2.8 / 10

based on 35 Liberty banking product reviews as rated by Mozo community

Liberty home loans

Liberty began in 1997, providing a personal and competitive alternative to traditional banking options. At Liberty, it’s all about freedom - so the home loans on offer are flexible and suited to your personal needs. Check them out below.

What home loans do Liberty offer?

Rates and fees verified as correct at 24 July, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

For the security of a set monthly budget, take a look at the fixed rate home loan offers from Liberty. You can borrow up to 85% of the property's value, starting from $50,000 and make unlimited free additional repayments to pay off your mortgage sooner. You also have the option to take a repayment holiday, and to split your loan between fixed and variable rates. Keep in mind that there is a yearly service fee to consider.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

3.84% p.a.

4.04% p.a.

$295.00 yearly

$0

4.69% p.a.

4.91% p.a.

$295.00 yearly

$0

4.19% p.a.

4.38% p.a.

$295.00 yearly

$0

Variable Rate Home Loans

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.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

2.84% p.a.

2.91% p.a.

$0.00

$995

3.24% p.a.

3.31% p.a.

$0.00

$995

3.59% p.a.

3.66% p.a.

$0.00

$995

4.19% p.a.

4.26% p.a.

$0.00

$995

4.64% p.a.

4.71% p.a.

$0.00

$995

2.64% p.a.

2.71% p.a.

$0.00

$995

2.94% p.a.

3.26% p.a.

$295.00 yearly

$0

3.34% p.a.

3.66% p.a.

$295.00 yearly

$0

3.69% p.a.

4.00% p.a.

$295.00 yearly

$0

4.29% p.a.

4.59% p.a.

$295.00 yearly

$0

4.74% p.a.

5.03% p.a.

$295.00 yearly

$0

2.74% p.a.

3.07% p.a.

$295.00 yearly

$0

3.19% p.a.

3.26% p.a.

$0.00

$995

3.59% p.a.

3.66% p.a.

$0.00

$995

3.94% p.a.

4.01% p.a.

$0.00

$995

4.54% p.a.

4.61% p.a.

$0.00

$995

4.99% p.a.

5.06% p.a.

$0.00

$995

2.99% p.a.

3.06% p.a.

$0.00

$995

3.99% p.a.

4.29% p.a.

$295.00 yearly

$0

3.29% p.a.

3.61% p.a.

$295.00 yearly

$0

4.39% p.a.

4.69% p.a.

$295.00 yearly

$0

3.69% p.a.

4.00% p.a.

$295.00 yearly

$0

4.74% p.a.

5.03% p.a.

$295.00 yearly

$0

4.04% p.a.

4.34% p.a.

$295.00 yearly

$0

4.64% p.a.

4.93% p.a.

$295.00 yearly

$0

5.09% p.a.

5.38% p.a.

$295.00 yearly

$0

3.84% p.a.

4.15% p.a.

$295.00 yearly

$0

3.09% p.a.

3.41% p.a.

$295.00 yearly

$0

Liberty home loan features in a glance

Free icon

Unlimited free extra repayments

Make unlimited free extra repayments on your fixed or variable rate home loan to own your home sooner.

Holiday icon

Repayment holidays

Need to take a break? With Liberty home loans, you have the option to take a repayment holiday if you need to.

Schedule icon

Flexible repayment schedule

Make your mortgage repayments weekly, fortnightly or monthly - whatever suits your budget.

How are Liberty home loans rated?

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.

Icon of home-loans
Liberty home loans
Overall
3.3/10
Price
Features
Customer service
Convenience
Trust

28 Reviews

Recent Liberty home loan reviews

Liberty Sharp Home Loan
Overall 1/10
Terrible service.

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 review

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.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Susan, Victoria, reviewed 3 months ago
Liberty Home Loan
Overall 2/10
Not very competitive

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 review

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.

Price
1/10
Features
2/10
Customer service
2/10
Convenience
2/10
Trust
2/10
Less
Yoki, New South Wales, reviewed 5 months ago
Liberty Home Loan
Overall 1/10
Go elsewhere.

Fail to pass on rate cuts and blame Covid. No good enough.

Read full review

Fail to pass on rate cuts and blame Covid. No good enough.

Price
1/10
Features
2/10
Customer service
2/10
Convenience
3/10
Trust
1/10
Less
Ian, Queensland, reviewed 6 months ago
Liberty Star Home Loan
Overall 2/10
Delayed settlements

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 review

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.

Price
5/10
Features
5/10
Customer service
4/10
Convenience
6/10
Trust
6/10
Less
Jay, Queensland, reviewed 12 days ago
Liberty Home Loan
Overall 3/10
Nice staff. Expensive interest rates

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 review

Staff are always pleasant and helpful. Rates are too high and they aren’t interested in negotiating despite having 4 loans with them.

Price
4/10
Features
5/10
Customer service
8/10
Convenience
5/10
Trust
5/10
Less
Kristy, Victoria, reviewed 6 months ago

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

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:

  • Your personal details (including contact details)
  • Proof of income
  • Details of other loans, credit cards and expenses
  • Details of your assets (things like savings, shares or property)

Home loan quick links