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Bank First Home Loan Rates

Active products
128
Lowest variable
5.99%
Lowest fixed
6.44%
Lowest comparison
6.04%
Last updated
28 June 2026

Bank First is one of the Australian home-loan lenders we track daily. We currently surface 128 active products from Bank First, refreshed from authoritative lender sources. The product table below sorts by comparison rate by default, the true-cost metric mandated by the National Consumer Credit Protection Act 2009, so you can see total cost, including standard fees, at a glance.

What is the lowest Bank First home loan rate?

The lowest Bank First variable home loan rate Ratesniffers tracks is 5.99% p.a., and the lowest fixed rate is 6.44% p.a. These figures come from the 100 Bank First products on this page, ranked by comparison rate, last verified 28 June 2026.

How many home loan products does Bank First offer?

Ratesniffers currently tracks 100 Bank First home loan products across variable, fixed and interest-only options for owner-occupiers and investors. 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 First home loan rates at a glance

Product typeRateComparison rateMax LVR
Variable Owner-occupier P&I5.99% p.a.6.04% p.a.60%
Variable Owner-occupier P&I6.04% p.a.6.09% p.a.70%
Variable Owner-occupier P&I6.09% p.a.6.14% p.a.60%
Variable Investor P&I6.14% p.a.6.19% p.a.60%
Variable Owner-occupier P&I6.14% p.a.6.19% p.a.70%
Variable Investor P&I6.19% p.a.6.24% p.a.70%
Variable Owner-occupier P&I6.19% p.a.6.24% p.a.80%
Variable Investor P&I6.24% p.a.6.29% p.a.80%
Variable Investor P&I6.24% p.a.6.29% p.a.60%
Variable Investor P&I6.29% p.a.6.34% p.a.70%
Variable Owner-occupier P&I6.29% p.a.6.34% p.a.80%
Variable Investor P&I6.34% p.a.6.39% p.a.80%

100 Bank First home loan products

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Who is Bank First?

Bank First is the Victorian teacher mutual, founded in the early 1970s as Victoria Teachers Credit Union and renamed Bank First in December 2017. It remains customer-owned and still specialises in the education sector, while extending eligibility to healthcare and other community professionals.

Its signature offer is one of the sector's strongest LMI waivers: eligible education and healthcare workers, including paramedics, can borrow with as little as a 10% deposit without paying lenders mortgage insurance, a saving that can run past $10,000 on a typical purchase.

Who suits a Bank First home loan?

Bank First tends to suit teachers, school staff and health professionals, particularly in Victoria, with deposits in the 10 to 15% range where the LMI waiver does its heaviest lifting. Compare its comparison rate against the market leaders in the table above; even a slightly higher rate can win once a five-figure LMI premium disappears.

Background facts checked 21 July 2026. Rates above refresh independently.

Bank First home loans: frequently asked questions

What is the lowest Bank First home loan rate?

Bank First's lowest variable home loan rate is currently 5.99% p.a., and its lowest fixed rate is 6.44% p.a., based on the 100 Bank First products Ratesniffers ranks by comparison rate, last verified 28 June 2026. The advertised rate isn't always the rate Bank First approves, a broker can often negotiate a sharper deal on your scenario.

How does Bank First's home loan rate compare to the market?

Bank First's lowest variable home loan rate today is 5.99% p.a., which is 10 basis points below the market median of 6.09% p.a., which puts Bank First 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 First sits right now rather than a fixed snapshot.

How many home loan products does Bank First offer?

Ratesniffers currently tracks 128 Bank First home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 100 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 loans sit at the top.

Is Bank First competitive for refinancing?

It depends on your loan size and LVR. Bank First's lowest comparison rate is currently 6.04% 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 First against the sharpest available rate usually pays off.

How often are Bank First's home loan rates updated?

Ratesniffers last verified Bank First's home loan rates on 28 June 2026. Rates can change whenever Bank First reprices or the RBA moves the cash rate, so always confirm the current rate with the lender before acting.

Bank First rates by borrower and loan type

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