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 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 | < 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)
LVR < 80%
Loan: $50,000 $1,000,000
Investor (Interest Only)
LVR < 80%
Loan: $50,000 $1,000,000
At 2.57% p.a. (2.59% 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 fee, 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.
Borrowers will also be pleased to know that the Smart Home Loan took out two 2020 Mozo Experts Choice Awards - for Best Low Cost Home Loan and Best Investor Home Loan.
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 2.57% p.a. (2.59% p.a. comparison rate*). That's if you have a minimum loan to value ratio of 80% - at least a 20% deposit or equity in your home.
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 2.94% p.a. (2.96% 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.
There are some upfront fees to pay with the Smart Home Loan including a $220 valuation fee and a $300 loan settlement fee.
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.
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.
2.57% p.a.
n/a
n/a
n/a
2.59% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$220.00
$300.00
n/a
$0.00
$0.00
$50,000
$1,000,000
none
80.00%
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
2.94% p.a.
n/a
n/a
n/a
2.96% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$220.00
$300.00
n/a
$0.00
$0.00
$50,000
$1,000,000
none
80.00%
Investor
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
3.29% p.a.
n/a
n/a
n/a
3.31% p.a.
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
$0.00
$0.00
$220.00
$300.00
n/a
$0.00
$0.00
$50,000
$1,000,000
none
80.00%
Investor
Interest Only
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
Easy to work with and a great interest rate.
Read full reviewEasy to work with and a great interest rate.
They have bad communication and faulty IT systems. They Increased rates out of cycle of RBA and give higher rates for existing customers. Look elsewhere for lenders.
Read full reviewThey have bad communication and faulty IT systems. They Increased rates out of cycle of RBA and give higher rates for existing customers. Look elsewhere for lenders.
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.
Read full reviewThey 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.
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
loans.com.au
Smart Booster Discount Variable Home Loan
1.99% p.a.variable for 12 months and then 2.57% p.a.
2.55% p.a.
$0.00
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Smart Booster Discount Variable Home Loan
1.99% p.a.variable for 12 months and then 2.57% p.a. variable
2.55% p.a.
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Suncorp
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2.49% p.a.
fixed 3 years
3.31% p.a.
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2.35% p.a.
fixed 3 years
3.44% p.a.
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Smart Booster Discount Variable Home Loan
1.99% p.a.variable for 12 months and then 2.57% p.a. variable
2.55% p.a.
Promoted
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Economy
2.69% p.a.
2.86% p.a.
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2.49% p.a.
fixed 3 years
3.31% p.a.
Promoted
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Fixed Rate Home Loan (Premium Plus Package)
2.39% p.a.
fixed 3 years
3.66% p.a.
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Fixed Rate Home Loan (Package)
2.29% p.a.
fixed 3 years
3.72% p.a.
Promoted
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Variable Home Loan Winter Special
2.39% p.a.
2.42% p.a.
$0.00
Promoted
loans.com.au
Smart Booster Discount Variable Home Loan
1.99% p.a.variable for 12 months and then 2.57% p.a.
2.55% p.a.
$0.00