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loans.com.au Offset Variable

The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $2,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $1,000,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan between $50,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $50,000 $2,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $50,000 $2,000,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $50,000 $1,000,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $50,000 $2,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $50,000 $2,000,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $50,000 $1,000,000

Rate
2.87% p.a.
Comparison Rate*
2.89% p.a.
Service fee
$0.00
Upfront fee
$520
Go to site
Rate
3.37% p.a.
Comparison Rate*
3.39% p.a.
Service fee
$0.00
Upfront fee
$520
Rate
2.87% p.a.
Comparison Rate*
2.89% p.a.
Service fee
$0.00
Upfront fee
$520
Rate
3.32% p.a.
Comparison Rate*
3.34% p.a.
Service fee
$0.00
Upfront fee
$520
Rate
3.67% p.a.
Comparison Rate*
3.69% p.a.
Service fee
$0.00
Upfront fee
$520
Rate
3.54% p.a.
Comparison Rate*
3.56% p.a.
Service fee
$0.00
Upfront fee
$520

Mozo editorial review loans.com.au Offset Variable

Last updated: 10 March 2020.

binocular icon
What's hot
  • Offset account to help you save on interest
  • Available for investors and owner occupiers
  • Borrow up to 90% of property value
What's not
  • Slightly higher interest rates for investors
Mozo snapshot

Having an offset account attached to your home loan can be a real money saver, helping you to reduce the interest you’ll pay over the life of your loan, which is why the the loans.com.au Offset Variable home loan is a good loan option for borrowers. Interest rates are tiered depending on whether you’re borrowing for your own home or an investment and how much deposit you’ll be putting towards the property. In addition to competitive interest rates, the loan has no ongoing fees or application fees so 100% of your repayments go towards paying down your home loan.

key icon
Key features

All borrowers can choose between making principle and interest (P&I) or interest only repayments with the Offset Variable Loan.

For owner occupiers, you can apply now for a P&I variable interest rate as low as 2.87% (2.89% comparison rate*) for a loan with a deposit of 10% or more.

Investor principal and interest rates on the other hand start at 3.32% p.a. (3.34% comparison rate*) for an 80% LVR and go up to 3.54% p.a. (3.56% comparison rate*) for a 90% LVR.

You will get a lot of flexibility with this loan. In addition to having an offset account attached to the loan, you’ll also get to choose whether to make repayments weekly, fortnightly or monthly.

There is the option to split your loan between fixed and variable interest rates if you’re wanting to lock down part of your repayments so that you know exactly what you’ll need to repay each month.

snapshot
Who is it good for

With a maximum loan amount of $2 million, and a maximum loan to value ratio of 90%, this loan is pretty much suited to most Australian home borrowers. This loan isn’t the cheapest of loans.com.au’s home loan products so make sure that you are going to be utilising the offset account to its full advantage so that the interest you’ll save will offset the slightly higher interest rate you’ll be paying.

snapshot
Any catches

Just be aware that this loan doesn’t include a repayment holiday feature. This is a feature that some loans now offer if you temporarily need a break from your regular home loan repayments due to things like parental leave or career breaks. If you do think this is something that you are likely to need in the foreseeable future you might want to compare home loans in our database that do offer this feature.  

Details

Rates and fees information correct as at 15 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.87% p.a.

  • n/a

  • n/a

  • n/a

  • 2.89% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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.

Details

Rates and fees information correct as at 15 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.37% p.a.

  • n/a

  • n/a

  • n/a

  • 3.39% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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.

Details

Rates and fees information correct as at 15 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.87% p.a.

  • n/a

  • n/a

  • n/a

  • 2.89% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • 80.00%

  • 90.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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.

Details

Rates and fees information correct as at 15 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.32% p.a.

  • n/a

  • n/a

  • n/a

  • 3.34% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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.

Details

Rates and fees information correct as at 15 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.67% p.a.

  • n/a

  • n/a

  • n/a

  • 3.69% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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.

Details

Rates and fees information correct as at 15 August 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 3.54% p.a.

  • n/a

  • n/a

  • n/a

  • 3.56% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • 80.00%

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $0.00

  • yes

  • yes

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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.

Customer Reviews

How are loans.com.au home loans rated by the Mozo community?

Overall customer rating
8.1/10
Price
9.0/10
Features
8.1/10
Customer service
7.8/10
Convenience
7.3/10
Trust
7.6/10

Latest reviews of loans.com.au Offset Variable

  • Overall 0/10
    Zero care for loyal customers.

    I've been with loans.com.au for over 5 years, with 3 mortgages & approximately $200k in savings. Over that time they've snuck the rate up on us to 1% above their advertised rate. When we rang them about it, they said someone would call us back within 5 working days. Still no word after a fortnight, they obviously don't care about retaining our business so we're moving our loans elsewhere. Good riddance.

    Read full review

    I've been with loans.com.au for over 5 years, with 3 mortgages & approximately $200k in savings. Over that time they've snuck the rate up on us to 1% above their advertised rate. When we rang them about it, they said someone would call us back within 5 working days. Still no word after a fortnight, they obviously don't care about retaining our business so we're moving our loans elsewhere. Good riddance.

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Shirley, Western Australia reviewed about 2 months ago
  • Overall 1/10
    Not what they seem

    Don’t believe the hype. They will promise you a great deal but won’t deliver. There are far better providers out there.

    Read full review

    Don’t believe the hype. They will promise you a great deal but won’t deliver. There are far better providers out there.

    Price
    5/10
    Features
    2/10
    Customer service
    0/10
    Convenience
    3/10
    Trust
    1/10
    Less
    Jon, Queensland reviewed about 2 months ago
  • Overall 1/10
    Bad customer service.

    Once you are with them, you cant negotiate. Not friendly at all.

    Read full review

    Once you are with them, you cant negotiate. Not friendly at all.

    Price
    2/10
    Features
    2/10
    Customer service
    1/10
    Convenience
    0/10
    Trust
    1/10
    Less
    Ano, Victoria reviewed about 2 months ago
  • Overall 7/10
    Great rate.

    Great rate, easy setup.

    Read full review

    Great rate, easy setup.

    Price
    -1/10
    Features
    6/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Sam, Queensland reviewed 3 months ago
  • Overall 8/10
    Transparent.

    What you see is what you get. Straightforward, transparent.

    Read full review

    What you see is what you get. Straightforward, transparent.

    Price
    8/10
    Features
    0/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Sandra, New South Wales reviewed 9 months ago
loans.com.au

About loans.com.au

100% Australian owned, loans.com.au opened its doors in 2010 with a vision of "making it easier for people to own and invest in property". loans.com.au offers a winning combination of low interest rates and fees and a commitment to excellent customer service. loans.com.au runs its own call centre and caters to home, investment and personal finance borrowers.

See loans.com.au home loans

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2.49% p.a.

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2.94% p.a. variableApply now to get this rate from 30 Sep

2.87% p.a.Apply now to get this rate from 30 Sep

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Fixed Rate Loan (Owner Occupiers with Orange Advantage)

2.34% p.a.
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3.67% p.a.

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2.74% p.a.

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2.49% p.a.

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2.86% p.a.

$10.00 monthly

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2.69% p.a.

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2.42% p.a.

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*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.