Following the Reserve Bank of Australia’s decision to increase the cash rate by 0.25%. RAMS will increase home loan variable interest rates by 0.25% for new and existing customers effective 16 May 2023.

FAQs - home loans

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FAQs - home loans

Am I eligible for a RAMS home loan?

Are RAMS home loans transportable?

How do I contact RAMS?

How do I apply for a loan?

How do I claim a First Home Owners' Grant?

My partner and I are both eligible for the First Home Owner Grant. Will we receive it twice?

What are the costs involved?

What are your current interest rates?

What documentation do I need to provide?

What happens if I have difficulty making a repayment?

What happens if interest rates go up or down?

What is FATCA?

What is a deposit bond?

What is pre-approval?

What is RAMS Parental Leave option?

How do I apply for RAMS Parental Leave option?

What is RAMS' BSB number?

What is RAMS' Risk fee?

What is Stamp Duty? How much do I have to pay?

What is the minimum length of time I must be employed for before I can apply for a RAMS home loan?

What statements will I receive?

What transactions are considered to be Direct Entry?

What types of home loans does RAMS offer?

When is the best time to make repayments on this loan so that I may save on interest?

When will I receive my cheque book, debit card and PIN?

Who owns RAMS?

Can I access my home loan online?

Can I apply for a RAMS home loan in joint names?

Do all joint account holders need to give permission to make changes to the loan or withdraw funds from it?

Can I get access to the extra payments I've paid?

Can I make cash and/or cheque deposit at Westpac or any other bank?

Can I make extra repayments?

Can I obtain my loan balance and redraw balance via an ATM?

Can I pay my credit card bill directly from my loan?

Can I pay out my loan early?

Can I split my home loan between different loan accounts?

Can I split my home loan between fixed and variable interest rates?

Can I switch my home loan to a fixed interest rate?

Can I switch to a different home loan?

Do I have to have life insurance?

Does RAMS offer a credit card?

Does RAMS offer a repayment holiday option?

Does RAMS offer bridging loans?

Does RAMS offer construction loans?

Does RAMS offer fixed rates?

Does RAMS offer Interest Only loans?

For what purpose can I borrow?

How do I access my money?

How do I apply for a RAMS Repayment Holiday Option?

How do I arrange automatic transfer of funds from my loan into an account with another financial institution?

How do I arrange for my salary to be credited to my loan?

How do I claim the First Home Owners Grant?

How do I close my RAMS home loan?

How do I deposit cash and cheques into my loan via Bank@Post?

How do I dispute a transaction on my account?

How do I find my nearest RAMS home loans centre?

How do I make an extra repayment?

How do I make extra lump sum payments to my loan?

How is interest calculated?

How is RAMS different to Westpac?

How long does it take to get approval?

How long does pre-approval last?

How much can I borrow?

How much deposit do I need?

How much is my first repayment and when is it due?

How much is the First Home Owner Grant worth?

How much Stamp Duty can I expect to pay?

How much will my repayments be?

I have lost my debit card. What do I do?

If I make a lump sum payment by cheque, how long does it take to clear?

My loved one has recently passed away. What do I do now?

FAQs - home loans

Meet a local expert

Request a callback

Find your nearest RAMS home loan centre

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FAQs - home loans

Meet a local expert

Request a callback

Find your nearest RAMS home loan centre

Calculators