Home loans
Simple steps to buying your first home
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Why choose our FlexiDiscount variable rate home loan offer?
Whether you're purchasing your first home, upgrading, downsizing or reviewing your current loan, having the right banking partner may make all the difference.
Competitive interest rate
A home loan rate designed to help make your repayments more manageable.
Borrow up to 90% LVR
Get where you want to go sooner with lending available up to 90% of your property's value.
Upfront fees waived1
Apply during the campaign period and we'll waive upfront fees on FlexiDiscount Home Loans up to 90% LVR, helping reduce the cost of getting started.
A flexible home loan with great benefits
Keep your options open - Make extra repayments when you can and access them later through redraw2.
Pay your way - Choose weekly, fortnightly or monthly payments to suit you.3
Keep your money in your pocket – No ongoing or annual fees.
Borrow with confidence - Local Tasmanian lending specialists supporting you from application through to settlement.
Get started today
We'll review your application based on our standard lending criteria, terms and conditions.
1. Complete the enquiry form
Click below & fill in a few important details to get the ball rolling.
2. Talk to a lender
Once we receive your enquiry, we'll be in touch to discuss your goals and guide you through the process.
Are you looking to...
Move in?
Buying your first home?
Whether you're buying your first apartment, townhouse or family home, our team can help you understand your options and guide you through the process. With lending available up to 90% LVR and flexible repayment options, we'll help you take the next step with confidence.
Move out?
Found your next home?
Whether you're upsizing, downsizing or relocating, a competitive variable rate and local lending support can help make your move easier. We'll work with you to understand your goals and explore lending options that align with your circumstances.
Move up?
Ready to make your home loan work harder?
Your financial needs can change over time, which is why it's worth reviewing whether your current home loan still suits you. For a limited time, eligible upfront fees on new FlexiDiscount home loan applications will be waived, making it an ideal time to explore what's possible.
Thinking about switching?
Your home loan should work just as hard as you do. If you're wondering whether your current loan is still right for you, now could be a good time to explore your options.
For a limited time, we're waiving upfront fees1 on new FlexiDiscount home loan applications, excluding construction loans and offering a competitive variable rate with lending available up to 90% property value.
Our local lending specialists will take the time to understand your circumstances, explain your options, and guide you through the process from application to settlement.
Competitive variable interest rate.
Eligible upfront fees waived during the campaign period1.
Borrow up to 90% property value.
Local lending decisions and support.
Helping Tasmanians own their future with a smart variable rate
As Tasmania’s only customer-owned bank, we’re committed to helping Tasmanians at every stage of life feel confident about their financial future. Offering simple home loan options like this one is just one way we do that.
Our team of lending specialists can guide you through the options and see what’s possible. Talk to us today to find out how we can help you make your home ownership plans come to life.
Frequently Asked Questions
Yes. If you currently have a home loan with another lender, you may be able to refinance to Bank of us. Our lending specialists can help you understand your options and guide you through the application process. Lending criteria, terms and conditions apply
For a limited time, upfront fees for new FlexiDiscount home loan applications up to 90% property value will be waived, excluding construction loans. Speak with our team for full details of the offer, eligibility requirements and any fees and charges that may still apply.
A variable rate home loan offers flexibility and features that can help you manage your loan as your circumstances change. With the FlexiDiscount home loan, you'll have access to features such as extra repayments, redraw facilities and flexible repayment options. Because the interest rate is variable, it may increase or decrease over the life of the loan.
Yes. The FlexiDiscount home loan allows you to make additional repayments without penalty. Paying more than the minimum repayment may help reduce the interest you pay over the life of your loan.
Our FlexiDiscount home loan doesn't have a separate offset account but you'll be able redraw funds without penalty if you are in advance on your loan repayments.
LVR stands for Loan to Value Ratio. It compares the amount you want to borrow against the value of the property you're buying or refinancing. A higher LVR may affect the amount you can borrow and whether lenders mortgage insurance is required.
Want to crunch some numbers?
Use our home loan calculators to get an idea of your financial position4.
Loan Repayments Calculator
Borrowing Power Calculator
Extra Repayments Calculator
Loan Comparison Calculator
Lending criteria, terms and conditions, including fees and charges apply. Full details available on application. ^Available for new lending up to 90% property value. Interest rate is subject to change.
#Comparison rate based on a $150,000 secured loan over 25 years.
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.
1Fee waiver excludes construction loans.
2 Redraw without penalty when you are ahead of your repayments.
3 Subject to satisfying the minimum monthly repayment detailed in the loan contract.
4 Calculator results are estimates only and do not represent an offer of credit. All applications are subject to Bank of us credit assessment and lending criteria.
This information is general advice only and does not take into account your individual objectives, financial situation or needs.
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Bank of us acknowledges and pays respect to the palawa - Tasmanian Aboriginal people - as the traditional owners of all the lands and waters. And we pay our respects to Elders past, present and emerging for they hold the knowledge, memories and culture of Aboriginal people in lutruwita/ Tasmania.
Bank of us is a trading name of B&E Ltd
ABN: 32 087 652 088
AFSL & Australian Credit Licence: 236870
BSB: 632 001
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