8.0 / 10

based on 258 Auswide Bank reviews as rated by Mozo community

Auswide Bank home loans

Auswide Bank is proof that good things come in small packages. They’ve been around for over 50 years, and in that time, have carved out a niche for themselves as a homegrown, down-to-earth alternative to the big banks, offering a range of financial products including home loans. Speaking of good things, Auswide Bank also took out a 2020 Mozo Experts Choice Award for best Packaged Home Loan. 

Check out the details about Auswide Bank home loans below and see for yourself why going with a smaller lender like them can make a big difference.

What home loans do Auswide Bank offer?

Rates and fees verified as correct at 06 May, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Want the security of knowing your interest rate is locked in for a set time, without having to compromise on flexibility? Then you may find the best of both worlds with Auswide Bank’s fixed rate home loan offer. This loan is available for amounts up to $3.5 million and loan-to-value ratios (LVRs) up to 95%, so it can cater for a whole range of borrowers including those with a smaller deposit or those looking to purchase a more expensive home. 

While this loan does come with an application and monthly service fees, in return, you'll get the full gamut of flexible features! This includes access to an offset account, the opportunity to take a repayment holiday if you're ahead on repayments, plus the option to make unlimited additional repayments and redraws at no extra cost. Just beware that as with most fixed loans, if you do pay off your entire mortgage before the fixed period ends, you may be charged break costs. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

3.39% p.a.

4.74% p.a.

$10.00 monthly

$600

2.79% p.a.

4.43% p.a.

$10.00 monthly

$600

3.39% p.a.

4.58% p.a.

$10.00 monthly

$600

4.39% p.a.

5.60% p.a.

$10.00 monthly

$600

4.09% p.a.

5.36% p.a.

$10.00 monthly

$600

Variable Rate Home Loans

There are a range of variable home loan options available with Auswide Bank, and depending on which one you go with, you will see some differences in interest rates, fees and features. Opt for the basic offer and you'll have access to a lower interest rate and fewer fees but there's no offset account available with the loan. Meanwhile the standard offer comes with a 100% mortgage offset, but you'll need to factor in higher rates and more fees. Both loans are available for amounts up to $3.5 million, with the basic option accepting LVRs up to 90% and the standard option accepting slightly higher LVRs up to 95%. 

With both the basic and standard loans, you'll get the many great benefits and features of the fixed rate alternative, including fee-free repayments and a free redraw facility. But unlike the fixed rate version, there’s no danger of being hit with an early break fee if you pay off your loan sooner. You also can tailor your repayment schedule by choosing to make monthly, fortnightly or weekly payments. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

2.39% p.a.

2.42% p.a.

$0.00

$300

2.74% p.a.

2.77% p.a.

$0.00

$300

5.01% p.a.

5.17% p.a.

$10.00 monthly

$600

4.79% p.a.

4.95% p.a.

$10.00 monthly

$600

2.79% p.a.

2.82% p.a.

$0.00

$300

3.14% p.a.

3.17% p.a.

$0.00

$300

2.59% p.a.

2.62% p.a.

$0.00

$300

2.94% p.a.

2.97% p.a.

$0.00

$300

5.84% p.a.

6.00% p.a.

$10.00 monthly

$600

5.62% p.a.

5.78% p.a.

$10.00 monthly

$600

Fixed Package Home Loan

Want to save on your other Auswide Bank products while securing a great rate on your home loan? The Auswide Freedom Package is just what you need. The Freedom Package is available for amounts starting from $100k, for up to 95% of the property’s value if you go with the Fixed Home Loan option and 90% if you go with the Special Discount Home Loan Plus option. While the Fixed Home Loan package offers rates across 1-5 year terms, the Special Discount package is only available for shorter terms (1-3 years) although it offers slightly more competitive rates.

