Homeloans home loans

Homeloans
Homeloans's overall rating for home loans

(as rated by the Mozo community)

7.3 / 10

based on 3 reviews

As a home loans specialist and competitive alternative to traditional banks, Homeloans has been providing a fresh take on mortgages since 1985. With customer satisfaction levels over 97%, it’s hard to see where you’d go wrong with a home loan from Homeloans.

Rates and fees verified as correct at 06 December, 2016. Other information correct at the time of writing.

What home loans do Homeloans offer?

Fixed Rate Home Loans Fixed Rate Home Loans

Opt for a fixed rate offer from Homeloans and you’ll have heaps of different rate tiers to choose from, depending on your LVR and loan amount. You can also choose between two different loans, the main differences being that while the MoniPower offer comes with a monthly service fee, the use of an offset account and free extra repayments up to $20,000, the Ultra Plus offer has a yearly service fee attached, no offset account and unlimited free extra repayments. Both offers also come with a settlement fee and will allow you to borrow up to 95% of the property’s value.

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

4.34% p.a.

4.73% p.a.

$10.00 monthly

$213

4.24% p.a.

4.48% p.a.

$10.00 monthly

$213

4.19% p.a.

4.43% p.a.

$120.00 yearly

$363

3.99% p.a.

4.23% p.a.

$120.00 yearly

$363

3.99% p.a.

4.23% p.a.

$120.00 yearly

$363

3.79% p.a.

4.03% p.a.

$120.00 yearly

$363

4.34% p.a.

4.47% p.a.

$120.00 yearly

$363

4.14% p.a.

4.27% p.a.

$120.00 yearly

$363

4.14% p.a.

4.27% p.a.

$120.00 yearly

$363

3.94% p.a.

4.07% p.a.

$120.00 yearly

$363

4.29% p.a.

4.45% p.a.

$120.00 yearly

$363

4.09% p.a.

4.26% p.a.

$120.00 yearly

$363

4.09% p.a.

4.26% p.a.

$120.00 yearly

$363

3.89% p.a.

4.06% p.a.

$120.00 yearly

$363

4.44% p.a.

4.49% p.a.

$120.00 yearly

$363

4.24% p.a.

4.29% p.a.

$120.00 yearly

$363

4.24% p.a.

4.29% p.a.

$120.00 yearly

$363

4.04% p.a.

4.10% p.a.

$120.00 yearly

$363

4.24% p.a.

4.44% p.a.

$120.00 yearly

$363

4.04% p.a.

4.24% p.a.

$120.00 yearly

$363

4.39% p.a.

4.48% p.a.

$120.00 yearly

$363

4.19% p.a.

4.28% p.a.

$120.00 yearly

$363


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Variable Rate Home Loans Variable Rate Home Loans

Like the fixed rate alternative, there are plenty of variable rate tiers and two different variable rate loans on offer from Homeloans. Both offers come with unlimited free extra repayments, a free redraw facility and a settlement fee. You can also borrow up to 95% of the property’s value on both loans. The MoniPower offer also includes an offset account and a monthly service fee, while the Ultra Plus offer has no offset account and a yearly service fee.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.14% p.a.

4.27% p.a.

$10.00 monthly

$213

4.14% p.a.

4.27% p.a.

$10.00 monthly

$213

4.69% p.a.

4.82% p.a.

$10.00 monthly

$213

4.39% p.a.

4.52% p.a.

$10.00 monthly

$213

4.32% p.a.

4.45% p.a.

$120.00 yearly

$150

4.09% p.a.

4.23% p.a.

$120.00 yearly

$363

4.14% p.a.

4.28% p.a.

$120.00 yearly

$363

4.12% p.a.

4.25% p.a.

$120.00 yearly

$150

3.89% p.a.

4.03% p.a.

$120.00 yearly

$363

3.94% p.a.

4.08% p.a.

$120.00 yearly

$363

3.94% p.a.

4.08% p.a.

$120.00 yearly

$363

4.12% p.a.

4.25% p.a.

$120.00 yearly

$150

3.89% p.a.

4.03% p.a.

$120.00 yearly

$363

3.92% p.a.

4.05% p.a.

$120.00 yearly

$150

3.69% p.a.

3.84% p.a.

$120.00 yearly

$363

3.74% p.a.

3.89% p.a.

$120.00 yearly

$363

4.32% p.a.

4.46% p.a.

$120.00 yearly

$363

4.37% p.a.

4.51% p.a.

$120.00 yearly

$363

4.42% p.a.

4.56% p.a.

$120.00 yearly

$363

4.12% p.a.

4.26% p.a.

$120.00 yearly

$363

4.17% p.a.

4.31% p.a.

$120.00 yearly

$363

4.22% p.a.

4.36% p.a.

$120.00 yearly

$363

4.22% p.a.

4.36% p.a.

$120.00 yearly

$363

4.12% p.a.

4.26% p.a.

$120.00 yearly

$363

4.17% p.a.

4.31% p.a.

$120.00 yearly

$363

3.97% p.a.

4.11% p.a.

$120.00 yearly

$363

3.92% p.a.

4.06% p.a.

$120.00 yearly

$363

4.02% p.a.

4.16% p.a.

$120.00 yearly

$363

4.40% p.a.

4.54% p.a.

$120.00 yearly

$363

4.32% p.a.

4.46% p.a.

