Latest Rates

Residential & Residential Investing Term Loan Rates:

Rates valid from 18 August 2016

TermStandard Rates P.A*Special Rates P.A**Low Equity Rates P.A***
Floating+5.54% 5.54%
6 months4.99%4.50%5.49%
12 months4.75%4.25%5.25%
18 months4.89%4.15%5.39%
24 months4.89%4.15%5.39%
36 months4.99%4.55%5.49%
48 months5.10%4.90%5.60%
60 months5.19%4.99%5.69%
Default interest Rate****
(Charged above the loan repayment account interest rate)
8.00%8.00%8.00%

Standard contract terms for Residential or Term Loan apply and are available here.

Credit Fees and Charges may apply, and are available here 

Rates, fees and charges are subject to change. Lending Eligibility Criteria and special conditions may apply.
+ Residential Investing floating rate is 0.50% above the standard rate.

Home Loan Flexi Rates:

Rates valid from 18 August 2016

TermRate
Residential Floating Rate5.54%
Residential Investing Floating Rate6.04%
Default Interest Rate*
(Charged above the then current
interest rate)
8.00%

Standard contract terms for either Residential or Residential Investing Transactional Facilities apply and are available here

Credit Fees and Charges may apply, and are available here.

Rates, fees and charges are subject to change. Lending Eligibility Criteria and special conditions may apply.

Advance loan rates:

Rates valid from 18 August 2016

Product Rate P.A
Floating Rate SBS Advance Loan   6.74%
Default Interest Rate*
(Charged above the then current
interest rate)

8.00%

SBS Bank has suspended the use of fixed rates on SBS Advance.


Share Investment Interest at Maturity Specials:

Rates valid from 2 August 2016 

TermRate
6 months3.30%
9 months3.30%
12 months3.25%
18 months3.30%
24 months3.35%
36 months3.40%

Minimum deposit $5,000 – maximum deposit $250,000

Share Investment Specials:

Rates from 2 August 2016 

TermInterest FrequencyRate p.a
6 monthsQuarterly3.25%
9 monthsQuarterly3.25%
12 monthsQuarterly3.20%
18 monthsQuarterly3.25%
24 monthsQuarterly3.30%
36 monthsQuarterly3.35%


important information

Rates, fees and charges are subject to change. Lending Eligibility Criteria and special conditions may apply.

The prevailing lending rate on the day of settlement will apply. These Fixed lending rates can be booked, ask for more details. If the fixed rate for that term is not available, the current floating rate will apply.

* These rates are only available for Welcome Home Loans and Residential lending with either a minimum of 20% equity or where QBE lenders mortgage insurance is already in place.

** Rates are subject to change without notice. These rates are only available for Residential and Residential Investing lending with at least $100,000 total lending and a minimum of 20% equity or 40% equity for Residential Investing. Not available with Welcome Home Loans, commercial or rural loans, or SBS Advance (Reverse Equity Mortgage) loans. Requires primary source of income paid into a SBS Bank transactional account and at least one SBS insurance product. SBS Insurance products are arranged and managed by Southsure Assurance Limited, a subsidiary company of SBS Bank (Southland Building Society). Credit Criteria and Standard Contract Terms for Residential and Residential Investing Term Loans apply. Credit Criteria applies. Standard Contract Terms for Residential and Residential Investing Term Loans apply and can be found here. Credit Fees and Charges may apply and can be found here.

*** These rates are available for new Residential and Residential Investing Lending with equity less than 20% or 40% equity for Residential Investing.

**** 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.

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. 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.



 
A copy of the current Southland Building Society (SBS Bank) Disclosure Statement along with our Investment Statement for Term Investments and QFE Adviser Disclosure Statement are available on request and free of charge from any branch or agency of SBS Bank or on this website here
© Southland Building Society, 2016