Interest
6.38%p.a.
Comparison*
6.38%p.a.
Est. repayment
$3,121
LVR ≤60%
Bank Australia Home Loan Rates
Bank Australia lifted its variable home-loan rates by 0.25 percentage points from 15 October 2026, Ratesniffers records. Every lender's date is in the RBA rate pass-through tracker.
Tracked products
248
Variable product example
6.39%
A verified Bank Australia product example is Basic Home Loan <=80% LVR Owner Occupied P&I: 6.39% p.a. (6.39% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Fixed product example
—
Check the product rates and conditions in the table. A verified example for this loan scenario is unavailable.
Variable example comparison
6.39%
A verified Bank Australia product example is Basic Home Loan <=80% LVR Owner Occupied P&I: 6.39% p.a. (6.39% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
Last updated
1 November 2026
Bank Australia is a customer-owned mutual bank with a strong sustainability focus, the only Australian bank that publishes a list of industries it refuses to lend to (including fossil fuels). Its Premium Home Loan Package bundles offset and redraw, and its mortgage book funds clean-energy and conservation projects.
What are Bank Australia home loan rates?
Ratesniffers compares Bank Australia home loan products by comparison rate. A verified Bank Australia product example is Basic Home Loan <=80% LVR Owner Occupied P&I: 6.39% p.a. (6.39% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Compare Bank Australia against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest Bank Australia home loan rate?
A verified Bank Australia product example is Basic Home Loan <=80% LVR Owner Occupied P&I: 6.39% p.a. (6.39% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. These selected examples do not establish the lowest rate across every product or borrower scenario.
How many home loan products does Bank Australia offer?
Ratesniffers currently tracks 248 Bank Australia home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
Bank Australia home loan rates at a glance
| Product type | Rate | Comparison rate | Max LVR |
|---|---|---|---|
| Variable Owner-occupier P&I | 6.38% p.a. | 6.38% p.a. | 60% |
| Variable Owner-occupier P&I | 6.38% p.a. | 6.38% p.a. | 70% |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.39% p.a. | n/a |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.39% p.a. | n/a |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.39% p.a. | n/a |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.39% p.a. | 80% |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.39% p.a. | 98% |
| Variable Investor P&I | 6.54% p.a. | 6.54% p.a. | 90% |
| Variable Investor P&I | 6.54% p.a. | 6.54% p.a. | 90% |
| Variable Investor P&I | 6.54% p.a. | 6.54% p.a. | n/a |
| Variable Owner-occupier P&I | 6.38% p.a. | 6.56% p.a. | 60% |
| Variable Owner-occupier P&I | 6.38% p.a. | 6.56% p.a. | 70% |
60 of 248 tracked Bank Australia home loan products
Interest
6.38%p.a.
Comparison*
6.38%p.a.
Est. repayment
$3,121
LVR ≤70%
Interest
6.39%p.a.
Comparison*
6.39%p.a.
Est. repayment
$3,124
LVR 70 to 80%
Interest
6.39%p.a.
Comparison*
6.39%p.a.
Est. repayment
$3,124
LVR not stated
Interest
6.39%p.a.
Comparison*
6.39%p.a.
Est. repayment
$3,124
LVR 70 to 80%
Interest
6.39%p.a.
Comparison*
6.39%p.a.
Est. repayment
$3,124
LVR ≤80%
Interest
6.39%p.a.
Comparison*
6.39%p.a.
Est. repayment
$3,124
LVR ≤98%
Interest
6.54%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,174
LVR 70 to 80%
Interest
6.54%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,174
LVR 70 to 80%
Interest
6.54%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,174
LVR not stated
Interest
6.38%p.a.
Comparison*
6.56%p.a.
Est. repayment
$3,121
LVR ≤60%
Interest
6.38%p.a.
Comparison*
6.56%p.a.
Est. repayment
$3,121
LVR ≤70%
Interest
6.59%p.a.
Comparison*
6.59%p.a.
