Home loan options
When life changes, your loan can too
Your home loan doesn’t have to stay exactly as it was on day one.
As your life and the market changes, your loan should too. Whether your fixed rate is ending, you’re wondering if you’re still on a competitive deal, or you’re ready to take more control, there are ways to adjust your loan without starting from scratch.
Want to make sure you’re getting the most out of your loan? A quick home loan health check can help you explore whether your loan still suits your needs. Here’s a breakdown of your main options as an existing Bank First home loan member.
Explore loan structures
Variable: Allows extra repayments, redraw funds1, and potential benefits if rates fall.
Fixed: Interest stays the same for a set term, giving predictable repayments for that period2.
Split: Part fixed for certainty, part variable for flexibility3.
Switch your home loan product
Looking to make bigger changes but want to stay with Bank First? We don't charge a switching fee if you switch your current home loan to another Bank First home loan product. There may be a product with features that better suit your needs (like an offset account or flexible repayments).
Increase your home loan
For home improvements, extra holiday funds, consolidating debt or draw out equity from your home.
1For our redraw facility, the Minimum redraw is $500.
2Break costs may apply if you exit during the fixed rate term.
3Available on the Premier Package Home Loan only.
Important Information: The information in this article does not consider your objectives, financial situation or needs. Consider the suitability of this information and refer to the Terms and Conditions or Product Disclosure Statement before acting on any of the information or acquiring a product. Our Terms and Conditions and Product Disclosure Statements is available on our website and at our branches or call 1300 654 822.