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Buying your first home

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If you're a first home buyer, take advantage of our lower interest rates and waived Reliance Bank establishment, valuation and legal fees.* We’re also an approved lender under the Australian Government's First Home Guarantee helping eligible first home buyers realise their dream of home ownership. Under the First Home Guarantee, eligible first home buyers can purchase a modest home with a deposit from as little as 5 per cent. Together with our lower rates for first home buyers, it is a great opportunity to buy your first home.*

If you have any questions, click the button on the right. Alternatively, you can contact us by phone on 13 24 40 or email at mail@reliancebank.com.au

Get in touch today!


First Home Buyer Advantage Plus

Are you looking for your first home? Enjoy all the benefits from our Advantage Plus Home Loan with lower interest rates.*

  • Lower interest rates from Advantage Plus Home Loan for the life of your loan*
  • 100% offset account so you can pay your loan off faster
  • Express home loan service
  • Waived Reliance Bank establishment, valuation and legal fees^

Variable Home Loans

Get better rates based on your LVR. Different interest rates will apply according to your LVR plus all the benefits that come with our Advantage Plus Home Loan.*

  Principal & Interest Interest Only
First Home Buyer Advantage Plus1 Interest Rate Comparison Rate Interest Rate Comparison Rate
Variable rate (LVR of 60% and below) 2.69% pa 2.69% pa3 2.69% pa 3.34% pa3
Variable rate (LVR from 60% to 80%) 2.79% pa 2.79% pa3 2.79% pa 3.38% pa3
Variable rate (LVR from 80% to 90%) 3.39% pa 3.39% pa3 3.39% pa 3.61% pa3
Variable rate (Above 90% LVR) 3.79% pa 3.79% pa3 3.79% pa 3.76% pa3
Variable Standard 3.74% pa 3.74% pa3 N/A N/A

Fixed Rate Home Loans

Enjoy the certainty of knowing your repayments do not change for a set period with our lower fixed rates.*

  Principal & Interest Interest Only
First Home Buyer Advantage Plus2 Interest Rate Comparison Rate Interest Rate Comparison Rate
Fixed rate 1 Year 2.99% pa 3.67% pa3 2.99% pa 3.67% pa3
Fixed rate 2 Year 4.24% pa 3.83% pa3 4.24% pa 3.83% pa3
Fixed rate 3 Year 4.74% pa 4.00% pa3 4.74% pa 3.99% pa3
Fixed rate 5 Year 5.19% pa 4.34% pa3 5.19% pa 4.32% pa3

More information to help you on your journey

  

Home Loan calculators

Play with these calculators to get your estimated repayments, borrowing power and stamp duty costs.

How much can I borrow? How much will my repayments be? How much is stamp duty?
 

Need help? Get in touch today!

Give us a call Talk to a Loans Specialist
 

Credit eligibility criteria, terms and conditions, fees and charges apply.
* Both variable and fixed rates for First Home Buyer Advantage Plus Home Loan offer you a lower interest rate. Lower interest rate offer ceases upon top-up or closure of original loan account.
^ Other fees and charges may apply and will be specified at the time the loan is approved.

1. Only available for First Home Buyers. Minimum home loan balance $150,000. Not available for top-ups or internal product switches. Loan to Value Ratio (LVR), is the ratio of money you borrow compared to the value of the property used as security, as determined by the Bank.
2. Only available for First Home Buyers. Minimum home loan balance $150,000. Not available for top-ups or internal product switches. After fixed period interest rate reverts to First Home Buyer Advantage Plus standard variable rate.
3. Comparison Rate is calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only. WARNING: These Comparison Rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison Rate. Comparison rates for Variable Interest Only loans are based on an initial 5 year Interest only period. Comparison rates for Fixed Interest Only loans are based on an initial Interest Only period equal in length to the fixed period. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan. Interest rates are on a per annum basis.