Rates and fees verified as correct at 28 June 2022. Other information correct at the time of writing. Advertiser disclosure.
Athena offers both principal & interest as well as interest-only variable home loans for owner occupiers and investors at ultra competitive low rates. Known collectively as 'AcceleRates', Athena's variable rate offers follow an innovative pricing system where borrowers are automatically rolled onto cheaper rates as they pay down their mortgage and their loan-to-value ratio (LVR) decreases. There are three price brands available: <80% LVR ('Liberate'), <70% LVR ('Evaporate') and <60% LVR ('Celebrate'). On this front, Athena stands out from the rest of competition, even receiving two 2020 Mozo Experts Choice Awards for best New Home Loan and best Home Loan Innovation.
Athena's home loans also come with a range of flexible features, including the ability to make free extra repayments and access a fee-free redraw facility. Just bear in mind that its loans are only available for properties in capital cities or major population centres.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
2.64% p.a. |
2.64% p.a. |
$0.00 |
$0 |
||
|
2.69% p.a. |
2.66% p.a. |
$0.00 |
$0 |
||
|
2.74% p.a. |
2.69% p.a. |
$0.00 |
$0 |
||
|
3.59% p.a. |
3.02% p.a. |
$0.00 |
$0 |
||
|
2.94% p.a. |
2.94% p.a. |
$0.00 |
$0 |
||
|
2.94% p.a. |
2.96% p.a. |
$0.00 |
$0 |
||
|
3.04% p.a. |
2.99% p.a. |
$0.00 |
$0 |
||
|
3.24% p.a. |
3.08% p.a. |
$0.00 |
$0 |
The one thing most likely to catch your eye is the super low rates on offer, which put Athena Home Loans among the best value home loans in our database. But how can it offer such low rates? For one thing, it doesn’t have the kind of overhead costs the big banks have, meaning it’s able to pass the savings onto customers. It also receives investment funding directly from the Australian superannuation industry.
One of Athena's unique features is its pricing system where borrowers are rewarded for paying down their mortgage with lower interest rates. As your LVR decreases and dips below 70% and 60%, Athena automatically places you on more competitive rate tiers.
Driving home its commitment to customer satisfaction, Athena's Automatic Rate Match promises existing customers that they'll always get the same rate as new ones on a like for like loan.
One of the big appeals of Athena is how it’s managed to rid home loans of a lot of those pesky upfront and ongoing fees, leaving only a few third party costs to worry about.
Not only is the application process a breeze, but once you’ve been approved you’ll be able to manage your loan easily from your desktop or phone. The Athena Home Hub provides you with access to your loan, overview of your transaction history, and a convenient way to make payments all in one.
Mozo users have rated Athena home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
11 Reviews
Been with Athena for a year now, have to say they are the perfect lender because they respond to queries in a timely manner, have the lowest rates, pass on low rates to existing customers not just new ones and are constantly improving their services.
Read full reviewBeen with Athena for a year now, have to say they are the perfect lender because they respond to queries in a timely manner, have the lowest rates, pass on low rates to existing customers not just new ones and are constantly improving their services.
They were fast and efficient. I'm not sure they would be the best if you had complex loan needs, but if your ducks are in a row, and you want a low rate with zero fees I strongly recommend athena. I didn't know anyone already with athena when I joined and so I missed out on the referral bonus, but feel free to use my one: ath-99993 between both of us we save $500 off our loan (250 each)
Read full reviewThey were fast and efficient. I'm not sure they would be the best if you had complex loan needs, but if your ducks are in a row, and you want a low rate with zero fees I strongly recommend athena. I didn't know anyone already with athena when I joined and so I missed out on the referral bonus, but feel free to use my one: ath-99993 between both of us we save $500 off our loan (250 each)
Athena offer a brilliant variable home loan rate (which they even dropped for me and all their other customers equally the day after I settled) with no fees. To do this, they *could* skimp on customer service, but Athena have some of the best customer service I've ever experienced. I honestly couldn't be any happier with my choice to refinance with Athena. The application process was so simple, and reminder/update texts are sent every step of the way so I was always aware of what was happening. If you decide to go with Athena (please do, they really are wonderful!), include ATH-45414 within your application to receive 250 dollarydoos after settlement.
Read full reviewAthena offer a brilliant variable home loan rate (which they even dropped for me and all their other customers equally the day after I settled) with no fees. To do this, they *could* skimp on customer service, but Athena have some of the best customer service I've ever experienced. I honestly couldn't be any happier with my choice to refinance with Athena. The application process was so simple, and reminder/update texts are sent every step of the way so I was always aware of what was happening. If you decide to go with Athena (please do, they really are wonderful!), include ATH-45414 within your application to receive 250 dollarydoos after settlement.
If you are looking to change home loans to Athena Home Loans then please use my referral code ATH-86432 and we both get $ in rewards from Athena. I’ve found them to be one of the lowest rates, good customer service and I love the fact they automatically drop our rate every time they lower the rate, no begging them, we are treated like new customers every time!
Read full reviewIf you are looking to change home loans to Athena Home Loans then please use my referral code ATH-86432 and we both get $ in rewards from Athena. I’ve found them to be one of the lowest rates, good customer service and I love the fact they automatically drop our rate every time they lower the rate, no begging them, we are treated like new customers every time!
Athena make the whole process really easy. Their online process is intuitive and allows you to sign everything digitally and upload documents without needing to do anything paper based. They even had someone meet me at work to verify my identification providing even further ease. They also provide ongoing incentives to encourage others to join. At the moment if you use this code ATH-62716 when you apply you get a $350 cash payment. they also continue to drop my interest rate with the market so I am not locked into the price I signed at. I was initially cautious about Athena as they aren't a traditional bank, and it's all done online, but after doing lots of research and starting the process i was very impressed with the customer service and it was easy! I wish i had done it earlier and saved even more on interest. I highly recommend Athena.
Read full reviewAthena make the whole process really easy. Their online process is intuitive and allows you to sign everything digitally and upload documents without needing to do anything paper based. They even had someone meet me at work to verify my identification providing even further ease. They also provide ongoing incentives to encourage others to join. At the moment if you use this code ATH-62716 when you apply you get a $350 cash payment. they also continue to drop my interest rate with the market so I am not locked into the price I signed at. I was initially cautious about Athena as they aren't a traditional bank, and it's all done online, but after doing lots of research and starting the process i was very impressed with the customer service and it was easy! I wish i had done it earlier and saved even more on interest. I highly recommend Athena.
Applying for an Athena home loan online could take as little as 15 minutes, but you'll need a few details ready: