The details shown below are for an owner occupier taking out a principal & interest loan between $150,000 and $1,100,000 with an LVR below 95%
The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $1,750,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $1,750,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $1,750,000 with an LVR below 80%
The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $1,750,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,750,000 with an LVR below 70%
The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $1,100,000 with an LVR below 90%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,750,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,100,000 with an LVR below 90%
The details shown below are for an investor taking out a interest only loan between $50,000 and $1,750,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $50,000 and $1,750,000 with an LVR below 70%
The details shown below are for an investor taking out a interest only loan between $50,000 and $1,100,000 with an LVR below 90%
Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | 80%-95% | $150,000 | $1,100,000 |
| | Owner Occupier | Interest Only | < 70% | $50,000 | $1,750,000 |
| | Owner Occupier | Principal & Interest | < 70% | $50,000 | $1,750,000 |
| | Owner Occupier | Principal & Interest | 70%-80% | $50,000 | $1,750,000 |
| | Owner Occupier | Interest Only | 70%-80% | $50,000 | $1,750,000 |
| | Investor | Principal & Interest | < 70% | $50,000 | $1,750,000 |
| | Owner Occupier | Interest Only | 80%-90% | $50,000 | $1,100,000 |
| | Investor | Principal & Interest | 70%-80% | $50,000 | $1,750,000 |
| | Investor | Principal & Interest | 80%-90% | $50,000 | $1,100,000 |
| | Investor | Interest Only | 70%-80% | $50,000 | $1,750,000 |
| | Investor | Interest Only | < 70% | $50,000 | $1,750,000 |
| | Investor | Interest Only | 80%-90% | $50,000 | $1,100,000 |
Owner Occupier (Principal & Interest)
LVR 80%-95%
Loan: $150,000 $1,100,000
Owner Occupier (Interest Only)
LVR < 70%
Loan: $50,000 $1,750,000
Owner Occupier (Principal & Interest)
LVR < 70%
Loan: $50,000 $1,750,000
Owner Occupier (Principal & Interest)
LVR 70%-80%
Loan: $50,000 $1,750,000
Owner Occupier (Interest Only)
LVR 70%-80%
Loan: $50,000 $1,750,000
Investor (Principal & Interest)
LVR < 70%
Loan: $50,000 $1,750,000
Owner Occupier (Interest Only)
LVR 80%-90%
Loan: $50,000 $1,100,000
Investor (Principal & Interest)
LVR 70%-80%
Loan: $50,000 $1,750,000
Investor (Principal & Interest)
LVR 80%-90%
Loan: $50,000 $1,100,000
Investor (Interest Only)
LVR 70%-80%
Loan: $50,000 $1,750,000
Investor (Interest Only)
LVR < 70%
Loan: $50,000 $1,750,000
Investor (Interest Only)
LVR 80%-90%
Loan: $50,000 $1,100,000
If you prefer more certainty when it comes to repayments, the Freedom Lend Fixed Home Loan could be worth a look. No matter the size of your deposit, fixed terms range between one and five years, with rates starting as low as 2.07% p.a. And since this is such a low-cost home loan, the comparison rate comes down even lower to 1.98% p.a.
If you want to get the best of both variable and fixed rate worlds, you'll be pleased to know this product won a 2021 Mozo Experts Choice Award for its split rate home loan option.
The FreedomLend Fixed Home Loan is available to owner occupiers and investors who are borrowing between $50,000 and $1,750,000. For borrowers with a 30% deposit you’ll have the choice of fixing your loan between 1 and 5 years, with interest rates for one, two and three-year terms starting at 2.07% p.a. (1.98%% p.a. comparison rate* for one and two year-terms, 1.99% for three-year terms).
If you have a smaller deposit of 20% interest rates on the one, two and three-year terms will start at 2.27% p.a. (2.18% p.a. comparison rate*). Once your fixed term is up, interest rates will revert to an even lower 1.97% p.a. in line with the history-making low rates set out by the Reserve Bank of Australia (RBA).
Investors making principal and interest repayments will be looking at rates starting at 2.37% p.a. (2.28% p.a. comparison rate*) on one and two-year terms.
You’ll be able to make weekly, fortnightly or monthly repayments, and if you want to pay down your loan faster, you can contribute an extra $10,000 each year without facing any penalties.
