• Our online and app banking will be unavailable from 10:00pm Saturday 15 May to 6:00am on Sunday 16 May 2021 for scheduled maintenance. Customers can still use their cards during this time. We apologise for any inconvenience.

Close

Standard Home Loan

3.57 % p.a.

Variable interest rate

3.62 % p.a.

Comparison rate1

  • Owner occupied
  • Loans with an LVR of 80% or less
Apply now

3.57 % p.a.

Variable interest rate

3.62 % p.a.

Comparison rate1

  • Owner occupied
  • Loans with an LVR of 80% or less
Apply now

The Home Loan that lets you live the way you want

The Standard Home Loan gives you a competitive interest rate, flexible repayments and no redraw fees.

The Details:

  • Take advantage of the 100% offset to reduce the interest on your loan.

  • Pay off your debt sooner with the flexibility to make additional repayments.

  • Take a Repayment Holiday if you need a short break from repayments.3

  • Pay off your loan early with no penalty.

  • The option of Portability lets you take your home loan with you.5

  • Loan terms up to 30 years.

  • It’s your choice whether you repay weekly, fortnightly or monthly.

  • Manage your finances easily with Interest Only available.2

  • Take advantage of free Redraw with a $500 minimum.

  • The Family Repayment Pause lets you take a breather when you are on maternity or paternity leave.4

  • There is no maximum loan amount.

  • Find out how your family could help with the deposit with our First Start Shared Equity Agreement (SEA) or Family Guarantee.5

Thinking about refinancing your home loan to get a better rate?

Calculate how much interest you could save by refinancing your home loan with Bank First. Our online calculator gives you a breakdown of your repayments, potential savings, and helps you navigate the process.

Learn more
Home First Refinance Tool

Rates & fees

  • Variable rates
    Principal & Interest
    Principal & Interest
    Interest
    rate (p.a)
    Comparison
    rate (p.a)1
    First home buyer comparison rate (p.a.)1
    LVR of 80% or less
    Interest rate (p.a)

    3.57%

    Comparison rate (p.a)1

    3.62%

    First home buyer comparison rate (p.a.)1

    3.61%

    LVR between 80% - 90%
    Interest rate (p.a)

    3.77%

    Comparison rate (p.a)1

    3.82%

    First home buyer comparison rate (p.a.)1

    3.80%

    LVR greater than 90%
    Interest rate (p.a)

    3.87%

    Comparison rate (p.a)1

    3.92%

    First home buyer comparison rate (p.a.)1

    3.90%

  • Fees
    One-off fees
    One-off fees
    Amount
    Establishment fee6
    Amount

    $300

    Administration fee7
    Amount

    $0

    Security administration fee
    Amount

    $400

    Redraw fee
    Amount

    $0

    Ongoing fees
    Ongoing fees
    Amount
    Annual fee
    Amount

    $0

How to apply

Our lending specialists are here to help teachers, educators and healthcare workers, and any customers in the market to buy a new home.

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.

Stopwatch

Apply online

Ready to apply or want a conditional pre-approval? It only takes 10 minutes to get started online.

Apply now
Call us

Call us

Speak with a home loan specialist and apply over the phone.

1300 654 822
Health

Mobile Banker

Our Mobile Bankers can visit you at home or work. Book a time with a Mobile Banker now. 

Get in touch

We're here to help

Our Mobile Lenders can visit you at home or work at a time that is suitable for you.

Get in touch
  • More info

    Offset Facility

    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 $180,000.

    Repayments

    Principal and interest repayments.

    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 or Healthcare 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.

    Security

    First mortgage over owner-occupied or investment property.

    Help Buying Your Home

    First Start is an ideal way for parents to help their child enter the property market while protecting the interests of all parties.

    Want to know more about how it works? Check out our Frequently Asked Questions


  • 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.

Important Information
Interest Rates effective 1 May 2021.
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. Monthly repayments only.
3. Loan must be in advance to enable repayment holiday.
4. Repayment pause is between 3 and 6 months and approval is required.
5. Subject to approval & conditions apply. Fees & charges apply.
6. An Establishment Fee of $950 applies to home loans for the purpose of bridging. Refer Terms & Conditions Part B Fees & Charges.
7. An Administration Fee applies to home loans for the purpose of construction. Refer Terms & Conditions Part B Fees & Charges.