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Interest Rates

View our fixed and variable interest rates for all Bank First Loans including Home Loans, Car Loans, Personal Loans and Credit Cards.

Home Loans

Interest Rates for Home Loans are determined by your loan purpose (owner occupied or investment), variable or fixed rate options and the Loan to Value Ratio (LVR). 

LVR is the initial amount you are borrowing, represented as a percentage of the value of the asset you are purchasing. For example, a loan of $400,000 to buy a property worth $500,000 results in a LVR of 80%. Home loan rates are set based on the initial LVR at the time of purchase and don’t change because of changes to the LVR during the life of the loan. Interest rates apply to new lending only.

Owner Occupied Home Loans

  • Principal and Interest

    LVR up to 60%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    6.04%

    6.07%

    Complete Home Loan

    6.14%

    6.17%

    Premier Package Home Loan

    6.43%

    6.80%

    LVR above 60% - 80%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    6.19%

    6.22%

    Complete Home Loan

    6.29%

    6.32%

    Premier Package Home Loan - 3 Year Intro Rate9

    6.35%

    6.95%

    Premier Package Home Loan

    6.68%

    7.05%

    LVR above 80% - 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    6.49%

    6.52%

    Complete Home Loan

    6.59%

    6.62%

    Premier Package Home Loan

    6.93%

    7.29%

    LVR above 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    6.99%

    7.02%

    Complete Home Loan

    7.09%

    7.12%

    Premier Package Home Loan

    7.48%

    7.83%

     

    Interest only - Construction loans

    LVR up to 80%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Complete Home Loan - Construction

    6.54%

    6.35%

    Premier Package Home Loan - Construction

    6.93%

    7.07%

    LVR above 80% - 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Complete Home Loan - Construction

    6.84%

    6.65%

    Premier Package Home Loan - Construction

    7.18%

    7.32%

    LVR above 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Complete Home Loan - Construction

    7.34%

    7.15%

    Premier Package Home Loan - Construction

    7.73%

    7.86%

     

  • Principal and Interest: Premier Package Home Loan

    LVR up to 80%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.09%

    6.98%

    2 Years

    6.09%

    6.93%

    3 Years

    6.09%

    6.88%

    4 Years

    6.45%

    6.96%

    5 Years

    6.45%

    6.94%

    LVR above 80% - 90%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.19%

    7.21%

    2 Years

    6.19%

    7.14%

    3 Years

    6.29%

    7.11%

    4 Years

    6.65%

    7.19%

    5 Years

    6.65%

    7.17%

    LVR above 90%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.19%

    7.69%

    2 Years

    6.19%

    7.57%

    3 Years

    6.29%

    7.48%

    4 Years

    6.65%

    7.52%

    5 Years

    6.65%

    7.46%

     

    Principal and Interest: Complete Home Loan

    LVR up to 80%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.19%

    6.31%

    2 Years

    6.19%

    6.30%

    3 Years

    6.19%

    6.30%

    4 Years

    6.55%

    6.42%

    5 Years

    6.55%

    6.44%

    LVR above 80% - 90%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.29%

    6.59%

    2 Years

    6.29%

    6.56%

    3 Years

    6.39%

    6.57%

    4 Years

    6.75%

    6.68%

    5 Years

    6.75%

    6.70%

    LVR above 90%

     

    Interest rate (p.a.),2

    Comparison Rate (p.a.)1

    1 Year

    6.29%

    7.04%

    2 Years

    6.29%

    6.96%

    3 Years

    6.39%

    6.92%

    4 Years

    6.75%

    7.00%

    5 Years

    6.75%

    6.97%

     

Investment Home Loans

  • Principal and Interest

    LVR up to 60%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    6.29%

    6.32%

    Complete Home Loan

    6.39%

    6.42%

    Premier Package Home Loan

    6.73%

    7.09%

    LVR above 60% - 80%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    6.39%

    6.42%

    Complete Home Loan

    6.49%

    6.52%

    Premier Package Home Loan - 3 Year Intro Rate9

    6.46%

    7.16%

    Premier Package Home Loan

    6.93%

    7.29%

    LVR above 80% - 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    6.89%

    6.92%

    Complete Home Loan

    6.99%

    7.02%

    Premier Package Home Loan

    7.43%

    7.79%

    LVR above 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    7.49%

    7.52%

    Complete Home Loan

    7.59%

    7.63%

    Premier Package Home Loan

    7.98%

    8.33%

     

    Interest only

    LVR up to 60%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    6.54%

    6.43%

    Complete Home Loan

    6.64%

    6.54%

    Premier Package Home Loan

    6.98%

    7.21%

    LVR above 60% - 80%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    6.64%

