Hi OzBargainers! Looking for a discounted variable-rate home loan with waived fees? Check out Beyond Bank’s Total Home Loan.
Beyond Bank 100% Offset Variable Loan Min. $400,000, up to 70% LVR: Owner-Occ 5.49% p.a. (CR 5.85%), Inv. 5.69% p.a. (CR 6.05%)
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AssociatedObtain Finance @ Obtain Finance on 09/07/2025 - 21:51 beyondbank.com.au (75 clicks)
Last edited 10/07/2025 - 17:28 by 1 other user
Last edited 10/07/2025 - 17:28 by 1 other user
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Monthly package fee: $0 for the first year (save $395)
such a scam fee
T1 bank fee from T3 bank yaw
still dont understand why you would take this offer, when unloan is cheaper and easier.
it doesnt have offset but instant redraw withdrawl if you need is practically the sameBig difference. Offset is important if don't actually want to pay off the loan for tax or investment purposes
Or Up bank - virtually the same starting interest rate (5.5%, albeit doesn't from 0.01% each year), and free offset. Also no discharge fees for later.
EDIT: Also Wiadro, you're not correct about the offset not being of benefit to individuals. Offsets are vitally important to maximise the deductible interest for investment loans for individuals. If you have a $100,000 loan, but only a redraw facility, if you put $20,000 in, it actually reduces the loan amount to $80,000. If you redraw that, in the ATOs rulings, you can only still deduct interest for the $80,000 unless you explicitly use that $20,000 redrawn for another investment purpose.
With an offset, if you have $100,000 loan, and you put $20,000 in the offset - when you withdraw that money, the ATO has ruled that because the loan itself wasn't reduced, interest is deducible at the full $100,000 loan amount.
Redraws actually can cause massive issues in working out what interest is deducible once you start putting money in and taking it out, starts getting very complex to track.
Looking for a 6 month loan before refinance. Any negatives of doing this. Lookinh at sellling investment December/ January
Package fee? What package?
No deal here, sorry.
What's your commission?
No Deal. Standard variable rate and offset that my bank already has
This isn't a competitive offer.
E.g. Up Bank 5.5% CR. With free offset AND redraw facility. No ongoing annual package fee. Beyond bank is 5.85% CR.
no cashback? then no deal….