6.6 / 10

based on 421 reviews as rated by Mozo community

Aussie home loans

Aussie was founded in 1992, and now has over 900 brokers and 200 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 26 January, 2021. 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. As for fees, you can expect to pay a legal fee upfront and a discharge fee once you exit the loan. So make sure you take advantage of the extra repayment feature - which is free up to 5% p.a. on fixed rate loans. 

Home loan repayments calculator

years

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

2.14% p.a.

3.15% p.a.

$0.00

$330

3.49% p.a.

3.39% p.a.

$0.00

$330

2.14% p.a.

2.47% p.a.

$0.00

$330

2.84% p.a.

3.60% p.a.

$0.00

$330

2.79% p.a.

3.29% p.a.

$0.00

$330

Variable Rate Home Loans

There are heaps of variable rate home loans on offer from Aussie, so you’re sure to find something to fit your needs. Depending on the product you pick, you could apply for loan amounts up to $1 million (with the Activate Prime) or up to $5 million (with the Select Basic Variable). Aussie's variable rate home loans come with loan-to-value ratio (LVR) tiers ranging from 70% or 75% up to 95%, so it caters to a wide range of borrowers with bigger and smaller deposits. Generally speaking, the lower your LVR or the less portion of the property value you borrow, the better your variable rates would be with Aussie. Also bear in mind that if your LVR is above 80%, you may have to pay an additional cost called Lenders Mortgage Insurance.

With both the Activate Prime and Select Basic Variable, you'll need to factor in an upfront legal fee, but only the latter has  a discharge fee. You'll also have flexible options at your disposal. You can choose a repayment schedule to match your pay cycle and make use of a bunch of great money saving features, like fee-free extra repayments and a redraw facility (minimum redraw amounts apply).

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

3.44% p.a.

3.46% p.a.

$0.00

$330

3.19% p.a.

3.21% p.a.

$0.00

$330

3.79% p.a.

3.81% p.a.

$0.00

$330

4.04% p.a.

4.06% p.a.

$0.00

$330

4.34% p.a.

4.36% p.a.

$0.00

$330

2.59% p.a.

2.61% p.a.

$0.00

$330

2.89% p.a.

2.91% p.a.

$0.00

$330

2.89% p.a.

2.91% p.a.

$0.00

$330

2.89% p.a.

2.91% p.a.

$0.00

$330

2.45% p.a.

2.47% p.a.

$0.00

$330

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

3.44% p.a.

3.46% p.a.

$0.00

$330

3.79% p.a.

3.81% p.a.

$0.00

$330

4.04% p.a.

4.06% p.a.

$0.00

$330

4.34% p.a.

4.36% p.a.

$0.00

$330

3.19% p.a.

3.21% p.a.

$0.00

$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

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

Image of coins

Repayment flexibility 

Match your loan repayments with your pay cycle! Aussie's variable rate home loans offer borrowers the choice between weekly, fortnightly and monthly payments with the Activate Prime, or fortnightly and monthly payments with the Select Basic Variable. 

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. Just be mindful that minimum amounts apply per redraw. 

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

167 Reviews

Recent Aussie home loan reviews

Aussie Select Basic Variable review
Overall 5/10
Mid range interest rate.

Ease of use and friendly staff at the office.

Read full review

Ease of use and friendly staff at the office.

Price
5/10
Features
5/10
Customer service
5/10
Convenience
4/10
Trust
5/10
Less
Sean, Queensland, reviewed 6 days ago
Aussie Home Loan review
Overall 10/10
We love Aussie!

We’ve used an Aussie broker twice now. Aussie have been fantastic to us from start to finish when buying our first home last year and then subsequently refinancing for a new car. They’re competitive with interest rates and are always willing to work with us. So happy to be Aussie customers.

Read full review

We’ve used an Aussie broker twice now. Aussie have been fantastic to us from start to finish when buying our first home last year and then subsequently refinancing for a new car. They’re competitive with interest rates and are always willing to work with us. So happy to be Aussie customers.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Amanda, New South Wales, reviewed 11 days ago
Aussie Home Loan review
Overall 2/10
No interest rate cuts passed on. Dissapointing

They blow sunshine up you until you sign, then they dont pass on interest rate cuts. No after sales service from broker. Aussie will sweet talk you into signing up with them. Once you're signed up you'll find that you get no after sales service from your broker, simply referred to their call centers each time. They've passed on only one or two of the interest rate cuts over the last couple of years. I highly recommend avoiding this company and going with a different institution. When I asked for our interest rate to be brought into line with the other vendors (Around the average of 2.6%, down from 3.14%) the operator showed no care or compassion and basically told us to contact our broker to organise a refinance through another institution. Don't worry Aussie, we will refinance shortly.

Read full review

They blow sunshine up you until you sign, then they dont pass on interest rate cuts. No after sales service from broker. Aussie will sweet talk you into signing up with them. Once you're signed up you'll find that you get no after sales service from your broker, simply referred to their call centers each time. They've passed on only one or two of the interest rate cuts over the last couple of years. I highly recommend avoiding this company and going with a different institution. When I asked for our interest rate to be brought into line with the other vendors (Around the average of 2.6%, down from 3.14%) the operator showed no care or compassion and basically told us to contact our broker to organise a refinance through another institution. Don't worry Aussie, we will refinance shortly.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
5/10
Trust
1/10
Less
Luke, Tasmania, reviewed 19 days ago
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 5 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 5 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 mortgage brokers. Here’s a quick checklist of what info you’ll need when you apply:

  • Personal ID, like a driver’s licence, birth certificate, current passport or citizenship certificate 
  • Details of your income - including recent pay slips, bank statements and group certificates
  • Your savings - how much do you have to put toward your home loan already? You'll need to provide evidence of your savings history 
  • Financial commitments - debts, loans, or credit cards you’re already paying, with proof of regular payments
  • A summary of your usual household and living expenses. 

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