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Athena Variable Home Loan

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 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

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $100,000 $2,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $100,000 $2,000,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $100,000 $2,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $100,000 $2,000,000

Rate
2.59% p.a.
Comparison Rate*
2.55% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Rate
3.09% p.a.
Comparison Rate*
2.74% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Rate
2.99% p.a.
Comparison Rate*
2.95% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site
Rate
3.09% p.a.
Comparison Rate*
2.99% p.a.
Service fee
$0.00
Upfront fee
$0
Go to site

Mozo editorial review Athena Variable Home Loan

Last updated: 13 July 2020.

binocular icon
What's hot
  • 2020 Mozo Experts Choice Awards - Best New Home Loan & Home Loan Innovation
  • Rates from 2.59% p.a. (2.55% p.a. comparison rate*)
  • No application fee
  • Free extra repayments and redraw facility
What's not
  • No true offset account
Mozo snapshot

The new Athena Variable Home Loan is a competitive mortgage with one of the lowest rates around at 2.59% p.a. (2.55% p.a. comparison rate*) and no application or ongoing fees. But don’t think the value ends there, the loan also offers free extra repayments and a free redraw facility.

It's perhaps little surprise then that it was one of the most celebrated home loan 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.

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Key features

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.

As a fintech lender, Athena has great offers for digital-savvy home-buyers looking to get more value out of their home loan. With one of the lowest rates around at 2.59% p.a. (2.55% p.a. comparison rate*) and no annual fees, value is the name of the game with the Athena Variable Home Loan.

Features and offers include fee-free extra repayments, which allow you to pay as much off your mortgage as you want, whenever you want...for free! There are also no costs for lump sum repayments or early payout or to use the redraw facility to set back some of the extra money you’ve put in.

The loan has a maximum Loan to Value Ratio (LVR) of 80%, meaning you'll need to have a deposit of 20%, and comes with the option to make weekly, fortnightly or monthly repayments.

Because Athena is an online lender, you’ll 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 are 7 days local phone support, you just won’t be able to visit a branch.

This loan is available to investors and owner-occupiers making principal and interest or interest-only repayments. Just remember there are different rates for different types of borrowers.

snapshot
Who is it good for

The Athena Variable Home Loan is made for digital-savvy borrowers looking for a great low rate, no fees home loan.

snapshot
Any catches

The Athena Variable Home Loan is available to new borrowers and refinancers living in capital or major regional cities and comes with an LVR of <80%. And if you're looking for the added benefit of an offset account, keep in mind this loan doesn't come with one.

Details

Rates and fees information correct as at 8 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.59% p.a.

  • n/a

  • n/a

  • n/a

  • 2.55% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • 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.

  • 0.01% loyalty discount for each year all repayments are made on time, for the first 5 years (0.05% total).

  • 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.

Details

Rates and fees information correct as at 8 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.09% p.a.

  • n/a

  • n/a

  • n/a

  • 2.74% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • 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.

  • 0.01% loyalty discount for each year all repayments are made on time, for the first 5 years (0.05% total).

  • 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.

Details

Rates and fees information correct as at 8 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.99% p.a.

  • n/a

  • n/a

  • n/a

  • 2.95% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • 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.

  • 0.01% loyalty discount for each year all repayments are made on time, for the first 5 years (0.05% total).

  • 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.

Details

Rates and fees information correct as at 8 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.09% p.a.

  • n/a

  • n/a

  • n/a

  • 2.99% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $100,000

  • $2,000,000

  • none

  • 80.00%

Features
  • 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.

  • 0.01% loyalty discount for each year all repayments are made on time, for the first 5 years (0.05% total).

  • 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.

Customer Reviews

How are Athena home loans rated by the Mozo community?

Overall customer rating
9.0/10
Price
9.7/10
Features
5.0/10
Customer service
9.0/10
Convenience
8.0/10
Trust
8.7/10

Latest reviews of Athena Variable Home Loan

  • 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 2 months ago
  • 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 2 months ago
  • 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 9 months ago

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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.