6.6 / 10

based on 418 reviews as rated by Mozo community

Aussie home loans

Aussie was founded in 1992, and now has over 180 retail stores all around Australia. Ever since its inception, Aussie has been for the little guy, and aims to make owning your own home more affordable, by challenging the big banks on everything from home loan rates, to features, to customer service.

Whether you’re a first home buyer looking to break into the property market or a long-time investor shopping for your next project, make it happen with a competitive home loan from Aussie. Plus investors will be happy to hear that Aussie is an award winner - taking home a 2019 Mozo Experts Choice Award for best Investor Fixed Home Loan. 

What home loans do Aussie offer?

Rates and fees verified as correct at 30 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

There are a range of fixed rate home loans on offer from Aussie, and choosing the one for you will depend, among other things, on whether you’re an owner occupier or investor, how you’d like to pay off your loan and your LVR. Loans are available from $100,000 up to $5,000,000 and you can have an LVR of up to 95% on certain offers. You’ll pay a monthly service fee on some options, and an upfront fee on others - on some options, you’ll pay both! So make sure you take advantage of the extra repayment feature - which is free up to 5% on fixed rate loans.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

2.21% p.a.

3.17% p.a.

$0.00

$330

3.49% p.a.

3.41% p.a.

$0.00

$330

2.21% p.a.

2.50% p.a.

$0.00

$330

3.49% p.a.

3.60% p.a.

$15.00 monthly

$330

2.21% p.a.

3.35% p.a.

$15.00 monthly

$330

2.84% p.a.

3.60% p.a.

$0.00

$330

2.79% p.a.

3.29% p.a.

$0.00

$330

2.84% p.a.

3.62% p.a.

$15.00 monthly

$330

2.79% p.a.

3.50% p.a.

$15.00 monthly

$330

Variable Rate Home Loans

There are a heap of variable rate home loans on offer from Aussie, so you’re sure to find something to fit your needs. Just like their fixed rate counterparts, Aussie variable rate home loans are available for amounts from $100,000 up to $5,000,000. Some come with a monthly service fee attached, others with an upfront fee - so make sure you know what charges you’re up for. You can also choose a repayment schedule to meet your needs (fortnightly or monthly) and make use of a bunch of great money saving features, like fee free extra repayments and a redraw facility.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

3.14% p.a.

3.18% p.a.

$0.00

$330

3.34% p.a.

3.37% p.a.

$0.00

$330

2.55% p.a.

2.57% p.a.

$0.00

$330

3.44% p.a.

3.47% p.a.

$0.00

$330

3.14% p.a.

3.34% p.a.

$15.00 monthly

$330

3.34% p.a.

3.56% p.a.

$15.00 monthly

$330

2.70% p.a.

2.91% p.a.

$15.00 monthly

$330

3.44% p.a.

3.66% p.a.

$15.00 monthly

$330

2.99% p.a.

3.03% p.a.

$0.00

$330

3.84% p.a.

3.87% p.a.

$0.00

$330

3.44% p.a.

3.47% p.a.

$0.00

$330

2.99% p.a.

3.01% p.a.

$0.00

$330

3.59% p.a.

3.62% p.a.

$0.00

$330

2.99% p.a.

3.22% p.a.

$15.00 monthly

$330

3.44% p.a.

3.66% p.a.

$15.00 monthly

$330

2.99% p.a.

3.22% p.a.

$15.00 monthly

$330

3.59% p.a.

3.81% p.a.

$15.00 monthly

$330

3.84% p.a.

4.06% p.a.

$15.00 monthly

$330

Line of Credit

If you already own a property, why not use the equity you’ve built up to fund your spending goals? With a line of credit home loan from Aussie, you can do just that on loans from $100,000 with an LVR of up to 90%. You'll be able to access your funds through a completely free redraw facility, although a minimum redraw of $100 does apply. Keep in mind that you’ll have both a monthly service and upfront fee to contend with on the Aussie line of credit home loan.

Product Rate Comparison Rate Service fee Upfront fee

3.69% p.a.

n/a

$15.00 monthly

$330

3.59% p.a.

n/a

$15.00 monthly

$330

4.09% p.a.

n/a

$15.00 monthly

$330

3.99% p.a.

n/a

$15.00 monthly

$330

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.

Aussie home loan features in a glance

Repayment Icon

Extra repayments feature

Want to pay off your home loan quicker and save on interest? One of the most popular ways to do it is by making extra repayments, which is super easy with your Aussie home loan - although remember that with the fixed rate option, these repayments are capped at 5%.

Free icon

Redraw facility

If you go a bit overboard with your extra repayments and find yourself needing some of those funds back, make use of the free redraw facility available on variable rate Aussie home loans.

