loans.com.au home loans

loans.com.au
loans.com.au's overall rating for home loans

(as rated by the Mozo community)

7.2 / 10

based on 202 reviews

loans.com.au is an Australian owned and 100% online lender. Since operations commenced in 2011, loans.com.au has helped thousands of first home buyers and seasoned property investors  fulfill their property dreams.

On this page, you’ll find everything you need to know about the variable and fixed home loans offered by loans.com.au including what features to keep an eye out for and what you’ll need to apply for a home loan with this lender. In case you’re not comfortable with managing your home loan wholly online you can head back to Mozo’s home loan comparison tool and choose a provider with an extensive branch network.

Rates and fees verified as correct at 10 December, 2016. Other information correct at the time of writing.

What home loans do loans.com.au offer?

Fixed Rate Home Loans Fixed Rate Home Loans

loans.com.au has two fixed home loans from which you can choose depending on whether you’re an owner occupier or investor. The fixed rate is available on loans starting from $50,000 (up to a maximum of $1,000,000) and you can choose between 1, 2 or 3 year terms. loans.com.au’s fixed loan is packed with heaps of great features including interest only payments (up to 5 years), a split loan facility and a rate lock feature- and you won’t even need to pay any ongoing service fees! Plus, you can make extra repayments during the fixed rate period of up to $10,000 p.a. to reduce the term of your loan and what you pay in interest.

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

4.19% p.a.

3.96% p.a.

$0.00

$520

3.89% p.a.

3.74% p.a.

$0.00

$520


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Variable Rate Home Loans Variable Rate Home Loans

From the Essentials Variable which is a no frills, basic home loan to the Offset Variable which is available for loans up to $2,0000,000, loans.com.au’s variable rate home loans are suited to both owner occupiers and investors. loans.com.au’s variable loans allow for extra repayments, unlimited free redraws and a choice of principal and interest or interest only payments for up to 5 years. The Offset Variable option has an offset account and a linked Visa debit card which can be used for purchases and cash withdrawals wherever Visa is accepted globally. This means you can offset the interest in your home loan by adding funds to your offset account and only drawing down when you need to.

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

3.89% p.a.

3.91% p.a.

$0.00

$520

3.69% p.a.

3.71% p.a.

$0.00

$520

3.39% p.a.

3.41% p.a.

$0.00

$520

3.99% p.a.

4.01% p.a.

$0.00

$520

3.79% p.a.

3.81% p.a.

$0.00

$520

3.79% p.a.

3.81% p.a.

$0.00

$520

3.59% p.a.

3.61% p.a.

$0.00

$520

4.07% p.a.

4.09% p.a.

$0.00

$520

3.87% p.a.

3.89% p.a.

$0.00

$520

3.49% p.a.

3.51% p.a.

$0.00

$520

3.87% p.a.

3.89% p.a.

$0.00

$520

3.67% p.a.

3.69% p.a.

$0.00

$520

4.19% p.a.

4.21% p.a.

$0.00

$520

3.99% p.a.

4.01% p.a.

$0.00

$520


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loans.com.au home loan features in a glance

100% online100% online

You can apply and manage your loans.com.au home loan from the comfort of your couch. Once your online application is completed, you’ll be assigned your own personal lending manager and support officer to carry you through the whole process until settlement. Easy peasy!

No application or monthly feesNo application or monthly fees

Say sayonara to any application or ongoing monthly service fees when you choose a fixed or variable rate home loan with loans.com.au.

Visa debit cardVisa debit card

When you apply for loans.com.au’s Offset Variable loan, you’ll be issued with a linked Visa debit card which you can use to access the funds in your offset account on a 24/7 basis and wherever Visa is accepted worldwide.

Free redrawFree redraw

loans.com.au’s variable rate home loans allow for unlimited free redraws to access any additional repayments you’ve made. There is no minimum withdrawal.

How are loans.com.au home loans rated?

You already know what our experts think, now head on over to our review page to see how real loans.com.au customers rated their home loans on everything from price and features to convenience and customer service. 

loans.com.au home loans

Overall 7.2*

Price

Features

Customer service

Convenience

Trust

202 Reviews

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

Recent loans.com.au home loan reviews Recent loans.com.au home loan reviews

loans.com.au

loans.com.au Offset Variable 80 (Owner Occupier, Principal & Interest) home loan review

Overall rating   10 / 10

Easy application, great rates, great service.