Along with all the great features of the Auswide Bank fixed rate home loan, like unlimited free extra repayments, a free redraw facility and the use of an offset account, the Freedom Package allows you cash in on discounted insurance from Auswide, including cover for your home and car. But it doesn’t stop there! You can also forget about annual fees on your Auswide credit card and establishment fees on any Auswide personal loans

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

3.29% p.a.

4.27% p.a.

$395.00 yearly

$0

2.69% p.a.

3.75% p.a.

$395.00 yearly

$0

3.29% p.a.

4.01% p.a.

$395.00 yearly

$0

2.09% p.a.

3.60% p.a.

$395.00 yearly

$0

2.49% p.a.

3.70% p.a.

$395.00 yearly

$0

3.79% p.a.

4.87% p.a.

$395.00 yearly

$0

3.49% p.a.

4.42% p.a.

$395.00 yearly

$0

2.49% p.a.

4.53% p.a.

$395.00 yearly

$0

2.29% p.a.

4.11% p.a.

$395.00 yearly

$0

2.89% p.a.

4.63% p.a.

$395.00 yearly

$0

2.69% p.a.

4.21% p.a.

$395.00 yearly

$0

Variable Package Home Loan

Want all the Auswide Freedom Package benefits with the added flexibility of variable rates? You got it! The variable rate version of Auswide’s home loan package is much the same as its fixed rate counterpart, including discounts on home and car insurance as well as fee waivers for any Auswide credit cards and personal loans that you have. All the flexible features still apply, so you’ll have the full use of an offset account, fee free extra repayments and a free redraw facility. If you opt for the Special Discount Freedom Package option, you’ll snag some killer interest rates, although you’ll only be able to borrow up to 90% of the property’s value.

To top things off, Auswide Bank's Home Loan Plus (Freedom Package) was even recognised in our 2020 Mozo Experts Choice Awards for best Packaged Home Loan. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

4.08% p.a.

4.48% p.a.

$395.00 yearly

$0

3.56% p.a.

3.97% p.a.

$395.00 yearly

$0

3.71% p.a.

4.12% p.a.

$395.00 yearly

$0

2.69% p.a.

3.11% p.a.

$395.00 yearly

$0

2.99% p.a.

3.40% p.a.

$395.00 yearly

$0

4.73% p.a.

5.11% p.a.

$395.00 yearly

$0

4.21% p.a.

4.61% p.a.

$395.00 yearly

$0

2.99% p.a.

3.42% p.a.

$395.00 yearly

$0

2.89% p.a.

3.32% p.a.

$395.00 yearly

$0

3.29% p.a.

3.71% p.a.

$395.00 yearly

$0

3.19% p.a.

3.61% p.a.

$395.00 yearly

$0

Line of Credit

Got a renovation in the works? Or maybe you’re eyeing off an investment property? Whatever your next spending goal, you can make it a reality with a line of credit mortgage from Auswide Bank. You can get your hands on up to 80% of the value of your property, up to $3,500,000, but you’ll have to contend with application and monthly service fees for the privilege. There are plenty of convenient ways to access these funds, including at the ATM with your Auswide debit card and via online banking.

Product Rate Comparison Rate Service fee Upfront fee

5.51% p.a.

n/a

$10.00 monthly

$600

6.03% p.a.

n/a

$10.00 monthly

$600

Auswide Bank home loan features in a glance

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Package discounts

Opt for the Auswide Freedom Package and you can cash in on discounts for your home, contents and car insurance, plus wave goodbye to ongoing service fees on your mortgage offset account, everyday account, Platinum credit card and debit card. Not to mention you'll have establishment fees waived for any personal loans that you apply for with Auswide. 

Repayment Icon

Unlimited extra repayments

All Auswide Bank home loans - even the fixed rate options - allow you to make unlimited additional repayments at no extra cost. But if you choose a fixed rate option and pay off your entire mortgage early, you may incur a break cost fee.

Schedule icon

Flexible repayment schedule

Match your repayment schedule to when you get paid by choosing from weekly, fortnightly or monthly repayments on your Auswide Bank home loan.

