Loans.com.au & ME Bank ruffle the big banks' feathers with hot new investment home loan offers

By Rhianna Dews · · 2 min read
Fact Checked
Advertiser disclosure

Just in time for the Spring property season, we’re seeing a new trend of smaller lenders on a mission to take on the big banks in the investment loan space with a number of investor interest rate drops.

In fact, online lender Loans.com.au have broken the mould altogether, launching two new investor home loan products which offer the same rates for principal and interest and interest-only investor home loans. But get in quick because the offer is available for a limited time only.

Loans.com.au Managing Director Marie Mortimer said, “as a challenger lender, we have responded to what investors really want from their loans and heard loud and clear that they want to stop paying the ‘big bank premium’ on their investment loan.”

“Our new loans offer much better value than the big banks so we think they will convince a lot of investors to look beyond their current bank to our offering and really help to drive competition in the market,” Mortimer said.

The following new Loans.com.au investor home loan interest rates are available from 24 September 2019:

Joining in on the fight against the big banks, ME Bank also cut its variable principal and interest and interest-only investor home loan rates, by as much as 49 basis points. ME Bank’s new investor home loan interest rates are also available from the 24 September 2019. Here are the new rates:

Home loan interest rates are dropping left, right and centre, thanks to the recent RBA rate cuts, so if you’re looking to enter the investment property market this Spring property season, then now’s the time to hook yourself up with a nice low rate.

For more hot offers, check out our investment property home loan 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

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Compare home loans