OMG Home Loan
Discounted rates from
Online variable rate†
Comparison rate*
Why choose an OMG Home Loan?
Discounted online rate
Apply online and lock in a discount on eligible home loans (up to 80% LVR).†
No ongoing fees
No ongoing monthly loan maintenance fees.
Borrow up to 95%
You can buy your home with as little as a 5% deposit.^
Free redraw
So you can access your funds if you’re ahead on your repayments.
The home loan features don't stop there
- Variable interest rate, with a further discounted rate available on eligible home loans when you apply online.†
- Tiered interest rates so you can benefit from a lower rate when you borrow less.
- Choose to repay weekly, fortnightly, or monthly.
- Make extra payments without penalty, so you can own your home sooner.
Rates and fees
The basics
| Loan purpose | Owner-occupier |
| Minimum loan amount | $20,000 |
| Maximum loan term | 30 years |
Interest rates
| Loan to Value Ratio (LVR) | Variable rate |
Comparison rate*
|
|---|---|---|
| Less than 60% | 5.99% p.a. | 6.02% p.a. |
| Less than 80% | 6.04% p.a. | 6.07% p.a. |
| Less than 95%^ | 6.29% p.a. | 6.32% p.a. |
A further 0.10% p.a. discount will be applied for eligible OMG Home Loans when you apply online.† Maximum LVR of up to 80% and for new home loans or top-ups of at least $100,000.
| Fee type | |
|---|---|
| Monthly fee | $0.00 |
| Annual fee | $0.00 |
| Document preparation fee | $300.00 |
| Switch fee (from other BCU Bank loan) | $300.00 |
Other fees & charges, including government fees, may apply. You can find these on our home loan fees and charges page.
Compare home loans side-by-side
Compare your options with our easy-to-use home loan comparison calculator. Just input your loan amount and property value, and you can see how different home loans stack up next to each other – literally.
Home loan comparison calculator
More calculators
Ready to apply for a home loan?
Every home loan is different. That’s why our home lenders are here to help you understand your options, find a loan that’s right for you, and guide you through the application process.
You can apply:
- Online – apply online and, if approved and settled, receive a 0.10% p.a. discount on our standard variable rate for eligible OMG Home Loans.†
- At your local branch – make an appointment at your nearest branch – don’t forget to bring your ID and supporting documents with you.
- Over the phone – call us on 1300 228 228 and one of our friendly consultants will help you with your home loan application.
- At home or at work – our mobile lending team can come to you, or you can book a call with one of our virtual lenders.
To help make the application process smoother, have the following information ready:
- Identification documents
-
primary photo ID (such as a passport or driver’s licence), or
-
primary ID without a photo (such as a birth certificate or citizenship certificate) and secondary ID (such as a utility bill showing your name and address)
Find out what other identification documents we accept.
-
- Employment details – contact details for your current employer and previous employer if you’ve changed jobs within the last two years.
- Income details – recent payslips or, if you’re self-employed, tax assessments and financial statements for the past two years.
- Regular expenses – such as food, rent, utilities, insurance, and medical costs.
- Assets – details of any assets you own, including vehicles, savings, home contents, properties, or investments.
- Liabilities – details of any loans, credit cards, buy now pay later services, or other debts.
Got everything? Request an appointment with a home lender today, or start your application online and receive a 0.10% p.a. discount on our standard variable rate for eligible OMG Home Loans.†
Every home loan is different. That’s why our home lenders are here to help you understand your options, find a loan that’s right for you, and guide you through the application process.
You can apply:
- Online – apply online and, if approved and settled, receive a 0.10% p.a. discount on our standard variable rate for eligible OMG Home Loans.†
- At your local branch – make an appointment at your nearest branch – don’t forget to bring your ID and supporting documents with you.
- Over the phone – call us on 1300 228 228 and one of our friendly consultants will help you with your home loan application.
- At home or at work – our mobile lending team can come to you, or you can book a call with one of our virtual lenders.
Got a question about home loans?
Buying a property costs much more than just the purchase price. You'll need to consider additional costs such as stamp duty, building and pest inspection fees, strata costs, pro rata council rates, transfer fees and more.
Use our home buying and selling cost calculator to get an accurate breakdown of the costs involved.
Depending on your application, we can provide loan pre-approval in as little as 24–48 hours, and we are doing so for many of our customers.
For more complex applications, unconditional finance approval or where a valuation of your property is required, it can take between five and seven days to process all the documentation.
A redraw facility allows you to access the additional payments that you have made on your loan, less the next repayment due.
Not all loans offer the option to redraw your extra payments, so you should consider this when choosing your loan type.
You may have authorised loan redraw access when you signed your loan contract. If not, you'll need to complete the Redraw Authority Nomination form.
You can return the completed form in branch or via Secure Mail in internet banking.
Because we're here to help
Apply online and save
Talk to the team
We’ll come to you
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Eligibility criteria, terms and conditions, fees and charges apply.
Please consider the terms and conditions and whether a product is right for you.
- View the home loans terms and conditions
- View the online home loan terms and conditions
- View the home loan fees and charges
- View Credit Guide
- Create a Home Loan Key Fact Sheet
- View LMI Information Fact Sheet
- View Target Market Determinations (TMDs)
*Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates 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.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
^If you are borrowing more than 80% of the property’s value (Loan to Value Ratio), Lenders Mortgage Insurance (LMI) may be required. Borrowing up to 95% includes LMI costs.
†This discount is available for eligible applications received from 01/07/2026 and may be amended, withdrawn, or extended at any time without notice. Applications received prior to any withdrawal will still be eligible for the discount.
Not available for broker originated applications or applications through our branches, mobile lenders, or contact centre.
Offer available on eligible owner-occupied OMG Home Loans with new borrowings or top-ups of at least $100,000 and an LVR of 80% or less. Discount is not available on loans for construction purposes or any other product, including OMG Home Loans with an LVR above 80%.
Discount cannot be used in conjunction with any other home loan offer.