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Homeloans Ultra

The Homeloans Ultra is our standard home loan offering a competitive interest rate and no ongoing fees. This option is best suited to those who want a simple, low cost home loan without all the extras. Great for first homebuyers!

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Homeloans Ultra features
Loan term 5 - 30 years
Loan purpose
  • Purchase
  • Refinance
  • Debt consolidation
  • Equity release
  • Construction**
  • Vacant land**
Borrower type
  • Individuals
  • Companies/ trusts
  • Non-residents^
Deposit requirements Borrow up to 90% of the purchase price. Borrow up to 95% LVR including LMI for owner occupied purchases#
Interest rate options
  • Variable
  • Fixed
  • Principal & interest
  • Interest only
Repayment frequency
  • Weekly
  • Fortnightly
  • Monthly
Repayment options
  • Salary credit
  • BPAY
  • Direct debit
Split product option Yes, package with Homeloans Ultra Line of Credit
Split rate option Yes. 1 - 5 year fixed rates available.
Redraw Yes*, available via phone and internet banking, ATM, EFTPOS, direct credit
Additional repayments Yes*
Internet and phone banking Yes
Loan portability Yes
Ongoing fees No    

**0.10% interest rate loading applies during construction period
^Additional lending criteria apply.
#Additional lending criteria and interest rate loading applies for loans above 90% LVR

*Not available during fixed rate period.
All applications are subject to normal lending criteria, fees and charges may apply.

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