What you need to know about Beyond Bank home loans
Beyond Bank is a customer-owned lender headquartered in Adelaide. Built from a series of credit-union mergers, it has grown to more than 50 branches across five states and territories and was the first Australian bank to achieve B Corp certification, positioning itself as a socially minded alternative to the majors.
You might find Beyond Bank a good fit if you:
Prefer the option of a fee-free basic loan or an offset account The bank advertises a Basic variable rate product, as well as a more premium product that adds an offset account or a fixed rate option for an annual fee.
Want to access the5% Deposit Scheme Beyond Bank is a participating lender in the 5% Deposit Scheme, allowing eligible buyers to put as little as 5% down and avoid lenders mortgage insurance (LMI).
Value fee-free cash access nationwide Customers get fee-free withdrawals at more than 10,000 ATMs operated by the big four banks (CommBank, NAB, Westpac, and ANZ).
Live in NSW, the ACT, Victoria, SA, or WA and/or don't mind banking online The bank maintains about 50 branches in those five jurisdictions but has no branches in Queensland, Tasmania or the Northern Territory, so customers in those areas rely on digital channels and Bank@Post for cash deposits.
Care about verified ethics and community impact Beyond Bank's profits are reinvested in customer benefits , while its B Corp status commits it to high environmental and social standards, and its Beyond Bank Foundation and 4,000-plus community partnerships channel profits into local grants and causes.
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For home loans, the base criteria include a $500,000 loan amount over 30 years. These rates are only examples and may not include all fees and charges.
*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.
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