firstmac home loans

firstmac
firstmac's overall rating for home loans

(as rated by the Mozo community)

5.4 / 10

based on 83 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 20 January, 2019. Other information correct at the time of writing.

What home loans do firstmac offer?

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 ‡

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

4.08% p.a.

4.14% p.a.

$0.00

$720

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Fixed Package Home Loan Fixed Package Home Loan

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.

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

4.79% p.a.

4.95% p.a.

$0.00

$720

4.64% p.a.

4.69% p.a.

$0.00

$720

4.19% p.a.

4.43% p.a.

$0.00

$720

4.19% p.a.

4.17% p.a.

$0.00

$720

4.64% p.a.

4.76% p.a.

$0.00

$720

4.19% p.a.

4.24% p.a.

$0.00

$720

Hide

Variable Package Home Loan Variable Package Home Loan

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.

Home loan repayments calculator
years
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

4.18% p.a.

4.24% p.a.

$0.00

$720

Hide

*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

83 Reviews

Recent firstmac home loan reviews Recent firstmac home loan reviews

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 almost 3 years ago

firstmac

firstmac Home Loan 80 (Owner Occupier, Principal & Interest) (VIP Package) home loan 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 almost 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 3 years ago

firstmac

firstmac Home Loan 80 (Owner Occupier, Principal & Interest) (Fixed, VIP Package) home loan review

Overall rating   8 / 10

Need to think of people not numbers

Because I'm forced to pay a higher rate, as I'm a stay at home mum and supposedly at risk of default.

Full review

Because I'm forced to pay a higher rate, as I'm a stay at home mum and supposedly at risk of default.

    Price   1 / 10

    Features   10 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Nancy, Tasmania, reviewed about 3 years ago

firstmac

firstmac home loan review

Overall rating   5 / 10

Prompt customer service

Their customer service is prompt.

Full review

Their customer service is prompt.

    Price   5 / 10

    Features   5 / 10

    Customer service   8 / 10

    Convenience   5 / 10

    Trust   5 / 10

Less

Jason, Queensland, reviewed almost 4 years ago

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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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