    6.54%

    Complete Home Loan

    6.74%

    6.64%

    Premier Package Home Loan

    7.18%

    7.40%

    LVR above 80% - 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    7.14%

    7.04%

    Complete Home Loan

    7.24%

    7.14%

    Premier Package Home Loan

    7.68%

    7.90%

    LVR above 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Basic Home Loan

    7.74%

    7.64%

    Complete Home Loan

    7.84%

    7.74%

    Premier Package Home Loan

    8.23%

    8.45%

     

    Interest only - Construction

    LVR up to 80%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Complete Home Loan - Construction

    6.74%

    6.55%

    Premier Package Home Loan - Construction

    7.18%

    7.32%

    LVR above 80% - 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Complete Home Loan - Construction

    7.24%

    7.05%

    Premier Package Home Loan - Construction

    7.68%

    7.81%

    LVR above 90%

     

    Interest rate (p.a.)*

    Comparison Rate (p.a.)1

    Complete Home Loan - Construction

    7.84%

    7.65%

    Premier Package Home Loan - Construction

    8.23%

    8.36%

     

  • Principal and Interest: Premier Package Home Loan

    LVR up to 80%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.29%

    7.22%

    2 Years

    6.34%

    7.17%

    3 Years

    6.34%

    7.12%

    4 Years

    6.75%

    7.22%

    5 Years

    6.75%

    7.21%

    LVR above 80% - 90%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.49%

    7.68%

    2 Years

    6.54%

    7.60%

    3 Years

    6.64%

    7.55%

    4 Years

    7.05%

    7.64%

    5 Years

    7.05%

    7.61%

    LVR above 90%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.49%

    8.16%

    2 Years

    6.54%

    8.03%

    3 Years

    6.64%

    7.93%

    4 Years

    7.05%

    7.97%

    5 Years

    7.05%

    7.90%

     

    Principal and Interest: Complete Home Loan

    LVR up to 80%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.39%

    6.51%

    2 Years

    6.44%

    6.51%

    3 Years

    6.44%

    6.51%

    4 Years

    6.85%

    6.66%

    5 Years

    6.85%

    6.68%

    LVR above 80% - 90%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.59%

    6.98%

    2 Years

    6.64%

    6.95%

    3 Years

    6.74%

    6.95%

    4 Years

    7.15%

    7.08%

    5 Years

    7.15%

    7.10%

    LVR above 90%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.59%

    7.52%

    2 Years

    6.64%

    7.43%

    3 Years

    6.74%

    7.37%

    4 Years

    7.15%

    7.46%

    5 Years

    7.15%

    7.42%

     

    Interest only: Premier Package Home Loan

    LVR up to 80%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.44%

    7.24%

    2 Years

    6.49%

    7.20%

    3 Years

    6.49%

    7.16%

    4 Years

    6.90%

    7.28%

    5 Years

    6.90%

    7.28%

    LVR above 80%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.64%

    7.70%

    2 Years

    6.69%

    7.63%

    3 Years

    6.79%

    7.60%

    4 Years

    7.20%

    7.70%

    5 Years

    7.20%

    7.68%

     

    Interest only: Complete Home Loan

    LVR up to 80%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.54%

    6.53%

    2 Years

    6.59%

    6.54%

    3 Years

    6.59%

    6.55%

    4 Years

    7.00%

    6.71%

    5 Years

    7.00%

    6.75%

    LVR above 80%

     

    Interest rate (p.a.)2

    Comparison Rate (p.a.)1

    1 Year

    6.74%

    7.00%

    2 Years

    6.79%

    6.98%

    3 Years

    6.89%

    7.00%

    4 Years

    7.30%

    7.14%

    5 Years

    7.30%

    7.16%

     

Car Loans

Interest Rates for Car Loans are determined by your choice of variable rate or fixed rate options.

  • Promotional

     

    Interest rate (p.a.)7

    Comparison Rate (p.a.)9,7

    New Car Loan

    6.79%

    8.12%6

    Used Car Loan

    7.79%

    9.13%5

    Green Car Loan

    6.29%

    7.62%6

    Standard

     

    Interest rate (p.a.)

    Comparison Rate (p.a.)9

    New Car Loan

    9.79%

    10.07%6

    Used Car Loan

    10.79%

    12.16%5

    Green Car Loan

    9.29%

    9.57%6

     

  • New Car Loan

     

    Promotional Interest rate (p.a.)7

    Promotional Comparison Rate (p.a.)7,9

    Interest rate (p.a.)6

    Comparison Rate (p.a.)9

    1 Year

    6.79%

    8.94%6

    9.79%

    10.07%6

    2 Years

    6.79%

    8.10%6

    9.79%

    10.07%6

    3 Years

    6.79%

    7.52%6

    9.79%

    10.07%6

    4 Years

    6.79%

    7.18%6

    9.79%

    10.07%6

    5 Years

    6.79%

    7.06%6

    9.79%

    10.07%6

    Used Car Loan

     

