based on 14 Athena product reviews as rated by Mozo community

Athena home loans

Fintech home lender Athena launched onto the scene in 2019 with a singular goal: making the path to home ownership as smooth - and as short - as possible. Founded by two former NAB executives, the young upstart isn’t afraid of ruffling a few feathers. Its christened itself “the home loan wrecker,” and the low rates on offer promise to do just that.

If you’re looking for options beyond the big banks, or maybe the home loan deals currently out there don’t give you much to get excited about, Athena offers a long-awaited alternative. 

What home loans do Athena offer?

Rates and fees verified as correct at 13 April 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

6.94% p.a.

6.28% p.a.

$0.00

$0

6.69% p.a.

6.21% p.a.

$0.00

$0

6.94% p.a.

6.30% p.a.

$0.00

$0

6.74% p.a.

6.24% p.a.

$0.00

$0

6.94% p.a.

6.33% p.a.

$0.00

$0

6.79% p.a.

6.28% p.a.

$0.00

$0

6.94% p.a.

6.62% p.a.

$0.00

$0

6.64% p.a.

6.35% p.a.

$0.00

$0

6.54% p.a.

6.24% p.a.

$0.00

$0

6.54% p.a.

6.23% p.a.

$0.00

$0

6.59% p.a.

6.28% p.a.

$0.00

$0

6.59% p.a.

6.27% p.a.

$0.00

$0

6.64% p.a.

6.33% p.a.

$0.00

$0

6.64% p.a.

6.32% p.a.

$0.00

$0

6.54% p.a.

6.22% p.a.

$0.00

$0

6.54% p.a.

6.40% p.a.

$0.00

$0

Variable Rate Home Loans

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. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

6.44% p.a.

6.42% p.a.

$0.00

$0

6.49% p.a.

6.46% p.a.

$0.00

$0

6.54% p.a.

6.50% p.a.

$0.00

$0

6.39% p.a.

6.39% p.a.

$0.00

$0

6.64% p.a.

6.55% p.a.

$0.00

$0

6.29% p.a.

6.27% p.a.

$0.00

$0

6.34% p.a.

6.31% p.a.

$0.00

$0

6.39% p.a.

6.35% p.a.

$0.00

$0

6.24% p.a.

6.24% p.a.

$0.00

$0

6.49% p.a.

6.40% p.a.

$0.00

$0

6.54% p.a.

6.52% p.a.

$0.00

$0

6.59% p.a.

6.56% p.a.

$0.00

$0

6.74% p.a.

6.63% p.a.

$0.00

$0

6.79% p.a.

6.69% p.a.

$0.00

$0

6.69% p.a.

6.59% p.a.

$0.00

$0

6.69% p.a.

6.63% p.a.

$0.00

$0

6.49% p.a.

6.49% p.a.

$0.00

$0

6.39% p.a.

6.37% p.a.

$0.00

$0

6.44% p.a.

6.41% p.a.

$0.00

$0

6.59% p.a.

6.48% p.a.

$0.00

$0

6.64% p.a.

6.54% p.a.

$0.00

$0

6.54% p.a.

6.44% p.a.

$0.00

$0

6.54% p.a.

6.48% p.a.

$0.00

$0

6.34% p.a.

6.34% p.a.

$0.00

$0

Athena home loan features in a glance

Rate icon

Low rates

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.

Image of coins

Dynamic pricing system

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. 

Rate icon

Automatic Rate Match

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.

Free icon

Minimal fees

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. 

Award icon

Easy access

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.

How are Athena home loans rated?

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.

Icon of home-loans
Athena home loans
Overall
Price
Features
Customer service
Convenience
Trust

14 Reviews

Recent Athena home loan reviews

Athena Straight Up with AcceleRATES Variable Home Loan
Overall 1/10
Better home loan providers out there

Increased interest rates higher than RBA rate increase amount which I thought was greedy as rates have been steadily increasing regularly.

Read full review

Increased interest rates higher than RBA rate increase amount which I thought was greedy as rates have been steadily increasing regularly.

Price
1/10
Features
3/10
Customer service
5/10
Trust
1/10
Less
Luke, South Australia, reviewed 25 days ago
Athena AcceleRATES Variable Home Loan
Overall 0/10
As far as home loans go, Athena was great

Refinance or new home loan? Check out Athena Home Loans, 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! Happy to be contacted for the referral code! Please use my code and we both get $500 off the home loan from Athena.

Read full review

Refinance or new home loan? Check out Athena Home Loans, 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! Happy to be contacted for the referral code! Please use my code and we both get $500 off the home loan from Athena.

Less
Lt, Victoria, reviewed over 1 year ago
Athena Home Loan
Overall 0/10
Great home loan!

If you are looking for a new home loan or change home loans to Athena Home Loans then please use ATH-86432 and we both get $500 off the home loan 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! Happy to be contacted for the referral code!

Read full review

If you are looking for a new home loan or change home loans to Athena Home Loans then please use ATH-86432 and we both get $500 off the home loan 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! Happy to be contacted for the referral code!

Less
Lt, Victoria, reviewed over 1 year ago
Athena AcceleRATES Variable Home Loan
Overall 9/10
The perfect lender

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 review

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.

Price
10/10
Features
7/10
Customer service
8/10
Convenience
9/10
Trust
8/10
Less
James, Victoria, reviewed almost 2 years ago
Athena AcceleRATES Variable Home Loan
Overall 10/10
Good lender. Athena referral code: ath-99993

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 review

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)

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Babs, Queensland, reviewed about 2 years ago

What do you need to apply for a Athena home loan?

Applying for an Athena home loan online could take as little as 15 minutes, but you'll need a few details ready: 

Home loan quick links