Are there any hidden costs with Auswide Bank's fixed rate home loans?

Yes, break costs can apply if you decide to pay off your fixed rate loan early or switch to a variable rate before the term ends.

What should I expect if I want to refinance my home loan with Auswide Bank?

The refinance process usually takes 4-6 weeks, depending on the complexity of your situation. It’s a good idea to have all your documents ready to avoid delays.

How much can I save on my home loan by switching to Auswide Bank?

For a $500,000 loan, you could save $214 per month, totaling $76,978 over 30 years. A $1,000,000 loan could save you $428 monthly, adding up to $153,955 over the loan's duration.

What are the monthly repayments for a $600,000 loan at Auswide Bank?

With a 5.84% interest rate over 30 years, your monthly repayment would be $3,536, with a total interest of $672,894.

Are there any issues with the Auswide Bank mobile app?

Some users have experienced issues on Android devices that do not support 64-bit architecture. It’s recommended to check compatibility before relying on the app.

What is the discharge process like with Auswide Bank?

The discharge process takes about 10-15 business days after you submit the necessary forms. Make sure to plan ahead if you're considering switching lenders.

Does Auswide Bank offer any special benefits for online transactions?

Yes, their Instant Access Account provides unlimited free online transactions with no monthly fee, which can be a great way to manage your finances efficiently.

How does Auswide Bank's customer service stand out?

Customers frequently praise Auswide Bank for their excellent customer service, particularly noting the friendly and efficient face-to-face interactions, which are especially appreciated by elderly clients.

Are there any fees associated with Auswide Bank's term deposits?

There are no account or transaction fees for term deposits, but be aware that interest rates can vary, so it’s important to check the current rates before committing.

UPDATED JUL 7, 2026

Auswide Bank Ltd Home Loans: The 2026 Review

Award-winning home loans with no ongoing fees and unlimited free online transactions. Watch out for break costs on fixed rates. Ready to save with competitive rates?

Bheja Verdict

Very Good

4.1/5

✓

Competitive interest rates

✓

Established major bank

Check Eligibility

Auswide Bank Ltd Home Loans At a Glance

🏷️Best Rate Available

6.09%

Variable • Owner Occupied

💳Application Fee

Fee-free options available

📅Monthly Fee

Fee-free options available

Loan Range:$10K - $100.0M

LVR:Up to 95%

Products:95 variations

Offset Account:Available

Current Auswide Bank Ltd Home Loan Rates

Last updated: July 2026

Ineedaloanof

for

with

payments.I'mlookingfor

rateloanswitha

deposit.

Average Rate: 6.24%
Best Rate: 6.09%
Monthly Payment: $3,027

Advanced

Sort By

BASIC HOME LOAN
Auswide Bank Ltd
20%-30% DepositRedraw
6.09%
Interest Rate
Variable
6.12%
Comparison Rate*
$3,027
per month
Principal And Interest
Check Eligibility
Fees:
Application
$300
Discharge
$400+ other fees may apply
HOME LOAN PLUS
Auswide Bank Ltd
20%-30% DepositOffsetRedraw
6.09%
Interest Rate
Variable
6.44%
Comparison Rate*
$3,027
per month
Principal And Interest
Check Eligibility
Fees:
Application
$600
Ongoing/month
$10
Discharge
$400+ other fees may apply
BASIC HOME LOAN
Auswide Bank Ltd
10%-20% DepositRedraw
6.39%
Interest Rate
Variable
6.43%
Comparison Rate*
$3,124
per month
Principal And Interest
Check Eligibility
Fees:
Application
$300
Discharge
$400+ other fees may apply
HOME LOAN PLUS
Auswide Bank Ltd
10%-20% DepositOffsetRedraw
6.39%
Interest Rate
Variable
6.74%
Comparison Rate*
$3,124
per month
Principal And Interest
Check Eligibility
Fees:
Application
$600
Ongoing/month
$10
Discharge
$400+ other fees may apply

Auswide Bank Ltd Product Statistics

Real-time insights and market analysis

Auswide Bank Ltd offers 3 home loan products across 95 variations, the average variable rate is 6.54% p.a., the best available rate is 6.09% p.a..

Average Variable Rate

6.54%

31 products

Average Fixed Rate

6.84%

64 products

Best Available Rate

6.09%

Variable • Owner Occupied • P&I

Total Products

95 variations

Fee Summary

Application Fee

2% fee-free

$0 - $600

Monthly Fee

2% fee-free

$0 - $10

Discharge Fee

$400

Late Payment Fee

$15

Key Features

Across Auswide Bank Ltd's range: 81 include an offset account, 93 offer redraw, 95 allow extra repayments, 2 support split loans.

Offset Account

85%

Redraw Facility

98%

Extra Repayments

100%

Split Loan

Product Ranges

Auswide Bank Ltd's interest rates range from 6.09% to 9.76% p.a., maximum LVR from 60% to 95%, loan amounts span $10,000 to $100,000,000.

Interest Rates6.09% — 9.76%

Max LVR60% — 95%

Loan Amount$10K — $100.0M

Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.

