Basic Home Loan Owner Occupied

Our lowest variable rate

Basic Home Loan

No frills, no annual fees, just a lower rate.

Our simplest home loan
Extra repayments with no redraw fee^
No ongoing or monthly fees

5.29^%_p.a

Owner Occupied P&I. LVR above 60% - 70%^*

5.32^%_p.a

Comparison Rate¹

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Basic Home Loan rates and fees

Basic Home Loan variable rates

Owner occupied, principal and interest	Interest rate (p.a.)*	Comparison Rate (p.a.)¹
LVR up to 60%	5.24%	5.27%
LVR above 60% - 70%	5.29%	5.32%
LVR above 70% - 80%	5.34%	5.37%
LVR above 80% - 90%	5.84%	5.87%
LVR above 90%	6.29%	6.32%

One-off fees

Establishment fee
$0
Settlement fee
$400
Redraw fee
$0
Ongoing fees

Annual fee
$0
Monthly fee
$0

One-off fees
Establishment fee	$0
Settlement fee	$400
Redraw fee	$0

Ongoing fees
Annual fee	$0
Monthly fee	$0

Tools and calculators

Explore our range of calculators and tools, designed to help with estimating your loan repayments, borrowing power and more.

Loan repayments calculator

See what your repayments could be and how to pay off your loan faster.

Calculate loan repayments.

Borrowing power calculator

Work out how much you can expect to borrow based on your current salary and financial commitments.

Calculate borrowing power.

Loan comparison calculator

Compare two loans side by side and see which one could save you more.

Compare loans.

Stamp duty calculator

Determine the associated costs of buying a property, such as stamp duty and Government fees, specific to your state or territory.

Estimate stamp duty.

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Terms and Conditions

Important Information

Interest Rates effective 16 October 2025.

Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.

* Interest rates apply to new lending only.

^{^} Minimum redraw is $500.

1. Comparison rate calculated on a secured loan amount of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Comparison rates for variable Interest Only loans are based on an initial 5-year Interest Only period. Comparison rates for fixed Interest Only loans are based on an initial Interest Only period equal in length to the fixed period. During an Interest Only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan. Fees and charges apply. Terms and conditions available upon request.

2. Excesses and exclusion periods may apply. Refer to your Certificate of Insurance. For detailed terms, conditions, limitations, and exclusions, please read the Product Disclosure Statement.

Victoria Teachers Limited ABN 44 087 651 769 , AFSL/Australian Credit Licence Number 240 960 acts under its own AFSL and under an agreement with the issuer Insurance Australia Limited ABN 11 000 016 722, AFSL 227681 under the CGU brand. Any advice provided is general advice only and does not take into account your individual objectives, financial situation or needs (your personal circumstances). Before using this advice to decide whether to purchase a product, you should consider your personal circumstances and the relevant the Product Disclosure Statement and Target Market Determinations from Disclosure Documents.