    Promotional Interest rate (p.a.)7

    Promotional Comparison Rate (p.a.)7,9

    Interest rate (p.a.)6

    Comparison Rate (p.a.)9

    1 Year

    7.79%

    10.44%5

    10.79%

    12.16%5

    2 Years

    7.79%

    9.46%5

    10.79%

    12.16%5

    3 Years

    7.79%

    9.13%5

    10.79%

    12.16%5

    4 Years

    7.79%

    9.13%5

    10.79%

    12.16%5

    5 Years

    7.79%

    9.13%5

    10.79%

    12.16%5

    Green Car Loan

     

    Promotional Interest rate (p.a.)7

    Promotional Comparison Rate (p.a.)7,9

    Interest rate (p.a.)6

    Comparison Rate (p.a.)9

    1 Year

    6.29%

    8.44%6

    9.29%

    9.57%6

    2 Years

    6.29%

    7.60%6

    9.29%

    9.57%6

    3 Years

    6.29%

    7.02%6

    9.29%

    9.57%6

    4 Years

    6.29%

    6.68%6

    9.29%

    9.57%6

    5 Years

    6.29%

    6.56%6

    9.29%

    9.57%6

     

Personal Loans

Interest Rates for Personal Loans are determined by your choice of variable rate or fixed rate options.

  • Personal Loans

     

    Interest rate (p.a.)

    Comparison Rate (p.a.)3

    Personal Loan

    9.64%

    11.00%

    Green Personal Loan - This product is no longer available for new accounts

    7.25%

    8.59%

    Share Loan - This product is no longer available for new accounts

    8.15%

    9.49%

    Overdraft - This product is no longer available for new accounts

    12.79%

    N/A

     

  • Personal Loans

     

    Interest rate (p.a.)

    Comparison Rate (p.a.)3

    1-5 Years

    9.64%

    11.00%

    Green Personal Loans

     

    Interest rate (p.a.)

    Comparison Rate (p.a.)3

    1-5 Years - This product is no longer available for new accounts

    7.25%

    8.59%

    Share Loans

     

    Interest rate (p.a.)

    Comparison Rate (p.a.)3

    1-5 Years - This product is no longer available for new accounts

    8.15%

    9.49%

     

Credit Cards

Interest Rates for Credit Cards vary for purchases, cash advances and balance transfers.

  • Credit Cards

     

    Purchase Variable Rate (p.a.)

    Balance Transfer Rate (p.a.)

    Cash Advance Variable Rate (p.a.)

    Visa Platinum Credit Card (S6)

    11.49%

    11.49%

    19.59%

    Visa Classic Credit Card (S7)

    12.54%

    12.54%

    12.54%

     

Existing customer?

If you would like to know more information about the current interest rate for your loan/s with us, refer to your Loan Account details in Internet Banking; alternatively, speak to one of our lending specialists on 1300 654 822.

Call 1300 654 822
Terms and Conditions

 

Important Information

Interest is calculated daily. Interest rates are per annum, current at the time of publication and are subject to change without notice.

Bank First may charge a fee for these services and facilities. Refer to the Fees and Charges brochure, available on request. Full terms and conditions available on request.

*Interest rates apply to new lending only.

  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. Comparison rates for variable Interest Only loans are based on an initial 5-year Interest Only period. Comparison rates for fixed Interest Only loans are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan. Fees and charges apply. Terms and conditions available upon request.

  2. Rates are indicative only. Fixed Rates are fixed at the date of funding or may be fixed at the date of application by paying a fixed rate lock fee. Conditions apply.

  3. Comparison rate calculated on an unsecured loan amount of $10,000 for a term of 3 years.

  4. Comparison rate calculated on a secured loan amount of $10,000 for a term of 3 years.

  5. Comparison rate calculated on a secured loan amount of $30,000 for a term of 5 years.

  6. Rates are indicative only. Fixed rates are fixed at the date of funding.

  7. Promotional interest rates available for car loan applications received by 30 June 2021 and funded by 31 July 2021. The 3% discount is off the standard car loan rate. Lending criteria applies. We reserve the right to amend or withdraw these offers at any time.

  8. Premier Package annual fee of $390 will be waived for the first year and charged annually thereafter. Rate includes a 0.33% p.a. discount for Owner Occupied loans and 0.47% p.a. discount for Investment loans off the standard Premier Package variable rate for three years, after which it will revert to the standard Premier Package variable rate. Not available to existing Bank First owner occupied or investment home loan customers. Min loan $200k, max loan $2m, LVR up to 80% and interest only not available. Not available in conjunction with any other offer. Bank First reserves the right to amend or withdraw this offer at any time.

  9. 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 are available on request.