Auswide Bank Ltd Home Loans: The 2026 Review

Auswide Bank Ltd was established in 1966 in Bundaberg, Queensland, initially as a building society. The bank was created to offer a genuine alternative to the major banks, focusing on providing personalised and community-oriented financial services. Over the years, Auswide Bank transitioned into a fully-fledged bank, marking a significant milestone in its history. In 2025, it merged with MyState Bank, becoming a wholly owned subsidiary of MyState Limited while maintaining its independent operations.

Today, Auswide Bank is recognised as a strong regional player in the Australian banking sector. It differentiates itself by offering a combination of branch and online services, catering to homebuyers, investors, and owner-occupiers. The bank provides award-winning home loans with flexible features such as 100% offset accounts and redraw facilities, along with competitive interest rates ranging from 5.84% to 9.76%. These offerings highlight its commitment to delivering value-driven banking solutions.

Auswide Bank targets customers seeking a more personalised banking experience outside of the major banks. It actively participates in government schemes like the First Home Guarantee and Family Home Guarantee, supporting first-time buyers with low deposit options. With its focus on community engagement and customer service, Auswide Bank remains a compelling choice for those in regional Australia looking for tailored financial solutions.

• Legal Name: Auswide Bank Ltd
• ABN: 89067729195
• ACN: 067729195
• Established: 1966
• Headquarters: Bundaberg, Queensland
• Type: Public Company
• Ownership: Independent

• Website: https://auswidebank.com.au
• Phone: 1300 138 831

Auswide Bank Ltd offers a range of flexible home loan features designed to provide borrowers with financial flexibility and cost savings. With competitive interest rates and a focus on personalised service, Auswide Bank stands out as a strong regional alternative to major banks.

• Redraw Facility: Auswide Bank's redraw facility allows borrowers to access extra repayments made on their home loan. This feature provides financial flexibility, enabling access to funds when needed without additional charges.
• Extra Repayments: Borrowers can make additional repayments on their loans without incurring fees. This capability helps reduce the principal faster, potentially saving on interest over the life of the loan.
• Offset Account: A 100% offset account is available, which can be linked to the home loan to reduce interest payments. By offsetting the loan balance with savings, borrowers can effectively lower the interest payable, enhancing financial efficiency.
• NPP Payments: Auswide Bank supports receiving funds via BSB/Number based NPP payments, offering convenience and speed in managing transactions. This feature simplifies the process of transferring funds directly to the loan account.
• NPP PayID: The home loan can be used as the target for an NPP PayID, allowing for easy and secure payments. This adds a layer of convenience for borrowers managing their finances digitally.
• Split Loan: Borrowers have the option to split their loan between fixed and variable rates. This flexibility allows for tailored financial planning, balancing the stability of fixed rates with the potential savings of variable rates.
• Online Banking: Access to comprehensive online banking features is available, enabling borrowers to manage their loans, make payments, and track balances conveniently from any device.
• Unlimited Free Transactions: Auswide Bank offers unlimited free transactions, providing cost savings and ease of managing everyday banking needs without worrying about transaction fees.
• Visa Debit Card: A Visa Debit Card is provided, offering easy access to funds and the ability to make purchases directly from the linked account, enhancing everyday financial management.

Auswide Bank Ltd offers a transparent fee structure with specific waivers available for certain loan packages, such as the Freedom Package, which can help reduce initial and ongoing costs for borrowers.

• 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 (Monthly) - Charged for managing your account. Waived for Freedom Package loans.
• Mortgage Release Fee: $400 - Payable per mortgage when releasing a security from your loan, plus any applicable third-party costs.
• Redraw Fee: $20 - Payable for manual processing of redraw requests, excluding online redraws.
• Establishment Fee - Basic Home Loan: $300 - Covers costs associated with establishing your loan.
• Valuation Fee - New Loans & Loan Increases: Variable - Included in the Establishment Fee up to $300 or Package Fee up to $400. Subsequent fees may apply.
• Complex Variation Fee: $300 - Charged for processing requests that vary your product, security, interest rate, or repayment type. Waived for Freedom Package loans when changing interest rate or type.

Auswide Bank Ltd provides home loans to a diverse range of borrowers, including first-time home buyers and investors, with flexible options and competitive rates.

• Applicants must be at least 18 years old.
• Applicants must be younger than 75 years old.
• Applicants must be Australian citizens or permanent residents.
• Applicants must be natural persons, not legal entities.
• A minimum deposit of 5% is required for first-time buyers under specific schemes.
• A minimum loan-to-value ratio (LVR) of 95% is applicable for some products.
• Applicants must demonstrate the ability to repay the loan through stable income or employment.
• Good credit history is required to qualify for competitive interest rates.

• Lenders Mortgage Insurance (LMI) may be required for loans with an LVR above 80%.
• Auswide Bank participates in the First Home Guarantee and Family Home Guarantee schemes, allowing eligible first-time buyers to secure loans with low deposits.
• Flexible features such as 100% offset accounts and redraw facilities are available, enhancing loan management options.