LCA
Bare Home Loan
LCA · residential mortgages
Provider last updated this product 2026-09-25.
loans.com.au's Bare Home Loan is a no‑frills mortgage designed for straightforward home financing, offering competitive variable rates with principal and interest repayments only. Borrow up to $3,000,000 (up to 90% LVR), make unlimited extra repayments, and access funds anytime with a convenient redraw facility - all with no ongoing fees.
Lending rates
| Type | Rate | Comparison^ | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| VARIABLE | 5.94% | 5.98% | OWNER OCCUPIED | PRINCIPAL AND INTEREST | - | LVR up to 90% | calculated daily, paid monthly |
| VARIABLE | 6.24% | 6.28% | INVESTMENT | PRINCIPAL AND INTEREST | - | LVR up to 90% | calculated daily, paid monthly |
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Settlement Fee | EVENT | $300 | A one-time fee charged at the time of loan settlement to cover processing and completion of the mortgage and funding of the loan. |
| Application Fee | UPFRONT | $0 | No application fee is charged when setting up the loan |
| Security Assessment Fee | UPFRONT | - | A variable fee charged at cost to assess the value of the property used as security for the loan, starting from a minimum amount. |
| Discharge Administration Fee | EXIT | $300 | A fee applied when releasing our mortgage to cover administrative processing of the discharge request. Waived if loan runs to term. |
| Discharge Documentation Fee | EXIT | $250 | A fee charged for preparing the necessary documentation when the loan is fully repaid and discharged. Waived if loan runs to term. |
Rate history
Rate Comparison rate
The figures behind this chart
| From | Until | Rate | Comparison |
|---|---|---|---|
| 2026-09-25 | 2026-09-30 (current) | 5.94% | 5.98% |
Published figures as captured daily since 2026-09-25. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
Who can apply
- min age - 18Applicants must be at least 18 years old to apply for this loan
- residency status - Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
Limits
- other - P30YThe loan term cannot exceed 30 years.
- other - P15YThe loan term must be at least 15 years.
- min limit - 50000.00The minimum application amount that can be borrowed is $50,000.
- max limit - 3000000.00The maximum application amount available under this product is $3,000,000.
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-09-25T05:08:52.075966Z · Product ID: lca-bare