Health Professionals Bank

Health Professionals Bank

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Everything you need to know about a Health Professionals Bank home loans

A customer owned bank, Health Professionals Bank operates based on membership, with this being dependant on your status as a past or present Australian health professional, or you being the family member of a member. The bank is owned by members, meaning some profits are reinvested into services.

Key Benefits

  • Part of profit reinvested into products and services
  • No monthly fees on most products
  • Ability to make extra repayments and redraw available on some products

Drawbacks

  • Need to meet membership criteria to join
  • Limited office locations for those who are used to branch access
  • $10 shareholder fee required to become a member

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Health Professional Bank’s Home Loan Products breakdown

Fixed Home Loan- Owner Occupier

  • 100% offset facility
  • Ability to split loan
  • No ongoing fees

Easy fixed-rate loan for the owner-occupier

The Health Professionals Bank fixed rate owner occupier home loans offers the ability to fix the rate for up to 5-years with the added features of 100% offset, ability to split the loan type and no ongoing fees.

My first Home Loan

  • 100% offset facility
  • No monthly fees
  • Minimum 5% deposit

Your first home loan

With Health Professionals Bank’s My First Home Loan, you could be on your way to securing your first property with just a 5% deposit. Additionally, this product has access to a 100% offset account, no monthly fees and a fee free redraw facility.

Classic Home Loan Special

  • Unlimited monthly repayments
  • No monthly fees
  • No penalty for paying off loan before term

A special low-rate product for your home loan journey

This product offers a special rate for the first 12 months on Health Professionals Bank’s traditional Classic Home Loan product.

Classic Home Loan (standard Variable)

  • Option to make unlimited extra repayments
  • No monthly fees
  • Fee-free redraw facility

The classis choice for your variable rate home loan

A classic variable rate home loan with no monthly fees and access to a fee-free redraw facility. Borrowers also benefit from having no penalty for paying off their loan early.

Interest Only Variable Home Loan

  • Borrow up to 90% LVR
  • 100% offset facility
  • No monthly fees

Ideal for construction

Designed to be the ideal choice for construction, those who are building an owner-occupied home on vacant land or conducting extensive renovations will benefit well from this loan.

Flexi Choice Home Loan

  • Unlimited extra repayments
  • Ability to split loan
  • No penalty for early repayment of loan

Flexible loan with standard variable rate

Designed to be flexible, this loan will suit a wide range of owner-occupier needs with its standard variable rate and added features.

Investor Fixed Home Loan

  • No ongoing or monthly fees
  • Ability to split loan
  • 100% offset facility

Invest with a locked in rate

For the investor who wants to know exactly what interest rate they will be paying for the next (up to) 5 years.

Interest Only Variable Loan

  • No monthly fees
  • Fee-free redraw to access additional repayments
  • Ability to split loan

For investment or construction

Suitable for construction purposes, investors can benefit from this interest only loan with a minimum finance amount of $25,000.

Classic Investor Home Loan

  • No monthly fees
  • Borrow up to 85% of property value before capitalisation of lenders mortgage insurance
  • No penalty for paying off loan early

Discounted variable rate for investors

For investors looking to borrow $150,000 or more, the Classic Investor Loan offers many attractive features along with a discounted standard variable rate for the duration of the loan.

Flexi Choice Investor Home Loan

  • Maximum 30-year loan term
  • Ability to split loan
  • No ongoing fees

Flexible loan for investors with changing needs

With a minimum finance amount of $25,000 the Flexi Choice Investor Home Loan is designed to suit and investors changing needs – whether that be to contribute to the purchasing of land, conducting renovations or any other suitable purpose.