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 60%
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 interest only loan between $100,000 and $5,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 70%
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 90%
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 investor 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 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 70%
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 investor taking out a interest only loan between $100,000 and $5,000,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 60% | $100,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 60%-80% | $100,000 | $5,000,000 |
| | Owner Occupier | Interest Only | < 80% | $100,000 | $5,000,000 |
| | Investor | Principal & Interest | < 70% | $100,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $100,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 90%-95% | $100,000 | $5,000,000 |
| | Investor | Principal & Interest | 70%-80% | $100,000 | $5,000,000 |
| | Investor | Principal & Interest | 80%-90% | $100,000 | $5,000,000 |
| | Investor | Interest Only | < 70% | $100,000 | $5,000,000 |
| | Investor | Interest Only | 70%-80% | $100,000 | $5,000,000 |
| | Investor | Interest Only | 80%-90% | $100,000 | $5,000,000 |
Owner Occupier (Principal & Interest)
LVR < 60%
Loan: $100,000 $5,000,000
Owner Occupier (Principal & Interest)
LVR 60%-80%
Loan: $100,000 $5,000,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $100,000 $5,000,000
Investor (Principal & Interest)
LVR < 70%
Loan: $100,000 $5,000,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $100,000 $5,000,000
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $100,000 $5,000,000
Investor (Principal & Interest)
LVR 70%-80%
Loan: $100,000 $5,000,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $100,000 $5,000,000
Investor (Interest Only)
LVR < 70%
Loan: $100,000 $5,000,000
Investor (Interest Only)
LVR 70%-80%
Loan: $100,000 $5,000,000
Investor (Interest Only)
LVR 80%-90%
Loan: $100,000 $5,000,000
It may be in the name, but the Aussie Select Basic Variable home loan is far from basic. With competitive low variable rates starting from just 2.29% (2.31% comparison rate*), no ongoing service fee to worry about and handy features like a redraw facility, a split account and the ability to make free extra repayments, this is a home loan that could prove a good fit for any homebuyer. In fact, it's even won a 2021 Mozo Experts Choice Award for best Split Home Loan.
Aussie are well known for their mantra “we’ll save you”, and when it comes to the Select Basic Variable home loan that slogan holds up. Both owner occupiers and investors will be able to borrow amounts between $100,000 and $5,000,000 with the loan, with interest rates for owner occupiers starting at 2.29% (2.31% comparison rate*) and 2.59% (2.61% comparison rate*) for investors.
Eligible owner occupiers will also be able to borrow with a deposit as low as 5% (although Lenders Mortgage Insurance may be required for deposits under 20%), and all borrowers will be able to split their loan up to four times if they’re wanting to fix a portion of it.
While the loan doesn’t come with an offset account, that doesn’t mean borrowers won’t be able to save via other handy features like the extra repayments facility. Speaking of which, borrowers who end up making additional repayments towards their loan and need to dip back into them (for whatever reason) will be able to do so thanks to the redraw facility. Just bear in mind that there’s a minimum redraw amount of $100.
The last thing you’re probably itching to know about is fees. The good news is that Aussie doesn't charge an ongoing service fee, however, borrowers will need to budget for a $330 legal fee upfront, as well as the $535 discharge fee which comes into play once the loan is paid off in full.
The Aussie Select Basic Variable home loan is a budget-friendly option for first time buyers and investors alike, complete with all the hallmarks of a basic loan (competitive rates and a low number of fees) combined with handy extra features like extra repayments, redraws and the split loan option.
