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 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 60%
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 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 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 60%
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 | 70%-80% | $100,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | 60%-70% | $100,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | < 60% | $100,000 | $2,000,000 |
| | Owner Occupier | Interest Only | < 80% | $100,000 | $2,000,000 |
| | Investor | Principal & Interest | 70%-80% | $100,000 | $2,000,000 |
| | Investor | Principal & Interest | 60%-70% | $100,000 | $2,000,000 |
| | Investor | Principal & Interest | < 60% | $100,000 | $2,000,000 |
| | Investor | Interest Only | < 80% | $100,000 | $2,000,000 |
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan: $100,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR 60%-70%
Loan: $100,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR < 60%
Loan: $100,000 $2,000,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $100,000 $2,000,000
Investor (Principal & Interest)
LVR 70%-80%
Loan: $100,000 $2,000,000
Investor (Principal & Interest)
LVR 60%-70%
Loan: $100,000 $2,000,000
Investor (Principal & Interest)
LVR < 60%
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 2.29% (2.23% 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.
It's perhaps little surprise then that it was one of the most celebrated home loans in the 2020 Mozo Experts Choice Awards, taking out the major titles of Best New Home Loan and Home Loan Innovation as well as Best Low Cost Home Loan and Best Investor Home 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 2.29% (2.23% comparison rate*) for owner occupiers and 2.64% (2.59% comparison rate*) for investors
Evaporate (60-70% LVR): Rates from 2.24% (2.21% comparison rate*) for owner occupiers and 2.59% (2.56% comparison rate*) for investors
Celebrate (<60% LVR): Rates from 2.19% (2.19% comparison rate*) for owner occupiers and 2.54% (2.54% 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.
The AcceleRATES home loan doesn’t offer an offset account which may be an important feature for some borrowers. It’s also worth mentioning that you’ll need at least a 20% deposit (or an LVR below 80%) to qualify for the loan.
2.29% p.a.
n/a
n/a
n/a
2.23% 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
no
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
2.21% 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
no
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
2.19% 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
no
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.
2.84% p.a.
n/a
n/a
n/a
2.46% 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
no
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.
2.64% p.a.
n/a
n/a
n/a
2.59% 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
no
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.
2.59% p.a.
n/a
n/a
n/a
2.56% 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%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
none
no
no
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
2.54% 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%
Investor
Principal & Interest
Weekly, Fortnightly, Monthly
yes - free
no
yes - free
none
no
no
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.
2.84% p.a.
n/a
n/a
n/a
2.68% 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
no
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.
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.
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 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.
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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.
