Leading digital lender makes waves with new 5 year fixed home loan

While mortgage holders have had a brief rest with the RBA's pausing of their interest rate hikes, banks have been relentless in passing through these rate rises for the past year.

But one rival lender has come to the aid of borrowers with a new 5 year fixed rate home loan that is sure to send a stampede of savvy switchers their way.

Aussie-owned loans.com.au, who has been taking on the big banks since 2011, now has a competitive 5 year fixed rate of 5.39% (6.05% comparison) available for owner occupier borrowers with up to 90% LVR .

With the average Big Four 5 year fixed home loan rate in the Mozo database now sitting at 6.66%, this new loan provides an opportunity to lock in a decent rate and get some stability back with repayments.   

Read on for our expert rundown of loans.com.au's new 5 year fixed home loan to find out if this digital dynamo could be your solution to keeping some of the mortgage stress at bay….

Top variable refinance offer

Unloan Variable Home Loan
  • 5.74% p.a. variable rate (5.65% p.a. comparison rate*)
  • Zero upfront or ongoing fees
  • Refinancers only

Unloan is a new digital home loan for refinancers built by CommBank. Owner-occupiers receive a low 5.74% p.a. variable rate (5.65% p.a. comparison rate*) along with a loyalty discount that shaves 1 basis point off your interest every year for up to 30 years. Loan features include free extra repayments and redraw, and there are no pesky fees to pay. Available for refinance loans of up to $3M. Minimum 20% deposit. Awarded Best New Home Loan in the 2023 Mozo Experts Choice Awards.^

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* 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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