Choose the version of this loan that suits you best
Availability | Loan type | LVR | Min loan amount | Max loan amount | |
---|---|---|---|---|---|
|
Owner Occupier | Principal & Interest | < 60% | $100,000 | $5,000,000 |
|
Owner Occupier | Principal & Interest | 60%-70% | $100,000 | $5,000,000 |
|
Owner Occupier | Principal & Interest | 70%-80% | $100,000 | $5,000,000 |
|
Owner Occupier | Principal & Interest | 80%-90% | $100,000 | $5,000,000 |
|
Owner Occupier | Principal & Interest | 90%-95% | $100,000 | $5,000,000 |
|
Owner Occupier | Interest Only | < 80% | $100,000 | $5,000,000 |
|
Owner Occupier | Interest Only | < 80% | $100,000 | $5,000,000 |
|
Investor | Principal & Interest | < 60% | $100,000 | $5,000,000 |
|
Investor | Principal & Interest | 60%-70% | $100,000 | $5,000,000 |
|
Investor | Principal & Interest | 70%-80% | $100,000 | $5,000,000 |
|
Investor | Principal & Interest | 80%-90% | $100,000 | $5,000,000 |
|
Investor | Interest Only | < 60% | $100,000 | $5,000,000 |
|
Investor | Interest Only | < 70% | $100,000 | $5,000,000 |
|
Investor | Interest Only | 70%-80% | $100,000 | $5,000,000 |
|
Investor | Interest Only | 80%-90% | $100,000 | $5,000,000 |
It may be in the name, but the Aussie Select Basic Variable home loan is far from basic. With competitive low variable rates starting from just 6.19% (6.20% comparison rate*), no ongoing service fee to worry about and handy features like a redraw facility, a split account and the ability to make free extra repayments, this is a home loan that could prove a good fit for any homebuyer. In fact, it's even won a 2021 Mozo Experts Choice Award for best Split Home Loan.
Aussie are well known for their mantra “we’ll save you”, and when it comes to the Select Basic Variable home loan that slogan holds up. Both owner occupiers and investors will be able to borrow amounts between $100,000 and $5,000,000 with the loan, with interest rates for owner occupiers starting at 6.19% (6.20% comparison rate*) and 6.34% (6.35% comparison rate*) for investors.
Eligible owner occupiers will also be able to borrow with a deposit as low as 5% (although Lenders Mortgage Insurance may be required for deposits under 20%), and all borrowers will be able to split their loan up to four times if they’re wanting to fix a portion of it.
While the loan doesn’t come with an offset account, that doesn’t mean borrowers won’t be able to save via other handy features like the extra repayments facility. Speaking of which, borrowers who end up making additional repayments towards their loan and need to dip back into them (for whatever reason) will be able to do so thanks to the redraw facility. Just bear in mind that there’s a minimum redraw amount of $100.
The last thing you’re probably itching to know about is fees. The good news is that Aussie doesn't charge an ongoing service fee, however, borrowers will need to budget for a $330 legal fee upfront, as well as the $535 discharge fee which comes into play once the loan is paid off in full.
The Aussie Select Basic Variable home loan is a budget-friendly option for first time buyers and investors alike, complete with all the hallmarks of a basic loan (competitive rates and a low number of fees) combined with handy extra features like extra repayments, redraws and the split loan option.
While the lack of any ongoing service fees will help borrowers keep their costs down over the life of the loan, the legal and discharge fees may prove unwelcome expenses.
6.19% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.22% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
none |
|
60.00% |
Owner Occupier |
|
Principal & Interest |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.19% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.22% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
60.00% |
|
70.00% |
Owner Occupier |
|
Principal & Interest |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.19% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.22% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
70.00% |
|
80.00% |
Owner Occupier |
|
Principal & Interest |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.39% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.42% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
80.00% |
|
90.00% |
Owner Occupier |
|
Principal & Interest |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
7.09% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
7.12% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
90.00% |
|
95.00% |
Owner Occupier |
|
Principal & Interest |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.54% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.57% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
none |
|
80.00% |
Owner Occupier |
|
Interest Only |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.54% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.57% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
none |
|
80.00% |
Owner Occupier |
|
Interest Only |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.34% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.37% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
none |
|
60.00% |
Investor |
|
Principal & Interest |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.34% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.37% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
60.00% |
|
70.00% |
Investor |
|
Principal & Interest |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.49% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.52% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
70.00% |
|
80.00% |
Investor |
|
Principal & Interest |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
7.24% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
7.27% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
80.00% |
|
90.00% |
Investor |
|
Principal & Interest |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.49% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.52% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
none |
|
60.00% |
Investor |
|
Interest Only |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.49% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.52% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
none |
|
70.00% |
Investor |
|
Interest Only |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
6.49% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
6.52% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
70.00% |
|
80.00% |
Investor |
|
Interest Only |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
7.34% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
7.37% p.a. |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
|
n/a |
$0.00 |
|
$330.00 |
|
$0.00 |
|
$0.00 |
|
n/a |
|
$0.00 |
|
$535.00 |
$100,000 |
|
$5,000,000 |
|
80.00% |
|
90.00% |
Investor |
|
Interest Only |
|
Fortnightly, Monthly |
|
yes - free |
|
no |
|
yes - free |
|
$100.00 |
|
yes |
|
no |
|
none |
|
none |
|
none |
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Aussie were amazing, we had a situation where one of the brokers messed up our application and then took off, when we were a week out of exchanging contracts we discovered this. We thought we had already had everything approved. After contacting Aussie we'd discovered what had happened and they were amazing, in one week, they rushed us through and got our approval for us 20 minutes before we were exchanging contracts. It was such a stressful time and Aussie came to the rescue and my partner and I successfully purchased our first home.
Read full reviewAussie were amazing, we had a situation where one of the brokers messed up our application and then took off, when we were a week out of exchanging contracts we discovered this. We thought we had already had everything approved. After contacting Aussie we'd discovered what had happened and they were amazing, in one week, they rushed us through and got our approval for us 20 minutes before we were exchanging contracts. It was such a stressful time and Aussie came to the rescue and my partner and I successfully purchased our first home.
What a unprofessional set up poor service. Promises then can't do lies. Took 3 weeks to even look at my documents no I loose the sale what a crap service. Mr symons would be discussed as he built a reliable home loan company. Then along comes CBA bank crap bank cant careless about the custermer.. CBA shame and guilt to you. Aussie home loans just crap.
Read full reviewWhat a unprofessional set up poor service. Promises then can't do lies. Took 3 weeks to even look at my documents no I loose the sale what a crap service. Mr symons would be discussed as he built a reliable home loan company. Then along comes CBA bank crap bank cant careless about the custermer.. CBA shame and guilt to you. Aussie home loans just crap.
I can not recommend Aussie Gawler any more highly! They were phenomenal in every aspect- completely transparent, always available to discuss any questions I had even after hours and on weekends- would literally reply to me minutes after sending a message! For what is usually a stressful process, Aussie made it seamless and the best part was he was able to get our loan approved in just 4 weeks! This allowed us to move our settlement forward and get in our new house even quicker! I couldn't believe it and I will truly recommend him time and time again for any loan needs.
Read full reviewI can not recommend Aussie Gawler any more highly! They were phenomenal in every aspect- completely transparent, always available to discuss any questions I had even after hours and on weekends- would literally reply to me minutes after sending a message! For what is usually a stressful process, Aussie made it seamless and the best part was he was able to get our loan approved in just 4 weeks! This allowed us to move our settlement forward and get in our new house even quicker! I couldn't believe it and I will truly recommend him time and time again for any loan needs.
Always great service from our broker.
Read full reviewAlways great service from our broker.
All wrong!
Read full reviewFixed Rate Loan (with Orange Advantage)
5.99% p.a.
fixed 3 years
6.12% p.a.
Home Value Loan
6.09% p.a.
6.09% p.a.
$0.00
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 for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.