Est. repayment
$3,190
LVR ≤60%
Interest
6.59%p.a.
Comparison*
6.59%p.a.
Est. repayment
$3,190
LVR ≤70%
Interest
6.59%p.a.
Comparison*
6.59%p.a.
Est. repayment
$3,190
LVR ≤80%
Interest
6.43%p.a.
Comparison*
6.61%p.a.
Est. repayment
$3,137
LVR ≤80%
Interest
6.43%p.a.
Comparison*
6.61%p.a.
Est. repayment
$3,137
LVR ≤98%
Interest
6.64%p.a.
Comparison*
6.64%p.a.
Est. repayment
$3,207
LVR ≤90%
Interest
6.49%p.a.
Comparison*
6.67%p.a.
Est. repayment
$3,157
LVR ≤60%
Interest
6.54%p.a.
Comparison*
6.72%p.a.
Est. repayment
$3,174
LVR ≤70%
Interest
6.74%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,240
LVR 70 to 80%
Interest
6.74%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,240
LVR 70 to 80%
Interest
6.74%p.a.
Comparison*
Not available
Est. interest only / month
$2,808
LVR ≤60%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.74%p.a.
Comparison*
6.60%p.a.
Est. repayment
$3,240
LVR ≤60%
Interest
6.74%p.a.
Comparison*
6.60%p.a.
Est. repayment
$3,240
LVR ≤70%
Interest
6.74%p.a.
Comparison*
6.65%p.a.
Est. repayment
$3,240
LVR ≤80%
Interest
6.74%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,240
LVR ≤60%
Interest
6.74%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,240
LVR ≤70%
Interest
6.74%p.a.
Comparison*
6.43%p.a.
Est. repayment
$3,240
LVR ≤80%
Interest
6.59%p.a.
Comparison*
6.77%p.a.
Est. repayment
$3,190
LVR ≤80%
Interest
6.79%p.a.
Comparison*
6.46%p.a.
Est. repayment
$3,256
LVR 70 to 80%
Interest
6.79%p.a.
Comparison*
6.61%p.a.
Est. repayment
$3,256
LVR 70 to 80%
Interest
6.79%p.a.
Comparison*
6.46%p.a.
Est. repayment
$3,256
LVR 70 to 80%
Interest
6.79%p.a.
Comparison*
6.61%p.a.
Est. repayment
$3,256
LVR 70 to 80%
Interest
6.79%p.a.
Comparison*
Not available
Est. interest only / month
$2,829
LVR 70 to 80%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.79%p.a.
Comparison*
Not available
Est. interest only / month
$2,829
LVR ≤70%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.79%p.a.
Comparison*
6.70%p.a.
Est. repayment
$3,256
LVR ≤60%
Interest
6.79%p.a.
Comparison*
6.75%p.a.
Est. repayment
$3,256
LVR ≤70%
Interest
6.79%p.a.
Comparison*
6.79%p.a.
Est. repayment
$3,256
LVR ≤80%
Interest
6.79%p.a.
Comparison*
6.65%p.a.
Est. repayment
$3,256
LVR ≤60%
Interest
6.79%p.a.
Comparison*
6.65%p.a.
Est. repayment
$3,256
LVR ≤70%
Interest
6.79%p.a.
Comparison*
6.69%p.a.
Est. repayment
$3,256
LVR ≤80%
Interest
6.79%p.a.
Comparison*
6.61%p.a.
Est. repayment
$3,256
LVR ≤60%
Interest
6.79%p.a.
Comparison*
6.61%p.a.
Est. repayment
$3,256
LVR ≤70%
Interest
6.79%p.a.
Comparison*
6.61%p.a.
Est. repayment
$3,256
LVR ≤80%
Interest
6.79%p.a.
Comparison*
6.46%p.a.
Est. repayment
$3,256
LVR ≤60%
Interest
6.79%p.a.
Comparison*
6.46%p.a.
Est. repayment
$3,256
LVR ≤70%
Interest
6.79%p.a.