It was great to be able to assess whether or not we were eligible for a loan online, without having anyone calling us to hassle us. The application process was all online and therefore painless, the rates are excellent. The loan is basic, with...

Full review

It was great to be able to assess whether or not we were eligible for a loan online, without having anyone calling us to hassle us. The application process was all online and therefore painless, the rates are excellent. The loan is basic, with an offset account attached to a debit card, so we're not having to put up with all the 'bells and whistles' that we're not interested in.

    Price   10 / 10

    Features   5 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Dianne (QLD), reviewed 8 months ago

loans.com.au

loans.com.au Offset Variable 80 (Owner Occupier, Principal & Interest) home loan review

Overall rating   0 / 10

Do Not Even Contemplate Using

We contacted loans.com.au to refinance a home loan. We are both in our 50's and from a previous conversation prior to putting in an application were told there would not be any descrimination on age. WRONG! BEWARE - when putting in an...

Full review

We contacted loans.com.au to refinance a home loan. We are both in our 50's and from a previous conversation prior to putting in an application were told there would not be any descrimination on age. WRONG! BEWARE - when putting in an application and then speaking with a consultant make them do a preliminary approval BEFORE allowing them to do a credit check. We were hoodwinked and misled and they did the credit check before doing their homework first and advise us if they could help us. As it turns out they are descriminating on our age and would only lend for a 16 year term. Worse still we now have an inquiry on our file we did not want because they do not give a sh##. I am seriously thinking about going to COSL and the FBAA - this is a practice that needs to be stopped. Every borrower needs to know where they stand before credit checks are done and placed on credit files. What even got under our skin more the woman clearly did not care less. Just an "oh well" attitude. Our recommendation is find a good broker who actually cares and avoid this lender.

    Price   5 / 10

    Features   5 / 10

    Customer service   0 / 10

    Convenience   5 / 10

    Trust   0 / 10

Less

Irked off (NSW), reviewed 9 months ago

loans.com.au

loans.com.au Offset Variable 80 (Owner Occupier, Principal & Interest) home loan review

Overall rating   7 / 10

The best rates with great online facility

The most competitive rates in the market, they have a very efficient and simple offset facility. They do not have physical banks, they have an arrangement with other entities in the banking sector to meet physical bank requirements.

Full review

The most competitive rates in the market, they have a very efficient and simple offset facility. They do not have physical banks, they have an arrangement with other entities in the banking sector to meet physical bank requirements.

    Price   8 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Steve (QLD), reviewed 10 months ago

loans.com.au

loans.com.au Essentials Variable 80 (Owner Occupier, Principal & Interest) home loan review

Overall rating   7 / 10

Great rate and service

Great rate.

Full review

Great rate.

    Price   9 / 10

    Features   1 / 10

    Customer service   4 / 10

    Convenience   3 / 10

    Trust   5 / 10

Less

Thi (VIC), reviewed 12 months ago

loans.com.au

loans.com.au Essentials Variable 80 (Owner Occupier, Principal & Interest) home loan review

Overall rating   3 / 10

Bait of low interest introduction

They trapped me by offering 3.98 six months ago and now I just received a letter that they increased the interest by 0.15 per cent justifying reserve bank advice for banks . But loans.com.au is not a bank. best thing is they still advertising same...

Full review

They trapped me by offering 3.98 six months ago and now I just received a letter that they increased the interest by 0.15 per cent justifying reserve bank advice for banks . But loans.com.au is not a bank. best thing is they still advertising same loan as me for 3.99 % but mine is 4.13% then when I asked about this , they said that is management decision and for some these do not apply but for some it does. Truthfully customer representative acknowledged management treat 2 different ways to its customers. Now I am searching for a different lender

    Price   5 / 10

    Features   5 / 10

    Customer service   5 / 10

    Convenience   4 / 10

    Trust   2 / 10

Less

Jude (VIC), reviewed 12 months 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 loans.com.au home loan? What do you need to apply for a loans.com.au home loan?

To apply for a loans.com.au home loan you will need to fill in an online application form. Once completed you’ll be invited to book an appointment with a lending manager to finalise your application.

Here is a checklist of what details you may need handy to successfully complete your application: 

  • Personal details
  • Contact details including valid email address
  • Loan details such as purpose of loan, borrowing amount, estimated property value and intended property usage
  • Income including annual salary before tax, records of other source of income (e.g. rent) etc.
  • Liabilities such as existing loans and credit cards
  • Monthly living expenses (i.e. general, education, childcare and private health cover).
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