Interest
6.13%p.a.
Comparison*
6.13%p.a.
Est. repayment
$3,040
LVR 70 to 80%
Bank Australia Home Loan Rates
Tracked products
253
Lowest variable
5.95%
Lowest fixed
6.34%
Lowest comparison
6.13%
Last updated
11 Sept 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?
Bank Australia home loan rates are in the live table on this page, ranked by comparison rate, with the lowest variable rate currently 5.95% p.a. and the lowest fixed rate currently 6.34% p.a., checked daily (last verified 11 Sept 2026). 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?
The lowest Bank Australia variable home loan rate Ratesniffers tracks is 5.95% p.a., and the lowest fixed rate is 6.34% p.a. These figures come from the 60 Bank Australia products on this page that pass data-quality checks, ranked by comparison rate, checked daily (last verified 11 Sept 2026).
How many home loan products does Bank Australia offer?
Ratesniffers currently tracks 253 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 | 6.13% p.a. | 6.13% p.a. | n/a |
| Variable Owner-occupier P&I | 6.13% p.a. | 6.13% p.a. | n/a |
| Variable Owner-occupier P&I | 6.13% p.a. | 6.13% p.a. | n/a |
| Variable Owner-occupier P&I | 5.95% p.a. | 6.14% p.a. | 80% |
| Variable Investor P&I | 6.09% p.a. | 6.28% p.a. | 80% |
| Fixed 1-year Owner-occupier P&I | 6.34% p.a. | 6.34% p.a. | n/a |
| Fixed 1-year Owner-occupier P&I | 6.34% p.a. | 6.34% p.a. | n/a |
| Variable Investor interest-only | 6.34% p.a. | n/a | 80% |
| Fixed 1-year Owner-occupier P&I | 6.34% p.a. | 6.34% p.a. | 60% |
| Fixed 1-year Owner-occupier P&I | 6.34% p.a. | 6.34% p.a. | 70% |
| Fixed 1-year Owner-occupier P&I | 6.34% p.a. | 6.15% p.a. | 60% |
| Fixed 1-year Owner-occupier P&I | 6.34% p.a. | 6.15% p.a. | 70% |
60 of 253 tracked Bank Australia home loan products
Interest
6.13%p.a.
Comparison*
6.13%p.a.
Est. repayment
$3,040
LVR not stated
Interest
6.13%p.a.
Comparison*
6.13%p.a.
Est. repayment
$3,040
LVR 70 to 80%
Interest
5.95%p.a.
Comparison*
6.14%p.a.
Est. repayment
$2,982
LVR ≤80%
Interest
6.09%p.a.
Comparison*
6.28%p.a.
Est. repayment
$3,027
LVR ≤80%
Interest
6.34%p.a.
Comparison*
6.34%p.a.
Est. repayment
$3,108
LVR 70 to 80%
Interest
6.34%p.a.
Comparison*
6.34%p.a.
Est. repayment
$3,108
LVR 70 to 80%
Interest
6.34%p.a.
Comparison*
Not available
Est. repayment
$3,108
LVR ≤80%
Interest
6.34%p.a.
Comparison*
6.34%p.a.
Est. repayment
$3,108
LVR ≤60%
Interest
6.34%p.a.
Comparison*
6.34%p.a.
Est. repayment
$3,108
LVR ≤70%
Interest
6.34%p.a.
Comparison*
6.15%p.a.
Est. repayment
$3,108
LVR ≤60%
Interest
6.34%p.a.
Comparison*
6.15%p.a.
Est. repayment
$3,108
LVR ≤70%
Interest
6.34%p.a.
Comparison*
6.16%p.a.
Est. repayment
$3,108
LVR ≤80%
Interest
6.34%p.a.
Comparison*
6.38%p.a.
Est. repayment
$3,108
LVR ≤80%
Interest
6.39%p.a.
Comparison*
6.37%p.a.
Est. repayment
$3,124
LVR 70 to 80%
Interest
6.39%p.a.
