Residential and Residential Investing Home Term Loan Interest Rates
Rates valid from 30 June 2022.
| Term |
Special Rates P.A* |
Standard Rates P.A. |
| Residential Floating Rate / First Home Loan Floating Rate |
5.79% |
| Residential Investing Floating Rate |
|
6.29% |
| 6 months fixed |
4.95% |
5.45% |
| 1 year fixed |
5.15% |
5.65% |
| 18 months fixed |
5.35% |
5.85% |
| 2 years fixed |
5.59% |
6.09% |
| 3 years fixed |
5.69% |
6.19% |
| 4 years fixed |
6.09% |
6.59% |
| 5 years fixed |
6.25% |
6.75% |
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 3 June 2022
| | Rate P.A. |
|---|
| Residential Floating Rate | 5.79% |
| Residential Investing Floating Rate | 6.29% |
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 3 June 2022
| Product |
Rate P.A. |
| SBS Advance Floating Rate Loan |
6.85% |
| SBS Unwind Floating Rate |
6.85% |
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 along with Reverse Equity Mortgage Fees and Charges (including a $250 loan application fee and a Lender Legal Fee for Individuals or Joint Borrowers of $690 and for Trusts of $747.50 for SBS Unwind and SBS Advance Loans (as applicable)) 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 1 July 2022
| Product |
Rate P.A. |
| FirstHome Combo 1 year fixed rate |
4.15% |
| Residential Floating Rate discount of 2.55% (For Construction lending for first home buyers only) |
3.24% |
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
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