Health Professionals Bank
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
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.