Residential and Residential Investing Home Term Loan Interest Rates

Rates valid from 4 December 2021  

Term Special Rates P.A* Standard Rates P.A.
Residential Floating Rate / First Home Loan Floating Rate 4.79%
Residential Investing Floating Rate   5.29%
6 months fixed 3.79% 4.29%
1 year fixed 3.45% 3.95%
18 months fixed 3.95% 4.45%
2 years fixed 3.99% 4.49%
3 years fixed 4.35% 4.85%
4 years fixed 4.59% 5.09%
5 years fixed 4.69% 5.19%
Default interest Rate
(Charged above the loan repayment account interest rate)
8.00% 8.00%

These rates apply to Residential Investing lending and Residential Home Loans only, excluding Reverse Equity Mortgages, and are subject to change.

*These rates are only available for Residential Home Loans with at least 20% equity and Residential Investing Lending with at least 40% equity, or First Home Loans with at least 5% equity. 

Specific lending and eligibility criteria apply. Lending Standard Contract Terms along with Credit Fees and Charges (including a $250 Loan Application Fee) also apply and are available on request and free of charge by clicking the above links, from any branch of SBS Bank, or by calling us on 0800 727 2265. 

More Information on Residential Home Loans and Residential Investing Lending can be found here 

Home Loan Flexi Rates

Rates valid from 16 October 2021

 Rate P.A.
Residential Floating Rate4.79%
Residential Investing Floating Rate5.29%
Default Interest Rate
(Charged above the then current
interest rate)
8.00%

These rates apply to Residential Investing lending and Residential Home Loans only, excluding Reverse Equity Mortgages, and are subject to change.

Specific lending and eligibility criteria apply. Lending Standard Contract Terms along with Credit Fees and Charges (including a $250 Loan Application Fee) also apply and are available on request and free of charge by clicking the above links, from any branch of SBS Bank, or by calling us on 0800 727 2265.

More Information on Residential Home Loans and Residential Investing Lending can be found here .

Reverse Equity Mortgage Rates

Rates valid from 30 November 2020

Product Rate P.A.
SBS Advance Floating Rate Loan   5.85%
SBS Unwind Floating Rate   5.85%
Default Interest Rate
(Charged above the then current
interest rate)

4.00%

These rates apply to Reverse Equity Mortgages only and are subject to change.

SBS Bank has suspended offering fixed rates on SBS Advance.

Specific lending and eligibility criteria apply. Lending Standard Contract Terms for SBS Unwind and SBS Advance Reverse Equity Mortgages along with Reverse Equity Mortgage Fees and Charges (including a $250 loan application fee) also apply and are available on request and free of charge by clicking the above links, from any branch of SBS Bank, or by calling us on 0800 727 2265.

More Information on SBS Unwind Reverse Equity Mortgages can be found here.

FirstHome Combo Rates

Rates valid from 6 November 2021  

Product Rate P.A.
FirstHome Combo 1 year fixed rate   2.29%
Residential Floating Rate discount of 2.55% (For Construction lending for first home buyers only)   2.24%
 

Rate and discount are for first home buyers with existing homes only (no new builds) and are subject to change.

First Home Loan, Residential lending and eligibility criteria, and minimum equity apply. Lending Standard Contract Terms along with Credit Fees and Charges (including a $250 loan application fee and a 1% FHL Premium Fee for First Home Loans) also apply and are available on request and free of charge by clicking the above links, from any branch of SBS Bank, or by calling us on 0800 727 2265.

FirstHome Combo Terms and Conditions apply and are available here

 

Share Term Investment Rates

Interest Paid at Maturity

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Please try again later or contact us on 0800 727 2265 during business hours for available investment rates.

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Interest Paid Monthly or Quarterly

These rates are currently unavailable. We apologise for the inconvenience.
Please try again later or contact us on 0800 727 2265 during business hours for available investment rates.

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Minimum deposit $1,000 – maximum deposit $5,000,000 Specific account opening criteria, Term Investment Terms and Conditions apply. 

 

SBS Visa Credit Card

Valid from 1 October 2018

Click here to view SBS Visa Credit Card Fees and Charges. 

Further Information on Lending Rates

The prevailing lending rate on the day of settlement will apply. Fixed lending rates can be booked, Terms and Conditions may apply.  If the fixed rate for the fixed term is not available, the current floating rate will apply. Please contact us at any branch of SBS Bank, or by calling us on 0800 727 2265 for more details.

SBS Bank may apply an additional margin to advertised interest rates (which would increase the applicable interest rate) for specific borrowers or a specific class of borrowers except for First Home Loans. Any additional margin is determined by SBS Bank and is based on various risk factors, including the borrower type and risk profile, the loan type, the term of the loan, the value and nature of the security, the loan-to-value ratio, debt serviceability and various other risk related criteria.

In the event of a default in payment on your loan and while the default continues you must pay interest at the Default Interest Rate on the overdue amount.