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 principal & interest loan between $50,000 and $1,000,000 with an LVR below 90%
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 investor 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 interest only 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 | |
|---|---|---|---|---|---|
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Owner Occupier | Principal & Interest | < 80% | $50,000 | $2,000,000 |
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Owner Occupier | Principal & Interest | 80%-90% | $50,000 | $1,000,000 |
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Owner Occupier | Interest Only | < 80% | $50,000 | $2,000,000 |
|
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Investor | Principal & Interest | 80%-90% | $50,000 | $1,000,000 |
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Investor | Principal & Interest | < 80% | $50,000 | $2,000,000 |
|
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Investor | Interest Only | < 80% | $50,000 | $2,000,000 |
|
|
Investor | Interest Only | 80%-90% | $50,000 | $1,000,000 |
Owner Occupier (Principal & Interest)
LVR < 80%
Loan: $50,000 $2,000,000
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $50,000 $1,000,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $50,000 $2,000,000
Investor (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 (Interest Only)
LVR 80%-90%
Loan: $50,000 $1,000,000
With variable rates starting at 2.73% p.a. (2.75% p.a. comparison rate*), the Smart Home Loan by innovative online lender loans.com.au could present a relatively low cost option for owner occupiers and investors alike. Plus with free extra repayments, redraws and an optional offset account, it also comes equipped with features to help borrowers pay off their loans faster, or for less.
The Smart Home Loan is a basic home loan with competitive variable interest rates starting from 2.73% p.a. (2.75% p.a. comparison rate*) for owner occupiers with maximum loan-to-value ratio (LVR) of 80% - at least a 20% deposit or equity in your home.
If you are looking pay off your mortgage fast, you’ll be happy to know
that this home loan allows free extra repayments, plus it also comes with a free redraw facility so if you need some of those additional repayments back at some point down the track you can easily retrieve them.
Borrowers will also be able to choose between making weekly, fortnightly or monthly repayments, plus if you're after an offset account, there's the option to add one for an additional 0.10% interest loading.
There are some upfront fees to consider with the Smart Home Loan though, including a $220 valuation fee and a $300 loan settlement fee.
The Smart Home Loan could be a great option for owner occupiers or investors looking to for a relatively sharp variable rate and a number of extra features.
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.
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2.73% p.a. |
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n/a |
|
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n/a |
|
|
n/a |
|
|
2.75% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
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$0.00 |
|
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$220.00 |
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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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$2,000,000 |
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none |
|
|
80.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
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yes - free |
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|
no |
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yes - free |
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$0.00 |
|
|
yes |
|
|
Optional - with 0.10% additional interest |
|
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$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.
|
3.04% p.a. |
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|
n/a |
|
|
n/a |
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n/a |
|
|
3.06% p.a. |
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|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
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$0.00 |
|
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$220.00 |
|
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$300.00 |
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n/a |
|
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$0.00 |
|
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$0.00 |
|
$50,000 |
|
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$1,000,000 |
|
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80.00% |
|
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90.00% |
|
Owner Occupier |
|
|
Principal & Interest |
|
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Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
Optional - with 0.10% additional interest |
|
|
$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.
|
3.04% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.06% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
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$0.00 |
|
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$220.00 |
|
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$300.00 |
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n/a |
|
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$0.00 |
|
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$0.00 |
|
$50,000 |
|
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$2,000,000 |
|
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none |
|
|
80.00% |
|
Owner Occupier |
|
|
Interest Only |
|
|
Monthly |
|
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yes - free |
|
|
no |
|
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yes - free |
|
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$0.00 |
|
|
yes |
|
|
Optional - with 0.10% additional interest |
|
|
$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.
|
3.24% p.a. |
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n/a |
|
|
n/a |
|
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n/a |
|
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3.26% p.a. |
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|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
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$0.00 |
|
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$220.00 |
|
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$300.00 |
|
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n/a |
|
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$0.00 |
|
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$0.00 |
|
$50,000 |
|
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$1,000,000 |
|
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80.00% |
|
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90.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
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yes - free |
|
|
no |
|
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yes - free |
|
|
$0.00 |
|
|
yes |
|
|
Optional - with 0.10% additional interest |
|
|
$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.
