Smart Start (Discount Variable Home Loan)


This information is provided for existing borrowers only. This product is not available for new loans.


Features and benefits



Loan term

Maximum 30 years

Minimum loan amount

No minimum

Maximum loan amount

  • Owner-occupied - 95% of property value*
  • Investment - 90% of property value*

Repayment type

  • Principal and interest
  • Interest only (maximum 1 year; subject to approval)

Repayment options

  • Weekly
  • Fortnightly
  • Monthly

Additional repayments

Yes – make unlimited additional repayments any time and pay off your loan sooner.

Redraw (application form PDF 398kb)

Yes – redraw allows you to easily access your advance repayments, minimum $100. Available through Internet Banking subject to approval.

100% Mortgage Offset facility

Internet BankingYes

*Requires mortgage insurance if the amount borrowed is more than 80% of the valuation of the security property. 


Interest rates

Annual percentage rate (% p.a.)All Smart Start loans have now been converted to the relevant standard variable home loan rate.
Reference ratesThe Standard Variable Housing Rate and the Standard Variable Investment Housing Rate is available on the Today's rates page.


Fees and charges

Home loan fee: $10.00 each month
Mortgage benefit fee: $2.00 each month
Fee savings: You can nominate one of your Ultimate Accounts to be free of monthly account maintenance fees.


Important information

Please view the terms and conditions listed below on the Terms and Conditions page:

  • Personal Banking Guide to Fees and Charges
  • Personal Lending Supplementary Terms and Conditions