The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 60%
The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $100,000 and $2,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 60%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $100,000 and $2,000,000 with an LVR below 80%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
|
|
Owner Occupier | Principal & Interest | < 60% | $100,000 | $2,000,000 |
|
|
Owner Occupier | Principal & Interest | 60%-70% | $100,000 | $2,000,000 |
|
|
Owner Occupier | Principal & Interest | 70%-80% | $100,000 | $2,000,000 |
|
|
Owner Occupier | Interest Only | < 80% | $100,000 | $2,000,000 |
|
|
Investor | Principal & Interest | < 60% | $100,000 | $2,000,000 |
|
|
Investor | Principal & Interest | 60%-70% | $100,000 | $2,000,000 |
|
|
Investor | Principal & Interest | 70%-80% | $100,000 | $2,000,000 |
|
|
Investor | Interest Only | < 80% | $100,000 | $2,000,000 |
Owner Occupier (Principal & Interest)
LVR < 60%
Loan: $100,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR 60%-70%
Loan: $100,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan: $100,000 $2,000,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $100,000 $2,000,000
Investor (Principal & Interest)
LVR < 60%
Loan: $100,000 $2,000,000
Investor (Principal & Interest)
LVR 60%-70%
Loan: $100,000 $2,000,000
Investor (Principal & Interest)
LVR 70%-80%
Loan: $100,000 $2,000,000
Investor (Interest Only)
LVR < 80%
Loan: $100,000 $2,000,000
The new Athena AcceleRATES home loan is a competitive mortgage with some of the lowest rates around from 2.14% (2.14% comparison rate*) and no application or ongoing fees. But the value doesn’t end there, because the loan also offers free extra repayments, a free redraw facility and automatic rate discounts as borrowers pay down their loan.
Athena is a fintech start-up backed by Macquarie Bank which has thrown a spanner in the works for traditional banking lenders with its low rates and competitive offers. And as you might expect, Athena isn't afraid to innovate.
That’s exactly what Athena has done with the AcceleRATES home loan which not only offers some seriously competitive variable rates to owner occupiers and investors with lower loan-to-value ratios (LVRs), it actually automatically rewards borrowers with discounted rates when they pay down their loan.
So how does the loan work?
To start with, owner occupiers and investors will be able to access different rates tiers (which have different names) on loans between $100k and $2 million depending on their LVR:
Liberate (70-80% LVR): Rates from 2.24% (2.18% comparison rate*) for owner occupiers and 2.59% (2.48% comparison rate*) for investors
Evaporate (60-70% LVR): Rates from 2.19% (2.16% comparison rate*) for owner occupiers and 2.49% (2.43% comparison rate*) for investors
Celebrate (<60% LVR): Rates from 2.14% (2.14% comparison rate*) for owner occupiers and 2.39% (2.39% comparison rate*) for investors
But it doesn’t stop there. As borrowers pay down their loans Athena will automatically apply the applicable rate discount (shown above) as soon as a borrower enters a new LVR tier.
Athena also offers a number of handy features with the AcceleRATES loan. For instance, borrowers can make free, unlimited extra repayments towards their loan and then make use of the redraw facility to take back any of that extra money they’ve put in (should they need to).
There are also no fees to worry about. No application fees, no ongoing fees and no discharge fees. Zip.
Because Athena is an online lender, you will need to be a fan of the online application process. You can always save your application, come back to it, and keep track of it online, or if you have questions there is local phone support seven days a week. You just won’t be able to visit a branch.
The Athena AcceleRATES home loan is made for digital-savvy borrowers looking for a low rate, no fee home loan which actively rewards customers (via Athena’s tiered discounting system) for paying off their loan.
