Lender
Advertised rate Comparison rate* Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval

VariableMore details

Complete Home Loan (First Home Buyer) (LVR 80%-90%)

VariableMore details

Complete Home Loan (LVR 80%-90%)

VariableMore details

Complete Home Loan (First Home Buyer) (LVR 90%-98%)

VariableMore details

Complete Home Loan (LVR 90%-95%)

VariableMore details

Complete Investment Loan (LVR 80%-90%)

VariableMore details

Complete Investment Loan (LVR 90%-95%)

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *Comparison rate is based on a loan of $150,000 over a term of 25 years. Please note the comparison rate only applies to the examples given Rates correct as of January 18, 2022.

Bank First was founded in 1972 by a group of 48 educators. Formally known as Victoria Teachers Mutual Bank, the bank changed its name in 2017 to reflect its mutual focus on 'putting customers first'. 

The mutual bank is owned entirely by customers. Founded on 'care and compassion', the bank is still driven by its founding values after four decades of operations.

Bank First is an 'ethical bank', taking an ethical approach to banking and constantly exploring new ways to incorporate environmental and sustainable initiatives into its daily operations.

Since 1972, the bank has helped over 200,000 Australians with their banking needs - from money management to home loans - existing to financially empower people and not to 'make money from shareholders'.

Bank First also provides sponsorship for events that reflect its corporate values of ethics, innovation, and caring and cooperative principles. For example, the bank's Teaching Initiatives Program gives schools and preschools the financial assistance they need. Since 1993, it has awarded over $530,000 to more than 420 schools.

The bank can be contacted over the phone, via email, or via social media. It also has branches in Hawthorn East and Moonee Ponds in Victoria. 

Bank First offers home loan products for owner-occupiers, investors, renovations, new builds, and more. It also offers banking, car loans, personal loans, and more.

To apply for a home loan with Bank First, you need to be over 18 years old and an Australian citizen or permanent resident. You also need to provide the following:

  • Your personal contact details
  • Proof of income and other earnings
  • Proof and type of employment
  • Details about the property you want to buy
  • Statements showing any assets, savings or debts you have
  • Personal insurance documents

You can apply for a home loan online via the Bank First website or you can request a consultation with a Bank First representative.