Aussie Select Standard 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 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 loan that suits you best

  • 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 (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

3.84% p.a.

4.06% p.a.

$15.00 monthly

Aussie Select Standard Variable

3.84% p.a.

4.06% p.a.

$15.00 monthly

3.84% p.a.

4.06% p.a.

$15.00 monthly

Aussie Select Standard Variable

3.84% p.a.

4.06% p.a.

$15.00 monthly

4.14% p.a.

4.35% p.a.

$15.00 monthly

Aussie Select Standard Variable

4.14% p.a.

4.35% p.a.

$15.00 monthly

4.29% p.a.

4.50% p.a.

$15.00 monthly

Aussie Select Standard Variable

4.29% p.a.

4.50% p.a.

$15.00 monthly

4.24% p.a.

4.45% p.a.

$15.00 monthly

Aussie Select Standard Variable

4.24% p.a.

4.45% p.a.

$15.00 monthly

4.34% p.a.

4.55% p.a.

$15.00 monthly

Aussie Select Standard Variable

4.34% p.a.

4.55% p.a.

$15.00 monthly

4.44% p.a.

4.65% p.a.

$15.00 monthly

Aussie Select Standard Variable

4.44% p.a.

4.65% p.a.

$15.00 monthly

4.79% p.a.

5.00% p.a.

$15.00 monthly

Aussie Select Standard Variable

4.79% p.a.

5.00% p.a.

$15.00 monthly

4.89% p.a.

5.09% p.a.

$15.00 monthly

Aussie Select Standard Variable

4.89% p.a.

5.09% p.a.

$15.00 monthly

Mozo Review   Aussie Select Standard Variable Review

Last updated: 3 October 2018.

What's hot:
  • Rates from 3.84% (4.06% comparison rate) for owner occupiers

  • Free extra repayments and redraw facility

  • No application fee

What's not:
  • $535 discharge fee

Mozo snapshot:

The Aussie Select Basic home loan comes with a bunch of different options depending on your LVR and whether you’re an owner occupier or investor. All of these options have pretty competitive interest rates, starting as low as 3.84% (4.06% comparison rate), for owner occupiers with an 80% LVR. Despite their differences, the loans all come with no application fee and no settlement fee, but do come with a $330 legal fee and $535 discharge fee, as well as a split rate option, loan amounts between $100,000 and $5,000,000 and free extra repayments and redraw.

Key features:

The Aussie Select Basic Home Loan has a number of different rate tiers depending on your specific home loan needs. These different options come with different interest rates depending on whether you're an investor or owner occupier and how much you've saved for a deposit. In general owner occupiers and those with a bigger deposit will have better rates available to them.

When it comes to fees, this loan doesn’t have too many; to start with you’ll avoid an application fee or valuation fee, but will need to pay a $330 legal fee. While there isn’t many upfront fees, keep in mind there is a $535 discharge fee to pay at the end of the loan period.

Making extra repayments is a great way to save on interest and it’s especially good when you can do it for no extra cost, which is what this loan offers. And if you need to access some of those extra funds again then you can redraw that money for free, as long as it's a minimum of $100.

Whether your looking for a studio apartment or a million dollar mansion, the $100,000 to $5,000,000 minimum and maximum loan amounts will mean you should be able to get financing for any home.

The Aussie Select Basic loan offers a split rate option, so you can have part of your loan on a variable rate and part on a fixed rate and you’ll also get to decide between fortnightly or monthly repayments.


Who it's good for:

The Aussie Select Basic is a solid home loan for owner occupiers and investors alike, who are interested in snagging a great interest rate without all the bells and whistles of a full feature home loan.

Any catches?

Some of the loan options available with the Aussie Select Basic allow for LVRs above 80%, which can be helpful if you’re struggling to save up a hefty deposit.  But keep in mind borrowing with a high LVR will mean paying lenders mortgage insurance, which could add thousands to your total home loan costs.

Details

Rates and fees information correct as at 17 October 2018.

Rates
  • 3.84% p.a.

  • n/a

  • 0 Months

  • none

  • 4.06% 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

  • $15.00 monthly

  • $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

*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 17 October 2018.

Rates
  • 3.84% p.a.

  • n/a

  • 0 Months

  • none

  • 4.06% 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

  • $15.00 monthly

  • $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

*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 17 October 2018.

Rates
  • 4.14% p.a.

  • n/a

  • 0 Months

  • none

  • 4.35% 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

  • $15.00 monthly

  • $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

*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 17 October 2018.

Rates
  • 4.29% p.a.

  • n/a

  • 0 Months

  • none

  • 4.50% 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

  • $15.00 monthly

  • $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

*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 17 October 2018.

Rates
  • 4.24% p.a.

  • n/a

  • 0 Months

  • none

  • 4.45% 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

  • $15.00 monthly

  • $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

*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 17 October 2018.

Rates
  • 4.34% p.a.

  • n/a

  • 0 Months

  • none

  • 4.55% 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

  • $15.00 monthly

  • $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

*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 17 October 2018.

Rates
  • 4.44% p.a.

  • n/a

  • 0 Months

  • none

  • 4.65% 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

  • $15.00 monthly

  • $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

*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 17 October 2018.

Rates
  • 4.79% p.a.

  • n/a

  • 0 Months

  • none

  • 5.00% 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

  • $15.00 monthly

  • $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

*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 17 October 2018.

Rates
  • 4.89% p.a.

  • n/a

  • 0 Months

  • none

  • 5.09% 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

  • $15.00 monthly

  • $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

*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 Standard Variable

  • Overall
    10/10
    Very good rates

    Very good to work with

    Very good to work with

    Price
    9/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Kathy | Queensland

    reviewed over 2 years ago

  • Overall
    10/10
    No fuss loans and service

    Aussie are a great option for home loans, they do not bombard you with advertising, they keep you...

    Aussie are a great option for home loans, they do not bombard you with advertising, they keep you informed when needed and they are the first to lower their rates in line with the Reserve Bank.

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

    Lisa | Queensland

    reviewed over 2 years ago

  • Overall
    5/10
    Happy with product

    Happy with product

    Happy with product

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

    Anna | Victoria

    reviewed almost 3 years ago

  • Overall
    8/10
    This is good

    Looks good.

    Looks good.

    Price
    8/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    9/10

    Sharon | New South Wales

    reviewed over 3 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.