How Auswide Bank Ltd Compares

FEATURE	Auswide Bank Ltd	Bank of Sydney	ME Bank - ME Go	MOVE Bank	Bank of Queensland Limited
Best Variable Rate	6.09%	6.09%	5.99%	5.99%	6.03%
Best Fixed Rate (3yr)	6.54%	—	6.49%	6.59%	6.49%
Application Fee	$0BEST	$400	$0	$600	$300
Monthly Admin Fee	$0BEST	$10	$0	$0	$10
Offset Account
Redraw Facility
Product Variations	95	31	200	28	68

💡

Bheja Insight: Auswide Bank Ltd waives application fees, saving borrowers hundreds compared to other major banks.

About Auswide Bank Ltd

Company overview and contact information

Auswide Bank Ltd, a wholly owned subsidiary of MyState Bank Limited, is a major bank headquartered in Bundaberg, Queensland. As an Authorised Deposit-taking Institution regulated by APRA, Auswide Bank offers a reliable and secure banking experience. With a focus on both branch and online services, they cater to a wide range of customers across Australia.

Auswide Bank provides a diverse array of home loan products, featuring 103 variations with interest rates ranging from 5.84% to 9.76%. Their offerings are designed to be flexible and affordable, making them suitable for various borrower needs. Notably, their home loans come without ongoing monthly fees, enhancing their appeal to cost-conscious customers.

What sets Auswide Bank apart is their reputation for award-winning home loans and competitive rates. Their commitment to flexibility and affordability, combined with their robust regulatory standing as an AFSL holder, positions them as a trusted choice for homebuyers seeking quality and value in their lending options.

Company Details

Legal Name: Auswide Bank Ltd

ABN: 89067729195

ACN: 067729195

Headquarters: Bundaberg, Queensland

Ownership: Wholly owned subsidiary

AFSL: 240896

Parent Company: MyState Bank Limited

Key Features

Auswide Bank Ltd offers award-winning home loans with competitive rates and flexible features, including no ongoing monthly fees and a comprehensive Freedom Package.

Offset Account

Auswide Bank Ltd offers a 100% offset account, allowing borrowers to reduce interest payments by offsetting their loan balance with savings. For example, a $50,000 offset can save up to $243 per month, equating to $2,916 annually.

Redraw Facility

The redraw facility at Auswide Bank Ltd enables borrowers to access extra repayments made on their home loan, providing financial flexibility for unexpected expenses or investment opportunities.

Extra Repayments

Borrowers can make unlimited extra repayments on their Auswide Bank Ltd home loan without incurring fees, enhancing the ability to pay off the loan faster and reduce interest costs.

No Ongoing Monthly Fees

Auswide Bank Ltd's home loans come with no ongoing monthly fees, offering cost savings and making budgeting simpler for borrowers.

Unlimited Free Transactions

With Auswide Bank Ltd, borrowers enjoy unlimited free transactions, enhancing convenience and reducing transaction-related costs.

Online Banking Features

Auswide Bank Ltd provides comprehensive online banking features, allowing borrowers to manage their loans and accounts digitally, including access to automated budgeting and bill payment services.

NPP Payments and PayID

Borrowers can receive funds via BSB/Number-based NPP payments and use their home loan as a target for an NPP PayID, facilitating faster and more flexible transaction options.

Split Loan Options

Auswide Bank Ltd offers split loan options, enabling borrowers to divide their loan into fixed and variable rate portions, providing both stability and flexibility in repayments.

Visa Debit Card

Borrowers with Auswide Bank Ltd can access a Visa Debit Card, providing easy access to funds and the ability to manage daily expenses seamlessly.

Line of Credit

The line of credit option allows borrowers to leverage their home equity, offering flexibility to draw funds up to the approved credit limit as needed.

Fees & Charges

Auswide Bank Ltd offers a transparent fee structure with various waivers and conditions, particularly for their Freedom Package loans. Borrowers can expect a range of fees depending on the specific home loan product they choose.

Fee Type

Amount

Description

Establishment Fee - Home Loan Plus

$600

Covers costs associated with establishing your loan. Waived for Freedom Package loans.

Settlement Fee

$100

Payable when processing the settlement of your loan. Waived for Freedom Package loans.

Account Service Fee - Home Loan Plus

$10/month

Charged for managing your account. Waived for Freedom Package loans.

Mortgage Release Fee

$400

Payable per mortgage when processing a request to release a security from your loan. Additional third party costs may apply.

Redraw Fee

$20

Charged when manually processing a request to redraw available funds from your loan account, excluding online redraws.

Establishment Fee - Basic Home Loan

$300

Covers costs associated with establishing your loan.

Valuation Fee - New Loans & Loan Increases

Variable

Initial valuation fee included in establishment or package fee up to certain limits. Subsequent fees may apply.

Complex Variation Fee

$300

Charged when processing a request that varies your product, security, interest rate, or repayment type. Waived for Freedom Package loans when changing interest rate/type.

Package Fee

$395/year

Annual fee for the Freedom Package, which includes various fee waivers and benefits.

Principal Increase Fee - Line of Credit

Charged when processing a request to increase the principal amount of your loan. Waived for Freedom Package loans.

