Empower Home Loan details

Loan amount $100,000 up to $5,000,000.
Loan term 30 years.
Maximum 'Loan to Value Ratio' (LVR) Up to 95% including Lenders Mortgage Insurance. Maximum loan to value ratio varies with loan amount; purpose and repayment type.
Permitted purposes Purchase, refinance or construction of home or investment property. Vacant land without the immediate intention to build is not permitted.
Number of accounts Following loan settlement, a maximum of six accounts are permitted.
Offset account N/A
Global borrowing limit N/A
Repayment type Principal and Interest or Interest Only payments for up to the first 5 years.
Additional payments (variable accounts) Unlimited, without cost.
Option to fix All or part of the loan can be fixed at any time without cost. Fixed rate terms are available from 1 through to 5 years.
Rate lock A free rate lock is offered on all fixed rate applications to protect you from interest rate movements between formal approval and settlement. Rate is only locked once your loan is formally approved and settlement needs to take place within 90 days of loan contract date.
Additional payments (fixed accounts) Up to $10,000 permitted each year without incurring break costs
Construction option Available, suitable for residential/domestic purposes only, no development finance
Family guarantee option Available, an immediate family member can support your loan application using the equity in their home via a limited guarantee.
Loan Access
  • Online and mobile banking.
  • Redraw available (variable accounts only), fee free via electronic banking, fees apply for manual redraw.
  • Loan payments can be made via Direct Debit & Salary Credit.
  • Bpay, Pay Anyone, periodic payments are available via Internet banking.


Rates vary according to loan purpose, LVR and repayment type as summarised below.

Owner Occupied variable loans with Principal and Interest repayments

Variable rates (LVR) Borrower rate Comparison rate ^
< 70.00% 3.69% p.a. 3.69% p.a. ^
≤ 80.00% 3.79% p.a. 3.79% p.a. ^
≤ 90.00% 3.99% p.a. 3.99% p.a. ^
≤ 95.00% 4.19% p.a. 4.19% p.a. ^

* Different rates apply for larger loan sizes and for investment purposes. If this is the case for you, please refer to the rate tool below.

Owner Occupied fixed loans with Principal and Interest
Fixed rates Borrower rate Comparison rate ^
Fixed 1 Year 3.88% p.a. 3.80% p.a. ^
Fixed 2 Years 3.88% p.a. 3.81% p.a. ^
Fixed 3 Years 3.88% p.a. 3.81% p.a. ^
Fixed 4 Years 4.39% p.a. 3.99% p.a. ^
Fixed 5 Years 4.39% p.a. 4.03% p.a. ^

Important: Interest repayments are with an LVR of up to 80%. Different rates apply for higher Loan to Value ratios, loan purposes and Interest Only payments.  If this is the case for you, please refere to the Comparison Rate Schedule or the rate tool below.


Application fee Nil
Documentation fee $330 Plus GST**
Valuation fee Nil (single property, terms and conditions apply)
Account management fee Nil
Mortgage discharge fee $400
Construction administration fee $999

Other fees are payable, full details covered in mortgage documentation.

Other terms and conditions

^ Comparison rate based on a $150,000 loan amount over 25 years. Warning: This rate is 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.

For fixed rate and comparison rate quoted please refer to the Comparison Rate Schedule.

All lending rates quoted on this website are for new owner-occupied applications only (unless otherwise stated). Existing customers should always refer to their loan contract or internet banking / customer service for their current rates, terms and conditions.

The above rates are subject to change. Fees and charges are payable. Terms and conditions are available from your local branch.