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 .
Beyond Bank is one of the largest customer-owned banks in Australia. Formerly known as Community CPS Australia – not coincidentally, one of the country’s largest credit unions – it became a bank in 2013, and offers a wide range of financial products and services to more than 200,000 members and their families Australia wide.
Because it is a member-owned bank, there are no external shareholders in the company, meaning that any surplus profits are redirected into the members through lower interest rates and better products and services.
Most of Beyond Bank's branches are located in NSW and the ACT.
In addition to loans, it offers personal and business banking services, as well as financial planning services.
It has previously won Money magazine’s Best Transactor Credit Card and received the 2017 Australian Retail Banking Award for being the Best Financial Institution in Corporate Social Responsibility.
Additionally, Beyond Bank was the first Australian bank to become B-Corp certified, which signifies their dedication to being a force for good in the greater Australian community. As their website details, this means they "have met the highest standards of overall social and environmental performance, transparency and accountability."
To highlight this, Beyond Bank:
Gives staff two paid days per year to volunteer in the community
Supports flexible working environment for employees
To apply for a home loan with Beyond Bank, you can contact the bank in person at a local branch, over the phone, or online. You can also use a mortgage broker to help streamline the process and decide which product is the best one for you.
As always, it is best to be prepared before you apply for a mortgage, so double-check that you have all the necessary information ready and available before you apply.
Here are some important things to know before applying for a loan:
You will need to be at least 18 years of age to apply for a home loan
You will need to be able to provide evidence of your income when you apply, so make sure you hang on to your tax returns, pay slips, and other financial details
Alongside your income, Beyond Bank, just like any other lender, will want to examine your assets and debts
You will also need to be able to prove your identity – through a passport, a state ID, etc.
Any information about the property you are looking to buy (if you already found one that strikes your fancy)
The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Infochoice group. In the interests of full disclosure, the Infochoice Group are associated with the Firstmac Group. Read about how Infochoice Group manages potential conflicts of interest, along with how we get paid.
Savings.com.au Pty Ltd ACN 161 358 363 operates as an Australian Financial Services Licensee and an Australian Credit Licensee Number 515843. Savings.com.au is a general information provider and in giving you general product information, Savings.com.au is not making any suggestion or recommendation about any particular product and all market products may not be considered. If you decide to apply for a credit product listed on Savings.com.au, you will deal directly with a credit provider, and not with Savings.com.au. Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au's Financial Services and Credit Guide (FSCG) The information provided constitutes information which is general in nature and has not taken into account any of your personal objectives, financial situation, or needs. Savings.com.au may receive a fee for products displayed.
Share