The killer home lender stealing bank borrowers in droves


03 Apr 2020

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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 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 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's top home loans to find out if this digital dynamo could be your solution to saving big on your mortgage….

  • Low 2.63% variable rate (2.65% comparison rate*)

  • $0 application or ongoing fees

  • Unlimited free extra repayments and redraw facility

This low rate, low fee home loan could help you save thousands on your mortgage and is packed with useful features like free redraw, the ability to make free extra repayments and a split loan option. With all this on offer 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 with a 20% deposit, and pay no annual or application fee.

OFFSET HOME LOAN Smart Home Loan with Offset 80
  • 2.87% variable rate (2.89% comparison rate*)

  • Free 100% redraw offset facility with Visa debit card

  • No ongoing fees

This fully featured low rate home loan comes with a free 100% redraw offset facility to help you to pay off your loan faster and save on interest. Maximise the "offset effect" by arranging for your salary to be paid into the redraw offset facility, while still having full access to your money with a free VISA debit card. You'll also enjoy unlimited extra repayments and free redraws, and pay zero ongoing fees to boot. Available with a 20% deposit or equity.

  • 2.88% fixed rate for 3 years (3.06% comparison rate*)

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

  • Borrow up to 90% of your property's value

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 and pay no monthly or ongoing fees, 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.

^See information about the Mozo Experts Choice Home loans Awards

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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