BIDeloan home loans

BIDeloan

A relative newcomer on the home loan scene, having started up in 2016,  BIDeloan provides an online marketplace where borrowers can access home loans at great wholesale interest rates.

With an approach based on redefining how we go about getting home loans, their marketplace is easy, convenient and 100% online.

Rates and fees verified as correct at 19 September, 2018. Other information correct at the time of writing.

What home loans do BIDeloan offer?

Fixed Rate Home Loans Fixed Rate Home Loans

A fixed rate loan with consistent monthly repayments can help you keep your budget in check. BIDeloan’s fixed rate home loans do more than just that, they allow you to borrow up to 80% of the value of your new home with a rate that is fixed for 3 years. Loans are available to both owner occupiers and investors and include access to a full range of features, from offset accounts to free extra repayments.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.84% p.a.

4.90% p.a.

$345.00 yearly

$1,499

4.64% p.a.

4.63% p.a.

$345.00 yearly

$1,499

4.54% p.a.

4.44% p.a.

$345.00 yearly

$1,499

4.34% p.a.

4.24% p.a.

$345.00 yearly

$1,499

4.34% p.a.

4.41% p.a.

$345.00 yearly

$1,499

4.24% p.a.

4.14% p.a.

$345.00 yearly

$1,499

4.04% p.a.

3.94% p.a.

$345.00 yearly

$1,499


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Variable Rate Home Loans Variable Rate Home Loans

BIDeloan’s variable rate loans are great for borrowers looking for flexibility and borrowing up to $1,500,000 with a maximum 80% LVR. These loans are also packed with features including free extra repayments and a redraw facility, plus a split rate option if you want to split between variable and fixed rates. And it doesn’t matter if you’re an investor or a owner occupier, BIDeloan have a variable rate loan option for you.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.34% p.a.

4.06% p.a.

$0.00

$1,499

4.14% p.a.

3.86% p.a.

$0.00

$1,499

4.04% p.a.

4.04% p.a.

$0.00

$1,499

3.84% p.a.

3.84% p.a.

$0.00

$1,499

3.84% p.a.

3.55% p.a.

$0.00

$1,499

3.74% p.a.

3.74% p.a.

$0.00

$1,499

3.54% p.a.

3.54% p.a.

$0.00

$1,499

4.24% p.a.

4.29% p.a.

$345.00 yearly

$1,499

4.04% p.a.

4.09% p.a.

$345.00 yearly

$1,499

3.94% p.a.

4.28% p.a.

$345.00 yearly

$1,499

3.74% p.a.

4.08% p.a.

$345.00 yearly

$1,499

3.74% p.a.

3.80% p.a.

$345.00 yearly

$1,499

3.64% p.a.

3.99% p.a.

$345.00 yearly

$1,499

3.44% p.a.

3.80% p.a.

$345.00 yearly

$1,499


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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.

‡ 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.

BIDeloan home loan features in a glance

Online loan marketplaceOnline loan marketplace

BIDeloan is an online marketplace, which allows you to access home loans at a low, wholesale price. This lets you avoid the middlemen most financial institutes come with, while getting access to a good crop of competitive loans. And being able to do this all online can make it easier, more convenient and less of a hassle to get funding for your new home.

Free extra repayments and redrawFree extra repayments and redraw

Extra repayments are a great way to pay off your loan faster, while saving on interest and with BIDeloan, you can do so without being hit with any extra fees. Also if you need to access that money again, you can do so for free through the redraw facility. Just keep in mind that a minimum redraw amount will apply if you do.

Split rate optionSplit rate option

Choosing whether you want a variable rate or a fixed rate can be a difficult decision. Well, there’s no need to fret when you can opt for a split rate, giving you both the certainty that comes with fixed rate repayments, and the flexibility of a variable rate loan on different portions of your mortgage.

Fees Fees 

BIDeloan’s home loans come with an upfront application fee, which covers legal and valuation costs. Depending on which loan you get, you may also have an annual fee to budget for.

Offset accountOffset account

Having an offset account attached to your home loan is a great way to cut down on your interest, while still having easy access to your money. And when it comes for free, like with BIDeloan’s home loan range, it’s even better.

What do you need to apply for a BIDeloan home loan? What do you need to apply for a BIDeloan home loan?

When you apply through Mozo (by clicking the blue 'go to site' buttons above), you’ll find a simple process is all that awaits you getting your BIDeloan:

First you need to fill out an online application which asks for some basic personal information and a couple questions about your desired loan.

After this, you’ll get a call from their lending manager, to help you get set up with your loan. This will include discussing specifics about your financial situation, your wants and your loan options.

At this point you will be sent the funding and you’ll be on your way.

During the process, you may need to provide:

  • Contact details including email address and phone number
  • Proof of your income - this can be in the form of payslips
  • Statements for any liabilities including credit cards or other existing loans
  • ID, for example, a copy of your driver's licence or passport


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