9.0 / 10

based on 3 reviews as rated by Mozo community

Athena home loans

Athena Home Loans 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. It’s christened itself “the home loan wrecker,” and the low rates on offer promise to do just that.

If you’re looking for an alternative to the big banks, or maybe the deals currently out there don’t give you much to get excited about, Athena offers a long-awaited alternative. Best of all, in 2020 Athena took out two major Mozo Experts Choice Awards for Best New Home Loan and Home Loan Innovation.

What home loans do Athena offer?

Rates and fees verified as correct at 26 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Variable Rate Home Loans

Athena offers both principal and interest and interest only home loans for owner occupiers and investors at super competitive low rates. Depending on the type of property, its location, and whether it’s valued at over $2.5 million, you may only be eligible to borrow up to 70%.

Home loan repayments calculator

years

Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡  

2.34% p.a.

2.34% p.a.

$0.00

$0

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2.39% p.a.

2.36% p.a.

$0.00

$0

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2.44% p.a.

2.38% p.a.

$0.00

$0

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2.99% p.a.

2.59% p.a.

$0.00

$0

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2.69% p.a.

2.69% p.a.

$0.00

$0

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2.74% p.a.

2.71% p.a.

$0.00

$0

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2.79% p.a.

2.74% p.a.

$0.00

$0

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2.99% p.a.

2.81% p.a.

$0.00

$0

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*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 $150,000 over 25 years.

‡ 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.

Athena home loan features in a glance

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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.

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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.

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Minimal fees

One of the big appeals of Athena is how it’s managed to rid home loans of a lot of those pesky fees, leaving only a few third party costs to worry about. 

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Easy access

Not only is the application process a breeze, 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 loan 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
9.0/10
Price
Features
Customer service
Convenience
Trust
3 reviews

Recent Athena home loan reviews

Athena AcceleRATES Variable Home Loan review
Overall 9/10
Great no frills home loan with a low variable rate

Great 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 review

Great 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.

Price
10/10
Features
0/10
Customer service
10/10
Convenience
8/10
Trust
10/10
Less
Peter, Queensland reviewed 5 months ago
Athena AcceleRATES Variable Home Loan review
Overall 8/10
No frills, low cost

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 review

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.

Price
9/10
Features
5/10
Customer service
7/10
Convenience
6/10
Trust
6/10
Less
Jeff, New South Wales reviewed 5 months ago
Athena AcceleRATES Variable Home Loan review
Overall 10/10
Simple, easy, transparent and value for money.

There is no hidden agenda with Athena. Their rates are clearly stated, what you see is what you get. It was such an easy process switching to them. They follow up each month with a reminder of when your payment is due and how much it will be, they also pass on rate cuts straight away and if they offer a better product to new customers, existing customers are offered the same deal.

Read full review

There is no hidden agenda with Athena. Their rates are clearly stated, what you see is what you get. It was such an easy process switching to them. They follow up each month with a reminder of when your payment is due and how much it will be, they also pass on rate cuts straight away and if they offer a better product to new customers, existing customers are offered the same deal.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Daniel, New South Wales reviewed 11 months ago

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

  • Basic identification details, such as a Driver’s licence, Australian Passport or Medicare card
  • Income and employment details (you’ll have to submit your last two months’ payslips, as well as information about any additional income you might receive, including government payments and rental income)
  • Information on assets and liabilities
  • A rundown of your monthly expenses
  • Your most recent statement for the home loan being refinanced


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