Beyond Bank home loan repayment calculator

Thinking about taking out a home loan with Beyond Bank? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Beyond Bank home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 3.47 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Flexible home loan products.
  • Multiple points of contact.
  • Low deposit requirements.
  • Moderate to high fees for some features.

Beyond Bank home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

3.47%

Variable

$0

3.47%

$0
Beyond Bank Australia
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3.93%

Variable

$0

3.94%

$0
Beyond Bank Australia
More details

3.63%

Variable

$0

4.03%

$395 annually
Beyond Bank Australia
More details

3.63%

Variable

$0

4.03%

$395 annually
Beyond Bank Australia
More details

3.72%

Variable

$200

4.12%

$395 annually
Beyond Bank Australia
More details

4.13%

Variable

$0

4.14%

$0
Beyond Bank Australia
More details

3.92%

Variable

$0

4.31%

$395 annually
Beyond Bank Australia
More details

4.14%

Variable

$645

4.31%

$11 monthly
Beyond Bank Australia
More details

4.34%

Variable

$0

4.35%

$0
Beyond Bank Australia
More details

4.43%

Variable

$200

4.44%

$0
Beyond Bank Australia
More details

3.39%

Fixed - 3 years

$0

4.48%

$395 annually
Beyond Bank Australia
More details

3.54%

Fixed - 3 years

$0

4.52%

$395 annually
Beyond Bank Australia
More details

3.54%

Fixed - 3 years

$200

4.52%

$395 annually
Beyond Bank Australia
More details

4.14%

Variable

$0

4.53%

$395 annually
Beyond Bank Australia
More details

3.89%

Fixed - 5 years

$200

4.54%

$395 annually
Beyond Bank Australia
More details

3.89%

Fixed - 4 years

$200

4.57%

$395 annually
Beyond Bank Australia
More details

3.54%

Fixed - 2 years

$0

4.58%

$395 annually
Beyond Bank Australia
More details

3.54%

Fixed - 2 years

$200

4.58%

$395 annually
Beyond Bank Australia
More details

3.84%

Fixed - 3 years

$0

4.59%

$0
Beyond Bank Australia
More details

4.19%

Fixed - 5 years

$0

4.59%

$0
Beyond Bank Australia
More details

4.43%

Variable

$645

4.60%

$11 monthly
Beyond Bank Australia
More details

4.19%

Fixed - 4 years

$0

4.63%

$0
Beyond Bank Australia
More details

4.63%

Variable

$0

4.64%

$0
Beyond Bank Australia
More details

3.54%

Fixed - 1 year

$0

4.65%

$395 annually
Beyond Bank Australia
More details

3.54%

Fixed - 1 year

$200

4.65%

$395 annually
Beyond Bank Australia
More details

3.99%

Fixed - 3 years

$645

4.66%

$0
Beyond Bank Australia
More details

3.84%

Fixed - 2 years

$0

4.67%

$0
Beyond Bank Australia
More details

4.34%

Fixed - 5 years

$645

4.68%

$0
Beyond Bank Australia
More details

4.29%

Variable

$0

4.69%

$395 annually
Beyond Bank Australia
More details

4.34%

Fixed - 4 years

$645

4.71%

$0
Beyond Bank Australia
More details

3.99%

Fixed - 2 years

$645

4.73%

$0
Beyond Bank Australia
More details

3.59%

Fixed - 3 years

$200

4.74%

$395 annually
Beyond Bank Australia
More details

3.84%

Fixed - 1 year

$0

4.76%

$0
Beyond Bank Australia
More details

3.74%

Fixed - 3 years

$200

4.77%

$395 annually
Beyond Bank Australia
More details

3.99%

Fixed - 1 year

$645

4.80%

$0
Beyond Bank Australia
More details

4.14%

Fixed - 5 years

$200

4.81%

$395 annually
Beyond Bank Australia
More details

4.43%

Variable

$0

4.81%

$395 annually
Beyond Bank Australia
More details

4.14%

Fixed - 4 years

$200

4.84%

$395 annually
Beyond Bank Australia
More details

3.74%

Fixed - 2 years

$200

4.85%

$395 annually
Beyond Bank Australia
More details

4.04%

Fixed - 3 years

$0

4.85%

$0
Beyond Bank Australia
More details

4.44%

Fixed - 5 years

$0

4.86%

$0
Beyond Bank Australia
More details

4.84%

Variable

$645

4.88%

$0
Beyond Bank Australia
More details

4.49%

Variable

$0

4.89%

$395 annually
Beyond Bank Australia
More details

4.44%

Fixed - 4 years

$0

4.91%

$0
Beyond Bank Australia
More details

3.74%

Fixed - 1 year

$200

4.92%

$395 annually
Beyond Bank Australia
More details

4.19%

Fixed - 3 years

$645

4.92%

$0
Beyond Bank Australia
More details

4.04%

Fixed - 2 years

$0

4.94%

$0
Beyond Bank Australia
More details

4.93%

Variable

$0

4.94%

$0
Beyond Bank Australia
More details

4.59%

Fixed - 5 years

$645

4.95%

$0
Beyond Bank Australia
More details

4.58%

Variable

$0

4.98%

$395 annually
Beyond Bank Australia
More details

4.59%

Fixed - 4 years

$645

4.99%

$0
Beyond Bank Australia
More details

4.19%

Fixed - 2 years

$645

5.00%

$0
Beyond Bank Australia
More details

4.63%

Variable

$0

5.03%

$395 annually