While the lack of any ongoing service fees will help borrowers keep their costs down over the life of the loan, the legal and discharge fees may prove unwelcome expenses.
| 2.29% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.33% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| none | |
| 60.00% |
| Owner Occupier | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 2.39% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.41% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| 60.00% | |
| 80.00% |
| Owner Occupier | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 2.99% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.03% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| none | |
| 80.00% |
| Owner Occupier | |
| Interest Only | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 2.59% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.01% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| none | |
| 70.00% |
| Investor | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 2.79% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.83% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| 80.00% | |
| 90.00% |
| Owner Occupier | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 3.19% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.22% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| 90.00% | |
| 95.00% |
| Owner Occupier | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 2.59% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 2.63% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| 70.00% | |
| 80.00% |
| Investor | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 3.29% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.32% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| 80.00% | |
| 90.00% |
| Investor | |
| Principal & Interest | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 2.99% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.03% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| none | |
| 70.00% |
| Investor | |
| Interest Only | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 2.99% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.03% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| 70.00% | |
| 80.00% |
| Investor | |
| Interest Only | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
| 3.39% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| 3.42% p.a. | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a | |
| n/a |
| $0.00 | |
| $330.00 | |
| $0.00 | |
| $0.00 | |
| n/a | |
| $0.00 | |
| $535.00 |
| $100,000 | |
| $5,000,000 | |
| 80.00% | |
| 90.00% |
| Investor | |
| Interest Only | |
| Fortnightly, Monthly | |
| yes - free | |
| no | |
| yes - free | |
| $100.00 | |
| yes | |
| no | |
| none | |
| none | |
| 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.
All wrong!
Read full reviewI had the worst experience with An Aussie broker they needed two extensions and then came back saying you can’t service these loans. I had already spoken with a different firm and my refinance for current property and new loan for investment were all unconditionally approved within 10 days. Unfortunately the house I was buying fell through due to having to get extensions for Aussie so I am back to looking again but with finance approved. I ended up with better interest rates and far superior service. My complaints to Aussie regarding the broker fell on deaf ears they don’t like complaints. My advice is to stay away it was very obvious the broker I was dealing with has very little understanding and if you are a government working and salary sacrifice then you will be battling with people who don’t understand how this works or how reimbursement works. Just don’t go there do your due diligence because that was my mistake I didn’t when I got involved with them.
Read full reviewI had the worst experience with An Aussie broker they needed two extensions and then came back saying you can’t service these loans. I had already spoken with a different firm and my refinance for current property and new loan for investment were all unconditionally approved within 10 days. Unfortunately the house I was buying fell through due to having to get extensions for Aussie so I am back to looking again but with finance approved. I ended up with better interest rates and far superior service. My complaints to Aussie regarding the broker fell on deaf ears they don’t like complaints. My advice is to stay away it was very obvious the broker I was dealing with has very little understanding and if you are a government working and salary sacrifice then you will be battling with people who don’t understand how this works or how reimbursement works. Just don’t go there do your due diligence because that was my mistake I didn’t when I got involved with them.
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 reviewOnly 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.
I have been very fortunate to have Charlie Azzi from Aussie as my mortgage broker for over 5 years. I have found him to be very sincere, diligent, caring and professional every step of the journey. He has researched and renegotiated several home loans for me and managed to secure spectacular results on my behalf. He is extremely thorough in everything he does. His calm nature is reassuring and gives me peace of mind. I will benefit from his dedication for decades to come.
Read full reviewI have been very fortunate to have Charlie Azzi from Aussie as my mortgage broker for over 5 years. I have found him to be very sincere, diligent, caring and professional every step of the journey. He has researched and renegotiated several home loans for me and managed to secure spectacular results on my behalf. He is extremely thorough in everything he does. His calm nature is reassuring and gives me peace of mind. I will benefit from his dedication for decades to come.
Ease of use and friendly staff at the office.
Read full reviewEase of use and friendly staff at the office.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
Bank of Queensland
Fixed Rate
2.19% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a. variable
2.21% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.09% p.a.
fixed 3 years
3.58% p.a.
Bank of Queensland
Fixed Rate
2.19% p.a.
fixed 3 years
3.03% p.a.
loans.com.au
Smart Booster Home Loan
1.85% p.a.variable for 24 months and then 2.25% p.a.
2.21% 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.