$120.00 yearly

$363

4.35% p.a.

4.49% p.a.

$120.00 yearly

$363

4.15% p.a.

4.29% p.a.

$120.00 yearly

$363

4.12% p.a.

4.26% p.a.

$120.00 yearly

$363

4.20% p.a.

4.34% p.a.

$120.00 yearly

$363


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Line of Credit Line of Credit

Use the equity already built up in your home to fund your next big spending goal with a line of credit mortgage from Homeloans. You can get your hands on up to 90% of your home’s value, between $20,000 and $1 million. But don’t forget to factor the upfront settlement and yearly service fees into your budget.

Product Rate Comparison Rate* Service fee Upfront fee

4.97% p.a.

n/a

$180.00 yearly

$363

4.77% p.a.

n/a

$180.00 yearly

$363

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Homeloans home loan features in a glance

Unlimited free extra repaymentsUnlimited free extra repayments

With the exception of one of the fixed rate offers, you can make unlimited free extra repayments to pay off your Homeloans mortgage quicker.

Redraw facilityRedraw facility

If you find you need some of those extra funds back you have access to a fee free redraw facility. But keep in mind, a minimum redraw amount applies to some offers.

Split rate optionSplit rate option

Not sure whether fixed or variable rates are for you? Get the best of both worlds by splitting your Homeloans mortgage between the two.

How are Homeloans home loans rated?

Find out how Homeloans performs in areas like trust, customer service and convenience by reading through our customer review section.

Homeloans home loans

Overall 7.3*

Price

Features

Customer service

Convenience

Trust

3 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Homeloans home loan reviews Recent Homeloans home loan reviews

Homeloans

Homeloans home loan review

Overall rating   8 / 10

Competitive rates with great customer service

Great "no frills" options for those of us that don't want to be hounded by the banks and want a well priced Mortgage. We all want to live a happy life without the pressure of an over-priced mortgage. Homeloans Ltd has allowed myself and my family...

Full review

Great "no frills" options for those of us that don't want to be hounded by the banks and want a well priced Mortgage. We all want to live a happy life without the pressure of an over-priced mortgage. Homeloans Ltd has allowed myself and my family to achieve this. Every time we have had a question it was easy to access friendly and helpful customer service representatives. We are very happy customers!

    Price   10 / 10

    Features   6 / 10

    Customer service   9 / 10

    Convenience   5 / 10

    Trust   10 / 10

Less

Eliza (VIC), reviewed almost 3 years ago

Homeloans

Homeloans home loan review

Overall rating   5 / 10

Easy to use

They do not have many bank branches and ATM's here in SA and so this makes it hard to get to the bank. Not the best at how many transactions you can have a month either.

Full review

They do not have many bank branches and ATM's here in SA and so this makes it hard to get to the bank. Not the best at how many transactions you can have a month either.

    Price   5 / 10

    Features   3 / 10

    Customer service   4 / 10

    Convenience   2 / 10

    Trust   5 / 10

Less

Kristy (SA), reviewed almost 3 years ago

Homeloans

Homeloans home loan review

Overall rating   9 / 10

Excellent rates and superb customer service

I like this online lender because they are very easy to deal with from the get go. I needed a loan quick and they stepped up to the challenge. More importantly, they do what they promise and more. Several times, they have told me they will...

Full review

I like this online lender because they are very easy to deal with from the get go. I needed a loan quick and they stepped up to the challenge. More importantly, they do what they promise and more. Several times, they have told me they will update me on the progress of my loan within a fortnight. Instead of a progress update, I got an approval in half that time! :) A very happy customer here.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   8 / 10

Less

Mozo reviewer (NSW), reviewed about 3 years ago

Homeloans

Homeloans home loan review

Overall rating   10 / 10

Competitive features and great customer service

We like this provider because they are very connected to what we are wanting from this home loan and are very helpful with any enquiries that we ring about.

Full review

We like this provider because they are very connected to what we are wanting from this home loan and are very helpful with any enquiries that we ring about.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Heather (VIC), reviewed over 3 years ago

Homeloans

Homeloans home loan review

Overall rating   7 / 10

Exceptional customer service

The customer service has always been exceptional each time I have been required to contact our financial institution. The staff were friendly, patient & very helpful with each of my enquiries. If I am ever asked by family and friends, I always...

Full review

The customer service has always been exceptional each time I have been required to contact our financial institution. The staff were friendly, patient & very helpful with each of my enquiries. If I am ever asked by family and friends, I always suggest to check out their products as they may have something for them. This particular institute does not have its own ATMS throughout Australia, however, we can access a few other banking ATMs at no fee cost to us for a limited number of transactions each month. The local branch does not complete cash, eft, bank cheques transactions however many of it services are accessible through Australia Post, Online or by telephone.

    Price   6 / 10

    Features   -1 / 10

    Customer service   9 / 10

    Convenience   6 / 10

    Trust   7 / 10

Less

Mozo reviewer (SA), reviewed over 3 years ago

Hide reviews

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ 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.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a Homeloans home loan? What do you need to apply for a Homeloans home loan?

You can enquire online, and then chat to Homeloans staff about applying for a mortgage. When you start your application, it’s useful to have a few things on hand including:

  • Your contact details
  • Financial details including your salary and proof of income
  • Details of any other loans or credit cards
  • Details of any assets such as savings or property
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