The Aussie Optimizer 1 Year Discounted Basic Variable home loan is no longer available to new customers. You can no longer apply for this product. If you have any questions and would like to talk to us, please call 1300 44 55 66.



A standard variable home loan, with a range of flexible features that can be accessed at no extra cost.

Owner Occupier Principal and Interest Rate

Variable Rate from -
Year 1:  [rates|OO-Aussie-Optimizer-1-Year-Discounted-Variable-LVR<=80] % p.a. rate|OO-Aussie-Optimizer-1-Year-Discounted-Variable-LVR<=80 * 
Year 2 onwards:  [rates|OO-Aussie-Optimizer-1-Year-Onwards-Discounted-Variable-LVR<=80] % p.a. rate|OO-Aussie-Optimizer-1-Year-Onwards-Discounted-Variable-LVR<=80 * 
Comparison Rate : [comp-rates|OO-Aussie-Optimizer-1-Year-Discounted-Variable-LVR<=80] % p.a. comprate|OO-Aussie-Optimizer-1-Year-Discounted-Variable-LVR<=80 * 
Maximum LVR : 80%

Investor Loan Principal and Interest Rate

Variable Rate from -
Year 1:  [rates|INV-Aussie-Optimizer-1-Year-Discounted-Variable-LVR<=80] % p.a. rate|INV-Aussie-Optimizer-1-Year-Discounted-Variable-LVR<=80 * 
Year 2 onwards:  [rates|INV-Aussie-Optimizer-1-Year-Onwards-Discounted-Variable-LVR<=80] % p.a. rate|INV-Aussie-Optimizer-1-Year-Onwards-Discounted-Variable-LVR<=80 * 
Comparison Rate :  [comp-rates|INV-Aussie-Optimizer-1-Year-Discounted-Variable-LVR<=80] % p.a. comprate|INV-Aussie-Optimizer-1-Year-Discounted-Variable-LVR<=80 * 
Maximum LVR : 80%

Loan Size

Minimum - $100,000
Maximum - $5,000,000, dependent on LVR

Maximum LVR for other rates


Loan Term

Up to 30 yrs

Loan Repayments

Principal & Interest or Interest Only
Interest Only: Maximum term of 5 yrs
Interest rates vary between Principal & Interest and Interest
Only loans. For a full schedule of applicable rates click here.

Payment Frequency

Fortnightly or Monthly

Paid By

Direct Debit or Direct Salary Crediting

Additional Payments

Yes, any time free of charge


Internet, Phone, BPAY, ATM, EFTPOS

LMI Capitalisation for other rates

Yes up to maximum LVR of 95%


Application Fee


Loan Settlement Fee


Valuation Fee

Free for 1st valuation up to $300

Solicitors Fee

Advised by solicitor

Ongoing Fee



No fees to withdraw via internet or telephone access.
Automatic redraw min. $100 via website once access set up.

Split Loan

Yes at no extra cost
Pre settlement up to 2 splits.

Convert to fix

Yes at no extra cost



Discharge Fee


Variation Fee

you can apply for an increase to the principal 6 months after settlement. All loan variations are subject to approval.
$300 variation fee

More Info

What you get with this home loan

Not only a range of discounted rates, but it also comes with great flexible features.

  • Get discounted variable rates depending on the amount you borrow compared to the value of the property (loan to value ratio). The lower the LVR the higher the discount.
  • Redraw - make additional repayments to reduce your interest and redraw the extra funds whenever you need them.
  • Split the loan – fix the rate on part of it. It's free to do this before settlement.
  • Convert to a fixed rate – any time that you need to be certain about the amount of your monthly repayments.
  • Choose to pay interest only.
  • Choose between fortnightly and monthly repayments.
  • Access our BPAY functionality.
  • Get a deposit card and access any redraw via ATM, transactional fees may apply.

You'll also get online access to view all transactions associated with your loan, and a printed statement every 6 months. For additional statements you'll be charged $15.

This loan is portable, but if you choose to switch the property acting as security there is a $600 fee.

What you need to know about this loan

  • It's only for residential properties.
  • The maximum loan term is 30 years.
  • It's free to request a redraw via our website or our customer service team.
  • It's free to split the loan after settlement.
  • There are no deferred establishment fees.

Amount you can borrow

We assess the maximum amount that can be borrowed on a case by case basis. We generally consider a few things such as the size of your deposit and the Loan to Value Ratio (LVR). The LVR is the percentage of the property's value you wish to borrow.

How to make this loan work best for you

Get your salary paid into your loan account and redraw the funds you need. Remember, redraws are free if you request them online. This way you can reduce the amount of interest you need to pay and save money.

For a full schedule of applicable rates for these products, click here.

Keep researching

Ready to Apply?

Get expert Home Loans advice at no cost to you.
Free appointments at a time and place that suits you.

Free Appointment

or Call 1300 36 22 30