loans.com.au Offset Variable
This product is available in different versions. Pick the right version for you here.
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 $2,000,000 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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $50,000 | $2,000,000 |
| | Owner Occupier | Interest Only | < 80% | $50,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $50,000 | $2,000,000 |
| | Investor | Principal & Interest | < 80% | $50,000 | $2,000,000 |
| | Investor | Interest Only | < 80% | $50,000 | $2,000,000 |
| | Investor | Principal & Interest | 80%-90% | $50,000 | $1,000,000 |
-
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 $2,000,000
-
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
loans.com.au Offset Variable
3.47% p.a.
3.49% p.a.
$0.00
loans.com.au Offset Variable
3.47% p.a.
3.49% p.a.
$0.00
3.47% p.a.
3.49% p.a.
$0.00
3.12% p.a.
3.14% p.a.
$0.00
loans.com.au Offset Variable
3.12% p.a.
3.14% p.a.
$0.00
3.12% p.a.
3.14% p.a.
$0.00
3.57% p.a.
3.59% p.a.
$0.00
loans.com.au Offset Variable
3.57% p.a.
3.59% p.a.
$0.00
3.57% p.a.
3.59% p.a.
$0.00
3.77% p.a.
3.79% p.a.
$0.00
loans.com.au Offset Variable
3.77% p.a.
3.79% p.a.
$0.00
3.77% p.a.
3.79% p.a.
$0.00
3.79% p.a.
3.81% p.a.
$0.00
loans.com.au Offset Variable
3.79% p.a.
3.81% p.a.
$0.00
3.79% p.a.
3.81% p.a.
$0.00
Mozo Review loans.com.au Offset Variable Review
Last updated: 17 October 2019.
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 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 3.12% (3.14% comparison rate*) for a loan with a deposit of 10% or more.
Investor principal and interest rates on the other hand start at 3.57% p.a. (3.59% comparison rate*) for an 80% LVR and go up to 3.77% p.a. (3.79% 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.
Who it's 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.
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 December 2019. 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
-
3.12% p.a.
-
n/a
-
n/a
-
n/a
-
3.14% 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
Details
Rates and fees information correct as at 15 December 2019. 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
-
3.47% p.a.
-
n/a
-
n/a
-
n/a
-
3.49% 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
-
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
Details
Rates and fees information correct as at 15 December 2019. 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
-
3.12% p.a.
-
n/a
-
n/a
-
n/a
-
3.14% 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
-
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
Details
Rates and fees information correct as at 15 December 2019. 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
-
3.57% p.a.
-
n/a
-
n/a
-
n/a
-
3.59% 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
Details
Rates and fees information correct as at 15 December 2019. 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
-
3.77% p.a.
-
n/a
-
n/a
-
n/a
-
3.79% 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
-
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
Details
Rates and fees information correct as at 15 December 2019. 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
-
3.79% p.a.
-
n/a
-
n/a
-
n/a
-
3.81% 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
Customer Reviews
How are loans.com.au home loans rated by the Mozo community?
Latest reviews of loans.com.au Offset Variable
- Overall8/10
Transparent.
What you see is what you get. Straightforward, transparent.
Read full review
What you see is what you get. Straightforward, transparent.
Price8/10Features0/10Customer service7/10Convenience8/10Trust8/10Less
Sandra | New South Wales
reviewed 13 days ago
- Overall10/10
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...
Read 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.
Price10/10Features5/10Customer service10/10Convenience10/10Trust10/10Less
Dianne | Queensland
reviewed over 3 years ago
- Overall0/10
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...
Read 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.
Price5/10Features5/10Customer service0/10Convenience5/10Trust0/10Less
Irked off | New South Wales
reviewed over 3 years ago
- Overall7/10
The best rates with great online facility
The most competitive rates in the market, they have a very efficient and simple offset facility....
Read 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.
Price8/10Features7/10Customer service7/10Convenience7/10Trust7/10Less
Steve | Queensland
reviewed almost 4 years ago
- Overall8/10
Remarkable rates, adequate service
This was a straight refinance of investment properties. There were some issues along the way (~3...
Read full review
This was a straight refinance of investment properties. There were some issues along the way (~3 months to settlement), but I could see much of the delay was caused by my prior lender. The interest rate was easily 1% less than what I was paying elsewhere which is remarkable. After 4 months with them it's smooth sailing and great rates so I'd highly recommend these folks. But if you have a complicated or time-urgent settlement then this may not work for you.
Price10/10Features7/10Customer service6/10Convenience3/10Trust5/10Less
Bruce | Western Australia
reviewed about 4 years ago
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.
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