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  • FirstMac home loan reviews

    How are FirstMac home loans rated by the Mozo community?

    12%

    Overall Mozo Community rating: 1.2 out of 10

    FirstMac home loans

    Overall rating: 1.2 (5 reviews)*

    Last reviewed: 02 May 2011


    1. Overall customer rating
    1. Price
    1. Features
    1. Service
    1. Convenience
    1. Trust

    * based on reviews in the past 12 months

    Reviews: 33

    Thumbs up: 17 | Thumbs down: 16

    Featured home loan from FirstMac

    • Firstmac Home Loan (LVR 80%-90%)
    • variable rate

      6.35%

    • comparison rate

      6.45%


    Other home loans

    • Fixed Loan
    • fixed 1 year rate

      5.95%

    • comparison rate

      6.15%

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    • Line of Credit (over $250k) (Professional Package)
    • variable rate

      6.42%

    • comparison rate

      6.75%

    • Go to site
       

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    Recent FirstMac home loan reviews

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    • Pathetic service and systems, especially internet

        1. Overall customer rating
        2. (Reviewed 5 days ago)

      Absolutely hopeless service. Just waited 12 minutes and they could not even find my details between their systems and their internet banking provider. Totally pathetic AVOID at all costs.       Full review 

      Absolutely hopeless service. Just waited 12 minutes and they could not even find my details between their systems and their internet banking provider. Totally pathetic AVOID at all costs.


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      FirstMac home loan reviewed by Walter from Victoria

      1 person found this review helpful – do you?

      Yes
    • Good mortgage rates, rotten overall service.

        1. Overall customer rating
        2. (Reviewed 17 days ago)

      They are ok for just a home loan, rates and a redraw account etc., but you need to put all your cash in there. There the service stops, no 24hr call centre help, the only time I got near a branch was when on holiday in Brisbane, not sure if they h...       Full review 

      They are ok for just a home loan, rates and a redraw account etc., but you need to put all your cash in there. There the service stops, no 24hr call centre help, the only time I got near a branch was when on holiday in Brisbane, not sure if they have any branches - more like a twig of a service - so I have to run a second a/c for emergencies. I really should think about moving.


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      FirstMac home loan reviewed by Karen from South Australia

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    • Run the other way.

        1. Overall customer rating
        2. (Reviewed 19 days ago)

      Back in 2006 when I first got my mortgage, they seemed fairly competitive in terms of pricing. However over the course of 3 years, their service quickly deteriorated. Refinancing was the best decision I ever made. However they "lost" the paperwork...       Full review 

      Back in 2006 when I first got my mortgage, they seemed fairly competitive in terms of pricing. However over the course of 3 years, their service quickly deteriorated. Refinancing was the best decision I ever made. However they "lost" the paperwork that was sent to them by ANZ, which delayed refinancing for a month and therefore incurred more costs as they charged for an extra month of repayments. Steer clear from these shonky merchants.


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      FirstMac home loan reviewed by Mick from Queensland

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      Yes
        1. Overall customer rating
        2. (Reviewed 6 months ago)

      DO NOT USE FIRST MAC They are without a doubt the worst home loan provider i have ever dealt with. They lack compassion, understanding, and are totally inflexible. Changing products is impossible and their cold management hide behind their frie...       Full review 

      DO NOT USE FIRST MAC They are without a doubt the worst home loan provider i have ever dealt with. They lack compassion, understanding, and are totally inflexible. Changing products is impossible and their cold management hide behind their friendly front line. The credit Industry Ombudsmen is very familiar with these people! STAY WELL CLEAR!


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      FirstMac home loan reviewed by Robert from Queensland

      9 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed 8 months ago)

      The people I have dealt with in customer service are all helpful and a credit to to them. However, this bank has taken side in a divorce, very unprofessional. I was locked out of my account by my ex. They chose not to inform me that the action was...       Full review 

      The people I have dealt with in customer service are all helpful and a credit to to them. However, this bank has taken side in a divorce, very unprofessional. I was locked out of my account by my ex. They chose not to inform me that the action was taking place and order their customer service manager to not inform me. As a result I was left without funds for a number of weeks. Very unprofessional. Do not even consider using these people for your mortgage.


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      FirstMac home loan reviewed by John from Queensland

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed about 1 year ago)

      Initially it's great but when you want to extend the loan it is a bigger rigmarole that the original loan. This is a pain as both our extensions have been for immediate purchases.       Full review 

      Initially it's great but when you want to extend the loan it is a bigger rigmarole that the original loan. This is a pain as both our extensions have been for immediate purchases.


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      FirstMac home loan reviewed by Amanda from New South Wales

      2 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed over 1 year ago)

      They are quite easy to deal with, even though they are based in Qld.. Sometimes there is a delay of 24 hours in transferring money to another account, but their (no frills) rates more than compensate for this.       Full review 

      They are quite easy to deal with, even though they are based in Qld.. Sometimes there is a delay of 24 hours in transferring money to another account, but their (no frills) rates more than compensate for this.


