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Home Loan Variable: 5.38% (6.14%*) • Home Loan Fixed: 5.44% (6.26%*) • Fixed: 5.44% (6.26%*) • Variable: 5.38% (6.14%*) • Investment IO: 5.84% (7.27%*) • Investment PI: 5.84% (6.19%*)

  Reward Me Variable Rate Home Loan

Our Reward Me Variable Rate Home Loan offers competitive interest rates and extra flexibility with the ability to redraw and make unlimited additional repayments - so that if things change you can too
Category: Home Loans  Last Updated October 15, 2024  Effective December 18, 2024

 General Lending Rates

Rates listed below are for a VARIABLE Owner Occupied P&I product. Additional Information Total borrowings between $500,000 and $750,000, P&I, Owner Occupied, LVR Less than or equal to 60%
Interest Rate
6.44% PA
Comparison Rate
6.58%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 6.79%, Comparison Rate 6.82%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Amount
Minimum: $750000.01 Maximum: $
  LVR
Minimum: 90.01 PERCENT Maximum: PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 8.87%, Comparison Rate 9.01%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.79%, Comparison Rate 6.82%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 6.59%, Comparison Rate 6.73%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
  • Lending Rate Type: Variable
  • Interest Rate: 7.19%, Comparison Rate 6.92%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 7.34%, Comparison Rate 7.48%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Amount
Minimum: $75000.00 Maximum: $500000.00
  LVR
Minimum: 90.01 PERCENT Maximum: PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 8.87%, Comparison Rate 9.01%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 6.59%, Comparison Rate 6.73%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.94%, Comparison Rate 7.08%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $750000.01 Maximum: $
  LVR
  • Lending Rate Type: Variable
  • Interest Rate: 6.79%, Comparison Rate 6.82%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
  • Lending Rate Type: Variable
  • Interest Rate: 6.44%, Comparison Rate 6.58%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.44%, Comparison Rate 6.58%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $750000.01 Maximum: $
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.59%, Comparison Rate 6.73%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Amount
Minimum: $750000.01 Maximum: $
  LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.94%, Comparison Rate 7.08%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 6.44%, Comparison Rate 6.58%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 7.19%, Comparison Rate 6.92%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
Minimum: 90.01 PERCENT Maximum: PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 8.87%, Comparison Rate 9.01%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $750000.01 Maximum: $
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 7.19%, Comparison Rate 6.92%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  LVR
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 6.44%, Comparison Rate 6.58%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $750000.01 Maximum: $
  LVR
  • Lending Rate Type: Variable
  • Interest Rate: 6.44%, Comparison Rate 6.58%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 6.94%, Comparison Rate 7.08%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 7.34%, Comparison Rate 7.48%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Amount
Minimum: $750000.01 Maximum: $
  LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 7.34%, Comparison Rate 7.48%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
  • Lending Rate Type: Variable
  • Interest Rate: 6.59%, Comparison Rate 6.73%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  LVR
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 6.79%, Comparison Rate 6.82%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  Amount
Minimum: $750000.01 Maximum: $
  LVR
  • Lending Rate Type: Variable
  • Interest Rate: 6.59%, Comparison Rate 6.73%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 7.34%, Comparison Rate 7.48%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  LVR
  Amount
Minimum: $750000.01 Maximum: $
  • Lending Rate Type: Variable
  • Interest Rate: 7.19%, Comparison Rate 6.92%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 7.34%, Comparison Rate 7.48%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Amount
Minimum: $750000.01 Maximum: $
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.79%, Comparison Rate 6.82%
  • Repayment Type: Interest Only
  • Loan Purpose: Investment
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 7.19%, Comparison Rate 6.92%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  LVR
  Amount
Minimum: $75000.00 Maximum: $500000.00
  • Lending Rate Type: Variable
  • Interest Rate: 7.19%, Comparison Rate 6.92%
  • Repayment Type: Interest Only
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $750000.01 Maximum: $
  LVR
Minimum: 80.01 PERCENT Maximum: 90 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 7.34%, Comparison Rate 7.48%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment
  Amount
Minimum: $750000.01 Maximum: $
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.44%, Comparison Rate 6.58%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Owner Occupied
  Amount
Minimum: $500000.01 Maximum: $750000.00
  LVR
Minimum: 60.01 PERCENT Maximum: 80 PERCENT
  • Lending Rate Type: Variable
  • Interest Rate: 6.59%, Comparison Rate 6.73%
  • Repayment Type: Principal And Interest
  • Loan Purpose: Investment

