Choose the version of this loan that suits you best
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
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Owner Occupier | Principal & Interest | < 90% | $50,000 | $1,000,000 |
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Owner Occupier | Interest Only | < 80% | $50,000 | $1,000,000 |
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Investor | Principal & Interest | < 90% | $50,000 | $1,000,000 |
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Investor | Interest Only | < 80% | $50,000 | $1,000,000 |
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Owner Occupier | Principal & Interest | < 90% | $50,000 | $1,000,000 |
If you're looking to lock in a low fixed rate, online lender loans.com.au is currently offering a 5-year fixed rate of 6.44% p.a. (6.73% p.a. comparison rate*), so long as you've got at least a 10% deposit. On top of the low fixed rate, you'll also enjoy no ongoing service fees and will be able to make free extra repayments up to $10,000 a year.
With the Fixed Home Loan you can opt for five rate terms, with loan term options of between 1 to 5 years. The rates will depend on how much equity or deposit you have available. The current two year rate 6.59% p.a. (6.83% p.a. comparison rate*) is only available for loans with an LVR of 90% or less.
Unlike other fixed rate home loans where after the fixed rate term comes to an end you revert to a higher standard variable rate, with the Fixed Home Loan, you'll automatically rollover to loans.com.au's low offset variable rate which is one of the more competitive options. Of course, before the fixed rate term comes to an end you should do your homework and compare your home loan options before locking in or switching loans.
The loan is available for purchase or refinance but if you are looking at buying that multimillion dollar penthouse you'll need to look elsewhere. The maximum loan amount is $1 million and borrowers must have a LVR of 90% or less.
There are no ongoing or application fees with the Fixed Home Loan but there are some upfront costs you'll need to budget for including a valuation fee ($230 or at cost) and a $300 settlement fee. There is also a rate lock fee of $350 for all 5-year fixed rate products if you decide to lock in your application rate, but the lock period is up to 90 days during settlement.
You can also time your repayments to suit your pay cycle with weekly, fortnightly and monthly options available.
There is also a 5-year fixed rate special option with this loan, where you could score 6.44% p.a. (6.73% p.a. comparison rate*) on owner-occupier (principal & interest) for loans with a maximum LVR of 90% with loan amounts between $50,000 and $1m. Keep in mind that this main headline rate will revert to a variable rate of after 5 years.
Borrowers that want to lock in their repayments while interest rates are low and are borrowing less than a million dollars.
There is a $550 early discharge fee if you pay the loan out early, and the upfront $350 for an application rate lock is eyebrow raising. This would be on top of any break costs, which depending on the loan amount and the fixed term remaining can be high. It is best to only lock in if you are not planning to sell within the fixed time period.
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n/a |
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n/a |
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n/a |
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n/a |
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6.64% (6.85%*) |
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6.59% (6.83%*) |
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6.54% (6.80%*) |
|
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6.74% (6.83%*) |
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6.79% (6.84%*) |
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n/a |
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n/a |
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6.84% p.a. |
|
$0.00 |
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$0.00 |
|
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$230.00 |
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$300.00 |
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n/a |
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$0.00 |
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$0.00 |
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$50,000 |
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$1,000,000 |
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none |
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90.00% |
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Weekly, Fortnightly, Monthly |
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yes - free up to $10,000 p.a. |
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no |
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no |
|
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none |
|
|
yes |
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no |
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$300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Rate Lock Period is available for 90 day period with a $359 rate lock fee. |
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none |
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none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
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n/a |
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n/a |
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n/a |
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n/a |
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7.04% (6.87%*) |
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6.99% (6.88%*) |
|
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6.94% (6.88%*) |
|
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7.14% (6.93%*) |
|
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7.19% (6.97%*) |
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n/a |
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n/a |
|
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7.24% p.a. |
|
$0.00 |
|
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$0.00 |
|
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$230.00 |
|
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$300.00 |
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n/a |