Fees subject to change. Refer to lender documentation for current rates.

Eligibility Criteria

Auswide Bank Ltd offers home loans to a wide range of customers, emphasizing flexibility and accessibility for individuals meeting specific criteria.

Must be at least 18 years old.

Must be under 75 years old at the time of application.

Applicants must be natural persons, not legal entities.

Must be an Australian citizen or permanent resident.

Proof of steady income and employment is required.

A good credit history is necessary for approval.

Loan-to-Value Ratio (LVR) must be between 1% and 95%.

Minimum loan amount is $10,000.

Maximum loan amount is $99,999,999.

Property must be located in Australia.

Proof of identity and property details must be provided.

Important Notes

LMI may be required for loans with an LVR above 80%.
Foreign currency cheques will not be accepted after 1 July 2026.
Be cautious of bank impersonation scams when sharing personal information.
Auswide Bank offers flexible options such as 100% offset accounts and variable/fixed rate choices.

Auswide Bank Ltd Home Loan Pros & Cons

Our expert take on whether Auswide Bank Ltd is right for you

Pros

+Competitive rates aligned with market average
+No ongoing monthly fees
+Redraw facility and offset account available
+Positive customer service reviews
+Significant savings over the loan term

Cons

–No LMI waiver programs available
–Break costs for fixed rate loans
–Foreign currency cheques not accepted after July 2026

Best For

Borrowers seeking competitive rates with savings potential
Customers valuing personalized, in-person service
Homeowners wanting flexible repayment options

Not Ideal For

Borrowers needing foreign currency cheque services
Customers seeking LMI waivers

💡

Bheja Verdict: Auswide Bank Ltd offers competitive home loan rates with excellent customer service, making it a solid choice for borrowers seeking flexibility and savings.

Expert Secrets (Why Use Us?)

Insider knowledge about Auswide Bank Ltd that most borrowers don't know

LMI Cost Examples

1For a $500,000 loan at 85% LVR, LMI costs $6,000.

2At 90% LVR, the LMI for a $500,000 loan increases to $12,500.

3A $500,000 loan at 95% LVR incurs an LMI cost of $21,000.

4For a $750,000 loan at 85% LVR, LMI costs $9,000.

Fee Waivers

No monthly fee for the Everyday Access Account if you are an eligible Auswide Bank home loan or line of credit customer.

Offset Benefits

A $10,000 offset account can save you $49 per month, totaling $588 annually.

A $25,000 offset account can save you $122 per month, totaling $1,464 annually.

A $50,000 offset account can save you $243 per month, totaling $2,916 annually.

A $100,000 offset account can save you $487 per month, totaling $5,844 annually.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

5 Steps

Contact Auswide Bank: Call the customer service team at 1300 138 831 to initiate the discharge process and request the necessary forms. (Tip: Ensure you have your loan account details ready when you call.)

Complete and Submit Discharge Form: Fill out the discharge form accurately and submit it to Auswide Bank. This can usually be done via email or post. (Tip: Double-check all information to avoid processing delays.)

Pay Applicable Fees: Pay the mortgage release fee of $400 and any third-party costs that may apply. (Tip: Check if any fees are waived under specific loan packages, such as the Freedom Package.)

Wait for Processing: The bank will process your discharge request within 10-15 business days after receiving the completed form and payment. (Tip: Plan ahead by submitting your discharge request at least two weeks before your desired settlement date.)

Confirm Settlement: Once the discharge is processed, confirm the settlement details with your new lender or settlement agent. (Tip: Stay in contact with your settlement agent to ensure a smooth transition.)

Processing Times

Discharge Process10-15 business days after form submission

💡

Pro Tips

Submit your discharge request at least two weeks before your planned settlement date.
Ensure all forms are completed accurately to avoid delays.
Check if any fees are waived under specific loan packages.
Contact customer service for any clarifications early in the process.
Keep a copy of all submitted documents for your records.

Auswide Bank Ltd Mortgage Calculator

Estimate your repayments using current Auswide Bank Ltd home loan rates

Over 30 years, borrowing $480,000 at 6.09%, total cost including interest and known fees could be around $1,046,843. Estimated monthly repayment: $2,905.68.

Home loan option

Property price

Your deposit

Loan term (years)Repayment frequency

Estimated total cost over 30 years

$1,046,843

Estimated repayment

$2,905.68

monthly repayment

Amount you borrow: $480,000 · At 6.09% · Variable — can change with the market

Known fees in this estimate

Application fee: $300
Settlement fee: $100
Discharge fee: $400
Total ongoing fees (30 yrs): $0

How is this calculated?

Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.

The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.

Cost breakdown

Amount you borrow: $480,000
Total interest: $566,043
Upfront fees: $400
Ongoing fees: $0
Discharge fee: $400
Estimated total cost: $1,046,843

These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
Split loans and offset accounts aren't included in this estimate.
For product comparison and comparison rates, see the rates table above.

Still Unsure? Let a human handle it.

Not sure if Auswide Bank Ltd is right for you? Our brokers can help you compare options.

Frequently Asked Questions

After submitting your documentation, it typically takes 5-7 business days for conditional approval and an additional 3-5 business days for full approval.