Eligibility criteria apply to join the Bank as a member. Fees and charges and lending criteria apply. Consumer lending terms and conditions are available here.
Terms and conditions for the mortgage offset facility are set out in our Consumer lending terms and conditions and Conditions of use Accounts and access. For more information refer to the FAQ section under Offset facility.
Redraw is only available if borrowers have made additional repayments. If your loan has a redraw facility, you do not need to register to use the redraw facility on your loan account.
Repayment Pause is not available on all loan products and is subject to application and approval. Refer to Consumer lending terms and conditions for full details.
Lenders Mortgage Insurance, or LMI, insures the lender in the event that the borrower defaults on the mortgage. It does not insure the borrower. Borrowers must still meet lending eligibility criteria for both the lender and the LMI provider.
Approval in principle is an indicative approval only that outlines an estimate of your capacity to borrow. For approval in principle, we rely on the accuracy of the information you provided. It does not confirm an offer of a loan. To gain a formal home loan approval a full application must be made.
Deposit bonds: The Bank has partnered with Aussie Bonds Australia Pty Limited ABN 78 003 101 035 (“Aussie Bonds”), who may be able to assist you in obtaining a Deposit Bond. Aussie Bonds are an authorised representative of QBE Insurance (Australia) Limited ABN 78 003 191 035/AFSL 239545, the Deposit Bond issuer. Please note that if you obtain a Deposit Bond product via Aussie Bonds following a referral by the Bank, the Bank will receive a commission from Aussie Bonds. For unconditional Deposit Bonds (which include pre-approval subject to valuation), the commission is a flat fee of $100 plus 27.5% of the Deposit Bond fee. For other standard Deposit Bonds, the commission is $100 plus 24% of the Deposit Bond fee.