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      FirstMac home loan reviewed by Maureen from Western Australia

      2 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed over 1 year ago)

      Pros - good products.       Full review 

      Pros - good products.


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      FirstMac home loan reviewed by a Mozo reviewer from Victoria

      2 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      Not a lot of product choice but good rates and I can use the debit Visa overal loan does what I need. Internet banking is simple and easy. Wife dislikes dealing with service staff and deals with Admin person for help.       Full review 

      Not a lot of product choice but good rates and I can use the debit Visa overal loan does what I need. Internet banking is simple and easy. Wife dislikes dealing with service staff and deals with Admin person for help.


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      FirstMac home loan reviewed by Russell from South Australia

      2 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      Obviously not a regular big bank but so much better. I've had loans with all the main 4 banks but Firstmac's service, fees and charges and rates are just the best. I only heard of them through my finance broker and I was a little bit hesitant at f...       Full review 

      Obviously not a regular big bank but so much better. I've had loans with all the main 4 banks but Firstmac's service, fees and charges and rates are just the best. I only heard of them through my finance broker and I was a little bit hesitant at first but so happy I used them. I had my loan approved weeks quicker than any of my friends with much less stress. Can't say enough good things about how much better than my previous lenders they have been.


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      FirstMac home loan reviewed by Hamish from New South Wales

      3 people found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      Generally OK, they were pleasant to deal with at first and we settled on the loan purely as the banks tend to add on features not really needed and charge for them but the support is a bit unpredictable. Customer service might be good one day but ...       Full review 

      Generally OK, they were pleasant to deal with at first and we settled on the loan purely as the banks tend to add on features not really needed and charge for them but the support is a bit unpredictable. Customer service might be good one day but bad the next and also you have to confirm details with them as they have gotten details wrong so just be aware accuracy is an issue with them which might pose a prob later down the track.


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      FirstMac home loan reviewed by Lesal from South Australia

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      Although I hadn't heard of this bank before my broker mentioned them I am so happy that he did! Their service was terrific all the way - loan was all approved in less than a week - valuation everything!! and they don't have any ongoing fees and a ...       Full review 

      Although I hadn't heard of this bank before my broker mentioned them I am so happy that he did! Their service was terrific all the way - loan was all approved in less than a week - valuation everything!! and they don't have any ongoing fees and a much better rate than all of my friends! I would recommend their service to anyone.


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      FirstMac home loan reviewed by Gemma from Queensland

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      Awful company run by awful people. A disgrace.       Full review 

      Awful company run by awful people. A disgrace.


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      FirstMac home loan reviewed by Mk from Queensland

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      Communication is a let down. Returning calls are not followed through. Wanting to change anything with your loan will cost you big time.       Full review 

      Communication is a let down. Returning calls are not followed through. Wanting to change anything with your loan will cost you big time.


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      FirstMac home loan reviewed by Di from Queensland

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      As a non working parent I am slugged the higher interest. If I was a working parent I would be able to have a lower interest rate.       Full review 

      As a non working parent I am slugged the higher interest. If I was a working parent I would be able to have a lower interest rate.


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      FirstMac home loan reviewed by Nancy from Tasmania

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      My loan was sold to FirstMac by HSBC and I had no choice and I lost all my convenience as there's no product choices so its a basic loan. My loan was then sold to a company called salsforce who own Firstmac and they are by far worse in terms of se...       Full review 

      My loan was sold to FirstMac by HSBC and I had no choice and I lost all my convenience as there's no product choices so its a basic loan. My loan was then sold to a company called salsforce who own Firstmac and they are by far worse in terms of service and reliability.I wasnt even allowed to speak to a complaints person when they stuffed up my salary credit not once but twice! No apology nothing and yet the person I spoke with agreed it was their error and he was supposedly a Leader! Terrible experiences.


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      FirstMac home loan reviewed by Narosh l parkires from Queensland

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      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      When I first dealt with FirstMac back in 2006 they were so incredibly friendly and helpful and requests were done quick such as our extra cash for bathroom reno. What a difference now, on calling customer service you are met with very young kids w...       Full review 

      When I first dealt with FirstMac back in 2006 they were so incredibly friendly and helpful and requests were done quick such as our extra cash for bathroom reno. What a difference now, on calling customer service you are met with very young kids who generally cannot answer basic questions or provide variations of facts and are rude when you ask to many questions, its like they are defensive. When dealing with the sales team again they sound so inexperienced and unprofessional. I cant wait to leave.


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      FirstMac home loan reviewed by Carrie oldfield from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      We have a basic home loan with offset account. We are extremely happy with First Mac.       Full review 

      We have a basic home loan with offset account. We are extremely happy with First Mac.


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      FirstMac home loan reviewed by Shirley from South Australia

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      Yes
        1. Overall customer rating
        2. (Reviewed almost 2 years ago)

      Most transactions are done online. Unlike Challenger you need to always get the intermediary to change your payments so I can't directly change or increase payments online. I have to go through the broker BMM all the time to do this by faxing my...       Full review 

      Most transactions are done online. Unlike Challenger you need to always get the intermediary to change your payments so I can't directly change or increase payments online. I have to go through the broker BMM all the time to do this by faxing my increase on their document.


