flagFounded: 1982

businessOwned by: BNK Banking Corporation Limited ASX Listed

monetization_onFunded by: Retail deposits and wholesale capital markets

securityLMI Provider: Genworth & QBE LMI

account_balanceLender type: Online bank

BNK Bank is not an available lender on our panel. This is a review only.

Established in 1982 as Goldfields Money, they rebranded as BNK bank – a national digital challenger bank in February 2019.

The West Australian based lender merged with mortgage aggregator Finsure late last year and in May, they surpassed $200 million in on-balance sheet loans.

They are planning on serving “Enterprising Australians” like entrepreneurs, self-employed individuals, freelancers, whom BNK Bank has identified as high-value customers who are currently underserviced.

How do BNK Bank’s Home Loan Compare?

They’re great at

But they’ve got some drawbacks…

  • Branches are limited to Western Australia
  • Valuation is not free (Fee is $330).
  • Maximum loan amount is $1,250,000
  • They charge a loan establishment fee of $350.

What type of mortgage products do they offer?

BNK Bank’s rapid application process can help you gain a foothold in the property market sooner, especially if you’re buying your first home.

It specializes in four main areas:

  • Investment loans
  • First home buyers
  • Refinancing
  • Construction loans

They also work with expats who are able to secure loans for up to $1.5 million with 90% PAYG foreign income.

Tips for Applying with BNK Bank

Use BNK Bank’s home loan application form to prepare for your mortgage application.

Note: This is the latest application form as of October 2019. Please refer to BNK Bank’s website for their most up-to-date document requirements.

Compare BNK Home Loans to other lenders

With so many options of lenders and products out there, choosing the right one is a tough decision without a home loan specialist on your side.

Speak with our mortgage brokers by calling 1300 889 743 or complete our free assessment form.