No ongoing fee home loans

  • Buying a home is expensive enough without having to deal with nasty hidden fees. When combined with a competitive rate and the right features, fee-free home loans make a great option for cash conscious home owners. Plus, life's just better without fees!

  • How do I choose the best no ongoing fee home loan?

    The table below will show you the 'true cost' of various no ongoing fee home loans available at the moment - including any upfront costs. If you want to expand your search for the cheapest home loan, try our home loan search tool or let us battle the banks for you with our home loan negotiator service.

  • What else should I consider when deciding which loan is right for me?

    There's more to a home loan than fees you pay. To make a wise choice you should also look closely at the interest rate (fixed or variable) as well as extra features such as redraw and extra repayments. Also consider how rate changes will affect your repayments with our rate change calculator.

  • Can I apply online for a no ongoing fee home loan?

    You sure can! Applying online is easy, just click on the 'go to site' button and you'll be taken to the online application form for the loan provider of your choice.

No ongoing fee home loan comparisons on Mozo

    • UBank
      UHomeLoan - Refinance only
      • No bank fees whatsoever on a variable rate loan
      • Special 0.25% p.a. upfront discount offer on eligible variable rate loans applies on the standard variable rate
      • Unlimited fee-free redraws (minimum amount is $1,000)
    • ongoing fees

      $0.00

    • variable rate

      4.87%


      comparison rate*

      4.87%

    • Go to site
    Click for more info
    • loans.com.au
      dream loan express (refinance only) (<80% LVR)
      • $0 loan application fee. $0 ongoing fees
      • Principal and interest only
      • Fixed rate for three years
    • ongoing fees

      $0.00

    • variable rate

      4.87%


      comparison rate*

      4.89%

    • Go to site
    Click for more info
    • iMortgage
      iMortgage Essential
      • No ongoing fees
      • Free extra repayments
      • Free redraw facility
    • ongoing fees

      $0.00

    • variable rate

      4.97%


      comparison rate*

      4.99%

    • Go to site
    Click for more info
    • Bankwest
      Online Home Loan
      • Save $695 with no application fee for a limited time
      • Borrow up to 80% of property value
      • No ongoing monthly fees
    • ongoing fees

      $0.00

    • variable rate

      5.13%


      comparison rate*

      5.14%

    • Go to site
      Advertisement
    Click for more info
    • IMB
      Essentials Home Loan (LVR<90%)
      • 0.58% p.a. life-of-loan discount off the standard variable rate for loans up to 90% of the property value
      • No monthly or annual fees
      • 100% offset account
    • ongoing fees

      $0.00

    • variable rate

      5.33%


      comparison rate*

      5.33%

    • Go to site
    Click for more info
    • Greater Building Society
      Great Rate Home Loan
      • No ongoing fees
      • Free extra repayments
      • Redraw facility
    • ongoing fees

      $0.00

    • variable rate

      5.39%


      comparison rate*

      5.45%

    • Go to site
    Click for more info
    • MyRate.com.au
      Advantage Loan
      • $0 ongoing fees
      • Free extra repayments and redraw facility
      • Borrow up to 95% of the property value
    • ongoing fees

      $0.00

    • variable rate

      5.42%


      comparison rate*

      5.42%

    • Go to site
    Click for more info
  • *The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
    ** Saving based on the average difference in fees and charges over the life of the loan between the most competitive product Mozo can refer a consumer to and the average home loan product input by 12,504 consumers (average balance of $325,069 interest rate of 6.97%, monthly fee of $9.90, exit fee of $330 and loan term of 16.6 years) who used the Mozo Home Loan Health Check tool between 1 January 2012 to July 2012.