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LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.07% p.a.
$2,408
Principal & Interest
Variable
$0
$400
60%
6.09% p.a.
6.88% p.a.
$2,421
Principal & Interest
Fixed
$390
$400
80%
6.09% p.a.
6.93% p.a.
$2,421
Principal & Interest
Fixed
$390
$400
80%
6.09% p.a.
6.98% p.a.
$2,421
Principal & Interest
Fixed
$390
$400
80%
6.14% p.a.
6.17% p.a.
$2,434
Principal & Interest
Variable
$0
$400
60%
6.19% p.a.
6.30% p.a.
$2,447
Principal & Interest
Fixed
$0
$400
80%
6.19% p.a.
6.30% p.a.
$2,447
Principal & Interest
Fixed
$0
$400
80%
6.19% p.a.
6.31% p.a.
$2,447
Principal & Interest
Fixed
$0
$400
80%
6.19% p.a.
7.57% p.a.
$2,447
Principal & Interest
Fixed
$390
$400
95%
6.19% p.a.
7.69% p.a.
$2,447
Principal & Interest
Fixed
$390
$400
95%
6.29% p.a.
6.59% p.a.
$2,473
Principal & Interest
Fixed
$0
$400
90%
6.29% p.a.
6.96% p.a.
$2,473
Principal & Interest
Fixed
$0
$400
95%
6.29% p.a.
7.04% p.a.
$2,473
Principal & Interest
Fixed
$0
$400
95%
6.29% p.a.
7.11% p.a.
$2,473
Principal & Interest
Fixed
$390
$400
90%
6.29% p.a.
7.48% p.a.
$2,473
Principal & Interest
Fixed
$390
$400
95%
6.29% p.a.
7.22% p.a.
$2,473
Principal & Interest
Fixed
$390
$400
80%
6.29% p.a.
6.32% p.a.
$2,473
Principal & Interest
Variable
$0
$400
80%
6.34% p.a.
7.17% p.a.
$2,486
Principal & Interest
Fixed
$390
$400
80%
6.34% p.a.
7.12% p.a.
$2,486
Principal & Interest
Fixed
$390
$400
80%
6.35% p.a.
6.95% p.a.
$2,576
Principal & Interest
Variable
$390
$400
80%
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Important Information and Comparison Rate Warning

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 be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. 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. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of .

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.