• Low rate home loan

    Here’s a no frills, no fuss, low rate home loan perfectly suited to first home buyers, whether owner-occupiers or investors.

    One of its key features is perfect for when life presents something ‘unexpected’.  The Lifestyle option allows you to apply to defer repayments for up to 12 months (conditions and fees naturally apply).

  • Three reasons to choose this loan


    Low variable rate with no monthly fees


    The option of interest only repayments for up to 10 years for investment loans or up to 5 years for owner occupied loans


    Flexibility to make extra repayments and redraw later


    • Interest rates - owner occupier (principal and interest)

      Interest rate p.a.

      Comparison rate* p.a.


      Interest rates - investor (principal and interest)

      Interest rate p.a.

      Comparison rate* p.a.


      *Please note: The comparison rate for the relevant product is based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

    • Minimum loan size $15,000

      Maximum loan size

      No maximum

      Owner Occupier Max LVR

      (Refer Credit Guidlines for full details)

      95%1 Principal and interest loan
      95%1 Construction loan
      90%1 Interest only loan

      Investor Max LVR

      (Refer Credit Guidlines for full details)



      No minimum

      Loan Splitting

      Minimum $15,000

      Interest Only payments

      1 to 5 year and 10 year3option

      Interest Capitalisation


      Weekly/Fortnightly/Monthly Payments

      Weekly: Yes
      Fortnightly: Yes
      Monthly: Yes

      Extra payments

      Yes- no minimum

      Deposit methods6

      Direct debit, Salary Credit, BPAY®4 and myRAMS^

      Loan fixing

      No - at origination  Yes - post settlement   Fee- $295

      Loan switching

      Convert to any Full Doc loan any time. Conversion Fee - $295

      Repayment Holiday


      Debit card10 & chequebook


      Tier 2 Genuine Savings Option#


      Value Advantage Package Eligibility3


      ATM11/EFTPOS & cheque access free transactions


      Statement frequency

      Every 6 months

      RAMS Risk fee Payable by Customer

      When LVR is over 80%

      Capitalisation of Risk Fee up to

      98.5% if principal and interest loan and security property is owner occupied11
      97% where construction option is used and security property is owner occupied11
      90% interest only loan or security includes investment property11


      New loans only. Fees, charges, conditions and limitations apply. Subject to RAMS normal lending criteria.

      ^myRAMS is not available to Companies and Trusts and is subject to systems availability.

      1Maximum LVR on purchase price (or valuation if lower) of up to 95% for principal and interest (P&I) loans and interest only (IO) construction loans.  Maximum LVR on purchase price (or valuation if lower) of up to 90% for non construction interest only loans. Funds to cover transaction costs required. Lenders mortgage insurance applies when LVR is >80%. If LVR >85%, evidence of 5% genuine savings required.  2 Maximum LVR of up to 90% on purchase price (or valuation if lower).  Funds to cover transaction costs required.  LMI applies when LVR is over 80%.   3 10 year IO option available for investment purposes only. 4 ® Registered to BPAY Pty Ltd ABN 69 079 137 518.  5 Not applicable on this product. 6 Not applicable on this product. 7 Not applicable on this product. 8 Not applicable on this product. 9 Not applicable on this product. 10 The RAMS Risk Fee is charged because of the increased risk to us due to the high LVR. Whether a Lender's Mortgage Insurance premium or a RAMS Risk Fee is payable will depend on the individual application. 11 5% deposit and funds to cover transaction costs are also required. Not available on some property types, loan purposes or locations and other conditions apply. 98.5% LVR is for full doc loans (except construction loans) with P&I repayments where the security property is owner occupied. The 98.5% LVR is made up of a maximum LVR of 95% plus up to a further 3.5% to contribute to LMI or RAMS Risk Fee capitalisation. 97% LVR is for full doc loans for construction with either IO or P&I repayments, where security property is owner occupied. The 97% LVR is made up of a maximum LVR of 95% plus up to a further 2% to contribute to Lender's Mortgage Insurance or RAMS Risk Fee capitalisation.  90% LVR is for full doc loans where the security property is investment or the repayments are IO (except construction).  The 90% LVR is made up of a maximum LVR of 90% including any LMI capitalisation.

    • Application fee Fees charged to cover or partially cover the lender's costs of processing a loan approval for a home buyer$595 
      Valuation fee

      First valuation is free!

      $220 for each additional valuation.

      Account keeping feeNil
      Discharge fee $295 per loan account (plus legal and other associated costs incurred by us)
      Loan settlement fee $285

      • Arrange a deposit without touching your savings

        Obtaining a Deposit Bond through RAMS could help you secure your dream home by providing you with an alternative to finding a cash deposit before settlement. A Deposit Bond acts as a guarantee to the vendor, allowing the purchaser to pay the deposit amount (together with the balance of the purchase price) on the day of settlement (rather than funding a deposit up front/on exchange). In addition, a deposit bond could also save you the costs of obtaining bridging finance in order to pay your deposit. More details

      • You could buy your first home sooner and save on mortgage insurance

        The support of family is priceless and when they’re happy to act as guarantors on your property purchase, they could help you buy your home quicker than you thought and save you thousands in mortgage insurance. More details

      • Looking to build or renovate?

        For customers who intend to purchase land and build a new home, RAMS has developed a feature called 'RAMS Construction Option' which can be adopted on many RAMS full and low doc home loans. More details

      • You could defer your home loan repayments for up to 6 months

        Life is full of challenges. Some are welcome and others are more of a surprise. Either way, you may need extra support to get through any such challenging times.

        RAMS Lifestyle Option allows you to defer repayments on your loan for up to 6 months – twice during the life of the loan. It’s our way of helping out. Conditions and fees apply so talk to a RAMS Home Loan Specialist to see how we can help.

        More details

      • Bridge the gap between your old and new property

        RAMS Bridging Option could be just what you need to assist with the purchase of a new property whilst you’re in the process of selling an existing property. It eases the strain of purchasing your new property by bridging the finance gap whilst you wait to receive proceeds from the sale of your existing property. More details

      • Reduce the amount of interest you pay on your loan

        A Mortgage Offset arrangement links your Variable Rate loan with an Offset Deposit account, so that money you hold in your deposit account can reduce the amount of interest you pay on your loan.

        The more money you have in your offset account, the less interest you pay.

        More details

    • Marcus had seen several friends finally buy their first homes. Motivated by their examples he’d be seriously saving (and looking) for some time.

      He found a two bedroom unit for just under $400,000 in the southern suburbs – close to rail and bus connections – making for an easy commute into the city.

      He had a deposit of 10%. But he also wanted a loan that allowed him to increase his repayments when he could afford to. Above all, he wanted a low competitive rate. 

      He didn’t mind taking a variable rate, but wanted to keep his options open in case rates looked like rising.

      RAMS says …

      Marcus shopped around and found that RAMS offered a low variable rate loan that was quite competitive. 

      When he spoke to a RAMS home loan specialist, he learnt that the loan also offered a range of features and that he could fix the rate on all, or part, of his loan after his loan was drawn down, to protect against potential rate rises. 

      It was this flexibility, added to the  straightforward application process, which convinced Marcus that RAMS was the way to go.