The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $499,999 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 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%
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 | $499,999 |
| | Owner Occupier | Principal & Interest | 80%-90% | $100,000 | $5,000,000 |
| | Owner Occupier | Principal & Interest | 90%-95% | $100,000 | $5,000,000 |
| | Owner Occupier | Interest Only | < 80% | $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 $499,999
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
Owner Occupier (Interest Only)
LVR < 80%
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
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 2.55% (2.57% 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!
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 2.55% (2.57% comparison rate*) and 2.99% (3.01% 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.
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.
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.
2.55% p.a.
n/a
n/a
n/a
2.57% 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
$499,999
none
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.
3.14% p.a.
n/a
n/a
n/a
3.18% 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.
3.44% p.a.
n/a
n/a
n/a
3.47% 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.
3.34% p.a.
n/a
n/a
n/a
3.37% 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.
2.99% 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.
2.99% 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
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.
3.44% p.a.
n/a
n/a
n/a
3.47% 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.
3.59% p.a.
n/a
n/a
n/a
3.62% 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%
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.
3.84% p.a.
n/a
n/a
n/a
3.87% 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.
Ease of use and friendly staff at the office.
Read full reviewEase of use and friendly staff at the office.
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 reviewWe 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.
Requested Aussie Home Loan Brokerage service all to NO avail after having reached out to their Sales Support person on three occasions and was promised a follow up. The Launceston Office was of NO value and as a result have looked elsewhere with above and beyond expected results.
Read full reviewRequested Aussie Home Loan Brokerage service all to NO avail after having reached out to their Sales Support person on three occasions and was promised a follow up. The Launceston Office was of NO value and as a result have looked elsewhere with above and beyond expected results.
Aussie has been fabulous to deal with both pre and post buying a home. I highly recommend them!
Read full reviewAussie has been fabulous to deal with both pre and post buying a home. I highly recommend them!
Aussie, made it easy and efficient. They like to update website, maybe too often. Leave the website alone :) If it works, just leave it.
Read full reviewAussie, made it easy and efficient. They like to update website, maybe too often. Leave the website alone :) If it works, just leave it.
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.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Bank of Queensland
Economy
2.59% p.a.
2.76% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Yard
Variable Home Loan Special
2.09% p.a.
2.12% 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.
