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  1. Home
  2. Home Loans
  3. Companies
  4. Bank First
Bank First

Bank First home loans

Bank First, formerly known as Victoria Teachers Mutual Bank, is a mutually-owned baking institution established in 1972.

While it was initially set up by teachers to service people working in the education sector, it is now open to anyone.

It offers a range of financial services products, including transaction accounts, savings accounts, insurance products and a range of personal and home loans.

Bank First Home Loan Calculator
Interested in a Bank First home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Bank First compares to its competitors. Simply plug in your borrowing amount below. 

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Content updated
Product data updated22 Oct, 2023

Important disclosure

Why choose Bank First

Benefits

  • Commonwealth Bank ATM access.
  • Flexible home loan products.
  • Few home loan products have a minimum borrowing amount.

Drawbacks

  • Branch access limited to Victoria.

Bank First Home Loans

Loan amount

$

Minimum deposit

Loan type & Term

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We provide links to some financial institutions. If you click through to a financial institution, you can get more product information, apply for or purchase the product and RateCity may earn a fee for referring you. This is one of the ways RateCity makes money and how we can offer our comparison service to you for free. See how we make money for more.

Compare
Company
Product
Premier Package Home Loan
Real Time Rating™
Features
Investor
20% min deposit
P&I
Extra repayments
Australian Credit Licence 240960
Interest Rate
Comparison Rate*
Repayment

6.65%

p.a

Fixed - 4 years

7.13%

p.a

$2,396

monthly

Go to site
Australian Credit Licence 240960
Compare
Company
Product
Basic Home Loan
Real Time Rating™
Features
Owner Occupied
40% min deposit
P&I
Extra repayments
Australian Credit Licence 240960
Interest Rate
Comparison Rate*
Repayment

5.74%

p.a

Variable

5.77%

p.a

$2,200

monthly

Go to site
Australian Credit Licence 240960
Compare
Company
Product
Complete Home Loan
Real Time Rating™
Features
Owner Occupied
40% min deposit
P&I
Offset Account
Australian Credit Licence 240960
Interest Rate
Comparison Rate*
Repayment

5.84%

p.a

Variable

5.87%

p.a

$2,221

monthly

Go to site
Australian Credit Licence 240960
Compare
Company
Product
Basic Home Loan
Real Time Rating™
Features
Owner Occupied
20% min deposit
P&I
Extra repayments
Australian Credit Licence 240960
Interest Rate
Comparison Rate*
Repayment

5.89%

p.a

Variable

5.92%

p.a

$2,232

monthly

Go to site
Australian Credit Licence 240960
Compare
Company
Product
Complete Home Loan
Real Time Rating™
Features
Owner Occupied
20% min deposit
P&I
Offset Account

Winner of Best Home Loans Over 1m, RateCity Gold Awards 2023

Australian Credit Licence 240960
Interest Rate
Comparison Rate*
Repayment

5.99%

p.a

Variable

6.02%

p.a

$2,253

monthly

Go to site
Australian Credit Licence 240960

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

$
130
25 years

Your estimated mortgage repayments

at interest rate 5.74%

Total interest payable

$0

Total loan repayments

$0

Bank First customer service

Bank First does not have a large branch network outside of Victoria. However, customers can access their funds via any Commonwealth Bank ATM, giving you access to one of the largest ATM networks in the country. Customers can contact the lender via phone, live chat, email or through a branch if they are in Victoria.

  • Customer service centre (phone)
  • Mobile app
  • Online banking
  • Email
  • Live Chat
  • Branch
  • Mobile banking staff

How to Apply

Bank First customers can apply for a home loan online through the website or can request a consultation with a Bank First representative. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Personal identification material.
  • Proof of income and other earnings.
  • Proof and type of employment.
  • Details of current loans, debts and liabilities.
  • Personal insurance documents.

On this page

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