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With a table loan your payments are the same and spread evenly over the whole term of your loan (subject to interest rate changes). So it's easier for you to budget. And because your principal payments are lower at the start of your loan, you may be able to afford to borrow more.
How a table loan worksThe initial payments will mainly be made up of interest. As you begin to pay back more of the money you borrowed (called the principal), the interest owing each time will get less. | 
For illustrative purposes only.
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Set-up options
- Choose fortnightly or monthly payments. With fortnightly payments you'll pay less interest overall, but monthly may be more convenient.
- Decide how quickly you want to repay the loan; the maximum term is 30 years. A longer term means smaller payments but youll pay more interest overall.
- You can also choose to fix your principal payments at a higher level than normally required.This will help you pay off the loan faster and save you interest.
Interest rate options
- Fixed rate - stays the same for the period you select. However, if you want to repay some or all of the loan while it is still on a fixed rate, you may have to pay an early repayment adjustment.
- Variable rate - can increase or decrease over time with the market. Lets you repay some or all of the loan at any time without fees.
Use our handy calculators to compare different loan types and find the one that's right for you.
There are also various ways to manage your home loan once it's underway.
Interest rates and fees
Home loan rates
View the latest interest rates
Home Loan Fees
Loan processing fee
When a home loan is first arranged, a loan processing fee of $400 applies. For a split facility you pay only one loan processing fee. A low equity fee may also apply.
Alteration to borrowers or security held for a loan:
| Service | Fee |
| Release or substitution of security for the loan. | $200 |
| Loan transferred, e.g. to a trust, with new mortgage required. | $180 |
| Change parties to loan agreement. | $100* |
| Registrations affecting land titles. | $100* |
| Memorandum/deed of mortgage priorities. | $100* |
Discharging your loan:
| Service | Fee |
| Settlement statements / security release. | $100* |
| Release of repaid mortgage. | $50 |
At the end of your loan we can hold your mortgage documents for future lending or safe keeping, at no additional charge.
*Urgent requests for settlement statements or changes to loan arrangements will incur an additional fee of $25.00.
Fixed interest rate loans
For partial or full repayments of a fixed rate loan before the end of the fixed rate period an early repayment adjustment administration fee of $50.00 will apply. This will be charged in conjunction with any
early repayment adjustments.
Changing loan types
If you change your loan type or move to a new fixed interest rate you will incur a switch fee of $50.00.
Unpaid local body rates
If ASB has to collect unpaid rates on behalf of a local council these fees will be applicable:
- Local body rates demand notice - $50.00.
- Plus additional charge if ASB has to make a rates payment - $60.00.
Loan default
If you default on your loan and the deduction account is overdrawn or in excess of any agreed limit, or the balance owing under your loan account exceeds the loan amount or the reducing limit, interest will be calculated daily on the overdrawn amount at the Unarranged Overdraft Interest Rate, until it is paid in full. Please note this interest rate is subject to change at any time.
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| Unarranged Overdraft Interest Rate | 22.50% p.a. |
If you default on the terms of your loan and we have to write to you, you will be charged a fee of $50.00.
These fees may change from time to time.
