act. home loans

act.
act.'s overall rating for home loans

(as rated by the Mozo community)

2.3 / 10

based on 3 reviews

If you want a competitive home loan that will help you own your own home and do some good in the world all at once, look no further than act. An ethical banking alternative backed by Bendigo Bank, act. gives you the chance to make regular contributions to worthy causes and all you have to do is choose to use one of their financial products.

Rates and fees verified as correct at 10 December, 2016. Other information correct at the time of writing.

What home loans do act. offer?

Fixed Rate Home Loans Fixed Rate Home Loans

Check out the fixed rate home loan from act. if you’re a fan of a monthly budget. You can borrow up to 95% of the value of the property and choose to make repayments weekly, fortnightly or monthly. In terms of features, you’ll have the use of a partial offset account, and be able to make free redraws and free extra repayments up to 20% of the loan balance during the fixed term. Keep in mind that there are application, legal, valuation and settlement fees up front, plus a monthly service fee to budget for.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.24% p.a.

4.81% p.a.

$10.00 monthly

$750


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Variable Rate Home Loans Variable Rate Home Loans

If you’re after a little more flexibility in your home loan, you might opt for the act. variable rate alternative. With this offer, you can borrow up to 95% of the property's value, and make unlimited free extra repayments. You’ll also have the use of a free redraw facility and a partial offset account. If you’d like to upgrade to a full offset account, you can do so for a fee. Speaking of fees, like the fixed rate alternative, you’ll pay application, legal, valuation and settlement fees up front, plus a monthly service fee with the variable rate home loan from act.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

5.38% p.a.

5.55% p.a.

$10.00 monthly

$750

4.78% p.a.

4.95% p.a.

$10.00 monthly

$750

4.58% p.a.

4.75% p.a.

$10.00 monthly

$750

4.48% p.a.

4.65% p.a.

$10.00 monthly

$750


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act. home loan features in a glance

Offset accountOffset account

You’ll get the use of a partial offset account on your act. home loan, and if you opt for the variable rate offer, you can upgrade to a full offset account for a monthly fee.

Fee-free extra repaymentsFee-free extra repayments

Pay your mortgage off faster by making fee free additional repayments! Remember, while these repayments are unlimited on the variable rate offer, they’re capped at 20% of the loan balance during fixed terms.

Flexible repayment scheduleFlexible repayment schedule

Make your repayments suit your budget by choosing a weekly, fortnightly or monthly repayment schedule.

How are act. home loans rated?

Want to know how act. home loans compare in areas like trust, convenience and price according to their customers? Well now you can find out, by reading through our customer review section.

act. home loans

Overall 2.3*

Price

Features

Customer service

Convenience

Trust

3 Reviews

* Overall rating based on reviews in the past 12 months.

Recent act. home loan reviews Recent act. home loan reviews

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Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a act. home loan? What do you need to apply for a act. home loan?

To take out a home loan with act. you need to be:

  • over 18 years of age
  • an Australian citizen or permanent resident
  • in paid employment

You’ll also need to have:

  • a good credit history
  • details about your income and employment
  • details of assets such as savings, property or shares
  • identification, which could include your Driver's Licence or passport
  • your Medicare card details
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