6.5 / 10

based on 428 Aussie 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 21 April, 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

3.49% p.a.

3.52% p.a.

$0.00

$330

2.99% p.a.

3.01% p.a.

$0.00

$330

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
6.9/10
Price
Features
Customer service
Convenience
Trust

174 Reviews

Recent Aussie home loan reviews

Aussie Home Loan review
Overall 1/10
Their service absolutely broke me.

Terrible customer service. Let down after let down. Worst experience I've ever had with any company over the phone, absolutely useless.

Read full review

Terrible customer service. Let down after let down. Worst experience I've ever had with any company over the phone, absolutely useless.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Chris, Victoria, reviewed 12 days ago
Aussie Home Loan review
Overall 1/10
Worst ever customer service.

Broker took 3 months to do a simple refinance. Complaint resolving is so poor and biased to their own staff.

Read full review

Broker took 3 months to do a simple refinance. Complaint resolving is so poor and biased to their own staff.

Price
1/10
Features
1/10
Customer service
1/10
Trust
1/10
Less
Sam, Victoria, reviewed 12 days ago
Aussie Home Loan review
Overall 1/10
Please don’t make the same mistake we did.

Please don’t make the same mistake we did. Unfortunately we called Aussie Homeloans and I spoke with a very nice seeming broker, everything I said seemed like no problem. That’s what he said from the start, looks good and not a problem. He said all our documents looked great! He seemed very confident at every step of the way. When our application was held up for weeks because Aussie Homeloans was updating their software he assured me it was all fine. Weeks passed and I became more and more nervous, every time I got in touch I was assured things were being expedited, they were advancing, they were in the final stages. The day before our finance needed to be unconditional I received a text message to say it had been declined. I asked what did we do now? Could I get more money? Could I pay off my car? The broker said there was nothing we could do, Aussie Homeloans had decided they didn’t believe we could service a loan, any loan. I tried to speak to someone at the lenders office and they simply connected me back to the broker where no questions were answered. No one cared. With 24 hours left I contacted a proper mortgage broker and he went over everything with me, explained where we went wrong and I can’t believe we wasted so much time with Aussie. We are in the incredible position of privilege that my mum and dad have been able to buy our house while we work with a broker to secure our finance for down the track. Please don’t put your own future at risk, take heed and see a professional. After I contacted the conveyancer to tell them they said it’s unfortunately a common problem with Aussie and the agent had far more colourful things to say about them. Live and learn!

Read full review

Please don’t make the same mistake we did. Unfortunately we called Aussie Homeloans and I spoke with a very nice seeming broker, everything I said seemed like no problem. That’s what he said from the start, looks good and not a problem. He said all our documents looked great! He seemed very confident at every step of the way. When our application was held up for weeks because Aussie Homeloans was updating their software he assured me it was all fine. Weeks passed and I became more and more nervous, every time I got in touch I was assured things were being expedited, they were advancing, they were in the final stages. The day before our finance needed to be unconditional I received a text message to say it had been declined. I asked what did we do now? Could I get more money? Could I pay off my car? The broker said there was nothing we could do, Aussie Homeloans had decided they didn’t believe we could service a loan, any loan. I tried to speak to someone at the lenders office and they simply connected me back to the broker where no questions were answered. No one cared. With 24 hours left I contacted a proper mortgage broker and he went over everything with me, explained where we went wrong and I can’t believe we wasted so much time with Aussie. We are in the incredible position of privilege that my mum and dad have been able to buy our house while we work with a broker to secure our finance for down the track. Please don’t put your own future at risk, take heed and see a professional. After I contacted the conveyancer to tell them they said it’s unfortunately a common problem with Aussie and the agent had far more colourful things to say about them. Live and learn!

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Ali, Victoria, reviewed 15 days ago
Aussie Select Basic Variable review
Overall 1/10
Poor customer service over charging

Only interested in you when you start out if you want to reduce you loans the fees come thick and fast. Dont reply to complaints and have poor customer service when they have your loan in place.

Read full review

Only interested in you when you start out if you want to reduce you loans the fees come thick and fast. Dont reply to complaints and have poor customer service when they have your loan in place.

Price
1/10
Features
4/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Brett, Tasmania, reviewed 30 days ago
Aussie Home Loan review
Overall 10/10
Very Reliable Agent Ravneet Dhiman

My Finalcial Management Ravneet Dhiman.he is very good Agent.he always give us guide from 6 months until settlement.I am so happy for happy.very reliable person.

Read full review

My Finalcial Management Ravneet Dhiman.he is very good Agent.he always give us guide from 6 months until settlement.I am so happy for happy.very reliable person.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Hossain, Australian Capital Territory, reviewed about 1 month 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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