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      FirstMac home loan reviewed by Darren jones from South Australia

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      Yes
        1. Overall customer rating
        2. (Reviewed about 2 years ago)

      I was transferred to Firstmac by HSBC after having a loan with them. My dealings with Firstmac since then have been minimal but always the staff have been able to assist with my enquiries.       Full review 

      I was transferred to Firstmac by HSBC after having a loan with them. My dealings with Firstmac since then have been minimal but always the staff have been able to assist with my enquiries.


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      FirstMac home loan reviewed by Bob from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed about 2 years ago)

      much the same as other banks - they look after their own interests       Full review 

      much the same as other banks - they look after their own interests


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      FirstMac home loan reviewed by Danielle from Victoria

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      Yes
        1. Overall customer rating
        2. (Reviewed about 2 years ago)

      Service has been going downhill for a while. When you call with the same question, you will get told something different every time so Firstmac is not very competent or trustworthy. Their sales reps are terribly pushy and border on being rude and ...       Full review 

      Service has been going downhill for a while. When you call with the same question, you will get told something different every time so Firstmac is not very competent or trustworthy. Their sales reps are terribly pushy and border on being rude and getting a callback just doesn't happen. ANZ here I come.


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      FirstMac home loan reviewed by Troy andersen from Victoria

      1 person found this review helpful – do you?

      Yes
        1. Overall customer rating
        2. (Reviewed about 2 years ago)

      The service at FirstMac was just crazy and my only thought is that their staff have no idea who they work for and what their products are. I had a negative experience where the sales rep who dealt with my questions seemed very confused and standof...       Full review 

      The service at FirstMac was just crazy and my only thought is that their staff have no idea who they work for and what their products are. I had a negative experience where the sales rep who dealt with my questions seemed very confused and standoffish about their products (could not distinguish between FirstMac and another product called Asure) and I was sent on a round-Robbin chase for about 20 minutes. Finally, I just gave up and called Commonwealth who gave a great rate and all was sorted in 15 minutes.


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      FirstMac home loan reviewed by Damon hunter from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed over 2 years ago)

      Would recommend to others as their rates are pretty good but that's where it stops. Processing time was too long and no one ever called me back and I had to keep chasing them, so I assumed they didn't want my business. Dealing with their customer ...       Full review 

      Would recommend to others as their rates are pretty good but that's where it stops. Processing time was too long and no one ever called me back and I had to keep chasing them, so I assumed they didn't want my business. Dealing with their customer service wasn't much better either. Very disappointing.


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      FirstMac home loan reviewed by Jamie from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed over 2 years ago)

      FirstMac have very good rates and I do like our product but in saying that their Internet Banking Site is just shocking and looks like it was designed by a 12 year old. Also the service is just so inconsistent and they just don't sound very confid...       Full review 

      FirstMac have very good rates and I do like our product but in saying that their Internet Banking Site is just shocking and looks like it was designed by a 12 year old. Also the service is just so inconsistent and they just don't sound very confident. In fact we could call with the same question 5 times and get a different answer and in some cases the person we call cannot even answer and seems almost distracted or doesn't care.


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      FirstMac home loan reviewed by Dean from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed over 2 years ago)

      I like the flexibility but interest rates are higher than they should be.       Full review 

      I like the flexibility but interest rates are higher than they should be.


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      FirstMac home loan reviewed by Coral from Queensland

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      Yes
        1. Overall customer rating
        2. (Reviewed over 2 years ago)

      My FirstMac home loan is great, but it was a very long and slow application process.       Full review 

      My FirstMac home loan is great, but it was a very long and slow application process.


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      FirstMac home loan reviewed by Kerrie from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed almost 3 years ago)

      First Mac offers a reasonable interest rate       Full review 

      First Mac offers a reasonable interest rate


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      FirstMac home loan reviewed by Beshara from Victoria

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      Yes
        1. Overall customer rating
        2. (Reviewed over 3 years ago)

      First Mac brought out our existing home loan from HSBC and they are much more friendly and more informative. I dislike that there are no local branches that I can drop into if I have questions but the helpline is open extended hours and can genera...       Full review 

      First Mac brought out our existing home loan from HSBC and they are much more friendly and more informative. I dislike that there are no local branches that I can drop into if I have questions but the helpline is open extended hours and can generally help.


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      FirstMac home loan reviewed by Melissa from New South Wales

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      Yes
        1. Overall customer rating
        2. (Reviewed over 3 years ago)

      Our loan was with HSBC who sold our loan to First Mac so it wasn't our choice       Full review 

      Our loan was with HSBC who sold our loan to First Mac so it wasn't our choice


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      FirstMac home loan reviewed by a Mozo reviewer from Victoria

      1 person found this review helpful – do you?

      Yes

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