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 22 May, 2019. Other information correct at the time of writing.
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 ‡ |
|---|---|---|---|---|---|
| 4.93% p.a. | 4.99% p.a. | $0.00 | $720 | ||
| 4.63% p.a. | 4.69% p.a. | $0.00 | $720 | ||
| 5.13% p.a. | 5.19% p.a. | $0.00 | $720 | ||
| 4.83% p.a. | 4.89% p.a. | $0.00 | $720 | ||
| 4.83% p.a. | 4.89% p.a. | $0.00 | $720 | ||
| 4.53% p.a. | 4.59% p.a. | $0.00 | $720 | ||
| 4.33% p.a. | 4.39% p.a. | $0.00 | $720 | ||
| 3.98% p.a. | 4.04% p.a. | $0.00 | $720 | ||
| 4.93% p.a. | 4.99% p.a. | $0.00 | $720 | ||
| 4.63% p.a. | 4.69% p.a. | $0.00 | $720 | ||
| 4.43% p.a. | 4.49% p.a. | $0.00 | $720 | ||
| 3.98% p.a. | 4.04% p.a. | $0.00 | $720 |
Opt for a fixed package home loan from firstmac, and you can borrow amounts starting from $250,000, up to 90% of the property’s price. To help pay off your mortgage quicker, you’ll also have the ability to make fee free extra repayments, up to the value of $10,000 p.a. You can also choose to split your home loan between fixed and variable rates. But keep in mind that there are legal, valuation and settlement fees to consider.
| Product | Fixed 3 year rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.49% p.a. | 4.87% p.a. | $0.00 | $720 | ||
| 4.34% p.a. | 4.61% p.a. | $0.00 | $720 | ||
| 4.29% p.a. | 4.45% p.a. | $0.00 | $720 | ||
| 4.14% p.a. | 4.15% p.a. | $0.00 | $720 | ||
| 3.63% p.a. | 4.02% p.a. | $0.00 | $720 | ||
| 4.34% p.a. | 4.68% p.a. | $0.00 | $720 | ||
| 4.14% p.a. | 4.15% p.a. | $0.00 | $720 |
For added flexibility, check out a firstmac variable rate package home loan. Borrow up to 90% of the property’s value, starting from $250,00 and don’t forget that you can pay off the loan quicker by making unlimited fee free extra repayments. You’ll also have the use of a free redraw facility and offset account. Don’t forget to budget for the legal, valuation and settlement fees attached to this offer.
| Product | Rate | Comparison Rate* | Service fee | Upfront fee | Monthly repayments ‡ |
|---|---|---|---|---|---|
| 4.93% p.a. | 4.99% p.a. | $0.00 | $720 | ||
| 4.63% p.a. | 4.69% p.a. | $0.00 | $720 | ||
| 4.43% p.a. | 4.49% p.a. | $0.00 | $720 | ||
| 4.08% p.a. | 4.14% p.a. | $0.00 | $720 | ||
| 5.03% p.a. | 5.09% p.a. | $0.00 | $720 | ||
| 4.73% p.a. | 4.79% p.a. | $0.00 | $720 | ||
| 4.53% p.a. | 4.59% p.a. | $0.00 | $720 | ||
| 4.08% p.a. | 4.14% 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.
| 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. |
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.
Easy payments. Great re draw option.
Easy payments. Great re draw option.
Sharon, South Australia, reviewed about 3 years ago
Good interest rates to start, raises them regularly though
Good interest rates to start, raises them regularly though
Brian, New South Wales, reviewed about 3 years ago
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.
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.
Samantha, Queensland, reviewed over 3 years ago
Because I'm forced to pay a higher rate, as I'm a stay at home mum and supposedly at risk of default.
Because I'm forced to pay a higher rate, as I'm a stay at home mum and supposedly at risk of default.
Nancy, Tasmania, reviewed over 3 years ago
Their customer service is prompt.
Their customer service is prompt.
Jason, Queensland, reviewed over 4 years ago
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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:
