Bank First
Bank First

Premier Package Home Loan - Owner Occupied - Construction ≤80% LVR

Variable 36 Months
Introductory Rate
2.73% p.a.
Ongoing Variable Rate
2.48% p.a.
Comparison Rate*
3.21% p.a.
Key Features
Loan Type
Min Loan
Max Loan
Application Fee
Borrow upto
of property value
Ongoing fee
$390.00 Yearly
Redraw Facility
Offset Account

Loan Details

Loan Type Variable
Security Type ResidentialProperty
Availability Owner Occupiers
Repayment Options Principal & Interest
Repayment Frequency Weekly, Fortnightly, Monthly
Min Loan Term 0
Max Loan Term 30
Max Loan to Value Ration (LVR) 80%
Max LVR with Mortgage Insurance 80%
Min Loan Amount $200,000.00
Max Loan Amount $2,000,000.00
Interest Rate Notes
Available for 1-5 and 10 year terms. Monthly repayments only during interest only term. Capped at 10 years over the term of the loan.


Extra Repayments
Loan is Transferable (Portable)
Transfer Fee $600.00
Mortgage Offset Available
Mortgage Offset 100%
Mortgage Offset Rate -%
Redraw Available
Min Redraw Amount $500.00
Max Redraw Amount -
Redraw Fee $0.00
Redraw Notice Period Same business day
Redraw Method
Redraw Notes & Comments

Split Account

Split Available
Max No. of Accounts for Split 8
Separate Statements for Split
Statement Frequency
Fixed Option
Fee for Fixing $0.00


Application Fee $850.00
Legal Fee $0.00
Valuation Fee $0.00
Settlement Fee $0.00
Service Fee $390.00
Exit Fee $395.00
Early Termination Fee No early repayment penalty.

Break Costs

General Fee Notes:

Service / Ongoing Fee = annual $450 Premier Package Fee. Initial fee charged at Home Loan Funding and then charged annually thereafter. Application fee = $0 Establishment fee, $0 Security Admin Fee if refinancing / $400 Security Administration fee if a new pruchase. Administration fee = $450 Arrears Administration Fee payable if loan is 7 days in arrears.

General Notes:

Intro offer available for new Premier Package loan applications received from 01 September to 31 March 2022 and funded by 30 June 2022. Not available to existing Bank First Owner Occupied or Investment home loan customers. Minimum loan $200k, maximum loan $2m with LVR of 80% or less. Interest only option only available on investment loans. Credit criteria applies. Premier Package annual fee of $390 will be waived for the first year and charged annually thereafter. Security Administration fee of $400 will be waived for home loans refinanced from another credit provider. Owner occupied loan discount is 0.33% p.a. off the standard Premier Package Owner Occupied Home Loan Variable Rate. Investment loan discount is 0.47% p.a. off the standard Premier Package Investment Home Loan Variable Rate. Rate discounts apply for three years from the loan settlement date. At the end of the three-year period, the loan will revert to the standard Premier Package variable rate (Owner Occupied or Investment rate as applicable) for the remainder of the loan term. Not available in conjunction with any other offer. Bank First reserves the right to amend or withdraw this offer at any time.

*The comparison rates in this table are based on a secured loan amount of $150,000 and a term of 25 years. WARNING: These comparison rates apply 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 costs savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.