Apex Home Loan — Product Guide¶
Product Disclosure Statement
Effective Date: January 15, 2026
Product Issuer: Apex Bank Ltd (ABN 12 345 678 901, AFSL 234567)
The Apex Home Loan is designed to help Australians achieve their property ownership goals with competitive rates, flexible features, and transparent pricing. Whether you are a first home buyer, upgrading your family home, or refinancing from another lender, the Apex Home Loan provides a tailored lending solution.
Overview¶
The Apex Home Loan offers both variable and fixed rate options for owner-occupier and investment properties. Borrowers can choose principal and interest or interest-only repayment structures depending on their financial circumstances and goals. Loan amounts start from $100,000 with terms up to 30 years.
All Apex Home Loan customers receive access to our dedicated home loan support team, online loan management portal, and complimentary property valuation at the time of application.
Key Features¶
- Variable Rate: Currently 5.89% p.a. (comparison rate 6.02% p.a.), adjustable in line with market conditions. Allows unlimited additional repayments and redraw at no cost.
- Fixed Rate: Available from 5.49% p.a. (comparison rate 5.78% p.a.) for terms of 1, 2, 3, or 5 years. Provides certainty of repayments during the fixed period.
- 100% Offset Account: Available on variable rate loans. Your savings balance directly offsets your loan principal, reducing the interest charged daily.
- Redraw Facility: Access additional repayments you have made at any time through Internet Banking or the Apex Mobile App, at no charge on variable rate loans.
- Loan-to-Value Ratio (LVR): Borrow up to 80% of the property value without Lenders Mortgage Insurance (LMI). Loans with LVR above 80% and up to 95% are available subject to LMI being applied.
- Split Loan Option: Divide your loan into fixed and variable portions to balance rate certainty with repayment flexibility.
- Repayment Frequency: Choose weekly, fortnightly, or monthly repayment schedules to align with your pay cycle.
Fees & Charges¶
| Fee Type | Amount | Notes |
|---|---|---|
| Establishment Fee | $600 | One-off fee payable at settlement |
| Monthly Service Fee | $10 | Charged on the first business day of each month |
| Early Repayment Penalty (Fixed Only) | 0.50% of outstanding balance | Applies when breaking a fixed rate contract early |
| Discharge Fee | $350 | Payable when the loan is fully repaid and security released |
| Valuation Fee | $0 | Complimentary for first valuation; subsequent valuations at cost |
| Loan Variation Fee | $200 | Applies to changes in loan structure or security |
| Progress Payment Fee (Construction) | $150 per draw | Applicable to construction loans only |
All fees are inclusive of GST where applicable. A full schedule of fees is available in the Apex Home Loan Terms and Conditions document.
Eligibility¶
To be eligible for an Apex Home Loan, applicants must meet the following criteria:
- Be at least 18 years of age at the time of application.
- Be an Australian citizen, permanent resident, or hold an eligible visa (subclass 457, 482, or 186).
- Demonstrate a stable income source (minimum 6 months in current employment or 2 years of self-employment history with ATO tax returns).
- Meet Apex Bank's responsible lending assessment, including debt-to-income ratio and living expense verification.
- Provide acceptable security in the form of residential property located within Australia.
How to Apply¶
- Check Your Borrowing Power: Use the Apex Home Loan Calculator on our website to estimate your borrowing capacity based on your income, expenses, and existing commitments.
- Gather Your Documents: Prepare identification (passport or driver's licence), proof of income (recent payslips or tax returns), bank statements (last 3 months), and details of the property you intend to purchase.
- Submit an Application: Apply online through Apex Internet Banking, visit any Apex branch, or call our Home Loan Specialists on 1300 APEX LOAN (1300 273 956).
- Conditional Approval: Receive conditional approval typically within 24 hours, subject to satisfactory valuation and verification of documents.
- Settlement: Once all conditions are met, your Apex Home Loan settles and funds are disbursed to the vendor or existing lender.
For further information, contact Apex Bank on 1300 273 956 or visit apexfinancial.company.
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