Beyond Bank Australia
More details

4.04%

Fixed - 1 year

$0

5.04%

$0
Beyond Bank Australia
More details

4.99%

Variable

$645

5.04%

$0
Beyond Bank Australia
More details

3.99%

Fixed - 3 years

$200

5.05%

$395 annually
Beyond Bank Australia
More details

4.04%

Fixed - 3 years

$200

5.07%

$395 annually
Beyond Bank Australia
More details

4.19%

Fixed - 1 year

$645

5.08%

$0
Beyond Bank Australia
More details

4.44%

Fixed - 5 years

$200

5.10%

$395 annually
Beyond Bank Australia
More details

4.73%

Variable

$0

5.11%

$395 annually
Beyond Bank Australia
More details

4.44%

Fixed - 4 years

$200

5.13%

$395 annually
Beyond Bank Australia
More details

4.04%

Fixed - 2 years

$200

5.14%

$395 annually
Beyond Bank Australia
More details

4.34%

Fixed - 3 years

$0

5.15%

$0
Beyond Bank Australia
More details

4.74%

Fixed - 5 years

$0

5.15%

$0
Beyond Bank Australia
More details

5.13%

Variable

$645

5.17%

$0
Beyond Bank Australia
More details

4.74%

Fixed - 4 years

$0

5.20%

$0
Beyond Bank Australia
More details

4.04%

Fixed - 1 year

$200

5.22%

$395 annually
Beyond Bank Australia
More details

4.34%

Fixed - 2 years

$0

5.24%

$0
Beyond Bank Australia
More details

5.28%

Variable

$645

5.33%

$0
Beyond Bank Australia
More details

4.34%

Fixed - 1 year

$0

5.34%

$0
Beyond Bank Australia
More details

5.43%

Variable

$645

5.47%

$0
Beyond Bank Australia
More details

Beyond Bank Australia customer service

Beyond Bank has a moderate branch network and a call centre open six days per week. It also offers online banking services 24/7, mobile banking services and live chat. Most of its branches are located in NSW and the ACT.

  • Customer service centre (phone) – open 6 days a week
  • Phone banking available
  • Live Chat
  • Online banking
  • Email
  • Branch
  • Mobile banking staff
  • Mobile apps

How to Apply

Beyond Bank customers can apply for a home loan online or seek assistance from a customer service representative by phone, email or chat. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.

About Beyond Bank Australia home loans

Beyond Bank Australia home loans are suited to a variety of mortgage customers:

  • First home buyers
  • Upgraders
  • Investors
  • Refinancers
  • Renovators

Borrowers who take out Beyond Bank Australia home loans can choose from a variety of interest rate options:

  • Principal-and-interest home loans
  • Interest-only home loans
  • Variable interest rates
  • Fixed interest rates
  • Split loans

Beyond Bank Australia mortgages have maximum loan terms of 30 years. Additional repayments are allowed on some products. Depending on the Beyond Bank home loan you choose, you may also be offered offset accounts and redraw facilities.

Mortgage borrowers may also enjoy special discounts by combining a Beyond Bank Australia home loan with another Beyond Bank product, such as low-rate credit cards.

Beyond Bank Australia home loan rates tend to be in the middle of the spectrum, ranging between moderately low and moderately high. Fees vary from product to product, with some waiving establishment fees.

Beyond Bank Australia home loan rates

Beyond Bank Australia home loan rates vary from product to product, but generally tend to be middle of the market. Generally speaking, they don’t offer the lowest rates, but their rates are lower than those charged by the big banks.

As a challenger lender, Beyond Bank must find ways to stand out from Australia’s big four banks. Their need to differentiate is one reason they offer lower rates. Another reason is that the bank is owned by its customers rather than shareholders, which means it doesn’t have the same imperative to maximise profits.

Beyond Bank Australia has a range of home loan products that each come with unique interest rates. As a general rule, owner-occupiers are given lower interest rates than investors and variable loans are cheaper than fixed-rate loans. Interest rates can be fixed for up to five years; generally, the rate will go up as the term lengthens.

Beyond Bank Australia home loans review

Beyond Bank Australia is not one of Australia’s big four banks, and therefore it doesn’t provide the same range of home loan products as its larger competitors. It does, however, tend to charge lower rates than the big four banks.

Beyond Bank Australia home loan rates tend to be moderately low to moderate, with owner-occupier loans leaning toward the moderately low range. Investors who pay principal and interest on their variable home loan can typically find moderately low rates as well.