Comparison*
6.37%p.a.
Est. repayment
$3,124
LVR 70 to 80%
Interest
6.39%p.a.
Comparison*
6.37%p.a.
Est. repayment
$3,124
LVR ≤60%
Interest
6.39%p.a.
Comparison*
6.37%p.a.
Est. repayment
$3,124
LVR ≤70%
Interest
6.39%p.a.
Comparison*
6.35%p.a.
Est. repayment
$3,124
LVR ≤60%
Interest
6.39%p.a.
Comparison*
6.35%p.a.
Est. repayment
$3,124
LVR ≤70%
Interest
6.39%p.a.
Comparison*
6.35%p.a.
Est. repayment
$3,124
LVR ≤80%
Interest
6.39%p.a.
Comparison*
6.18%p.a.
Est. repayment
$3,124
LVR ≤60%
Interest
6.39%p.a.
Comparison*
6.18%p.a.
Est. repayment
$3,124
LVR ≤70%
Interest
6.39%p.a.
Comparison*
6.19%p.a.
Est. repayment
$3,124
LVR ≤80%
Interest
6.39%p.a.
Comparison*
6.41%p.a.
Est. repayment
$3,124
LVR ≤80%
Interest
6.24%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,075
LVR 70 to 80%
Interest
6.24%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,075
LVR 70 to 80%
Interest
6.24%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,075
LVR not stated
Interest
6.39%p.a.
Comparison*
6.44%p.a.
Est. repayment
$3,124
LVR 70 to 80%
Interest
6.39%p.a.
Comparison*
6.44%p.a.
Est. repayment
$3,124
LVR 70 to 80%
Interest
6.39%p.a.
Comparison*
6.44%p.a.
Est. repayment
$3,124
LVR ≤60%
Interest
6.44%p.a.
Comparison*
6.36%p.a.
Est. repayment
$3,141
LVR ≤60%
Interest
6.44%p.a.
Comparison*
6.36%p.a.
Est. repayment
$3,141
LVR ≤70%
Interest
6.44%p.a.
Comparison*
6.36%p.a.
Est. repayment
$3,141
LVR ≤80%
Interest
6.44%p.a.
Comparison*
6.46%p.a.
Est. repayment
$3,141
LVR 70 to 80%
Interest
6.44%p.a.
Comparison*
6.46%p.a.
Est. repayment
$3,141
LVR 70 to 80%
Interest
6.44%p.a.
Comparison*
6.46%p.a.
Est. repayment
$3,141
LVR ≤60%
Interest
6.39%p.a.
Comparison*
6.48%p.a.
Est. repayment
$3,124
LVR ≤70%
Interest
6.49%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,157
LVR 70 to 80%
Interest
6.49%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,157
LVR 70 to 80%
Interest
6.49%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,157
LVR not stated
Interest
6.49%p.a.
Comparison*
Not available
Est. repayment
$3,157
LVR ≤60%
Interest
6.49%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,157
LVR ≤60%
Interest
6.49%p.a.
Comparison*
6.42%p.a.
Est. repayment
$3,157
LVR ≤70%
Interest
6.49%p.a.
Comparison*
6.45%p.a.
Est. repayment
$3,157
LVR ≤80%
Interest
6.49%p.a.
Comparison*
6.23%p.a.
Est. repayment
$3,157
LVR ≤60%
Interest
6.49%p.a.
Comparison*
6.23%p.a.
Est. repayment
$3,157
LVR ≤70%
Interest
6.49%p.a.
Comparison*
6.24%p.a.
Est. repayment
$3,157
LVR ≤80%
Interest
6.44%p.a.
Comparison*
6.50%p.a.
Est. repayment
$3,141
LVR ≤70%
Interest
6.49%p.a.
Comparison*
6.52%p.a.
Est. repayment
$3,157
LVR 70 to 80%
Interest
6.49%p.a.
Comparison*
6.52%p.a.
Est. repayment
$3,157
LVR 70 to 80%
Interest
6.39%p.a.
