Aussie Select Basic (Fixed)

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

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $100,000 and $5,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan between $100,000 and $5,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $100,000 $5,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $100,000 $5,000,000

3.84% p.a.

4.07% p.a.

$0.00

Aussie Select Basic (Fixed)

3.84% p.a.

4.07% p.a.

$0.00

3.99% p.a.

4.44% p.a.

$0.00

Aussie Select Basic (Fixed)

3.99% p.a.

4.44% p.a.

$0.00

3.08% p.a.

3.44% p.a.

$0.00

Aussie Select Basic (Fixed)

3.08% p.a.

3.44% p.a.

$0.00

3.08% p.a.

3.66% p.a.

$0.00

Aussie Select Basic (Fixed)

3.08% p.a.

3.66% p.a.

$0.00

3.94% p.a.

3.99% p.a.

$0.00

Aussie Select Basic (Fixed)

3.94% p.a.

3.99% p.a.

$0.00

Mozo Review   Aussie Select Basic (Fixed) Review

Last updated: 12 August 2019.

What's hot:
  • 2019 Mozo Experts Choice winner

  • 3.84% fixed three year rate for investors (4.07% comparison rate*)

  • Free extra repayments, up to 5% annually

What's not:
  • No redraw facility or offset account

  • $535 discharge fee

Mozo snapshot:

Many people prefer to keep things simple, especially their financial products. And if that sounds like you, then you might want to know about the Aussie Select Basic Home Loan. With a fixed three year rate of 3.84% (4.07% comparison rate*) for investors and 3.08% (3.66% comparison rate*) for owner occupiers, you’ll have the security in always knowing your repayment amount over that period, plus with no application or service fees, you'll be able to keep some cash in your pocket as well!

Plus the Aussie Select Basic Fixed loan took home a 2019 Mozo Experts Choice Award in the Investor Fixed Home Loan category - so it's got our seal of approval.


Key features:

Looking for a loan that’s all about simplicity? Meet the Aussie Select Basic Home Loan. Let's break down the need-to-knows:

Investors

It's hard to look past this loan if you're buying an investment property. Not only did it take out a Mozo Experts Choice Award in the Investor Fixed Home Loan category, but investors can snag great rates in interest only and principal and interest loans.

 - Interest only - 3.99% rate (4.44% comparison rate*) for a three year term. Loans are available for up to $5 million, with LVRs up to 80%.

 - Principal and interest -  3.84% rate (4.07% comparison rate*) for a three year term. Loans are available for up to $5 million, with LVRs up to 90%. Not too shabby!

Owner-occupiers (P&I)

Owner occupiers aren't left in the lurch either. 

 - Principal and interest - 3.08% fixed rate (3.66% comparison rate*) for a three year term, for loans up to $5 million with a maximum LVR of 95%.

 - Interest only - 3.94% fixed rate (3.99% comparison rate*) for a three year term, for loans up to $5 million with a maximum LVR of 80%.

Features & fees

Whether you're an investor or buying a home to live in, there’s some great flexible features with this one.

First of all, you can choose to make your repayments on a fortnightly or monthly basis. You'll also be able to make free extra repayments, up to 5% annually. But keep in mind that there is no redraw facility with this loan, so if you do choose to make extra repayments, you won’t be able to redraw the money. There is also no offset account attached to the Aussie Select Basic Home Loan.

There are no application or service fees on the Aussie Select Fixed Basic Home Loan, but there are discharge and legal fees to budget for.

Who it's good for:

The Aussie Select Basic Home Loan is a good choice for any Aussies looking to fix their loan for a short time and who aren’t too fussed with having a bunch of extra loan features. Considering this one is a Mozo Experts Choice Award winner in the Investor Fixed Home Loan category, we think investors in particular should take notice.

Any catches?

Although you are able to make extra repayments to your loan, you will not be able to redraw any of these funds. And once you pay off your loan, you will need to factor in the $535 discharge fee as a final cost.

Details

Rates and fees information correct as at 18 September 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.89% (4.15%*)

  • 3.84% (4.12%*)

  • 3.84% (4.07%*)

  • 4.14% (4.17%*)

  • 4.14% (4.17%*)

  • n/a

  • n/a

  • 4.14% p.a.

