loans.com.au Smart Home Loan
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 $1,000,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest, interest only loan between $50,000 and $1,000,000 with an LVR below 80%
The details shown below are for an investor taking out a interest only loan between $50,000 and $1,000,000 with an LVR below 80%
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 | $1,000,000 |
|
|
Investor | Principal & Interest, Interest Only | < 80% | $50,000 | $1,000,000 |
|
|
Investor | Interest Only | < 80% | $50,000 | $1,000,000 |
-
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $50,000 $1,000,000
-
Investor (Principal & Interest, Interest Only)
LVR < 80%
Loan: $50,000 $1,000,000
-
Investor (Interest Only)
LVR < 80%
Loan: $50,000 $1,000,000
loans.com.au Smart Home Loan
loans.com.au Smart Home Loan
loans.com.au Smart Home Loan
Mozo Review loans.com.au Smart Home Loan Review
Last updated: 17 October 2019.
What's hot:
Competitive 2.88% p.a. (2.90% p.a. comparison rate)
No application or ongoing fees
Redraw facility available
What's not:
$150 late payment fee
Mozo snapshot:
At 2.88% p.a. (2.90% comparison rate), the Smart Home Loan by innovative online lender loans.com.au has one of the lowest variable rates currently in the market. It has a free redraw facility, and with no application fees, flexible repayment options and the option to split your loan between fixed and variable rates, you’ll be on the hunt for your new house in no time. It is available for loans up to $1 million and best suited to owner occupier borrowers who are in the market for a new home to live in or refinance.
Key features:
The Smart Home Loan is a basic home loan with all the right features, no ongoing fees and, you can apply today and score a competitive interest rate of 2.88% p.a. (2.90% p.a. comparison rate*). It does have a minimum loan to value ratio of 80% so you’ll need at least a 20% deposit or equity in your home to qualify.
You can choose between weekly, fortnightly or monthly loan repayments. If you are looking pay off your mortgage fast, you’ll be happy to know
that this home loan allows free extra repayments. It also comes with a free redraw facility so if you need some of that money back at some point down the track to pay for other household expenses you can easily retrieve it, and there is no minimum redraw amount.
And with investment rates of 3.19% p.a. (3.21% p.a. comparison rate*), plus all the perks that are offered to owner occupiers, anyone looking to add to their investment portfolio will also enjoy what's on offer.
The Smart Home Loan has no application, service, legal or valuation fees to eat into your budget but you will need to pay a $300 loan settlement fee.
Who it's good for:
The Smart Home Loan is a great option for owner-occupiers looking to borrow less than $1,000,000, without having to pay excess fees.
Any catches?
While loans.com.au gives you the flexibility to choose your repayment frequency, it's still a good idea to set up an automatic direct deposit so that your loan repayments are made on time. If you do miss a due date, there is a $150 late payment fee.
Details
Rates and fees information correct as at 13 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
-
2.88% p.a.
-
n/a
-
n/a
-
n/a
-
2.90% 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
-
none
-
80.00%
Features
-
Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$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 13 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
-
3.19% p.a.
-
n/a
-
n/a
-
n/a
-
3.21% 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
-
none
-
80.00%
Features
-
Investor
-
Principal & Interest, Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$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 13 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
-
3.39% p.a.
-
n/a
-
n/a
-
n/a
-
3.41% 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
-
none
-
80.00%
Features
-
Investor
-
Interest Only
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$0.00
-
yes
-
no
-
$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 review of loans.com.au Smart Home Loan
-
Overall10/10
Both their rates and service are amazing
They have excellent service and great rates. They are 0.37% lower than my previous lender and...
Read full review
They have excellent service and great rates. They are 0.37% lower than my previous lender and they passed on the rate cut in full both times.
Price10/10Features0/10Customer service10/10Convenience10/10Trust10/10Less
Michael | New South Wales
reviewed 4 months 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.
Promoted
Well Home Loans
Well Balanced
2.82% p.a. variable
2.86% p.a.
$785
Promoted
Queensland Country Credit Union
RateSaver (Fixed)
3.49% p.a.
fixed 3 years
3.90% p.a.
$500
Promoted
IMB Bank
Budget Home Loan
3.13% p.a. variable
3.19% p.a.
$799
Promoted
Well Home Loans
Well Balanced
2.82% p.a. variable
2.86% p.a.
$785
Promoted
Easy Street
Standard Variable Home Loan
2.95% p.a. variable
2.99% p.a.
$500
Promoted
Newcastle Permanent
Real Deal Home Loan
3.19% p.a.
3.23% p.a.
$0
Promoted
loans.com.au
Fixed Home Loan
2.99% p.a.
fixed 3 years
3.27% p.a.
$520
Promoted
Queensland Country Credit Union
RateSaver (Fixed)
3.49% p.a.
fixed 3 years
3.90% p.a.
$500
Promoted
Well Home Loans
Well Balanced Fixed
2.74% p.a.
fixed 3 years
2.84% p.a.
$785
Promoted
IMB Bank
Fixed Home Loan
2.84% p.a.
fixed 3 years
3.44% p.a.
$799
Promoted
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.89% p.a.
fixed 3 years
3.96% p.a.
$0