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100% offset account

Keep your home loan costs low by making use of the full offset account available with any Auswide Bank home loan offer, except the line of credit mortgage.

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Accepts smaller deposits

Nearly all of Auswide's home loans (except for the line of credit) allow customers to borrow up to 90% or 95% of the property value, which means that if you've saved up less than the standard 20% deposit, you'll still be able to qualify for a loan. Just bear in mind that if your deposit is below 20%, you may have to budget for an additional cost known as Lenders Mortgage Insurance

How are Auswide Bank home loans rated?

Mozo users have rated Auswide Bank home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Auswide Bank home loans
Overall
7.6/10
Price
Features
Customer service
Convenience
Trust

66 Reviews

Recent Auswide Bank home loan reviews

Auswide Bank Home Loan review
Overall 1/10
Never use this bank for first your home loan

Never apply for a home loan with this bank. They wasted our time and took weeks to get back to us. We met every criteria to get our first home loan and they kept making up excuse after excuse, even after doing the things we were told we needed to. They left everything till last minute TWICE and lost us TWO houses that we had put offers on, and spent money getting building inspections done. Customer service was terrible and the assessor was very rude. Went with another bank and got our home loan straight away.

Read full review

Never apply for a home loan with this bank. They wasted our time and took weeks to get back to us. We met every criteria to get our first home loan and they kept making up excuse after excuse, even after doing the things we were told we needed to. They left everything till last minute TWICE and lost us TWO houses that we had put offers on, and spent money getting building inspections done. Customer service was terrible and the assessor was very rude. Went with another bank and got our home loan straight away.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Brooke, Victoria, reviewed 4 months ago
Auswide Bank Home Loan review
Overall 7/10
Brilliant service!

Initially their interest rates were awesome - I’m part fixed, part variable. At the moment their interest seems to be higher than others but I think it’s just me who needs to follow up with a phone call. Their service is brilliant and I like that my business is with one of that smaller banks.

Read full review

Initially their interest rates were awesome - I’m part fixed, part variable. At the moment their interest seems to be higher than others but I think it’s just me who needs to follow up with a phone call. Their service is brilliant and I like that my business is with one of that smaller banks.

Price
7/10
Features
7/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Katie, Queensland, reviewed 11 months ago
Auswide Bank Home Loan review
Overall 6/10
We want out.

Disappointed in some ways and in other ways they helped.

Read full review

Disappointed in some ways and in other ways they helped.

Price
7/10
Features
2/10
Customer service
10/10
Convenience
7/10
Trust
4/10
Less
Deb, Queensland, reviewed about 1 year ago
Auswide Bank Home Loan review
Overall 8/10
Recommend

This is a great product and the service is excellent.

Read full review

This is a great product and the service is excellent.

Price
8/10
Features
7/10
Customer service
9/10
Convenience
8/10
Trust
9/10
Less
Tracy, New South Wales, reviewed over 1 year ago
Auswide Bank Fixed Home Loan review
Overall 0/10
No customer service

Very high interests rates and they also removed a lot of payment methods which makes it very difficult to pay on time increasing the chance of you getting charged with late fees.

Read full review

Very high interests rates and they also removed a lot of payment methods which makes it very difficult to pay on time increasing the chance of you getting charged with late fees.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
0/10
Less
Melinda, Victoria, reviewed about 2 years ago

What do you need to apply for a Auswide Bank home loan?

If you’re ready to go ahead and sign on the dotted line for an Auswide Bank home loan, here’s a checklist of what information you’ll need to have with you:

  • Identification documents such as a driver's licence, passport or birth certificate 
  • Employment and income details, including proof in the form of recent payslips 
  • Details about assets, including cars, property, savings and shares
  • Details about existing debts, including credit cards or personal loans
  • Information on the property you will be buying
  • You’ll also need to consent to a credit check.

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