 Product Features

  • Offset Additional Information: Our Reward Me Home Loan comes with a Home Loan Companion Account that we'll open for you. Every dollar that you keep in this account offsets the interest costs on your variable rate loan, so it reduces the amount of interest you'll have to pay on your home loan and will help you pay it off sooner. Now, that makes perfect sense! As long as you have a positive balance in this account, you won't be charged any ongoing fees for maintaining it. We'll use this account to debit ongoing fees and charges across your loans and you can use it to make the repayments on your loan.
  • Other Additional Information: You can split your borrowings and lock in a portion of your loan with a fixed rate to get repayment certainty over a fixed period. That way you'll have some protection if rates rise during that period, but maintain some flexibility with the variable portion of your loan to make extra repayments or access funds through redraw if things change.
  • Redraw Additional Information: If you're ahead of your minimum repayments, you can redraw those funds online at any time (minimum redraw amount $100) with no extra charges.
  • Other Additional Information: We recognise and reward the value of our customers with discounted variable interest rates based on loan size and loan-to-value ratio
  • Other Additional Information: Unlimited additional repayments

 Product Eligibility

  • Other Additional Information: Purchase or refinance of residential property
  • Other Additional Information: Constructon of residential property
  • Other Additional Information: Multiple applicants and guarantors
  • Other Additional Information: Property improvements (including renovations)
  • Other Additional Information: Purchase of vacant land & construction (home & land package
  • Other Additional Information: Applicants with PAYG income
  • Natural Person Additional Information: Individual and joint personal applicants, no companies or trusts

 Bank Fees and Charges

  • Home Loan Fee (Periodic), Amount: 10.0000. Additional Information: Charged to each loan account on every repayment date (monthly)
  • Cheque Dishonour Fee (Event), Amount: 15.0000. Additional Information: $15 for each item. Banking of cheques only available at settlement.
  • Valuation Fee (Event), Amount: 0.0000. Additional Information: First Valuation - Free. Any further valuation will be charged for. The amount of the fee, will be the fee charged by the appointed Valuer and will vary depending on the location and value of the property
  • Document Variation Fee (Event), Amount: 200.0000. Additional Information: Payable if a new set of loan documents needs to be issued due to a change in your requirements
  • Call Fee (Event), Amount: 50.0000. Additional Information: Charged whenever we visit you after a default has occurred.
  • Additional Security Fee (Event), Amount: 150.0000. Additional Information: Payable when more than one security is required
  • Settlement Fee (Upfront), Amount: 150.0000. Additional Information: Payable for completing settlement of your loans
  • Consent Fee (Event), Amount: 300.0000. Additional Information: Payable wherever we give consent (following a request from you) to a change in security
  • Mortgagee Sale Fee (Event), Amount: 400.0000. Additional Information: Charged for each property we hold as security for a loan facility where the lender commences mortgagee sale procedures (whether or not a sale is completed).
  • Notice Requiring Vacant Possession Fee (Event), Amount: 10.0000.
  • Notice To Tenant Requiring Vacant Possession Fee (Event), Amount: 10.0000.
  • Legal Review Fees - Complex (Event), Amount: 500.0000. Additional Information: Payable for each document that the Lender is required to review, amend or prepare and which is categorised by the Lender as a complex document. A complex document may include, but is not limited to: - agreements/deeds; or - amendment or preparation of a mortgage over lease, right of entry, mortgagee�s consent to lease.
  • Substitution Of Security Fee (Event), Amount: 300.0000. Additional Information: Payable if we agree to substitute one security for another security
  • Top Up Fee (Event), Amount: 150.0000. Additional Information: Payable when you apply to top up your loan (6 months or more after settlement) and we agree to increase
  • Default Fee (Event), Amount: 30.0000. Additional Information: Payable 10 days after a repayment date if you have not paid your repayment or any other payment in full on or before that repayment date.
  • Security Release Fee (full Or Partial) (Exit), Amount: 350.0000. Additional Information: Payable when we agree (at your request) to discharge a security
  • Production Fee (Event), Amount: 150.0000. Additional Information: Payable if a certificate of title or any security is required to be produced to another financial institution.
  • Application Fee (Upfront), Amount: 300.0000. Additional Information: Payable for processing application of your loans. Charged at settlement
  • Legal Review Fees - Standard (Event), Amount: 350.0000. Additional Information: Payable for each document that the Lender is required to review, amend or prepare and which is categorised by the Lender as a standard document. A standard document may include but is not limited to: - review of a consent document, power of attorney or a caveat; or - amendment or preparation of a consent document, deed of covenant, confidentiality agreement,cross guarantee and indemnity, deed of subordination, fixed charge or a deed of priority.
  • Power Of Sale Notice Fee (Event), Amount: 10.0000.
  • Demand Notice Fee (Event), Amount: 10.0000.
  • Switching Fee (Event), Amount: 300.0000. Additional Information: Charged for loans converted to another type of loan

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Download our 40-page First Home Buyer Guide. The book includes a large amount of information that will guide you during the buying process, and it provides you with information on your various finance options. 
FHB Guide Book
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