The Bare Essentials Variable Home Loan

The Bare Essentials variable rate (P&I) home loan For owner occupied P&I home loans
6.24%p.a. Variable interest rate
6.34%p.a. Comparison rate*

What’s included

No Ongoing Fees

Set and forget with no ongoing or annual fees on your home loan.

Transaction Account

Make easy loan repayments from your Everyday banking account, with no monthly fees and a Visa Debit Card1.

Redraw Facility

Enjoy the flexibility of making extra payments and you can redraw your funds when you need them^.

Split Loan Option

Slice and dice your home loan, with fixed and variable options. By combining the two, you can enjoy the security of a fixed rate and the flexibility of a variable.

Rates & Fees

The Bare Essentials Owner Occupied 

Loan Type Interest Rate Comparison Rate*
Principal & Interest
6.24% p.a. 6.34% p.a.
Interest Only
6.74% p.a. 6.84% p.a.

The Bare Essentials Residential Investment

Loan Type Interest Rate Comparison Rate*
Principal & Interest
6.49% p.a. 6.59% p.a.
Interest Only
6.74% p.a. 6.84% p.a.

Interest & Fees

  • Application fee: $600
  • Valuation fee: At cost (minimum $149) payable at funding for costs incurred in obtaining a valuation
  • Legal fees: at cost (minimum $440) payable
  • Other fees may apply
  • Staff assisted redraw fee: $50
  • We’re also waiving the $6 monthly account keeping fee on the Everyday account while the Bare Essentials home loan is held (other fees and charges may apply).

Important documents:

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It’s easy to apply online.

Here’s what you’ll need to apply online

  • Be at least 18 years of age or older
  • Be an Australian citizen, permanent resident, or have a valid visa
  • Receive a regular income
  • Have your membership number if you already bank with us

What you’ll need.

  • An email address and contact number
  • Member number (If you’re already a customer)
  • Australian driver’s licence, Medicare or passport details
  • Employment and income details
  • Details of your assets, expenses and liabilities

Important notes

1. All loan repayments must be made from the Everyday Transaction account. The $6 monthly account keeping fee is waived while the home loan is held.
^$50 staff assisted fee applies

Eligibility criteria, T&C’s, fees and charges apply for loan products for more information refer to

*Comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Eligibility criteria, terms & conditions, fees & charges apply. Please refer to the Fees and Charges.

Grandfathered Fees & Transactions

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