Comparison*
6.53%p.a.
Est. repayment
$3,124
LVR ≤80%
Interest
6.44%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,141
LVR ≤80%
Interest
6.54%p.a.
Comparison*
6.51%p.a.
Est. repayment
$3,174
LVR 70 to 80%
Interest
6.54%p.a.
Comparison*
6.51%p.a.
Est. repayment
$3,174
LVR 70 to 80%
Interest
6.54%p.a.
Comparison*
6.51%p.a.
Est. repayment
$3,174
LVR not stated
Interest
6.54%p.a.
Comparison*
Not available
Est. repayment
$3,174
LVR ≤70%
Interest
6.54%p.a.
Comparison*
6.51%p.a.
Est. repayment
$3,174
LVR ≤60%
Interest
6.54%p.a.
Comparison*
6.40%p.a.
Est. repayment
$3,174
LVR ≤60%
Interest
6.54%p.a.
Comparison*
6.40%p.a.
Est. repayment
$3,174
LVR ≤70%
*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
Pre-filled with Bank Australia's lowest advertised variable rate in the table above, 5.95% p.a. Change the loan amount, rate or term to model your own mortgage. Repayments are principal and interest estimates and exclude fees, so the comparison rate in the table is the better guide to total cost.
The amount you want to borrow.
Bank Australia's lowest variable today: 5.95%.
Most owner-occupier loans run 25 to 30 years.
Monthly repayment
$2,982
Fortnightly repayment
$1,376
Total interest
$573,411
30 years at 5.95% (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 4 Sept 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?
Bank Australia home loan rates are in the live table on this page. The lowest variable rate Ratesniffers ranks is currently 5.95% p.a., and the lowest fixed rate is 6.34% p.a., checked daily (last verified 11 Sept 2026). Compare Bank Australia against the wider market at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments on a Bank Australia balance, use /calculators/extra-repayment.
What is the lowest Bank Australia home loan rate?
Bank Australia's lowest variable home loan rate is currently 5.95% p.a., and its lowest fixed rate is 6.34% p.a., based on the 60 Bank Australia products Ratesniffers ranks by comparison rate, checked daily (last verified 11 Sept 2026). The advertised rate isn't always the rate Bank Australia approves, a broker can often negotiate a sharper deal on your scenario.
What is the monthly repayment on a $600,000 Bank Australia home loan?
At Bank Australia's lowest variable rate of 5.95% p.a., a $600,000 principal and interest loan over 30 years repays about $3,578 a month, and $500,000 about $2,982. That is an estimate at the advertised rate before fees; the comparison rate in the table above carries the fees, and a fixed or interest-only loan repays differently.
How much do you need to earn for a $500,000 Bank Australia home loan?
There is no single salary. Like every Australian lender, Bank Australia must assess a new home loan at a rate at least 3 percentage points above the loan's rate under APRA's serviceability buffer, so 5.95% p.a. is assessed at about 8.95% p.a., then test that repayment against income after living expenses and other debts. The income required calculator at /calculators/income-required works this backwards from a property price and deposit.
How does Bank Australia's home loan rate compare to the market?
Bank Australia's lowest variable home loan rate today is 5.95% p.a., which is 29 basis points below the market median of 6.24% p.a., which puts Bank Australia among the more competitive lenders on variable rates today. This is computed daily from the live rates across the lenders Ratesniffers tracks, so it reflects where Bank Australia sits right now rather than a fixed snapshot.
How many home loan products does Bank Australia offer?
Ratesniffers currently tracks 253 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?
It depends on your loan size and LVR. Bank Australia's lowest comparison rate is currently 6.13% p.a., worth checking against the wider market before you switch. On a $500,000 loan, even a 0.30% p.a. difference is about $100 a month, so comparing Bank Australia against the sharpest available rate usually pays off.
How often are Bank Australia's home loan rates updated?
Ratesniffers refreshes Bank Australia's home loan rates daily; this page was last updated 11 Sept 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.