Rates and fees verified as correct at 10 April, 2021. 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 | |
|---|---|---|---|---|---|---|
| 2.19% p.a. | 2.19% p.a. | $0.00 | $0 | Go to site | ||
| 2.24% p.a. | 2.21% p.a. | $0.00 | $0 | Go to site | ||
| 2.29% p.a. | 2.23% p.a. | $0.00 | $0 | Go to site | ||
| 2.84% p.a. | 2.46% p.a. | $0.00 | $0 | Go to site | ||
| 2.54% p.a. | 2.54% p.a. | $0.00 | $0 | Go to site | ||
| 2.59% p.a. | 2.56% p.a. | $0.00 | $0 | Go to site | ||
| 2.64% p.a. | 2.59% p.a. | $0.00 | $0 | Go to site | ||
| 2.84% p.a. | 2.68% p.a. | $0.00 | $0 | Go to site |
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.
6 Reviews
I'm 5 months into my home loan with Athena and the only regret I have is not leaving my previous lender earlier. I'm a single mum and I couldn't be happier with the customer service I received. Athena made it a smooth and quick process. As stated they pass the full rate cut straight away and a bonus surprise that I didn't know about, if you pay more off your loan they give you a bonus rate dropped. Don't waste your time and money with the big banks.
Read full reviewI'm 5 months into my home loan with Athena and the only regret I have is not leaving my previous lender earlier. I'm a single mum and I couldn't be happier with the customer service I received. Athena made it a smooth and quick process. As stated they pass the full rate cut straight away and a bonus surprise that I didn't know about, if you pay more off your loan they give you a bonus rate dropped. Don't waste your time and money with the big banks.
Athena are a fantastic group who have given the best rate and great service. They have consistently dropped the rate when the RBA do it. They are always easy to deal with when I have questions as well.
Read full reviewAthena are a fantastic group who have given the best rate and great service. They have consistently dropped the rate when the RBA do it. They are always easy to deal with when I have questions as well.
What an absolute waste of time. I submitted a lengthy application. It cleary stated if you have multiple properties not to worry and it can all be handled via the team when they call you. My call was prompt the following day and apparently due to an IT error I am now supposed to submit 2 more applications for the separate properties answering essentially the same information. Not only this but I now have an enquiry on my credit file. Ill be taking this up with the FIO when i have time. Don't waste your time. I should have realised when i made my first call to the uneducated lady that couldn't assist with basic questions.
Read full reviewWhat an absolute waste of time. I submitted a lengthy application. It cleary stated if you have multiple properties not to worry and it can all be handled via the team when they call you. My call was prompt the following day and apparently due to an IT error I am now supposed to submit 2 more applications for the separate properties answering essentially the same information. Not only this but I now have an enquiry on my credit file. Ill be taking this up with the FIO when i have time. Don't waste your time. I should have realised when i made my first call to the uneducated lady that couldn't assist with basic questions.
LessGreat no frills home loan with a very low variable interest rate and good customer service. Matched almost all RBA rate cuts in full. Rates stay the same for new and existing customers. Very good home loan provider.
Read full reviewGreat no frills home loan with a very low variable interest rate and good customer service. Matched almost all RBA rate cuts in full. Rates stay the same for new and existing customers. Very good home loan provider.
No frills and very low rate home loans. Good history of passing on full rate cuts, and a guarantee that existing customers get the same deal as new ones. No fees either.
Read full reviewNo frills and very low rate home loans. Good history of passing on full rate cuts, and a guarantee that existing customers get the same deal as new ones. No fees either.
Applying for an Athena home loan online could take as little as 15 minutes, but you'll need a few details ready:
