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60 month $5k+ |
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First Home Buyer Banking Package
Buying your first home can be one of the most exciting yet stressful times of your life - there are so many things to consider. SERVICE ONE's First Home Buyer Banking Package is designed to simplify your banking and save you hard-earned cash. So if you qualify for the First Home Buyer's Grant and you're looking for a loan amount more than $75,000, this is the package for you. A summary of this package's features is offered below:
| Interest rate discounts | A discounted 1-year introductory fixed rate for the first year. 0.25% off the Standard Variable Rate Home Loan rate for the second and third year. |
| Competitive interest rates | View our interest rates. |
| Discounts on everyday banking | No monthly Membership Service Fee. Unlimited free withdrawals and rediATM withdrawals. |
| Other discounts | 50% off the Mortgage Application Fee. No monthly Loan Service Fee. |
| Personal loan discounts | No application fee. |
| Tailored borrowing amounts | We lend up to 80% of the property value or up to 97% of the property value with Mortgage Insurance. |
| Loan Repayment Insurance | This insurance helps you cover your loan repaments should anything occur. |
In addition:
- You will earn a 0.10% bonus on published interest rates for term deposits.
- By having a home loan with SERVICE ONE, you can enjoy a Visa card at the Standard Variable Home Loan rate.*
- You will receive a 10% discount on SERVICE ONE's insurance solutions.
- You will receive a 10% discount on all Travelex foreign exchange services.
- You will receive a free Entertainment Book.
- You don't have to worry about a banking package fee.
- Conditional approval can be granted within a matter of hours upon receipt of your application.
What you could save
The First Home Buyer Banking Package is designed to get you on your way to home ownership. For example, if you borrow $150,000 to purchase your home and a $10,000 personal loan to finance a family holiday, you would be entitled to the following savings...
| Savings year 1 | Savings year 2 | Savings year 3 | |
| Lending/investment products Home Loan Application Fee Standard Variable Home Loan interest rate (0.25% discount) Personal Loan Application Fee |
$250 $0 $150 |
$0 $375 $0 |
$0 $375 $0 |
| Insurance premium discount# Home and contents Travel Motor vehicle |
$40 $15 $40 |
$40 $15 $40 |
$40 $15 $40 |
| Banking package fee | $0 | $0 | $0 |
| Annual savings | $495 | $470 | $470 |
| Total savings over 3 years^ | $1,435 | ||
# An additional benefit of having a home loan with SERVICE ONE is it allows you to enjoy a Visa card (conditions apply) at the Standard Variable Home Loan interest rate.
* Insurance premium discounts are calculated on a 10% reduction of an average policy and may vary with the nature and value of the policy taken.
^ Total savings figures are indicative only and may vary depending upon the amounts borrowed, how products and services are used and the nature of insurance products selected.
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