Rates and fees verified as correct at 26 October, 2020. Other information correct at the time of writing. Advertiser disclosure.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 3.43% p.a. | 3.49% p.a. | $0.00 | $720 | ||
| 3.03% p.a. | 3.24% p.a. | $0.00 | $720 | ||
| 3.63% p.a. | 4.35% p.a. | $0.00 | $720 | ||
| 3.23% p.a. | 3.44% p.a. | $0.00 | $720 |
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.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 2.89% p.a. | 2.92% p.a. | $0.00 | $720 | ||
| 2.19% p.a. | 2.59% p.a. | $0.00 | $720 | ||
| 3.43% p.a. | 3.49% p.a. | $0.00 | $720 | ||
| 3.23% p.a. | 3.29% p.a. | $0.00 | $720 | ||
| 3.53% p.a. | 3.59% p.a. | $0.00 | $720 | ||
| 3.23% p.a. | 3.29% p.a. | $0.00 | $720 | ||
| 3.09% p.a. | 3.12% p.a. | $0.00 | $720 | ||
| 2.74% p.a. | 2.80% p.a. | $0.00 | $720 | ||
| 3.33% p.a. | 3.39% p.a. | $0.00 | $720 | ||
| 3.13% p.a. | 3.19% p.a. | $0.00 | $720 | ||
| 3.43% p.a. | 3.49% p.a. | $0.00 | $720 | ||
| 3.13% p.a. | 3.19% p.a. | $0.00 | $720 | ||
| 2.73% p.a. | 2.79% p.a. | $0.00 | $720 | ||
| 3.04% p.a. | 3.07% p.a. | $0.00 | $720 | ||
| 2.84% p.a. | 2.87% p.a. | $0.00 | $720 | ||
| 3.53% p.a. | 3.59% p.a. | $0.00 | $720 | ||
| 3.33% p.a. | 3.39% p.a. | $0.00 | $720 | ||
| 3.63% p.a. | 3.69% p.a. | $0.00 | $720 | ||
| 3.43% p.a. | 3.49% p.a. | $0.00 | $720 | ||
| 3.43% p.a. | 3.49% p.a. | $0.00 | $720 | ||
| 3.23% p.a. | 3.29% p.a. | $0.00 | $720 | ||
| 3.53% p.a. | 3.59% p.a. | $0.00 | $720 | ||
| 3.33% p.a. | 3.39% p.a. | $0.00 | $720 |
‡ 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.
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.
Choose a variable rate option from firstmac and you’ll have the use of an offset account to keep interest costs low.
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.
Mozo users have rated firstmac home loan on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
Customer service is very poor. Their rate and review performance is extremely poor. You will be misguided about the finance provider (Firstmac and loans.com.au). Even if you contacted loans.com.au, you will be redirected to Firstmac. After that, you will not be eligible for any future better offer by loans.com.au
Read full reviewCustomer service is very poor. Their rate and review performance is extremely poor. You will be misguided about the finance provider (Firstmac and loans.com.au). Even if you contacted loans.com.au, you will be redirected to Firstmac. After that, you will not be eligible for any future better offer by loans.com.au
When I moved my two loans to Firstmac back to in November 2019, I was told that both Firstmac and loans.com.au are same (in fact, I contacted loans.com.au first and then redirected to Firstmac - I have those email communications). Now, I was offered an interest rate of $1.99% by loans.com.au. When I informed Firstmac about this offer, I was told that I am not eligible for this rate since Firstmac and loans.com.au are different (completely opposite compared to what I was told in the last year). I am eligible to this rate only if I move my other loans (say, from NAB) to loans.com.au and, in that case, Firstmac will be the finance provider. However, my present two Firstmac home loans are not eligible to get the lower interest rate offered by loans.com.au.
Read full reviewWhen I moved my two loans to Firstmac back to in November 2019, I was told that both Firstmac and loans.com.au are same (in fact, I contacted loans.com.au first and then redirected to Firstmac - I have those email communications). Now, I was offered an interest rate of $1.99% by loans.com.au. When I informed Firstmac about this offer, I was told that I am not eligible for this rate since Firstmac and loans.com.au are different (completely opposite compared to what I was told in the last year). I am eligible to this rate only if I move my other loans (say, from NAB) to loans.com.au and, in that case, Firstmac will be the finance provider. However, my present two Firstmac home loans are not eligible to get the lower interest rate offered by loans.com.au.
They offered a decent enough intro though found quickly enough that the rest of their features and service is severely lacking. Internet banking a very very long way behind other banks. Asked for a review on our loan interest rate and it took them almost a week to get back to us. And don’t worry about visiting a branch.
Read full reviewThey offered a decent enough intro though found quickly enough that the rest of their features and service is severely lacking. Internet banking a very very long way behind other banks. Asked for a review on our loan interest rate and it took them almost a week to get back to us. And don’t worry about visiting a branch.
Firstmac, good bank for multiple mortgages. A bit expensive but good enough.
Read full reviewFirstmac, good bank for multiple mortgages. A bit expensive but good enough.
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:
