Bank of us home loans

Bank of us is one of the oldest financial institutions in Australia. Bank of us boasts more than 35,000 clients and a select number of branches throughout Tasmania.

Launched in 1870 as a building society, with the aspiration of helping local people to own their own homes at a time when there was no public housing in Tasmania, Bank of us has evolved to also offer personal and business banking solutions. Its name changed from B&E Personal Banking in October 2017.

Bank of us home loan calculator

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

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Personal Finance Editor

Content updated

17 Oct, 2022

Product data updated

21 Nov, 2024

Why choose Bank of us

Benefits

Suitable for low deposits.
Long loan terms of up to 45 years.
Flexible repayment schedule with weekly, fortnightly and monthly repayment options.
Offers discounts on interest rates.

Drawbacks

Products are only available to residents of Tasmania.
Some products include fees.
Early break fees apply across the home loan product range.

Home Loans calculator

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

Your estimated mortgage repayments

Total interest

Total repayments

How much can I borrow?

Compare home loans

All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.

Contact a mortgage broker

Bank of us home loans are available through brokers who can help find the right loan and manage your application at no charge.

Ainslie Conheady

VIC3205

Customer Representative Number: 511481

5.0

74 Google reviews

Get expert advice from a home loans specialist.

I specialise in helping: • First Home buyers • Refinancing to get extra funds, a better rate or to consolidate other d...

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Simon O'Kelly

VIC3205

Customer Representative Number: 511481

5.0

74 Google reviews

Get expert advice from a home loans specialist.

I specialise in helping: • First Home buyers • Refinancing to get extra funds, a better rate or to consolidate other d...

View Profile

Bank of us customer service

Bank of us is a local bank and as such face-to-face banking is only available in a select number of branches in Tasmania. The customer service centre can handle all manner of enquiries if customers would prefer to speak to someone. Alternatively, they can email Bank of us. Bank of us home loan customers can access their accounts online 24-hours a day via online banking and the company’s mobile banking app.

Customer service centre (phone)
Mobile app
Online banking
Email
Branch

How to Apply

To apply for a home loan from Bank of us customers can enquire within a Tasmanian branch or get in touch with the customer service centre by phone. To simplify the process for customers Bank of us offers a call back service, or alternatively customers can apply online 24-hours a day. Before applying for any loan product customers should carefully calculate how much they can afford to borrow based on their earnings and expenses. In addition to completing an application form Bank of us will require customers to supply a series of documents including:

Personal identification.
Personal income details.
Details of current debts and assets.

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

Bank of us home loans

Why choose Bank of us

Benefits

Drawbacks

Bank of us Home Loans