Fast track your home loan and avoid borrowing hassles this Spring

By Kelly Emmerton · Tuesday, 11 September 2018 · 3 min read

Fact Checked

If you’re in the market to buy a new home or refinance this Spring, you’ll want to ensure that your home loan approval process is as fast and hassle free as possible.

Mortgage lending criteria has tightened in recent months, so as a borrower it pays to be just that little bit more prepared, to maximise your chances of approval and to look for lending options that make applying as hassle-free as possible.

The good news is that a number of lenders are doing their best to make the application process as pain-free as possible, with fast pre-qualification checks, easy online applications and efficient application tracker apps. Read on for the Mozo money editor’s pick of some of the top options to fast track your home loan this Spring.

FAST HOME LOAN OPTIONS

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Important disclosures and comparison rate warning*

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Comparison rate warning

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

How Initial Monthly Repayments figures are estimated

Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

loans.com.au - Essentials Variable 90

3.64% variable interest rate (3.66% comparison rate*)
Find out if you prequalify in less than a minute
$0 application or ongoing fees

Find out more

Award-winning online lender loans.com.au is renowned for its efficient, hassle-free and great-value home loans. You can apply online or over the phone from the comfort of your lounge room and track your application progress through the onTrack app. The Essentials 80 is a super competitive loan, with a low interest rate plus unlimited extra repayments and free redraws.

State Custodians - Low Rate Home Loan with Offset

3.68% variable interest rate (3.69% comparison rate*)
Free offset account plus $0 application or ongoing fees
Pre-qualify online in just 2 minutes

If you’re borrowing from State Custodians, you can find out how much you can borrow and pre-qualify for the Low Rate with Offset Loan online in just 2 minutes. And you don’t have to sacrifice features for speed - this loan comes with a full offset account, the chance to make free extra repayments and a redraw facility.

UBank - UHomeLoan - Discount Offer

3.59% variable interest rate (3.59% comparison rate*)
Kick off your application in as little as 4 minutes
$0 application and ongoing fees

Find out more

UBank’s quick and easy online application process lets you kick your mortgage off in just 4 minutes, and you’ll get a call back from a home loan specialist the next day. The UHomeLoan Discount Offer is also easy on your wallet, with a razor sharp interest rate, no upfront or service fees and a flexible repayment schedule to fit your budget.

NAB - Base Variable Rate Home Loan Special Offer

3.69% variable interest rate (3.73% comparison rate*)
$1,250 cashback with a NAB home loan banking bundle
Borrow with as little as a 5% deposit

Find out more

Rather stick with a big bank? NAB gives you the flexibility to apply online and receive conditional approval 24/7. The NAB Base Variable home loan comes with a competitive low rate and the chance to snag $1,250 cashback when you bundle a loan of $250,000 or more with a NAB Transaction Account. Plus, NAB’s home loan experts can visit you at home to help get the ball rolling on your mortgage application.

Aussie - Select Basic Variable

3.69% variable rate (3.70% comparison rate*)
Free extra repayments and redraw facility
Loan approval in as little as 48 hours

Find out more

You’re probably keen to get your home loan sorted as soon as possible - well, Aussie says it can usually assess your application within 48 hours, and as long as you have your paperwork in order, an Aussie Broker can also arrange your home loan approval in just 48 hours. Plus the loan comes with a killer low interest rate, a bunch of handy features and no ongoing service fees.

Calculate your home loan repayments

We can show you the monthly repayment amount for a range of loans

Want to compare more low rate home loan options? Head over to our mortgage comparison table.

^* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

^** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

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