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RAMS Basic Loan

  • variable rate

    6.76 %

  • comparison rate

    6.83%

  • upfront fee

    $845

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RAMS's overall rating for home loans is

5.0

(as rated by the Mozo community)

Rates

Variable rate
6.76%
Intro rate
none
Intro rate term
none
Intro rate type
Variable
Comparison Rate*
6.83%
Fixed 1 year rate
none
Fixed 2 year rate
none
Fixed 3 year rate
none
Fixed 4 year rate
none
Fixed 5 year rate
none
Fixed 7 year rate
none
Fixed 10 year rate
none
Fixed loan revert rate
none

Fees

Application fee
$395.00
Legal fee
none
Valuation fee
$200.00
Settlement fee
$250.00
Other upfront fee (% of loan)
none
Service fee
none
Exit fee
$295

Features

Repayment Frequency
Weekly, Fortnightly, Monthly
Extra repayments
yes - minimum $2,000
Repayment holidays
yes
Redraw facility
yes - fees apply
Minimum redraw amount
$0.00
Split account
yes
Offset account
no
Other restrictions
none
Other benefits
none

Other financial bits

Minimum loan amount
$50,000
Maximum loan amount
none

This is how the Mozo community has rated RAMS for home loans.

Product Type Overall Price Features Service Convenience Trust
Overall 5.0 5.7 4.6 5.0 3.7 4.1
RAMS home loans 5.0 36 REVIEWS 5.7 4.6 5.0 3.7 4.1

RAMS Home Loans

Home loan specialist RAMS has built a strong reputation for its innovative and flexible home loans. Since 1995, RAMS Home Loans has helped tens of thousands of Australian home loan customers. RAMS Home Loans aims to provide home loan solutions to meet many different needs, including low deposit loans, no deposit loans, low doc loans, line of credit loans and low rate loans.

Some recent reviews of RAMS home loans

Adam from New South Wales, a RAMS home loan customer. 2Overall Rating
  Beware of Rams. I lost money due to delayed settlement. Rams decided not to reimburse. Ombudsman needed to resolve. RAMS broker failed to ensure mortgage papers were signed and returned to their Settlements Aust. All started by the broker Angus Birch of the Lake Haven Branch advising with the signing of the mortgage papers in his office he took some of the signed documents and gave us a check list for the missing items all bar one he forgot the general terms for the loan. This was the last contact from him until an hour long abusive call followed by another half hour effort, a week after settlement and after receiving my email to him & RAMS resolution centre asking for re-reimbursement, who was also terrible to deal with. Rams have a resolution team which is flooded with calls. Would not return calls, even got lied to, refused reimbursement due to their incorrect and I feel doctored data. All seemed too tidy and well practised to blame someone else. So contacted OMBUDSMAN & got a complete turn around & now Rams are now "re- assessing". Amazing what an independent governing body can do Kept sending paperwork to wrong solicitor up till 2 weeks before settlement Got wrong postal address before and after settlement. Wouldn't help at all to fix their mistake although got an email stating they did which was quickly proven to be lies. He even pretended to have business dealings with my partners' brother who is in real estate, we found this out after signing the papers. Was it worth RAMS fees & commissions for the convenience & service? Reviewed 14 days ago  
  • 4Pricing
  • 4Product Features
  • 0Customer Service
  • 0Convenience
  • 0Trust
Chantel from New South Wales, a RAMS home loan customer. 8Overall Rating
  Customer service is excellent. The only dislike is that you cannot walk into a branch to access the funds on your account. Only able to use an ATM which is great for small withdrawals but need to wait up to 48 hours to retrieve your money for larger withdrawals. Reviewed 14 days ago  
  • 7Pricing
  • 7Product Features
  • 9Customer Service
  • 6Convenience
  • 6Trust
Marg from Queensland, a RAMS home loan customer. 0Overall Rating
  Rams are very quick to put you down when your going through hard times and I can't wait for the day that I don't have to deal with them anymore. They aren't the considerate organisation that they make out to be and some of their staff have no customer service at all. Shame on Rams for trying bully tatic's I would never want to be in arrears again with them and be made to feel like a criminal. I was told the wrong thing by 2 of their staff and in the end did the wrong thing but I was the one made to feel like an idiot. Will never give Rams good feed back. Reviewed 21 days ago  
  • 1Pricing
  • 1Product Features
  • 1Customer Service
  • 0Convenience
  • 0Trust
Naomi from Victoria, a RAMS home loan customer. 3Overall Rating
  Our rams guy was very likeable and he did get us a mortgage which is hard in this market - that was the positive. once signed up he was never availible, he was not contactable for the 3 days leading up to our settlement and everything wasnt done. my biggest dissapointemnt is the rams products -i dont even know why the bother with them, they are hopless and take months to set up. Reviewed 21 days ago  
  • 5Pricing
  • 1Product Features
  • 3Customer Service
  • 2Convenience
  • 2Trust
Scott from Australian Capital Territory, a RAMS home loan customer. 8Overall Rating
  RAMS are very easy to deal with. They have very competitive rates. Reviewed 27 days ago  
  • 8Pricing
  • 7Product Features
  • 8Customer Service
  • 8Convenience
  • 8Trust

See all reviews of RAMS home loans

 

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