Meet the killer home lender stealing bank borrowers in droves

Home borrowers looking to lower the cost of their mortgage are increasingly switching to smaller, low-cost lenders right now, and one rival lender has unveiled a refinance home loan that is sure to send a stampede of savvy switchers their way.

Aussie-owned loans.com.au is on a mission to become one of the nation’s most popular online lenders, and to prove it has a competitive refinance rate of 5.35% variable rate (5.37% comparison rate*) for borrowers with 70% LVR or less.

With the average variable home loan rate in the Mozo database now sitting at 5.46%, there are some significant savings on offer for refinancers and particularly borrowers currently with a big 4 bank where the average variable home loan rate is currently at 5.99%.

So if you're looking for a lower rate that could save you thousands, read on for our expert rundown of loans.com.au's new refinance home loan to find out if this digital dynamo could be your solution to saving big on your mortgage….

New loans.com.au refinance offer

Mozo may receive payment if you click to the website of one of the products below. Mozo does not compare the entire market.
Important disclosures and comparison rate warning*
loans.com.au Variable Home Loan 70
  • 5.35% variable rate (5.37% comparison rate*)
  • Free extra repayments and redraw + optional offset account
  • Available to borrowers with 70% LVR
Find out more

This low rate, low fee home loan could help you save thousands on your mortgage and is packed with useful features like unlimited free extra repayments and redraw, multiple loan split options and an optional offset account for 0.10%. You can borrow up to $2 million with 30% deposit or equity, and pay no monthly or ongoing fees. What's more, loans.com.au's streamlined online process lets you find out if you pre-qualify in less than a minute and complete your application online.

loans.com.au refinance offer: 80% LVR

Mozo may receive payment if you click to the website of one of the products below. Mozo does not compare the entire market.
Important disclosures and comparison rate warning*
loans.com.au - Smart Booster Home Loan
  • 5.60% discount variable rate for 2 years (5.97% comparison rate*)
  • Free extra repayments and redraw,
  • Optional offset account for 0.10%
Find out more

Aussie owned loans.com.au has been taking on the banks with low rate online loans since 2011, and this discounted variable home loan is really getting borrowers switching. Designed to help you boost your savings and get mortgage-free faster, the Smart Booster Home Loan is jam-packed with features like unlimited free extra repayments, free redraw and an optional offset account for 0.10%. There are no ongoing fees and its available to borrowers with a 20% deposit for loans of up to $1 million.

Top refinance offer

Mozo may receive payment if you click to the website of one of the products below. Mozo does not compare the entire market.
Important disclosures and comparison rate warning*
Unloan Variable Home Loan
  • 4.99% variable rate (4.90% 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 4.99% variable rate (4.90% 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.^

Calculate your home loan repayments

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

home with heart

Want to compare more home loans? View the latest mortgage rates from over 80 lenders at Mozo's home loan comparison hub.

* 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.