It’s also worth mentioning that you’ll need at least a 20% deposit (or an LVR below 80%) to qualify for the loan.
|
2.14% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.14% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$100,000 |
|
|
$2,000,000 |
|
|
none |
|
|
60.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
yes |
|
|
Only available for properties in capital cities or major population centres. |
|
|
Athena AcceleRATES automatically moves the loan to the lower Evaporate rate tier when you have paid the loan off to 60-70% LVR, then to the Celebrate rate for <60% LVR. |
|
|
none |
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.
|
2.19% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.16% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$100,000 |
|
|
$2,000,000 |
|
|
60.00% |
|
|
70.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
yes |
|
|
Only available for properties in capital cities or major population centres. |
|
|
Athena AcceleRATES automatically moves the loan to the lower Evaporate rate tier when you have paid the loan off to 60-70% LVR, then to the Celebrate rate for <60% LVR. |
|
|
none |
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.
|
2.24% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.18% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$100,000 |
|
|
$2,000,000 |
|
|
70.00% |
|
|
80.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
yes |
|
|
Only available for properties in capital cities or major population centres. |
|
|
Athena AcceleRATES automatically moves the loan to the lower Evaporate rate tier when you have paid the loan off to 60-70% LVR, then to the Celebrate rate for <60% LVR. |
|
|
none |
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.
|
3.09% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.52% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$100,000 |
|
|
$2,000,000 |
|
|
none |
|
|
80.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
yes |
|
|
Only available for properties in capital cities or major population centres. 5 year maximum interest only period. |
|
|
Athena AcceleRATES automatically moves the loan to the lower Evaporate rate tier when you have paid the loan off to 60-70% LVR, then to the Celebrate rate for <60% LVR. |
|
|
none |
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.
|
2.44% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
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2.44% p.a. |
|
|
n/a |
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n/a |
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n/a |
|
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n/a |
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n/a |
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|
n/a |
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|
n/a |
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|
n/a |
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$0.00 |
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$0.00 |
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$0.00 |
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$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$100,000 |
|
|
$2,000,000 |
|
|
none |
|
|
60.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
yes |
|
|
Only available for properties in capital cities or major population centres. |
|
|
Athena AcceleRATES automatically moves the loan to the lower Evaporate rate tier when you have paid the loan off to 60-70% LVR, then to the Celebrate rate for <60% LVR. |
|
|
none |
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.
|
2.49% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.46% p.a. |
|
|
n/a |
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|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$100,000 |
|
|
$2,000,000 |
|
|
60.00% |
|
|
70.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
yes |
|
|
Only available for properties in capital cities or major population centres. |
|
|
Athena AcceleRATES automatically moves the loan to the lower Evaporate rate tier when you have paid the loan off to 60-70% LVR, then to the Celebrate rate for <60% LVR. |
|
|
none |
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.
|
2.54% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.48% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$100,000 |
|
|
$2,000,000 |
|
|
70.00% |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
yes |
|
|
Only available for properties in capital cities or major population centres. |
|
|
Athena AcceleRATES automatically moves the loan to the lower Evaporate rate tier when you have paid the loan off to 60-70% LVR, then to the Celebrate rate for <60% LVR. |
|
|
none |
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.
|
2.74% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
2.58% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
$0.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$100,000 |
|
|
$2,000,000 |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
none |
|
|
no |
|
|
yes |
|
|
Only available for properties in capital cities or major population centres. 5 year maximum interest only period. |
|
|
Athena AcceleRATES automatically moves the loan to the lower Evaporate rate tier when you have paid the loan off to 60-70% LVR, then to the Celebrate rate for <60% LVR. |
|
|
none |
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.
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!
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.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a. variable
2.46% p.a.
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.94% p.a. variable
3.35% p.a.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a. variable
2.46% p.a.
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.94% p.a. variable
3.35% p.a.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a.
2.46% p.a.
Qudos Bank
Fixed Rate Home Loan
4.19% p.a.
fixed 3 years
2.92% p.a.
Heritage Bank
Fixed Rate Loan (Home Advantage)
4.49% p.a.
fixed 3 years
3.32% p.a.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a.
2.46% p.a.
$0.00
Qudos Bank
No Frills Home Loan
1.99% p.a.
1.99% p.a.
$0.00
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.
