Rates and fees verified as correct at 19 May 2022. Other information correct at the time of writing. Advertiser disclosure.
There are a couple of different variable rate home loan options on offer from Liberty. Choose the Sharp Home Loan and you’ll be able to borrow amounts starting from $100,000, up to 95% of the property’s value. You’ll also have the use of money saving features including unlimited free extra repayments, a free redraw facility (minimum applies) and the chance to take a repayment holiday. But keep in mind, you’ll pay a yearly service fee for this option. Opt for the Free Variable Rate Home Loan and you can borrow up to 95% of the property’s value, starting from $50,000. You’ll have the same great money saving features, plus the use of an offset account.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments |
|---|---|---|---|---|---|
|
3.04% p.a. |
3.11% p.a. |
$0.00 |
$995 |
||
|
3.44% p.a. |
3.51% p.a. |
$0.00 |
$995 |
||
|
3.84% p.a. |
3.91% p.a. |
$0.00 |
$995 |
||
|
4.44% p.a. |
4.51% p.a. |
$0.00 |
$995 |
||
|
4.89% p.a. |
4.96% p.a. |
$0.00 |
$995 |
||
|
2.84% p.a. |
2.91% p.a. |
$0.00 |
$995 |
||
|
3.14% p.a. |
3.46% p.a. |
$295.00 yearly |
$0 |
||
|
3.54% p.a. |
3.85% p.a. |
$295.00 yearly |
$0 |
||
|
3.94% p.a. |
4.24% p.a. |
$295.00 yearly |
$0 |
||
|
4.54% p.a. |
4.83% p.a. |
$295.00 yearly |
$0 |
||
|
4.99% p.a. |
5.28% p.a. |
$295.00 yearly |
$0 |
||
|
2.94% p.a. |
3.26% p.a. |
$295.00 yearly |
$0 |
||
|
3.39% p.a. |
3.46% p.a. |
$0.00 |
$995 |
||
|
3.79% p.a. |
3.86% p.a. |
$0.00 |
$995 |
||
|
4.19% p.a. |
4.26% p.a. |
$0.00 |
$995 |
||
|
4.79% p.a. |
4.86% p.a. |
$0.00 |
$995 |
||
|
5.24% p.a. |
5.31% p.a. |
$0.00 |
$995 |
||
|
3.19% p.a. |
3.26% p.a. |
$0.00 |
$995 |
||
|
4.24% p.a. |
4.54% p.a. |
$295.00 yearly |
$0 |
||
|
3.49% p.a. |
3.80% p.a. |
$295.00 yearly |
$0 |
||
|
4.64% p.a. |
4.93% p.a. |
$295.00 yearly |
$0 |
||
|
3.89% p.a. |
4.20% p.a. |
$295.00 yearly |
$0 |
||
|
4.99% p.a. |
5.28% p.a. |
$295.00 yearly |
$0 |
||
|
4.29% p.a. |
4.59% p.a. |
$295.00 yearly |
$0 |
||
|
4.89% p.a. |
5.18% p.a. |
$295.00 yearly |
$0 |
||
|
5.34% p.a. |
5.62% p.a. |
$295.00 yearly |
$0 |
||
|
4.09% p.a. |
4.39% p.a. |
$295.00 yearly |
$0 |
||
|
3.29% p.a. |
3.61% p.a. |
$295.00 yearly |
$0 |
Make unlimited free extra repayments on your fixed or variable rate home loan to own your home sooner.
Need to take a break? With Liberty home loans, you have the option to take a repayment holiday if you need to.
Make your mortgage repayments weekly, fortnightly or monthly - whatever suits your budget.
Mozo users have rated Liberty home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
28 Reviews
Absolutely terrible! When we tried to pay out the account and finalise our loan, after making numerous phone calls and writing emails we had no response. They make it impossible to leave, I guess there is more value in keeping us so we can keep paying all the high interest and the monthly fee.
Read full reviewAbsolutely terrible! When we tried to pay out the account and finalise our loan, after making numerous phone calls and writing emails we had no response. They make it impossible to leave, I guess there is more value in keeping us so we can keep paying all the high interest and the monthly fee.
Stay away from Liberty. I have a SMSF home loan and am still paying over 6% interest rate. They have not passed on anything in the last 4 rate cuts, they are hopeless and refuse to pass any cuts. Not very competitive.
Read full reviewStay away from Liberty. I have a SMSF home loan and am still paying over 6% interest rate. They have not passed on anything in the last 4 rate cuts, they are hopeless and refuse to pass any cuts. Not very competitive.
Fail to pass on rate cuts and blame Covid. No good enough.
Read full reviewFail to pass on rate cuts and blame Covid. No good enough.
So they will give you a chance when other banks won't, they are good at working with if you have financial hardship and staff are friendly. Now for the bad, I purchased a property. I had to push back settlement twice because of the bank not being organised. I then sold a property that I loaned against, so they had to release it which was a nightmare. They were supposed to take a percentage but ended up taking the full amount, which I didn't find out about until settlement day. Despite calling multiple times, they didn't allow for settlement fees, so it couldn't settle that day. Anyway got pushed back twice, they had my lawyers details so no excuse for not knowing rates adjustment and other fees. I had even filled out a form to give permission for them to contact my lawyer directly. Anyway settlement got pushed back twice again, my lawyer was pretty horrified with the way I was treated, and the lack of professionalism.
Read full reviewSo they will give you a chance when other banks won't, they are good at working with if you have financial hardship and staff are friendly. Now for the bad, I purchased a property. I had to push back settlement twice because of the bank not being organised. I then sold a property that I loaned against, so they had to release it which was a nightmare. They were supposed to take a percentage but ended up taking the full amount, which I didn't find out about until settlement day. Despite calling multiple times, they didn't allow for settlement fees, so it couldn't settle that day. Anyway got pushed back twice, they had my lawyers details so no excuse for not knowing rates adjustment and other fees. I had even filled out a form to give permission for them to contact my lawyer directly. Anyway settlement got pushed back twice again, my lawyer was pretty horrified with the way I was treated, and the lack of professionalism.
Staff are always pleasant and helpful. Rates are too high and they aren’t interested in negotiating despite having 4 loans with them.
Read full reviewStaff are always pleasant and helpful. Rates are too high and they aren’t interested in negotiating despite having 4 loans with them.
To apply for a Liberty home loan, you’ll have to set up a meeting with a Liberty home loan advisor. To make sure everything goes smoothly when you start your mortgage application, it’s useful to have a few things ready: