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Posted: 15-10-2024

Here’s what you need to know, effective 15 October 2024.

Self-employed clients not happy with their rate?

We may be able to fix that with reduced Prime Alt Doc variable rates and 2–3-year fixed rates1. Until 20 December 2024, give rate relief with Prime Alt Doc home loan rates from:

Fixed rate2
6.49% p.a. (7.06%p.a. comparison rate3)
Variable rate2
7.04% p.a. (7.22% p.a. comparison rate3)

Invest in their success

To sweeten the deal, we’re dropping interest only and investor loadings for Prime Alt Doc home loans until 20 December 20244. 

Updated fixed rate loadings 

We’ve made some adjustments to our fixed interest rate loadings. 

Updated risk fees

We’ve made a change to our Lender Protection Fee for Prime home loans between 70-80%LVR, excluding Prime Alt Doc. 

Check out our rate card for more information.

eXperience update

You spoke, we listened. To help keep you in the loop, we've made some exciting changes to our credit eXperience. Starting this week, we'll be sending new SMS updates, including: 

  • A notification when our Credit team has picked up your application, and when to expect a call back.
  • An update for self-employed clients and/or those using an accountant's letter, indicating when we've picked up their application, and when to expect a verification call.

Got a deal on your desk? Give it the non-bank test.

Submit a scenario

Information is correct as of 15 October 2024 and is subject to change. Applications are subject to credit assessment, eligibility criteria and lending limits. Terms, conditions, fees and charges apply. Applications lodged after the Promotion period will be offered the application interest rate, fees and credit policy then applicable. Promotions are subject to change and may be varied or withdrawn at any time.  

1Prime Alt Doc promotion applies to new Prime Alt Doc home loan applications, for variable interest rates and 2–3-year fixed interest rates. Refer to the rate card for our full range of interest rates and fees. Applications must be submitted between 12:00am AEDT 15 October 2024 and 11:59pm AEDT 20 December 2024 and settle by 11:59pm AEDT 31 January 2025.

2Variable and fixed interest rates range from 6.44-12.24%p.a (Comparison interest rates range from 6.94-12.48%p.a.). Interest rates are correct as of 15 October 2024 and subject to change at any time. The actual interest rate applicable will depend on the individual borrower’s circumstances.

3Comparison rate is calculated on a secured loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate

4Investor and interest only loading promotion applies for new Prime Alt Doc applications. Applications must be submitted between 12:00am AEDT 15 October 2024 and 11:59pm AEDT 20 December 2024 and settle by 11:59pm AEDT 31 January 2025.

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