MOVE Bank Home Loans: The 2026 Review

MOVE Bank was established to provide a member-focused banking alternative in Australia. As a customer-owned financial institution, it was founded with the aim of delivering financial services that prioritise member benefits over shareholder profits. Over the years, MOVE Bank has achieved several key milestones, including recognition in the Mozo Experts Choice Awards, highlighting its commitment to providing competitive and valuable services.

Today, MOVE Bank operates independently from the Big 4 banks, offering a unique blend of digital and branch-based services across Australia. Its business model is centred around member ownership, which ensures that profits are reinvested into better rates and services. MOVE Bank differentiates itself through competitive pricing, personalised service, and a focus on customer value, making it a compelling choice for those seeking alternatives to traditional banking.

MOVE Bank targets Australian home loan borrowers who value personalised service and competitive interest rates. Its offerings include home loans with features such as unlimited free redraws and no monthly account keeping fees, appealing to customers looking for flexibility and cost-effectiveness. With a strong focus on digital convenience and member benefits, MOVE Bank positions itself as a leading choice for value-driven banking.

• Legal Name: MOVE Bank
• ABN: 91087651090
• ACN: 087651090
• Type: Customer-owned financial institution
• Ownership: Independent

• Website: https://movebank.com.au
• Phone: 1300 362 216

MOVE Bank offers a range of home loan products with competitive interest rates and no ongoing fees, focusing on member benefits and financial flexibility for Australian borrowers.

• Unlimited Free Redraw: Borrowers can access extra payments made on their loan without incurring fees, providing flexibility to manage cash flow as needed. This feature is available on all MOVE Bank home loan products.
• Split Loan: This feature allows borrowers to divide their loan into fixed and variable portions, offering the stability of fixed rates and the flexibility of variable rates. It helps manage interest rate risks effectively.
• Extra Repayments: MOVE Bank permits additional repayments without fees, including for Buy Now Pay Later (BNPL) or line of credit arrangements. This enables borrowers to reduce their loan balance faster, saving on interest over time.
• Repayment Options: Borrowers can choose between fortnightly or monthly repayment schedules, allowing them to align payments with their income cycle for better budgeting and financial management.
• Interest-Only Option: MOVE Bank offers interest-only loans for construction and investment purposes, with a premium of 0.20% added to the rate. This option can be beneficial for investors looking to maximise cash flow during the loan term.
• 100% Offset Account: A 100% offset account is available, allowing borrowers to reduce the interest payable on their loan by offsetting their loan balance with the balance in their transaction account. This can lead to significant interest savings.
• Digital Banking Services: MOVE Bank provides comprehensive digital banking services, including online banking and mobile app access, ensuring convenient account management and transactions anytime, anywhere.
• Competitive Interest Rates: Interest rates are competitive and vary based on the Loan-to-Value Ratio (LVR), with a maximum LVR of 80% without Lenders Mortgage Insurance (LMI) and 95% with LMI, offering cost-effective borrowing options.

MOVE Bank offers a transparent fee structure with competitive interest rates and no ongoing fees, making it an attractive option for Australian home loan borrowers.

• Home Loan Establishment Fee: $600 - This one-time fee is charged at the start of the loan to cover processing and setup costs.
• Discharge Fee: $350 - This fee applies when a home loan is fully paid off or refinanced with another lender.
• Split Fee: $50 - Charged when a borrower chooses to split their loan into fixed and variable portions.
• Monthly Account Keeping Fee: $0 (Monthly) - Waived if a $1500 deposit is made into a MOVE Bank transaction account each month.
• Valuation Fee: Varies by product - Covers the cost of valuing the property being purchased; may vary depending on the property type and location.
• Extra Repayment Penalty: $0 - No penalty applies for making additional repayments, allowing borrowers to pay off their loan faster.
• Rate Lock Fee: Varies by product - Optional fee to lock in an interest rate before settlement; the amount can vary based on the loan terms.

MOVE Bank provides home loans to Australian residents, focusing on competitive rates and member benefits, making it accessible for those seeking value and personalised service.

• Applicants must be at least 18 years old.
• Applicants must be permanent residents of Australia.
• A minimum salary credit of $1500 per month must be deposited into a MOVE Bank transaction account.
• Maximum Loan-to-Value Ratio (LVR) of 80% without Lenders Mortgage Insurance (LMI).
• Maximum LVR of 95% with LMI for some products.
• Registered first mortgage over residential property is required.

• LMI is required for loans with an LVR above 80%.
• No offset accounts are available, but additional repayments and redraws are allowed.
• Interest-only loans are available for construction and investment purposes.