Comparison*
6.47%p.a.
Est. repayment
$3,256
LVR ≤80%
Interest
6.64%p.a.
Comparison*
6.82%p.a.
Est. repayment
$3,207
LVR ≤90%
Interest
6.84%p.a.
Comparison*
6.64%p.a.
Est. repayment
$3,273
LVR 70 to 80%
Interest
6.84%p.a.
Comparison*
6.64%p.a.
Est. repayment
$3,273
LVR 70 to 80%
Interest
6.84%p.a.
Comparison*
Not available
Est. interest only / month
$2,850
LVR ≤80%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.84%p.a.
Comparison*
6.74%p.a.
Est. repayment
$3,273
LVR ≤60%
Interest
6.84%p.a.
Comparison*
6.78%p.a.
Est. repayment
$3,273
LVR ≤70%
Interest
6.84%p.a.
Comparison*
6.82%p.a.
Est. repayment
$3,273
LVR ≤80%
Interest
6.84%p.a.
Comparison*
Not available
Est. interest only / month
$2,850
LVR ≤60%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.84%p.a.
Comparison*
Not available
Est. interest only / month
$2,850
LVR ≤70%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.84%p.a.
Comparison*
Not available
Est. interest only / month
$2,850
LVR ≤80%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.84%p.a.
Comparison*
6.84%p.a.
Est. repayment
$3,273
LVR ≤90%
Interest
6.84%p.a.
Comparison*
6.64%p.a.
Est. repayment
$3,273
LVR ≤60%
*Important Information and Comparison Rate Warning
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Bank Australia home loan repayment calculator
The starting interest input uses this selected Bank Australia product example: Basic Home Loan <=80% LVR Owner Occupied P&I: 6.39% p.a. (6.39% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 80%), as of 20 October 2026. Change the loan amount, rate or term to model your own mortgage. Repayments are principal and interest estimates, assume the entered rate remains unchanged, and exclude fees. Changes to these inputs do not establish product eligibility or approval.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The amount you want to borrow.
Use the interest rate, not the comparison rate. Change it to model an actual offer or your own scenario.
Use the term in your offer or choose the number of years to model.
Monthly repayment
$3,124
Fortnightly repayment
$1,442
Total interest
$624,732
30 years at 6.39% (P&I)
For a fuller model, use the repayment calculator, see how extra payments change the balance with the extra repayments calculator, or check what you can borrow with the borrowing power calculator.
Who is Bank Australia?
Bank Australia is the customer-owned bank behind the 'clean money' idea: its responsible banking policy rules out lending to fossil fuels, gambling, tobacco, live animal export and weapons. It began in 1957 as the CSIRO staff credit union, grew through mergers of more than 70 credit unions into bankmecu, and took the Bank Australia name in 2015.
It is a certified B Corp (since 2020), and its home-loan range includes discounted rates for energy-efficient homes through its Clean Energy Home Loan.
Who suits a Bank Australia home loan?
Bank Australia tends to suit borrowers who want their mortgage to sit with an ethically screened, customer-owned lender, and buyers of energy-efficient homes who can qualify for its green rate discounts. Values do not automatically mean the sharpest price, so check its position in the live table above.
Background facts checked 5 September 2026. Rates above refresh independently.
Bank Australia fees, offset and limits at a glance
- Application or establishment fee
- No establishment fee
- Discharge fee
- $275
- Settlement fee
- $0
- Additional valuation fee
- $0
- Rate lock fee
- Fee 0.10% of the approved loan amount. Min fee payable $50.
- Loan portability
- $500, new mortgage, no fee for existing mortgage
- Offset account
- 100% on Offset Home Loans range
- Minimum offset balance
- $1
- Lenders mortgage insurer
- QBE
- Capitalising LMI
- 95% plus capitalised LMI amount. Construction 90% inc LMI. Investment max 90% LVR
- Extra repayments on fixed
- Up to $30k pa
- When the fixed rate is locked
- Rate lock fixed rate will be applied at settlement or current fixed rate at time of settlement will be…
Checked 8 Oct 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.
