8.0 / 10

based on 257 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. Speaking of good things, Auswide Bank also took out a 2019 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 small can make a big difference.

What home loans do Auswide Bank offer?

Rates and fees verified as correct at 31 October, 2020. 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? Check out Auswide Bank’s fixed rate home loan offer for amounts up to $3,500,000 and LVRs up to 95%. This loan comes with an application, settlement and monthly service fees, but in return, you get the full gamut of flexible features, including the use of an offset account, the opportunity to take a repayment holiday, use of a redraw facility (but remember a minimum does apply), plus the option to make unlimited additional repayments at no extra cost. But if you’re nearing the end of your home loan term be careful when making extra repayments, as you may incur a penalty for repaying the entire amount before the fixed term is up.

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

4.89% p.a.

5.73% p.a.

$10.00 monthly

$600

4.59% p.a.

5.50% p.a.

$10.00 monthly

$600

Variable Rate Home Loans

Opt for the variable home loan option from Auswide Bank, and you’ll get all the great benefits and features of the fixed rate alternative, including the use of an offset account and free redraw facility, along with added flexibility. You’ll pay a monthly service fee in addition to the application and settlement fees, but unlike the fixed rate version of this loan, there’s no danger of being hit with an early break fee when you make use of the unlimited, fee free extra repayments. Plus, you can tailor your repayment schedule by choosing to make monthly, fortnightly or weekly payments. The variable rate home loan is available for borrowers with an LVR of up to 95%, for amounts up to $3,500,000.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments ‡

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

3.19% p.a.

3.22% p.a.

$0.00

$300

2.99% p.a.

3.02% 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 Auswide Bank products while securing a great rate on your home loan? The Auswide Freedom Package is just what you need. The fixed rate version is available for amounts starting at $250,000, for up to 95% of the property’s value. Along with all the great features of the Auswide Bank fixed rate home loan, like unlimited free extra repayments, the use of an offset account and free redraw facility, you’ll also be able to 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 everyday account, Platinum MasterCard and debit card, plus enjoy high rates on an Auswide term deposit.

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

2.29% p.a.

3.65% p.a.

$395.00 yearly

$0

2.44% p.a.

3.69% 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

2.79% p.a.

4.61% p.a.

$395.00 yearly

$0

2.59% p.a.

4.19% 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 and waived annual fees on the Auswide Platinum MasterCard, debit card and everyday transaction accounts. All the flexible features still apply, so you’ll have the full use of an offset account, fee free extra repayments and 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 if you’re an investor, or 80% for owner occupiers.

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

2.79% p.a.

3.21% 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

3.44% p.a.

3.85% p.a.

$395.00 yearly

$0

3.24% p.a.

3.66% 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 90% of the value of your property, up to $3,500,000, but you’ll have to contend with an application, settlement and monthly service fee 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

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.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Auswide Bank home loan features in a glance

Image of coins

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 annual fees on your Home Loan Plus, mortgage offset account, everyday account, Platinum credit card and debit card. Not to mention a boost to your Auswide term deposit interest rates.

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.

Repayment 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.

Image of coins

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.

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
7.7/10
Price
Features
Customer service
Convenience
Trust

65 Reviews

Recent Auswide Bank home loan reviews

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 5 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 8 months 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 about 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 over 1 year ago
Auswide Bank Fixed Home Loan review
Overall 10/10
Very friendly staff who are always willing to help

We have been with this bank since they first started as Mackay Permanent and now as a bank. They have always been able to help us out especially with the interest rates.

Read full review

We have been with this bank since they first started as Mackay Permanent and now as a bank. They have always been able to help us out especially with the interest rates.

Price
10/10
Less
Michelle, Queensland reviewed over 3 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:

  • Full name, address and contact details for every applicant
  • Employment and income details
  • 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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