR between 80% - 90% LVR greater than 90%
    Investment
    Variable Interest Rate 3.48% p.a. 3.68% p.a. 3.78% p.a.
    Comparison Rate 1 3.91% p.a. 4.10% p.a. 4.20% p.a.
    Fixed Interest Rate 1-5 Years Yes, refer to Interest Rates Page
    Fees
    Premier Package Home Loan Fee $390 annual fee $390 annual fee $390 annual fee
    Establishment Fees $0 $0 $0
    Administration Fees 6 $0 $0 $0
    Security Administration Fee $400 $400 $400
  • More Info

    Offset Facility - Multiple Accounts

    The offset facility is a separate account used in conjunction with your home loan account. With 100% offset, we deduct your transaction account balance from your Home Loan balance and you only pay interest on the reduced amount. For example, if the amount borrowed is $200,000 and the balance of the offset account is $20,000, interest will only be calculated on $180,0008.

    Repayments

    Principal and interest repayments.
    We also offer Interest Only repayments for 1-5 year terms. Conditions apply.

    Loan to Value Ratio (LVR)

    Lenders Mortgage Insurance (LMI) is only required if the loan exceeds 80% of the property value or 85% for Premier Package Home Loan holders where approval conditions are met. These conditions include applicants to be employed in the Education sector, owner occupied only, no equity release with refinanced loans, no off the plan or construction loans, standard security types, some postcode restrictions apply. LMI protects the lender. Loans of up to 95% Loan to Value Ratio (LVR) can be approved, subject to meeting LMI approval conditions and may be extended to 98% inclusive of LMI fee capitalisation for First Home Buyers.

  • 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.

 Ready to Apply

Buying a home is a journey you shouldn’t go through alone. Our lending specialists are here to provide help for teachers buying homes and anyone else in the property market.

We'll guide you through the buying process from application to settlement and review your unique circumstances to recommend the best loan for your needs.

Important Information
Home Loan Interest Rates effective 25 March 2020.
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.
2. Applicants who decide not to proceed with the loan may incur establishment fees.
3. General insurance is issued by Insurance Australia Limited ABN 11 000 016 722, AFSL 227 681 trading as CGU Insurance. In arranging this insurance, Victoria Teachers Limited ABN 44 087 651 769, AFSL 240 960 acts under an agreement with CGU, not as your agent. This information does not take into consideration your objectives, financial situation or needs. Therefore you should firstly consider the appropriateness of this information and refer to the Terms and Conditions or relevant Product Disclosure Statement (PDS) before acquiring a product, available by calling 1300 654 166. We receive commission on these insurance products as a percentage of the premium price for each policy ranging from 5-35%.
4. Lenders Mortgage Insurance (LMI) is only required if the loan exceeds 80% of the property value or 85% for Premier Package Home Loan holders where approval conditions are met. These conditions include applicants to be employed in the Education sector, owner occupied only, no equity release with refinanced loans, no off the plan or construction loans, standard security types, some postcode restrictions apply. LMI protects the lender. Loans of up to 95% Loan to Value Ratio (LVR) can be approved, subject to meeting LMI approval conditions and may be extended to 98% inclusive of LMI fee capitalisation for First Home Buyers.
5. Other fees and charges may apply.
6. An Administration Fee applies to home loans for the purpose of construction. Refer Terms & Conditions Part B Fees & Charges.
7. Not available during fixed interest rate period. When you link a transaction account to an offset facility, you earn no interest under the transaction account even if the balance of the transaction account exceeds the loan balance.