Athena Variable Home Loan

This product is available in different versions. Pick the right version for you here.

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

2.84% p.a.

2.80% p.a.

$0.00

Athena Variable Home Loan

2.84% p.a.

2.80% p.a.

$0.00

3.34% p.a.

2.99% p.a.

$0.00

Athena Variable Home Loan

3.34% p.a.

2.99% p.a.

$0.00

3.24% p.a.

3.20% p.a.

$0.00

Athena Variable Home Loan

3.24% p.a.

3.20% p.a.

$0.00

3.34% p.a.

3.24% p.a.

$0.00

Athena Variable Home Loan

3.34% p.a.

3.24% p.a.

$0.00

Mozo Review   Athena Variable Home Loan Review

Last updated: 21 October 2019.

What's hot:
  • Rates from 2.84% p.a. (2.80% p.a. comparison rate*)

  • Free extra repayments and redraw facility

  • No annual application fees

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 2.84% p.a. (2.80% 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.

Key features:

Athena is a fintech start-up backed by Macquarie Bank and has thrown a spanner in the works for traditional banking lenders with it’s 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 2.84% p.a. (2.80% 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’s 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.

And with options to choose between weekly, fortnightly and monthly repayments, you can opt to pay more often and therefore save.

The loan has a maximum Loan to Value Ratio (LVR) of 80% of the home’s value saved to qualify for the loan, but that shouldn’t be a problem for refinancers who have built up equity in their homes.

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’s 7 days local phone support, you just won’t be able to visit a branch.

This loan is available to investors and owner occupiers with principal and interest or interest-only repayments, just remember there’s different rates for different types of borrowers.

Who it's good for:

The Athena Variable Home Loan is made for digital-savvy borrowers looking for a great low rate, no fees account to switch from their existing mortgage.

Any catches?

Just keep in mind, this one is only available to those living in capital or major regional cities. 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 5 December 2019. 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
  • 2.84% p.a.

  • n/a

  • n/a

  • n/a

  • 2.80% 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

  • none

  • 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 5 December 2019. 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
  • 3.34% 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
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • none

  • no

  • no

  • 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 5 December 2019. 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
  • 3.24% p.a.

  • n/a

  • n/a

  • n/a

  • 3.20% 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

  • none

  • 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 5 December 2019. 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
  • 3.34% p.a.

  • n/a

  • n/a

  • n/a

  • 3.24% 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

  • 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
10.0/10
Price
10.0/10
Features
10.0/10
Customer service
10.0/10
Convenience
10.0/10
Trust
10.0/10

Latest review of Athena Variable Home Loan

  • 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...

    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

    Daniel | New South Wales

    reviewed 10 days ago

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2.84% p.a. variable

2.80% p.a.

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$785

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2.99% p.a.

$500

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3.25% p.a.

$835

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2.84% p.a.

2.84% p.a.

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2.88% p.a.

2.90% p.a.

$520

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2.84% p.a.

2.80% p.a.

$0

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2.84% p.a.

2.85% p.a.

$0

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2.82% p.a.

2.86% p.a.

$785

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2.74% p.a.

2.77% p.a.

$596

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Newcastle Permanent

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3.19% p.a.

3.23% p.a.

$0

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CUA

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Achieve Variable Home Loan

3.20% p.a.

3.25% p.a.

$835

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2.84% p.a.
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3.59% p.a.

$395

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2.99% p.a.
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$520

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2.84% p.a.
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2.92% p.a.

$0

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3.49% p.a.
fixed 3 years

3.90% p.a.

$500

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Well Balanced Fixed

2.74% p.a.
fixed 3 years

2.84% p.a.

$785

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2.98% p.a.
fixed 3 years

4.29% p.a.

$835

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2.84% p.a.
fixed 3 years

3.44% p.a.

$799

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2.89% p.a.
fixed 3 years

3.96% p.a.

$0

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Star Essentials Home Loan

2.74% p.a.

2.77% p.a.

$0.00

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2.82% p.a.

2.86% 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.