Fees
  • $0.00

  • $330.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $535.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 90.00%

Features
  • Fortnightly, Monthly

  • yes - free up to 5% annually

  • no

  • no

  • $0.00

  • no

  • no

  • Variable revert rate may vary depending on loan amount and LVR.

  • 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 18 September 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 4.04% (4.57%*)

  • 3.99% (4.51%*)

  • 3.99% (4.44%*)

  • 4.34% (4.54%*)

  • 4.34% (4.52%*)

  • n/a

  • n/a

  • 4.59% p.a.

Fees
  • $0.00

  • $330.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $535.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 80.00%

Features
  • Fortnightly, Monthly

  • yes - free up to 5% annually

  • no

  • no

  • $0.00

  • no

  • no

  • Variable revert rate may vary depending on loan amount and LVR.

  • 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 18 September 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.69% (3.59%*)

  • 3.08% (3.49%*)

  • 3.08% (3.44%*)

  • 3.99% (3.72%*)

  • 3.99% (3.76%*)

  • n/a

  • n/a

  • 3.54% p.a.

Fees
  • $0.00

  • $330.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $535.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 80.00%

Features
  • Fortnightly, Monthly

  • yes - free up to 5% annually

  • no

  • no

  • $0.00

  • no

  • no

  • none

  • Variable revert rate may vary depending on loan amount and LVR.

*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 18 September 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.69% (3.86%*)

  • 3.08% (3.74%*)

  • 3.08% (3.66%*)

  • 3.99% (3.92%*)

  • 3.99% (3.93%*)

  • n/a

  • n/a

  • 3.84% p.a.

Fees
  • $0.00

  • $330.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $535.00

Other financial bits
  • $100,000

  • $5,000,000

  • 80.00%

  • 95.00%

Features
  • Fortnightly, Monthly

  • yes - free up to 5% annually

  • no

  • no

  • $0.00

  • no

  • no

  • none

  • Variable revert rate may vary depending on loan amount and LVR.

*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 18 September 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 3.94% (4.02%*)

  • 3.94% (4.01%*)

  • 3.94% (3.99%*)

  • 4.09% (4.06%*)

  • 4.09% (4.06%*)

  • n/a

  • n/a

  • 3.99% p.a.

Fees
  • $0.00

  • $330.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $535.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 80.00%

Features
  • Fortnightly, Monthly

  • yes - free up to 5% annually

  • no

  • no

  • $0.00

  • no

  • no

  • none

  • Variable revert rate may vary depending on loan amount and LVR.

*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 Aussie home loans rated by the Mozo community?

Overall customer rating
7.1/10
Price
7.2/10
Features
6.6/10
Customer service
7.2/10
Convenience
6.9/10
Trust
7.0/10

Latest reviews of Aussie Select Basic (Fixed)

  • Overall
    0/10
    Worst customer service I have experienced

    Deceitful , untrustworthy !

    Deceitful , untrustworthy !

    Price
    4/10
    Features
    2/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10

    Gary | New South Wales

    reviewed about 4 years ago

  • Overall
    0/10
    Terrible bank

    We went to Aussie to refinance and we did get cheaper with Aussie! The guy we dealt with was...

    We went to Aussie to refinance and we did get cheaper with Aussie! The guy we dealt with was awesome, easy to deal with. The headquarters on the other hand have stuffed us around so much, not willing to help us and honestly seem to be scared to go out their way to help, I honestly wish we didn't go to Aussie!

    Price
    5/10
    Features
    5/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10

    Kirstie | Victoria

    reviewed over 4 years ago

  • Overall
    10/10
    Yea

    Awesome

    Awesome

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    -1/10

    Jam | Queensland

    reviewed over 4 years ago

Aussie

About Aussie

Aussie Home Loans has been giving the big banks a run for their money for over 20 years. "Aussie John" Symond founded Aussie Home Loans in 1992 to shake up the home loans market, attracting hundreds of thousands of customers around Australia. Aussie Home Loans has since expanded into a national mortgage broking service as well as Aussie-branded credit cards, car loans, personal loans and insurance to give consumers a banking alternative. Aussie's Low Rate credit cards continue to challenge the value consumers receive with new benefits that provide value where consumers need it most - low purchase rates and low fees.

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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.