Bank First provides a variety of home loan products tailored to meet the needs of different borrowers, from first-time buyers to property investors seeking flexible lending solutions. The bank also participates in government-backed Home Guarantee Schemes, making it easier for eligible customers to enter the housing market with lower deposits and without the added cost of lenders mortgage insurance.

Borrowers can access variable-rate loans with the ability to make extra repayments and redraw funds without penalty on select loans. The Complete Home Loan includes a 100% offset account, which allows customers to reduce the interest charged by linking their transaction account to their loan balance. Additionally, Bank First offers loan options with no ongoing or monthly fees, such as the Basic Home Loan, appealing to those seeking simplicity and cost savings.

Bank First’s First Home Buyers' Package provides helpful fee waivers and flexible features, while their consideration of single-parent applicants broadens accessibility. Loan top-ups can be used for a variety of purposes.

How to apply for a home loan at Bank First

Eligibility

To qualify for a home loan or refinancing with Bank First, applicants must meet the following criteria:

  • Be at least 18 years of age

  • Hold Australian citizenship or permanent residency status

  • Have not been declared bankrupt or entered into a debt agreement within the past 3 years

  • Be applying for a new home loan or refinancing an existing loan

  • Have no more than two individual applicants listed on the loan

Application Requirements

Before starting your home loan or refinancing application with Bank First, it’s important to have the right information and documentation ready. Below is a list of the key requirements you'll need to meet.

  • A valid mobile phone number

  • An active email address

  • Your current residential address

  • Proof of steady income or sufficient access to funds

  • Identification documents if applying online, such as:

    • A current Australian passport

    • A valid driver’s licence

    • Or other accepted forms of ID (alternatively, ID verification can be completed in person at a branch or participating Australia Post location)

  • For sole traders, two years of personal tax records, including Notices of Assessment from the ATO

Steps to apply for a home loan with Bank First

Applying for a home loan with [Bank Name] is a straightforward process, but it helps to know what’s involved ahead of time. Here’s a breakdown of the steps and what you’ll need to prepare:

  1. Online Application
    You’ll be asked to provide your personal details, financial history, employment information, and loan preferences.

  2. Initial Assessment
    Once submitted, your application is automatically reviewed against the bank’s lending criteria. This conditional assessment typically takes about one hour.

  3. Follow-up or Decision
    If additional details are required, the bank will contact you. Otherwise, you’ll receive a loan decision shortly after the assessment is complete.

If you need fast-tracked approval or your home loan application involves more complex circumstances, such as building a new property or applying with a guarantor, it’s best to schedule an appointment with their home loan specialists.