The killer home lender stealing bank borrowers in droves

Mozo

12 Nov 2019

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Aussie home borrowers looking for lower rates and flexible lending terms are deserting the big banks in earnest for more competitive smaller lenders, and one non-bank lender in particular stands out from the pack.

You may not have heard of them just yet, but Aussie-owned loans.com.au is on a mission to become the nation’s most popular online lender and is winning over fed-up bank borrowers in droves with a killer combination of ultra-low interest rates and hassle-free online applications.

"Many people are keen to leave the big banks and are surprised to discover how easy it is to refinance and the great deals that are out there with online lenders", says loans.com.au Managing Director Marie Mortimer. 

So if you're looking for a more flexible way to borrow at a low rate that could save you thousands, read on for our expert rundown of loans.com.au's top home loans to find out if this digital dynamo could be your solution to saving big on your mortgage….

KILLER VARIABLE RATE LOAN

Promoted

loans.com.au Smart Home Loan
  • 2.88% variable rate (2.90% comparison rate*)

  • $0 application or ongoing fees

  • Unlimited free extra repayments and redraw facility

This ultra low rate, low fee home loan is packed with useful features like free redraw, the ability to make free extra repayments and a split loan option. Boasting one of the lowest variable rates on the market, the Smart Home Loan really is a smart choice for borrowers who are looking to save money on interest and get mortgage free faster. You can borrow up to $1 million with this loan, and pay no annual or application fee.

LOW RATE OFFSET HOME LOAN

Promoted

loans.com.au Offset Variable 80
  • 3.12% variable rate (3.14% comparison rate*)

  • Free redraw offset facility with linked Visa debit card

  • No monthly or ongoing fees (upfront fee applies)

Want a home loan with premium features minus the cost? The Offset Variable 80 offers a suite of flexible features including a 100% offset redraw facility with no monthly fees, no setup costs, and unlimited access to your funds via a linked Visa debit card. You'll also enjoy free redraw and extra repayments, not to mention a competitive variable rate and ongoing fees. It's available for loans up to $2 million.

SPECIAL FIXED RATE OFFER

Promoted

loans.com.au Fixed Rate Special Offer
  • 2.99% fixed rate for 3 years (3.27% comparison rate*)

  • Free extra repayments up to $10,000 a year

  • No monthly or ongoing fees

If you'd like peace of mind over your mortgage repayments, this Fixed Rate Special Offer is worth checking out. Not only can you lock in a sub 3.00% rate for 3 years, you can benefit from the option to make free extra repayments of up to $10,000 a year to pay off your mortgage faster. You can also fix part of your loan and leave the rest on a low variable rate, which will let you use the 100% offset redraw facility to reduce your interest.

*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 the amount and term you entered.

**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. 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.

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

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