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firstmac home loans

firstmac
firstmac's overall rating for home loans

(as rated by the Mozo community)

5.4 / 10

based on 85 reviews

Australian owned with 35 years experience in home and investment loans, firstmac is a trusted alternative to the big banks. It’s also a premier sponsor of the Brisbane Broncos, so pull on your jersey and check out the home loan options from firstmac.

Rates and fees verified as correct at 18 November, 2019. Other information correct at the time of writing.

What home loans do firstmac offer?

Fixed Rate Home Loans Fixed Rate Home Loans

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

4.29% p.a.

4.30% p.a.

$0.00

$720

4.14% p.a.

4.04% p.a.

$0.00

$720

4.09% p.a.

3.96% p.a.

$0.00

$720

3.94% p.a.

3.66% p.a.

$0.00

$720

3.14% p.a.

3.45% p.a.

$0.00

$720

4.14% p.a.

4.12% p.a.

$0.00

$720

3.94% p.a.

3.66% p.a.

$0.00

$720


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Variable Rate Home Loans Variable Rate Home Loans

Take out a variable home loan with firstmac, and you can borrow up to 90% of the property’s value, as long as that isn’t more than $1 million. You’ll also have a bunch of great features at your disposal, including unlimited fee free extra repayments, a free redraw facility and the use of an offset account. Just don’t forget to budget for the upfront legal, valuation and settlement fees attached to this offer.

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

3.19% p.a.

3.25% p.a.

$0.00

$720

2.99% p.a.

3.05% p.a.

$0.00

$720

3.09% p.a.

3.15% p.a.

$0.00

$720

4.23% p.a.

4.29% p.a.

$0.00

$720

3.93% p.a.

3.99% p.a.

$0.00

$720

3.83% p.a.

3.89% p.a.

$0.00

$720

3.48% p.a.

3.54% p.a.

$0.00

$720

4.33% p.a.

4.39% p.a.

$0.00

$720

4.03% p.a.

4.09% p.a.

$0.00

$720

3.93% p.a.

3.99% p.a.

$0.00

$720

3.48% p.a.

3.54% p.a.

$0.00

$720

4.13% p.a.

4.19% p.a.

$0.00

$720

3.83% p.a.

3.89% p.a.

$0.00

$720

3.73% p.a.

3.79% p.a.

$0.00

$720

3.38% p.a.

3.44% p.a.

$0.00

$720

4.23% p.a.

4.29% p.a.

$0.00

$720

3.93% p.a.

3.99% p.a.

$0.00

$720

3.83% p.a.

3.89% p.a.

$0.00

$720

3.38% p.a.

3.44% p.a.

$0.00

$720


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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.

firstmac home loan features in a glance

Free extra repaymentsFree extra repayments

Pay off your mortgage faster with free extra repayments. Just remember that while these additional repayments are unlimited on variable rate options, they’re capped at $10,000 p.a. on the fixed rate package offer.

Offset accountOffset account

Choose a variable rate option from firstmac and you’ll have the use of an offset account to keep interest costs low.

No ongoing feesNo ongoing fees

No matter which firstmac home loan offer you choose, there are no ongoing fees to pay. But keep in mind you will have to budget for several upfront fees instead.

How are firstmac home loans rated?

So how do firstmac home loans stack up in terms of trust, customer service and convenience? There’s no better people to ask than the everyday Aussies who have borrowed from firstmac already. Check out what they have to say in our customer review section.

firstmac home loans

Overall 5.4

Price

Features

Customer service

Convenience

Trust

85 Reviews

Recent firstmac home loan reviews Recent firstmac home loan reviews

firstmac

firstmac Offset review

Overall rating   6 / 10

Good bank.

Good bank, easy to deal with, good rates. No branches or ATMs.

Full review

Good bank, easy to deal with, good rates. No branches or ATMs.

    Price   6 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   4 / 10

    Trust   7 / 10

Less

Brian, New South Wales, reviewed 11 days ago

firstmac

firstmac Offset review

Overall rating   8 / 10

All organised online, great service.

Fast and friendly through a broker.

Full review

Fast and friendly through a broker.

    Price   8 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Robyn, Queensland, reviewed 11 days ago

firstmac

firstmac Home Loan review

Overall rating   10 / 10

Competitive no hassle.

Easy payments. Great re draw option.

Full review

Easy payments. Great re draw option.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Sharon, South Australia, reviewed over 3 years ago

firstmac

firstmac Home Loan (VIP Package) review

Overall rating   5 / 10

Good starting interest rates

Good interest rates to start, raises them regularly though

Full review

Good interest rates to start, raises them regularly though

    Price   6 / 10

    Features   3 / 10

    Customer service   5 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Brian, New South Wales, reviewed over 3 years ago

firstmac

firstmac Home Loan review

Overall rating   8 / 10

Straight forward to deal with.

Firstmac don't really have high street branches so you can't have face to face discussions. Their rates are quite competitive and online facility excellent.

Full review

Firstmac don't really have high street branches so you can't have face to face discussions. Their rates are quite competitive and online facility excellent.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Samantha, Queensland, reviewed almost 4 years ago

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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.

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

You can apply for a home loan online via the firstmac website, or, you can arrange to have them call you back to set up an application. When you apply, make sure you have a few details on hand, including:

  • Employment details (including salary)
  • A list of any other income (such as investment dividends or rent)
  • Details of your assets (including savings, property, or shares)
  • Details of your liabilities (including other loans or credit cards)
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