Award icon

Easy access

You can access details about your Aussie home loan and make repayments in a range of ways, including over the Internet, Phone, BPAY, ATM, or EFTPOS. Plus, direct debit or direct salary crediting options make staying on top of repayments a breeze.

Award icon

A wide range of options

Investor? Owner-occupier? Big deposit or small, interest only or principal and interest - whatever kind of home loan you’ve got in mind, Aussie has an option to suit.

How are Aussie home loans rated?

Mozo users have rated Aussie home loans 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
Aussie home loans
Overall
7.0/10
Price
Features
Customer service
Convenience
Trust

164 Reviews

Recent Aussie home loan reviews

Aussie Home Loan review
Overall 1/10
Don't go with Aussie home loans, its that simple!

I have been with Aussie home loans for over 5 years. First four years I was on a fixed rate for 4.59%, four years later my broker told that I am paying way more than average and asked me to fix for 3.96 with a break fix fee of over $3000 within 3 months interest rate went down significantly and average now is under 3%. A few weeks ago I went to my mortgage broker and told them this is not fair and I am getting better rates from other lender and they are also offering me $4000 cash bonus. He told me don’t go with another lender I will negotiate a fair break cost and re-fix you for 2.21%. A week later I did not hear anything so called my broker and asked, he said my break fix cost is $4089 and I agreed to that cost, and he told me he would send over the paper work on next business day. I didn’t hear for few days then I called them again and they said I would have to contact Aussie home loans customer support to fix the rate, they already negotiated everything and I just got to agree to cost. When I called the customer support they told me they will have to calculate the cost again and I can except a call with 24 - 48 hrs. After 3 days I did not get any call. I called them up on the fourth day and they told me its only $2858, I said I agree to the break cost again and break my fixed term contact but they said they wont be able to do it until midday and I can expect a call in the afternoon, until 3PM I did not get any call so I called them up and now they are telling it is $12,809. Did my break fix cost go up by $10,000 in two days? They had no answer and advised their manager will call, at around 4:30 PM the manager called and said there were errors in the calculation and my break fix cost is $12,809 and offered me a $100 gift voucher for their mistake. Mistakes three times with calculation, and I agreed three times!! and $100 is a compensation? I lost over $15,000 and Aussie home loans does not have any ethics and I would not recommended anyone to go with them. I am exploring legal options to dispute this matter. Make sure to record your conversations every time you speak to them.

Read full review

I have been with Aussie home loans for over 5 years. First four years I was on a fixed rate for 4.59%, four years later my broker told that I am paying way more than average and asked me to fix for 3.96 with a break fix fee of over $3000 within 3 months interest rate went down significantly and average now is under 3%. A few weeks ago I went to my mortgage broker and told them this is not fair and I am getting better rates from other lender and they are also offering me $4000 cash bonus. He told me don’t go with another lender I will negotiate a fair break cost and re-fix you for 2.21%. A week later I did not hear anything so called my broker and asked, he said my break fix cost is $4089 and I agreed to that cost, and he told me he would send over the paper work on next business day. I didn’t hear for few days then I called them again and they said I would have to contact Aussie home loans customer support to fix the rate, they already negotiated everything and I just got to agree to cost. When I called the customer support they told me they will have to calculate the cost again and I can except a call with 24 - 48 hrs. After 3 days I did not get any call. I called them up on the fourth day and they told me its only $2858, I said I agree to the break cost again and break my fixed term contact but they said they wont be able to do it until midday and I can expect a call in the afternoon, until 3PM I did not get any call so I called them up and now they are telling it is $12,809. Did my break fix cost go up by $10,000 in two days? They had no answer and advised their manager will call, at around 4:30 PM the manager called and said there were errors in the calculation and my break fix cost is $12,809 and offered me a $100 gift voucher for their mistake. Mistakes three times with calculation, and I agreed three times!! and $100 is a compensation? I lost over $15,000 and Aussie home loans does not have any ethics and I would not recommended anyone to go with them. I am exploring legal options to dispute this matter. Make sure to record your conversations every time you speak to them.

Price
1/10
Features
1/10
Customer service
3/10
Convenience
5/10
Trust
1/10
Less
Salman, New South Wales reviewed about 2 months ago
Aussie Select Basic Variable review
Overall 1/10
Aussie Home Loans disaster.