While Beyond Bank’s rates are generally on the cheaper end of the spectrum, its fees are more likely to be moderate than market-leading. Both upfront and ongoing fees typically sit within the moderate to moderately high range. These fees include one-off establishment fees, settlement fees and monthly account-keeping fees.

What is a variable home loan?

A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.

What are extra repayments?

Additional payments to your home loan above the minimum monthly instalments, which can help to reduce the loan’s term and remaining payable interest.

What is mortgage stress?

Mortgage stress is when you don’t have enough income to comfortably meet your monthly mortgage repayments and maintain your lifestyle. Many experts believe that mortgage stress starts when you are spending 30 per cent or more of your pre-tax income on mortgage repayments.

Mortgage stress can lead to people defaulting on their loans which can have serious long term repercussions.

The best way to avoid mortgage stress is to include at least a 2 – 3 per cent buffer in your estimated monthly repayments. If you could still make your monthly repayments comfortably at a rate of up to 8 or 9 per cent then you should be in good position to meet your obligations. If you think that a rate rise would leave you at a risk of defaulting on your loan, consider borrowing less money.

If you do find yourself in mortgage stress, talk to your bank about ways to potentially reduce your mortgage burden. Contacting a financial counsellor can also be a good idea. You can locate a free counselling service in your state by calling the national hotline: 1800 007 007 or visiting www.financialcounsellingaustralia.org.au.

How can I negotiate a better home loan rate?

Negotiating with your bank can seem like a daunting task but if you have been a loyal customer with plenty of equity built up then you hold more power than you think. It’s highly likely your current lender won’t want to let your business go without a fight so if you do your research and find out what other banks are offering new customers you might be able to negotiate a reduction in interest rate, or a reduction in fees with your existing lender.

What is a split home loan?

A split loan lets you fix a portion of your loan, and leave the remainder on a variable rate so you get a bet each way on fixed and variable rates. A split loan is a good option for someone who wants the peace of mind that regular repayments can provide but still wants to retain some of the additional features variable loans typically provide such as an offset account. Of course, with most things in life, split loans are still a trade-off. If the variable rate goes down, for example, the lower interest rates will only apply to the section that you didn’t fix.

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The fine print – what are the eligibility criteria?

This competition is only available to Australian residents who are over 18 and check their home loan interest rate at RateCity. However, you are not required to refinance your home loan or apply for any financial products.

You can still enter if you don’t have a home loan yet – enter how much you plan to borrow and the details of the property you’re considering, and we’ll compare mortgage offers that may suit your needs and estimate how much you could save compared to a loan with an average interest rate. 

Which mortgage is the best for me?

The best mortgage to suit your needs will vary depending on your individual circumstances. If you want to be mortgage free as soon as possible, consider taking out a mortgage with a shorter term, such as 25 years as opposed to 30 years, and make the highest possible mortgage repayments. You might also want to consider a loan with an offset facility to help reduce costs. Investors, on the other hand, might have different objectives so the choice of loan will differ.

Whether you decide on a fixed or variable interest rate will depend on your own preference for stability in repayment amounts, and flexibility when it comes to features.

If you do not have a deposit or will not be in a financial position to make large repayments right away you may wish to consider asking a parent to be a guarantor or looking at interest only loans. Again, which one of these options suits you best is reliant on many factors and you should seek professional advice if you are unsure which mortgage will suit you best.

Home Loans Frequently Asked Questions

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

Who has the best home loan?

Determining who has the ‘best’ home loan really does depend on your own personal circumstances and requirements. It may be tempting to judge a loan merely on the interest rate but there can be added value in the extras on offer, such as offset and redraw facilities, that aren’t available with all low rate loans.

To determine which loan is the best for you, think about whether you would prefer the consistency of a fixed loan or the flexibility and potential benefits of a variable loan. Then determine which features will be necessary throughout the life of your loan. Thirdly, consider how much you are willing to pay in fees for the loan you want. Once you find the perfect combination of these three elements you are on your way to determining the best loan for you. 

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

What is bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

What is a draw down?

The transfer of money from a lending institution to a borrower. In a typical home loan, the funds are drawn down all at once in order to buy the property. In a construction loan, the money is drawn down in several stages to pay the builders as they progress through each phase of the project. In a line of credit loan, you can draw down money up to a limit based on your loan’s available equity.

What is equity? How can I use equity in my home loan?

Equity refers to the difference between what your property is worth and how much you owe on it. Essentially, it is the amount you have repaid on your home loan to date, although if your property has gone up in value it can sometimes be a lot more.

You can use the equity in your home loan to finance renovations on your existing property or as a deposit on an investment property. It can also be accessed for other investment opportunities or smaller purchases, such as a car or holiday, using a redraw facility.

Once you are over 65 you can even use the equity in your home loan as a source of income by taking out a reverse mortgage. This will let you access the equity in your loan in the form of regular payments which will be paid back to the bank following your death by selling your property. But like all financial products, it’s best to seek professional advice before you sign on the dotted line.