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Loan Interest Rates

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Loan interest is calculated daily by multiplying the unpaid balance of the account at the end of the day by the daily percentage rate. The daily percentage rate is the Annual Percentage Rate divided by 365. Interest is charged monthly and on the day you pay the balance of the loan. All rates quoted are Annual Percentage Rates. Fees and charges are payable. Terms and conditions available on request. Rates are subject to change without notice.

SERVICE ONE Alliance Bank loan rates effective 4 October 2017.

P+I = Principal and Interest, IO = Interest Only

HOME LOANS (owner occupied)

  Interest Rate (P+I) Comparison Rate (P+I) Interest Rate (IO) Comparison Rate (IO)
Standard Variable Home Loan 5.10% p.a. 5.23% p.a.** 5.90% p.a. 6.03% p.a.**
> for loans of $500,000 or more+ 4.35% p.a. 4.48% p.a.** 5.15% p.a. 5.28% p.a.**
> for loans between $250,000 - $499,999+ 4.45% p.a. 4.58% p.a.** 5.25% p.a. 5.38% p.a.**
> for loans between $50,000 - $249,999+ 4.60% p.a. 4.73% p.a.** 5.40% p.a. 5.53% p.a.**
> for loans less than $50,000 5.10% p.a. 5.23% p.a.** 5.90% p.a. 6.03% p.a.**
- variable rate discount secured for life-of-loan
+discounted rates applicable to loans funded from 25 September 2015
- 100% offset and redraw available
One Year Fixed Rate 4.44% p.a.* 4.71% p.a.** 4.94% p.a. 5.35% p.a.**
Two Year Fixed Rate 4.04% p.a.* 4.63% p.a.** 4.64% p.a. 4.88% p.a.**
Three Year Fixed Rate 4.24% p.a.* 4.63% p.a.** 4.74% p.a. 4.92% p.a.**
Four Year Fixed Rate 4.64% p.a.* 4.74% p.a.** 5.14% p.a. 5.30% p.a.**
Five Year Fixed Rate 4.64% p.a.* 4.75% p.a.** 5.14% p.a. 5.28% p.a.**
HomePlus line-of-credit
- continuing credit line (draw up to approved amount)
5.35% p.a. N/A    

 HOME LOANS (investment purposes)

  Interest Rate (P+I) Comparison Rate (P+I) Interest Rate (IO) Comparison Rate (IO)
Standard Variable Investment Home Loan 5.75% p.a. 5.88% p.a.** 6.30% p.a. 6.43% p.a.**
> for loans of $500,000 or more+ 5.00% p.a. 5.13% p.a.** 5.55% p.a. 5.68% p.a.**
> for loans between $250,000 - $499,999+ 5.10% p.a. 5.23% p.a.** 5.65% p.a. 5.78% p.a.**
> for loans between $50,000 - $249,999+ 5.25% p.a 5.38% p.a.** 5.80% p.a. 5.93% p.a.**
> for loans less than $50,000 5.75% p.a. 5.88% p.a.** 6.30% p.a. 6.43% p.a.**
- variable rate discount secured for life-of-loan^
+discounted rates applicable to loans funded from 25 September 2015
- 100% offset and redraw available
One Year Fixed Rate 4.49% p.a.* 5.30% p.a.** 4.94% p.a. 5.35% p.a.**
Two Year Fixed Rate 4.39% p.a.* 5.22% p.a.** 4.64% p.a. 4.88% p.a.**
Three Year Fixed Rate 4.49% p.a.* 5.17% p.a.** 4.74% p.a. 4.92% p.a.**
Four Year Fixed Rate 4.89% p.a.* 5.25% p.a.** 5.14% p.a. 5.30% p.a.**
Five Year Fixed Rate 4.79% p.a.* 5.18% p.a.** 5.14% p.a. 5.28% p.a.**
HomePlus line-of-credit
- continuing credit line (draw up to approved amount)
6.15% p.a. N/A    

*Reverts to standard variable rate tier that applies to the loan amount at funding.

**Comparison rate calculated on a secured loan amount of $150,000 over a term of 25 years based on monthly repayments. Calculated using the $50,000 - $249,999 standard variable tier.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

All comparison rates are calculated with a nil offset balance. 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 term to the fixed period. During an interest only period, your interest only payments will not reduce your loan balance and so you may pay more interest over the life of the loan.

^Life-of-loan discounts are honoured subject to meeting terms and conditions and making no variation to your associated loan contract(s).

PARTIAL OFFSET FACILITY (for fixed rate home loans from 1 August 2017)

Mortgage Offset Account (S67) 3.82% p.a.

PERSONAL/CAR LOANS, PERSONAL LINE-OF-CREDIT (OVERDRAFT) AND CARDS

PERSONAL/CAR LOANS Interest Rate Comparison Rate
Fixed Rate Personal Loan (secured)
- fixed for the term of the loan
- can be used for the purchase of new or used cars
7.79% p.a. 8.38% p.a.^
Variable Rate Personal Loan (unsecured or secured)
- for any worthwhile purpose
- can be used for debt consolidation or refinancing
9.99% p.a. 10.54% p.a.~
Fixed Rate Eco Personal Loan (secured)
- fixed for the term of the loan
- for the purchase of environmentally friendly solutions
6.79% p.a. 7.39% p.a.^
Variable Rate Eco Personal Loan (unsecured)
- for the purchase of environmentally friendly solutions
9.99% p.a. 10.54% p.a.~

Available for loans funded from 25 September 2015.

STUDENT OPTIONS Interest Rate Comparison Rate
Student Visa card with credit facility 15.00% p.a. N/A
PERSONAL LINE-OF-CREDIT (OVERDRAFTS) AND CARDS Interest Rate Comparison Rate
Personal line-of-credit (overdraft)
- attached to Day to Day Account
16.50% p.a. N/A
Visa Credit Card 12.24% p.a. N/A
Visa card with overdraft/credit facility 15.25% p.a. N/A

Visa card with overdraft/credit facility secured by a:
- Owner Occupied home loan (effective 4 Jan 2017)
- Investment home loan (effective 4 May 2017)


5.10% p.a.*
5.60% p.a.+

N/A
N/A

^Comparison rate calculated on a secured loan amount of $30,000 over a term of 5 years based on monthly repayments.

~Comparison rate calculated on an unsecured loan amount of $30,000 over a term of 5 years based on monthly repayments.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

*Interest rate linked to owner occupied standard variable rate.

+Interest rate linked to existing investment standard variable rate. 

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