ZIP Home Loan
Our competitive rate home loan that comes with a $5000 limit Visa Debit Card which is interest free for the life of your loan.
ZIP Home Loan
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$5,000 interest free Visa debit card -
No monthly or ongoing fees
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Fee Free redraw on any additional repayments
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Pay your bills via BPAY
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Access your account via Smart Money app
Why our ZIP loan could be the right loan for you
Interest free Visa debit card
Enjoy the spending convenience that comes with a $5000 limit Visa Debit Card which is interest free for the life of your loan.
No monthly or ongoing fees
We don’t charge any monthly, annual or ongoing fees, so you can budget with confidence.
Unlimited free redraws
Looking to make extra repayments with a redraw? We have a full range of loan features to suit your situation.
Quick and easy process
Apply online or you can arrange a chat with one of our Australian based home lending specialists for a quick decision and easy application.
Need to know more? Here's the whole offer
Repayment Type
Maximum LVR of 80%
| Product | Interest rate from | Comparison rate |
|---|---|---|
| ZIP Home Loan | 5.69% p.a.* | 5.73% p.a.* |
| 20% deposit minimum | Yes |
|---|---|
| Up to 30 years loan term | Yes |
| Available for refinance or purchase | Yes |
| Unlimited additional repayments | Yes |
|
Yes |
| Application fee | $0 |
|---|---|
| Ongoing fees | $0 |
| Security assessment fee | $230## |
| Government fees | At cost |
| Settlement fee | $300 |
Nicole
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Frequently asked questions
When you settle your home loan, you will be issued a Visa debit card with a $5000 limit, which you can use for your day-today spending, or big purchases. The outstanding balance on the card will not be charged interest. In addition to that, the card does not have an ongoing fee, which is a great alternative to a credit card.
The $5,000 ZIP Visa Limit does form part of the overall loan limit; however, it will be in its own sub-account and be interest free and fully available to redraw upon. You can opt to make monthly payments, pay the balance back in full each month, or allow an automatic monthly sweep from your loan redraw balance. However, the $5,000 limit remains available for you for the entire loan term.
The $5,000 balance will be due in full at the end of your loan term, or when you discharge your loan with us.
The settlement process is different depending on each individual applicant's personal situation, but we generally say it can take anywhere between 4 to 6 weeks. To get to settlement, you'll need to apply, speak to one of our lending specialists, upload your documentation, get the property valued, have your loan approved and the documentation delivered and signed, then you'll settle.
After settlement, you'll nominate on your direct debit form when you start repayments. Our Customer Care team will also confirm your repayment dates when calling you at loan settlement. Additional repayments into a fixed home loan are allowed and are up to $10,000 per year.
You will need at least 20% deposit to be eligible.
Sarah
Lending Specialist
Real humans based in Brisbane, Australia
As an experienced lending specialist, Sarah and our team can answer all your questions to get you on track.
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Whatever your situation is, refinancing can have benefits. Think carefully if it makes sense to refinance your home loan.
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Home refinance loans are not a one-size-fits-all solution. When looking for the best home loans for refinancing, make sure your refinance options have the following.
Should you refinance your investment loan?
Like any investment strategy, you need to consider all the potential risks involved. There’s a right time and place for refinancing your investment loan. Before you delve right in, you need to review your investment carefully.
Can refinancing your home loan save money?
What is home loan refinance?
Tips for a Successful Home Loan Refinance
