Aussie Select Standard Variable

3.69% p.a.

3.91% p.a.

$15.00 monthly

3.69% p.a.

3.91% p.a.

$15.00 monthly

3.99% p.a.

4.20% p.a.

$15.00 monthly

4.14% p.a.

4.35% p.a.

$15.00 monthly

4.09% p.a.

4.30% p.a.

$15.00 monthly

4.19% p.a.

4.40% p.a.

$15.00 monthly

4.29% p.a.

4.50% p.a.

$15.00 monthly

4.64% p.a.

4.85% p.a.

$15.00 monthly

4.74% p.a.

4.95% p.a.

$15.00 monthly

Aussie Select Standard Variable Review

Review published: 6 April 2018

What's hot:

  • Rates from 3.69% (3.70% 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 3.69% (3.70% 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.

How are Aussie home loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.0

Based on 52
Aussie home loans reviews

7.4 6.6 6.9 6.7 6.8

Read Aussie home loan reviews by the Mozo community

Latest reviews of Aussie Select Standard Variable

Aussie

Aussie Select Standard Variable (LVR<80%, Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

Very good rates

Very good to work with

Full review

Very good to work with

    Price   9 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Kathy (QLD), reviewed about 2 years ago

Aussie

Aussie Select Standard Variable (LVR<80%, Owner Occupier, Principal & Interest) home loan review

Overall rating   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 informed when needed and they are the first to lower their rates in line with the Reserve Bank.

Full review

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

Less

Lisa (QLD), reviewed about 2 years ago

Aussie

Aussie Select Standard Variable (LVR<80%, Owner Occupier, Principal & Interest) home loan review

Overall rating   5 / 10

Happy with product

Happy with product

Full review

Happy with product

    Price   5 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Anna (VIC), reviewed over 2 years ago

Aussie

Aussie Select Standard Variable (LVR<80%, Owner Occupier, Principal & Interest) home loan review

Overall rating   8 / 10

This is good

Looks good.

Full review

Looks good.

    Price   8 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Sharon (NSW), reviewed almost 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Currently showing

Rates

  • 3.69% p.a.

  • n/a

  • 0 Months

  • none

  • 3.91% 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

Rates

  • 3.69% p.a.

  • n/a

  • 0 Months

  • none

  • 3.91% 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

Rates

  • 3.99% p.a.

  • n/a

  • 0 Months

  • none

  • 4.20% 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

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

  • none

  • 80.00%

Features

  • Owner Occupier

  • Interest Only

  • Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $100.00

  • yes

  • no

  • none

  • none

Rates

  • 4.09% p.a.

  • n/a

  • 0 Months

  • none

  • 4.30% 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

Rates

  • 4.19% p.a.

  • n/a

  • 0 Months

  • none

  • 4.40% 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

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

  • 80.00%

  • 90.00%

Features

  • Investor

  • Principal & Interest

  • Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $100.00

  • yes

  • no

  • none

  • none

Rates

  • 4.64% p.a.

  • n/a

  • 0 Months

  • none

  • 4.85% 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

Rates

  • 4.74% p.a.

  • n/a

  • 0 Months

  • none

  • 4.95% 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

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.

*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.

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