We currently don't have that product, but here are others to consider:
How we picked theseHere are the key features and details you need to know about Beyond Bank's mortgage products.
| Feature | Details |
|---|---|
| Minimum deposit | It's possible to get a home loan with a deposit as low as 5%. |
| Offset account | You can get an offset account with several of its loans. |
| Repayment options | Many of its home loans allow you to make interest only repayments for a limited period. The lender also offers the standard principal and interest repayments on its loans. |
📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).
Find a better home loan
Take our easy quiz and start saving.
The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.
Whether you're eyeing a reno or consolidating debt, here's what you need to know about home equity loans (without the financial fluff).
Think you need a 20% deposit to buy a home? Think again. We break down no deposit home loans: how they work, who offers them, and what to watch out for.
Home loan cashback deals can help you refinance to a cheaper interest rate and get a lump sum cash payment. Compare the latest deals and check your eligibility today.
Work out how much you need to earn to buy a house in any Australian suburb.
Learn more about the Help to Buy scheme and how it can help home buyers.
Our comprehensive guide to home loan statistics.
We compile the average home loan interest rates in the market and update them monthly.
Compare current bank interest rates for home loans, credit cards, personal loans, savings accounts and term deposits to find the best deal for you.
Construction loan comparison is as simple as finding out how much you can borrow, then reviewing some of the best construction loans on the market to find the right fit.
What is an offset account? It can save you thousands in interest and help you own your home sooner.
I would like to know if i applied for a $2000000 home loan, how much deposit would be required and what would the repayments be.
Hi Paul,
The deposit required will vary depending on the Beyond Bank home loan product you apply for. It could be 5%, 10% or 20%, noting that any deposit of less than 20% will require you to pay lender’s mortgage insurance. On a loan of this size, LMI would be quite high (tens of thousands of dollars).
The repayment may differ depending on the loan value, deposit amount and payment frequency. If you choose the Total Home Loan Package and the loan value is $2,000,000 with a deposit of $400,000, your home loan amount would be $1.6m, and your estimated monthly repayment would be $6,019 for a principal and interest loan.
Finding the right home loan for you can be a time-consuming process, so consider reaching out to mortgage brokers who compare home loans from a wide panel of lenders. They can help you find a product that matches your financial needs and assist you with your application.
Hope this helps.
Cheers,
Sarah