|
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$0.00 |
|
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$0.00 |
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$50,000 |
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$1,000,000 |
|
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none |
|
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80.00% |
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Monthly |
|
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yes - free up to $10,000 p.a. |
|
|
no |
|
|
no |
|
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none |
|
|
yes |
|
|
no |
|
|
$300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Rate Lock Period is available for 90 day period with a $359 rate lock fee. |
|
|
none |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
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n/a |
|
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n/a |
|
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n/a |
|
|
n/a |
|
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6.84% (7.14%*) |
|
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6.79% (7.11%*) |
|
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6.74% (7.08%*) |
|
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6.94% (7.11%*) |
|
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6.99% (7.11%*) |
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n/a |
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n/a |
|
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7.14% p.a. |
|
$0.00 |
|
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$0.00 |
|
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$230.00 |
|
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$300.00 |
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n/a |
|
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$0.00 |
|
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$0.00 |
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$50,000 |
|
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$1,000,000 |
|
|
none |
|
|
90.00% |
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Weekly, Fortnightly, Monthly |
|
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yes - free up to $10,000 p.a. |
|
|
no |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
$300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Rate Lock Period is available for 90 day period with a $359 rate lock fee. |
|
|
none |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
n/a |
|
|
n/a |
|
|
n/a |
|
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n/a |
|
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7.24% (7.16%*) |
|
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7.19% (7.16%*) |
|
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7.14% (7.16%*) |
|
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7.34% (7.21%*) |
|
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7.39% (7.24%*) |
|
|
n/a |
|
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n/a |
|
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7.24% p.a. |
|
$0.00 |
|
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$0.00 |
|
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$230.00 |
|
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$300.00 |
|
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n/a |
|
|
$0.00 |
|
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$0.00 |
|
$50,000 |
|
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$1,000,000 |
|
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none |
|
|
80.00% |
|
Monthly |
|
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yes - free up to $10,000 p.a. |
|
|
no |
|
|
no |
|
|
none |
|
|
yes |
|
|
no |
|
|
$300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term. Rate Lock Period is available for 90 day period with a $359 rate lock fee. |
|
|
none |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
|
n/a |
|
|
n/a |
|
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
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n/a |
|
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6.44% (6.73%*) |
|
|
n/a |
|
|
n/a |
|
|
6.84% p.a. |
|
$0.00 |
|
|
$0.00 |
|
|
$230.00 |
|
|
$300.00 |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$50,000 |
|
|
$1,000,000 |
|
|
none |
|
|
90.00% |
|
Weekly, Fortnightly, Monthly |
|
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yes - upto 10k per year |
|
|
yes |
|
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yes - free |
|
|
none |
|
|
yes |
|
|
no |
|
|
Rate Lock Period is available for 90 day period with a $359 rate lock fee. |
|
|
none |
|
|
none |
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
Extremely difficult to deal with. Made us jump through hoops to secure a minimum loan, does not follow through with customers or service. Poor communication, and cannot recommend enough for loans.
Read full reviewExtremely difficult to deal with. Made us jump through hoops to secure a minimum loan, does not follow through with customers or service. Poor communication, and cannot recommend enough for loans.
It's worth noting that, unlike all the major banks, loans.com.au didn't pass on any of the latest Reserve Bank interest rate cut. As in, they passed on 0% of the RBA cut. Which is shameful to say the least.
Read full reviewIt's worth noting that, unlike all the major banks, loans.com.au didn't pass on any of the latest Reserve Bank interest rate cut. As in, they passed on 0% of the RBA cut. Which is shameful to say the least.
I have had a great experience with this provider. Great service, great advice, quick loan approval, great rates, great features. No hidden costs. Easy to make changes to repayments and friendly people to talk to. Would recommend this service to anyone.
Read full reviewI have had a great experience with this provider. Great service, great advice, quick loan approval, great rates, great features. No hidden costs. Easy to make changes to repayments and friendly people to talk to. Would recommend this service to anyone.
Variable Rate Home Loan Special Offer (Package)
6.14% p.a. variable
6.51% p.a.
Mortgage Simplifier
6.14% p.a. variable
6.43% p.a.
Variable Rate Home Loan Special Offer (Package)
6.14% p.a. variable
6.51% p.a.
Variable Home Loan 90
6.24% p.a. variable
6.26% p.a.
Mortgage Simplifier
6.14% p.a.
6.43% p.a.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