Sources checked 5 September 2026: www.bankaust.com.au, www.bankaust.com.au, www.bankaust.com.au.
Bank Australia home loans: frequently asked questions
What are Bank Australia home loan rates?
Ratesniffers compares Bank Australia home loan products by comparison rate. A verified Bank Australia product example is Basic Home Loan <=80% LVR Owner Occupied P&I: 6.39% p.a. (6.39% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Compare Bank Australia at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments, use /calculators/extra-repayment.
What is the lowest Bank Australia home loan rate?
A verified Bank Australia product example is Basic Home Loan <=80% LVR Owner Occupied P&I: 6.39% p.a. (6.39% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. These selected examples do not establish the lowest rate across every product or borrower scenario.
What is the monthly repayment on a $600,000 Bank Australia home loan?
For a hypothetical $600,000 principal-and-interest loan over 30 years, keeping this variable interest rate unchanged gives about $3,749 a month before fees. The selected source example is Basic Home Loan <=80% LVR Owner Occupied P&I: 6.39% p.a. (6.39% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 80%), as of 20 October 2026. Variable rates can change; this calculation does not establish eligibility or approval. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years. Use /calculators/repayment to model your own amount and term.
How much do you need to earn for a $500,000 Bank Australia home loan?
There is no single salary requirement for a Bank Australia home loan. The lender assesses income, expenses, debts and repayment capacity. APRA's residential mortgage framework generally requires governed authorised deposit-taking institutions to apply a minimum 3 percentage point buffer above the payable interest rate, ignoring temporary introductory discounts, with prudent limited policy exceptions. This does not establish Bank Australia's actual assessment rate or approval criteria. Confirm the applicable lender policy and use /calculators/income-required for an illustrative estimate, not approval.
How does Bank Australia's home loan rate compare to the market?
A verified Bank Australia product example is Basic Home Loan <=80% LVR Owner Occupied P&I: 6.39% p.a. (6.39% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band up to 80%), as of 20 October 2026. Across 30 covered listed lenders, the median advertised interest rate of one selected owner-occupier principal-and-interest variable example per lender at 80% LVR is 6.44% p.a., as of 20 October 2026. This describes those selected examples, not the whole market or rates approved for borrowers. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
How many home loan products does Bank Australia offer?
Ratesniffers currently tracks 248 Bank Australia home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is Bank Australia competitive for refinancing?
Compare Bank Australia's available product conditions and total costs with your existing loan. A listed rate does not establish refinance eligibility. Allow for discharge, establishment and any fixed-loan early repayment costs, and confirm applicable lender terms before switching. Compare the table with /home-loans/refinance.
How often are Bank Australia's home loan rates updated?
Ratesniffers refreshes Bank Australia's home loan rates daily; this page was last updated 1 November 2026. Rates can change whenever Bank Australia reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.
How long does Bank Australia take to approve a home loan?
Bank Australia says the initial application takes about 20 minutes, and if the details check out it can offer conditional approval (pre-approval) at that point. Formal approval follows once it verifies your credit score and financial position and completes a property valuation, and the bank says to allow up to 10 days. All applications remain subject to credit assessment.
Does Bank Australia offer an offset account, and what does it cost?
Yes. Bank Australia's Offset Home Loan includes a 100% mortgage offset account with no monthly account keeping fee and no establishment fee. The loan carries a $199 annual fee, payable in advance and debited to the loan balance on funding and then each anniversary. On fixed rate loans the offset is capped at $20,000 with one linked account.
What fees does Bank Australia charge on a home loan?
Bank Australia charges no establishment, annual, redraw or first valuation fee on its Basic Home Loan, and a mortgage discharge fee of $275 plus government fees applies across its home loans. The Offset Home Loan and Clean Energy Home Loan carry a $199 annual fee with a $0 monthly offset account fee. The Bridging Loan has a $595 establishment fee.