Unfortunately, there isn’t a redraw facility so you won’t be able to retrieve those extra funds if you decide you want them back. There's also no offset account, so you won't be able to make your savings work to drive down interest on this loan.
If you’re after a fixed rate home loan and don’t mind passing up on features like an offset account or redraw facility, FreedomLend’s Fixed Home Loan could suit your needs.
If you're after FreedomLend's headline rate, you'll need a deposit of at least 30% of the property value, which may be out of some buyers' budgets.
n/a
n/a
n/a
n/a
2.84% (2.04%*)
2.84% (2.11%*)
2.84% (2.18%*)
3.07% (2.32%*)
3.07% (2.40%*)
n/a
n/a
1.97% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$150,000
$1,100,000
80.00%
95.00%
Weekly, Fortnightly, Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
Loans with an LVR of 90-95% are limited to a maximum of $900,000.
none
none
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.
n/a
n/a
n/a
n/a
2.57% (2.57%*)
2.57% (2.57%*)
2.57% (2.57%*)
2.57% (2.57%*)
2.57% (2.57%*)
n/a
n/a
2.57% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,750,000
none
70.00%
Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
2.07% (1.98%*)
2.07% (1.98%*)
2.07% (1.99%*)
2.27% (2.06%*)
2.27% (2.09%*)
n/a
n/a
1.97% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,750,000
none
70.00%
Weekly, Fortnightly, Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
2.27% (2.18%*)
2.27% (2.02%*)
2.27% (2.04%*)
2.47% (2.13%*)
2.47% (2.16%*)
n/a
n/a
1.97% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,750,000
70.00%
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
2.77% (2.59%*)
2.77% (2.60%*)
2.77% (2.62%*)
2.77% (2.63%*)
2.77% (2.65%*)
n/a
n/a
2.57% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,750,000
70.00%
80.00%
Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
2.37% (2.28%*)
2.23% (2.26%*)
2.37% (2.29%*)
2.57% (2.37%*)
2.57% (2.39%*)
n/a
n/a
2.27% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,750,000
none
70.00%
Weekly, Fortnightly, Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
3.07% (2.61%*)
3.07% (2.65%*)
3.07% (2.69%*)
3.07% (2.73%*)
3.07% (2.77%*)
n/a
n/a
2.57% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,100,000
80.00%
90.00%
Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
2.57% (2.30%*)
2.23% (2.26%*)
2.57% (2.49%*)
2.77% (2.43%*)
2.77% (2.46%*)
n/a
n/a
2.27% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,750,000
70.00%
80.00%
Weekly, Fortnightly, Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
2.87% (2.32%*)
2.87% (2.37%*)
2.87% (3.79%*)
3.07% (2.53%*)
3.07% (2.58%*)
n/a
n/a
2.27% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,100,000
80.00%
90.00%
Weekly, Fortnightly, Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
3.07% (2.89%*)
3.07% (2.90%*)
3.07% (2.92%*)
3.07% (2.93%*)
3.07% (2.95%*)
n/a
n/a
2.87% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,750,000
70.00%
80.00%
Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
2.87% (2.87%*)
2.87% (2.87%*)
2.87% (2.87%*)
2.87% (2.87%*)
2.87% (2.87%*)
n/a
n/a
2.87% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,750,000
none
70.00%
Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
n/a
n/a
n/a
n/a
3.37% (2.91%*)
3.37% (2.96%*)
3.37% (3.00%*)
3.37% (3.03%*)
3.37% (3.07%*)
n/a
n/a
2.87% p.a.
$0.00
$0.00
$0.00
$0.00
n/a
$0.00
$0.00
$50,000
$1,100,000
80.00%
90.00%
Monthly
yes - free up to $20,000 p.a.
no
no
none
yes
no
none
none
none
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.
This product is not currently reviewed.
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Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
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Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
Bank of Queensland
Fixed Rate
1.94% p.a.
fixed 3 years
2.97% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Homestar
Star Gold Home Loan
1.79% p.a.
1.84% p.a.
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
1.98% p.a.
fixed 3 years
3.56% p.a.
Homestar
Star Classic Fixed Home Loan
n/a
n/a
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.89% p.a.
fixed 3 years
3.03% p.a.
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.
