Illawarra Home Loans home loans

Illawarra Home Loans
Illawarra Home Loans's overall rating for home loans

(as rated by the Mozo community)

9.0 / 10

based on 1 reviews

Illawarra Home Loans was recently relaunched as an online mortgage lender, to provide Aussie borrowers with the flexibility and security of a big bank, along with the personalised service of a small lender. Check out the home loans on offer below.

Rates and fees verified as correct at 23 March, 2017. Other information correct at the time of writing.

What home loans do Illawarra Home Loans offer?

Fixed Rate Home Loans Fixed Rate Home Loans

For the security of a set monthly budget, check out the fixed rate mortgage from Illawarra Home Loans. Available for up to 95% of the property’s value, this home loan comes with the ability to make up to $20,000 of free extra repayments. You’ll also have the chance to take a repayment holiday, access the free redraw facility and make use of the offset account. Keep in mind there’s a settlement fee to consider.

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

4.13% p.a.

4.90% p.a.

$0.00

$150


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Variable Rate Home Loans Variable Rate Home Loans

For a little more flexibility, check out the variable rate option from Illawarra Home Loans. There are different rate tiers available depending on your LVR and loan amount, but there are options to borrow up to 95% of the property’s value. In terms of features, this loan comes with unlimited free extra repayments, a free redraw facility, the use of an offset account and the chance to take a repayment holiday. Just don’t forget to budget for both the upfront settlement and yearly service fees.

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

4.78% p.a. variable for 60 months and then 4.73% p.a.

5.10% p.a.

$345.00 yearly

$132

4.43% p.a. variable for 60 months and then 4.38% p.a.

4.75% p.a.

$345.00 yearly

$132

4.77% p.a. variable for 60 months and then 4.72% p.a.

5.09% p.a.

$345.00 yearly

$132

3.92% p.a. variable for 60 months and then 3.87% p.a.

4.25% p.a.

$345.00 yearly

$132

3.72% p.a. variable for 60 months and then 3.67% p.a.

4.06% p.a.

$345.00 yearly

$132

4.12% p.a. variable for 60 months and then 4.07% p.a.

4.45% p.a.

$345.00 yearly

$132


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Illawarra Home Loans home loan features in a glance

Free extra repaymentsFree extra repayments

Make free extra repayments to pay off your home loan sooner. But remember that while these additional repayments are unlimited on variable rate offers, they’re capped at $20,000 on the fixed rate offer.

Redraw facilityRedraw facility

Need some of those extra funds back in your pocket? You can make use of the free redraw facility.

Offset accountOffset account

You can park your savings in the included offset account to cut down on interest costs on your Illawarra Home Loans mortgage.

How are Illawarra Home Loans home loans rated?

Visit our customer review section to find out what Illawarra Home Loans customers think about their mortgages in areas like trust, convenience and customer service.

Illawarra Home Loans home loans

Overall 9.0*

Price

Features

Customer service

Convenience

Trust

1 Reviews

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

Recent Illawarra Home Loans home loan reviews Recent Illawarra Home Loans home loan reviews

Illawarra Home Loans

Illawarra Home Loans Bank Beater Home Loan (Owner Occupier, LVR<80%) home loan review

Overall rating   9 / 10

Cheap home loan with all the features at no cost

Attracted to them by their great rate and product flexibility. Good honest team to deal with.

Attracted to them by their great rate and product flexibility. Good honest team to deal with.

    Price   10 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Graham (NSW), reviewed over 3 years ago

Illawarra Home Loans

Illawarra Home Loans home loan review

Overall rating   10 / 10

Got a great deal as a first home buyer with Illawarra Home Loans. Very impressed with with customer service and handling of the entire process! Michael

Got a great deal as a first home buyer with Illawarra Home Loans. Very impressed with with customer service and handling of the entire process! Michael

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Michael (NSW), reviewed almost 6 years ago

Illawarra Home Loans

Illawarra Home Loans home loan review

Overall rating   9 / 10

First Home buyer extremely satisfied with their service, quick and easy!!

First Home buyer extremely satisfied with their service, quick and easy!!

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Cynthia (NSW), reviewed almost 6 years ago

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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 Illawarra Home Loans home loan? What do you need to apply for a Illawarra Home Loans home loan?

You can apply for pre-approval through the Illawarra Home Loans website, and then, a home loan consultant will call you to walk you through your application. To make things easier, there are a few things you can have ready, including:

  • Your personal contact details
  • Proof of income (usually in the form of recent pay slips)
  • Details of any loans, credit cards and other major expenses
  • Details of any savings, shares, property or other assets you might hold
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