5.4 / 10

based on 99 firstmac reviews as rated by Mozo community

firstmac home loans

Australian owned with 40 years of experience providing home and investment loans, firstmac is a trusted alternative to the big banks. The non-bank lender is among Australia’s biggest, having issued 130,000 home loans over the years and currently managing more than $12 billion in mortgages. It’s also a premier sponsor of the Brisbane Broncos, so pull on your jersey and check out the home loan options from firstmac.

What home loans do firstmac offer?

Rates and fees verified as correct at 21 April, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

3.09% p.a.

3.07% p.a.

$0.00

$720

3.03% p.a.

3.16% p.a.

$0.00

$720

2.19% p.a.

2.88% p.a.

$0.00

$720

3.19% p.a.

3.25% p.a.

$0.00

$720

2.94% p.a.

3.22% p.a.

$0.00

$720

3.23% p.a.

3.36% p.a.

$0.00

$720

Variable Rate Home Loans

Take out a variable home loan with firstmac and you might be able to borrow up to 90% of a property’s value, so long as it doesn’t exceed $1 million. You’ll also have a number of great features at your disposal, including unlimited fee free extra repayments, a free redraw facility, and access to 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

2.89% p.a.

2.92% p.a.

$0.00

$720

2.19% p.a.variable for 2 months and then 2.59% p.a.

2.64% p.a.

$0.00

$720

2.99% p.a.

3.02% p.a.

$0.00

$720

2.79% p.a.

2.82% 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

3.09% p.a.

3.12% p.a.

$0.00

$720

2.89% p.a.

2.95% 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

3.19% p.a.

3.22% p.a.

$0.00

$720

2.99% p.a.

3.02% p.a.

$0.00

$720

3.19% p.a.

3.22% p.a.

$0.00

$720

2.94% p.a.

3.00% p.a.

$0.00

$720

3.29% p.a.

3.32% p.a.

$0.00

$720

3.09% p.a.

3.15% p.a.

$0.00

$720

firstmac home loan features in a glance

Free icon

Free 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 icon

Offset account

Choose a variable rate option from firstmac and you’ll have the use of an offset account to help keep interest costs low. You’ll also get a Visa debit card so you can access your funds via ATM, EFTPOS, and even online when making purchases. Just keep in mind that the offset account is not considered a separate deposit account but a sub-account of your loan, so any funds will not be protected by the Financial Claims Scheme.

Free icon

No 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?

Mozo users have rated firstmac 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
firstmac home loans
Overall
5.4/10
Price
Features
Customer service
Convenience
Trust

98 Reviews

Recent firstmac home loan reviews

firstmac Broker Special Basic 80 Variable Home Loan review
Overall 10/10
Good experience, highly recommend

It was a fast, easy and friendly experience.

Read full review

It was a fast, easy and friendly experience.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Zoe, Victoria, reviewed about 1 month ago
firstmac Home Loan review
Overall 10/10
Great service and competitive prices

We have had a really good experience with FirstMac - they have been really easy to deal with and supported us through through the whole process! Highly recommend.

Read full review

We have had a really good experience with FirstMac - they have been really easy to deal with and supported us through through the whole process! Highly recommend.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Emma, New South Wales, reviewed 2 months ago
firstmac Broker Special Basic 80 Variable Home Loan review
Overall 7/10
Refinanced & had lower interest through Firstmac

Got my broker to assist with the process. Fairly easy to use the online system. Had a few delays about the settlement dates which could have been caused by my previous provider. In general, I am happy with the current interest rate. Contacted customer service twice and had no issues with them.

Read full review

Got my broker to assist with the process. Fairly easy to use the online system. Had a few delays about the settlement dates which could have been caused by my previous provider. In general, I am happy with the current interest rate. Contacted customer service twice and had no issues with them.

Price
8/10
Customer service
7/10
Convenience
7/10
Trust
6/10
Less
Vicky, New South Wales, reviewed 2 months ago
firstmac Home Loan review
Overall 10/10
Interest only home loan.

Firstmac held my hand throughout the whole process leaving me with a stress free and easy to navigate home loan. Thank you Firstmac.

Read full review

Firstmac held my hand throughout the whole process leaving me with a stress free and easy to navigate home loan. Thank you Firstmac.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Baden, Victoria, reviewed 3 months ago
firstmac Home Loan (Variable) review
Overall 10/10
Awesome rate, products and customer service

Firstmac not only provided a much lower interest rate, but since changing over to them they have been a dream to work with. Secure, user-friendly internet banking and mobile app. Superb customer service on the very few times I have had to ring them. Great rate, excellent products and wonderful customer service. Great to be able to acknowledge a wonderfully positive product.

Read full review

Firstmac not only provided a much lower interest rate, but since changing over to them they have been a dream to work with. Secure, user-friendly internet banking and mobile app. Superb customer service on the very few times I have had to ring them. Great rate, excellent products and wonderful customer service. Great to be able to acknowledge a wonderfully positive product.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Dan, New South Wales, reviewed 5 months ago

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)

Home loan quick links