Aussie Select Basic Variable
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 90%
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 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 70%
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 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 | < 80% | $100,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $100,000 | $5,000,000 |
| | Owner Occupier | Interest Only | < 80% | $100,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 90%-95% | $100,000 | $5,000,000 |
| | Investor | Principal & Interest | < 70% | $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 | < 80% | $100,000 | $5,000,000 |
| | Investor | Interest Only | 80%-90% | $100,000 | $5,000,000 |
-
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $100,000 $5,000,000
-
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $100,000 $5,000,000
-
Owner Occupier (Interest Only)
LVR < 80%
Loan: $100,000 $5,000,000
-
Owner Occupier (Principal & Interest)
LVR 90%-95%
Loan: $100,000 $5,000,000
-
Investor (Principal & Interest)
LVR < 70%
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 < 80%
Loan: $100,000 $5,000,000
-
Investor (Interest Only)
LVR 80%-90%
Loan: $100,000 $5,000,000
Aussie Select Basic Variable
3.99% p.a.
4.02% p.a.
$0.00
Aussie Select Basic Variable
3.99% p.a.
4.02% p.a.
$0.00
3.99% p.a.
4.02% p.a.
$0.00
4.44% p.a.
4.47% p.a.
$0.00
Aussie Select Basic Variable
4.44% p.a.
4.47% p.a.
$0.00
4.44% p.a.
4.47% p.a.
$0.00
4.29% p.a.
4.32% p.a.
$0.00
Aussie Select Basic Variable
4.29% p.a.
4.32% p.a.
$0.00
4.29% p.a.
4.32% p.a.
$0.00
4.39% p.a.
4.42% p.a.
$0.00
Aussie Select Basic Variable
4.39% p.a.
4.42% p.a.
$0.00
4.39% p.a.
4.42% p.a.
$0.00
4.49% p.a.
4.52% p.a.
$0.00
Aussie Select Basic Variable
4.49% p.a.
4.52% p.a.
$0.00
4.49% p.a.
4.52% p.a.
$0.00
4.59% p.a.
4.62% p.a.
$0.00
Aussie Select Basic Variable
4.59% p.a.
4.62% p.a.
$0.00
4.59% p.a.
4.62% p.a.
$0.00
4.94% p.a.
4.97% p.a.
$0.00
Aussie Select Basic Variable
4.94% p.a.
4.97% p.a.
$0.00
4.94% p.a.
4.97% p.a.
$0.00
5.04% p.a.
5.07% p.a.
$0.00
Aussie Select Basic Variable
5.04% p.a.
5.07% p.a.
$0.00
5.04% p.a.
5.07% p.a.
$0.00
Mozo Review Aussie Select Basic Variable Review
Last updated: 5 March 2019.
What's hot:
3.99% interest rate (4.00% comparison rate*)
No ongoing service fees
Free extra repayments and redraw facility
Split account option
What's not:
$330 legal and $535 discharge fees
Mozo snapshot:
It may be in the name, but the Aussie Select Basic Variable home loan is far from basic. With competitive low rates starting from just 3.99% (4.00% comparison rate*), no ongoing service fees to worry about and handy features like a redraw facility and the ability to make free extra repayments, this is a home loan that could prove a great companion to any homeowner.
You’ll even have the option of splitting the Select Basic Variable loan so a portion of it is a fixed rate!
Key features:
Aussie are well known for their mantra “we’ll save you”, and when it comes to the Select Basic Variable home loan that slogan really 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 3.99% (4.00% comparison rate*) and 4.39% (4.42% comparison rate*) for investors.
Home buyers using the Select Basic Variable loan will also be able to borrow with a deposit as low as 5% (although this may require them to pay Lenders Mortgage Insurance), and they’ll even 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 Aussies won’t be able to save because they will have access to the free extra repayments facility. Speaking of which, borrowers who do end up making extra repayments and need to dip back into them (for whatever reason) will be able to do so thanks to the free 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. Well the good news there is that Aussie doesn’t charge any application, settlement or ongoing service fees with the Select Basic Variable loan. However, borrowers will need to budget for a $330 legal fee, as well as the $535 discharge fee which will need to be paid once the loan is paid off in full.
Who it's good for:
The Aussie Select Basic Variable home loan is a budget-friendly option for first time buyers and investors alike, with the competitive rates and low number of fees you’d expect of a basic loan combined with handy extra features like the extra repayments facility and split loan option.
Any catches?
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 budget hits.
Details
Rates and fees information correct as at 26 April 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
-
3.99% p.a.
-
n/a
-
0 Months
-
none
-
4.00% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$330.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$535.00
Other financial bits
-
$100,000
-
$5,000,000
-
none
-
80.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$100.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 26 April 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
-
3.99% p.a.
-
n/a
-
0 Months
-
none
-
4.02% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$330.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$535.00
Other financial bits
-
$100,000
-
$5,000,000
-
80.00%
-
90.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$100.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 26 April 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
-
4.44% p.a.
-
n/a
-
0 Months
-
none
-
4.47% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$330.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$535.00
Other financial bits
-
$100,000
-
$5,000,000
-
none
-
80.00%
Features
-
Owner Occupier
-
Interest Only
-
Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$100.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 26 April 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
-
4.29% p.a.
-
n/a
-
0 Months
-
none
-
4.32% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$330.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$535.00
Other financial bits
-
$100,000
-
$5,000,000
-
90.00%
-
95.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$100.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 26 April 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
-
4.39% p.a.
-
n/a
-
0 Months
-
none
-
4.42% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$330.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$535.00
Other financial bits
-
$100,000
-
$5,000,000
-
none
-
70.00%
Features
-
Investor
-
Principal & Interest
-
Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$100.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 26 April 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
-
4.49% p.a.
-
n/a
-
0 Months
-
none
-
4.52% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$330.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$535.00
Other financial bits
-
$100,000
-
$5,000,000
-
70.00%
-
80.00%
Features
-
Investor
-
Principal & Interest
-
Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$100.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 26 April 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
-
4.59% p.a.
-
n/a
-
0 Months
-
none
-
4.62% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$330.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$535.00
Other financial bits
-
$100,000
-
$5,000,000
-
80.00%
-
90.00%
Features
-
Investor
-
Principal & Interest
-
Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$100.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 26 April 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
-
4.94% p.a.
-
n/a
-
0 Months
-
none
-
4.97% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$330.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$535.00
Other financial bits
-
$100,000
-
$5,000,000
-
none
-
80.00%
Features
-
Investor
-
Interest Only
-
Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$100.00
-
yes
-
no
-
none
-
none
Details
Rates and fees information correct as at 26 April 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
-
5.04% p.a.
-
n/a
-
0 Months
-
none
-
5.07% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$0.00
-
$330.00
-
$0.00
-
$0.00
-
none
-
$0.00
-
$535.00
Other financial bits
-
$100,000
-
$5,000,000
-
80.00%
-
90.00%
Features
-
Investor
-
Interest Only
-
Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$100.00
-
yes
-
no
-
none
-
none
Customer Reviews
How are Aussie home loans rated by the Mozo community?
Latest reviews of Aussie Select Basic Variable
- Overall0/10
Bad customer service
Bad customer service.
Read full review
Bad customer service.
Price4/10Features4/10Customer service0/10Convenience0/10Trust0/10Less
Tom | Victoria
reviewed over 3 years ago
- Overall10/10
Excellent service, fantastic rates
Aussie was very helpful in explaining how we could save money on our mortgage and our investment...
Read full review
Aussie was very helpful in explaining how we could save money on our mortgage and our investment property and how we could separate the two of them so each property was free standing financially, excellent service. Fitted in with our schedule and easy to understand. Well done. We can feel safe in the knowledge that we made the right decision. Thank you Aussie.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Linda | Queensland
reviewed almost 4 years ago
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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