We approached an Aussie Home Loans office to achieve our goal of being home owners with our first home. We provided the basic documents, like payslips, bank statements, etc to the broker as requested. He suggested our bank (which I won't mention) with a "competitive variable & fixed rate." We also have a conveyancer who we appointed. Well, weeks went past while the broker requested one by one further documentation, like a letter from one of our employers plus other documents. Several requests to extend the cooling-off period were honoured while at the same time was driving us, the conveyancer and the real estate mad. So many promises and excuses were made by the broker, but very little was happening while he told us the banks were being very particular. Time and time again, no progress was made while further extensions to the cooling-off period were requested and honoured and driving all of us mad. This went on for about four weeks. After numerous enquiries and communication between us, the broker, our conveyancer and the real estate, all we heard from the broker were further promises and excuses, but no answers. At the last minute, the broker expected us to do the impossible; lowering our credit card limit and sorting out the finances. Very sadly, late this week, after four and a bit weeks, the loan was declined. Our broker failed miserably. So much time was wasted for this result. Now, we have lost, not only our holding deposit, but also any further chances of an approved home loan application with our bank, our home which we really liked and were preparing to move into, any hope of ever achieving our goal of home ownership and my faith in the home loan industry. Thanks so much for destroying our chances and our goal. Now we are very likely to never become home owners. I would never recommend Aussie Home Loans to anyone. Better stay away from them and find someone better.

Read full review

We approached an Aussie Home Loans office to achieve our goal of being home owners with our first home. We provided the basic documents, like payslips, bank statements, etc to the broker as requested. He suggested our bank (which I won't mention) with a "competitive variable & fixed rate." We also have a conveyancer who we appointed. Well, weeks went past while the broker requested one by one further documentation, like a letter from one of our employers plus other documents. Several requests to extend the cooling-off period were honoured while at the same time was driving us, the conveyancer and the real estate mad. So many promises and excuses were made by the broker, but very little was happening while he told us the banks were being very particular. Time and time again, no progress was made while further extensions to the cooling-off period were requested and honoured and driving all of us mad. This went on for about four weeks. After numerous enquiries and communication between us, the broker, our conveyancer and the real estate, all we heard from the broker were further promises and excuses, but no answers. At the last minute, the broker expected us to do the impossible; lowering our credit card limit and sorting out the finances. Very sadly, late this week, after four and a bit weeks, the loan was declined. Our broker failed miserably. So much time was wasted for this result. Now, we have lost, not only our holding deposit, but also any further chances of an approved home loan application with our bank, our home which we really liked and were preparing to move into, any hope of ever achieving our goal of home ownership and my faith in the home loan industry. Thanks so much for destroying our chances and our goal. Now we are very likely to never become home owners. I would never recommend Aussie Home Loans to anyone. Better stay away from them and find someone better.

Customer service
1/10
Trust
1/10
Less
C, New South Wales reviewed about 2 months ago
Aussie Select Standard Variable review
Overall 6/10
Easy to get a home loan via Aussie but higher rate

It is relatively easy for a young person like me to get a home loan via Aussie however, the interest rate is a lot higher than it's competitors. Overall, I can easily track my repayments via the Commbank app which is a plus.

Read full review

It is relatively easy for a young person like me to get a home loan via Aussie however, the interest rate is a lot higher than it's competitors. Overall, I can easily track my repayments via the Commbank app which is a plus.

Price
3/10
Features
1/10
Customer service
4/10
Convenience
10/10
Trust
4/10
Less
Lily, New South Wales reviewed 4 months ago
Aussie Select Basic Variable review
Overall 0/10
Deplorable service.

Requested Aussie Home Loan Brokerage service all to NO avail after having reached out to their Sales Support person on three occasions and was promised a follow up. The Launceston Office was of NO value and as a result have looked elsewhere with above and beyond expected results.

Read full review

Requested Aussie Home Loan Brokerage service all to NO avail after having reached out to their Sales Support person on three occasions and was promised a follow up. The Launceston Office was of NO value and as a result have looked elsewhere with above and beyond expected results.

Customer service
0/10
Trust
0/10
Less
Apollo, Tasmania reviewed 7 months ago
Aussie Select Basic Variable review
Overall 10/10
Very professional.

Aussie has been fabulous to deal with both pre and post buying a home. I highly recommend them!

Read full review

Aussie has been fabulous to deal with both pre and post buying a home. I highly recommend them!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Natasha, Queensland reviewed 7 months ago

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

Ready to get started and buy your own home with a loan from Aussie? To apply, you’ll need to either call or go online and book an appointment to speak to one of Aussie’s home loan specialists. Here’s a quick checklist of what info you’ll need when you apply:

  • I.D., like a driver’s licence or passport
  • Details of your income - including what your salary is and recent payslips
  • Your savings - how much do you have to put toward your home loan already?
  • Financial commitments - debts, loans, or credit cards you’re already paying, with proof of regular payments.

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