Beyond Bank Australia Home Loans: The 2026 Review

Beyond Bank Australia was established in 2013 following the merger of several credit unions, including Community CPS Australia. This strategic consolidation was aimed at enhancing service delivery and expanding the financial offerings available to members. Over the years, Beyond Bank has continued to grow by merging with other entities such as My Credit Union and Nexus Mutual, solidifying its presence across Australia.

Today, Beyond Bank operates as a customer-owned financial institution headquartered in Adelaide, South Australia. It offers a comprehensive range of financial products and services, with a particular focus on home loans. The bank differentiates itself through its flexible loan options, such as 100% offset accounts and no annual fees on select products. While its interest rates are competitive, the bank's customer-owned structure provides additional benefits, making it a compelling alternative to larger banks.

Beyond Bank primarily serves individuals seeking personalised banking solutions, particularly first home buyers and investors. Its participation in the Australian Government's 5% Deposit Scheme underscores its commitment to supporting first-time buyers. With a nationwide presence through branches and online services, Beyond Bank remains focused on delivering value through customer ownership and tailored financial solutions.

• Legal Name: Beyond Bank Australia Ltd
• ABN: 15087651143
• Established: 2013
• Headquarters: Adelaide, South Australia
• Type: Customer-Owned Bank
• Ownership: Independent

• Website: https://www.beyondbank.com.au
• Phone: 13 25 85
• Address: 100 Waymouth Street, Adelaide, SA 5000

Beyond Bank Australia offers flexible home loan options with features that cater to both first home buyers and investors, emphasising cost savings and financial flexibility.

• Offset Account: Multiple 100% offset accounts can be linked to a variable loan, reducing the interest payable on the mortgage. This feature allows borrowers to save on interest while maintaining access to their funds.
• Redraw Facility: Borrowers can redraw payments made in advance at any time through Internet and Mobile Banking, with a minimum redraw amount of $500. This provides flexibility to access extra funds when needed.
• Additional Repayments: Unlimited additional repayments can be made on variable rate loans, and up to $25,000 annually on fixed rate loans without penalty. This feature allows borrowers to pay down their loans faster, reducing overall interest costs.
• 24/7 Access: Access your money anytime through Internet Banking, Telephone Banking, or Mobile Banking services. This ensures convenience and control over your finances at all times.
• Fixed and Variable Rate Combination: Borrowers can opt for a combination of fixed and variable interest rates, offering both stability and flexibility. This feature allows borrowers to manage interest rate risks while benefiting from potential rate decreases.
• Pre-Approval: A 120-day pre-approval period is available, enabling borrowers to search for properties with confidence. This feature ensures that buyers are ready to act quickly in a competitive market.
• First Home Buyer Support: Participation in the Australian Government's 5% Deposit Scheme makes it easier for first home buyers to enter the market. This support reduces the initial financial burden on new buyers.
• No Annual Fees on Select Products: Certain products, like the Purple Basic Variable Home Loan, come with no annual fees, providing a cost-effective option for borrowers. This can lead to significant savings over the life of the loan.

Beyond Bank Australia offers a transparent fee structure with variable costs depending on the product and services chosen. Borrowers should be aware of potential fees at different stages of their loan journey, including establishment, ongoing, and conditional charges.

• Mortgage Loan Establishment Fee: Variable - Payable upon the establishment of the loan, with the amount varying by product.
• Search Fee: Variable - Charged for each search conducted in relation to a loan or security.
• Security Handling Fee: Variable - Applicable if documentation is prepared to note a name change on the title or to produce a land title.
• Total Home Loan Package Fee: Variable (Annual) - Charged annually for borrowers with a Total Home Loan Package, with the amount depending on the specific package features.
• Mortgage Discharge Fee: Variable - Payable whenever a mortgage is discharged or partially discharged, with fees varying by product.
• Hold Fixed Interest Rate Fee: 0.15% of loan amount - Applies if you wish to hold a fixed interest rate from application to settlement, with minimum and maximum amounts based on circumstances.
• Loan Variation Documentation Fee: Variable - Charged when a property already held as security is used for additional credit.
• Property Valuation Fee: Variable - A property valuation may be required at application, with Beyond Bank covering up to $300 for the first valuation.

Beyond Bank Australia offers home loans primarily to first home buyers, particularly those participating in the Australian Government's 5% Deposit Scheme, with a focus on providing flexible and accessible options.

• Must be at least 18 years old.
• Must be an Australian citizen.
• Eligible only for first home buyers participating in the Australian Government 5% Deposit Scheme.
• Must be a recipient of a government pension to apply.
• Loan-to-Value Ratio (LVR) up to 90%, inclusive of Lenders' Mortgage Insurance (LMI).
• Must become a member of Beyond Bank Australia.
• Property must be a single residential property or cross collateral security.
• Available for new loan applications or existing borrowers increasing their loan by at least $50,000.

• Lenders' Mortgage Insurance (LMI) is required for loans exceeding 80% LVR.
• The 5% Deposit Scheme is exclusive to first home buyers, providing a pathway with minimal deposit requirements.
• Beyond Bank offers a First Home Buyer Package with support from government schemes, enhancing accessibility for new market entrants.