|
2.99% p.a. |
|
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n/a |
|
|
n/a |
|
|
n/a |
|
|
3.01% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
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$220.00 |
|
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$300.00 |
|
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n/a |
|
|
$0.00 |
|
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$0.00 |
|
$50,000 |
|
|
$2,000,000 |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Principal & Interest |
|
|
Weekly, Fortnightly, Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
Optional - with 0.10% additional interest |
|
|
$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.
|
3.24% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
3.26% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
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$0.00 |
|
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$220.00 |
|
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$300.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$50,000 |
|
|
$2,000,000 |
|
|
none |
|
|
80.00% |
|
Investor |
|
|
Interest Only |
|
|
Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
Optional - with 0.10% additional interest |
|
|
$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.
|
3.44% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
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3.46% p.a. |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
|
n/a |
|
$0.00 |
|
|
$0.00 |
|
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$220.00 |
|
|
$300.00 |
|
|
n/a |
|
|
$0.00 |
|
|
$0.00 |
|
$50,000 |
|
|
$1,000,000 |
|
|
80.00% |
|
|
90.00% |
|
Investor |
|
|
Interest Only |
|
|
Monthly |
|
|
yes - free |
|
|
no |
|
|
yes - free |
|
|
$0.00 |
|
|
yes |
|
|
Optional - with 0.10% additional interest |
|
|
$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.
Unfortunately the settlements team lets this financial institute down, like many settlement teams they hide behind the front row workers and when there is an issue the settlement team run for it, how many of us (clients) have been able to actually speak to management in the settlements team? We have had two now failed settlements going for a third tomorrow! That is how much trust we have in loans.com. These are fully approved loans with no conditions attached! Have put in a complaint but even then they do not seem to have a standard complaints procedure. Guess more will be revealed tomorrow, good luck to those who use loans.com com - I think if you have a really simple loan you might be ok, otherwise would not recommend. Loans.com were recommended to us, and seemed OK but now there's no way could recommend them. Without loans.com settlement we cannot purchase our property next week which is unconditional, so we have no idea what we are going to do as it is not as if the money is not there. It is all about loans.com settlements sorting out details with other financial institutions to ensure settlement occurs, and not hiding behind the frontline workers.
Read full reviewUnfortunately the settlements team lets this financial institute down, like many settlement teams they hide behind the front row workers and when there is an issue the settlement team run for it, how many of us (clients) have been able to actually speak to management in the settlements team? We have had two now failed settlements going for a third tomorrow! That is how much trust we have in loans.com. These are fully approved loans with no conditions attached! Have put in a complaint but even then they do not seem to have a standard complaints procedure. Guess more will be revealed tomorrow, good luck to those who use loans.com com - I think if you have a really simple loan you might be ok, otherwise would not recommend. Loans.com were recommended to us, and seemed OK but now there's no way could recommend them. Without loans.com settlement we cannot purchase our property next week which is unconditional, so we have no idea what we are going to do as it is not as if the money is not there. It is all about loans.com settlements sorting out details with other financial institutions to ensure settlement occurs, and not hiding behind the frontline workers.
Quick and easy finance and competitive interest rates.
Read full reviewQuick and easy finance and competitive interest rates.
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.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a.
2.46% p.a.
$0.00
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a. variable
2.46% p.a.
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.69% p.a. variable
3.10% p.a.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a. variable
2.46% p.a.
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.69% p.a. variable
3.10% p.a.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a.
2.46% p.a.
Qudos Bank
Fixed Rate Home Loan
4.19% p.a.
fixed 3 years
2.92% p.a.
Heritage Bank
Fixed Rate Loan (Home Advantage)
4.49% p.a.
fixed 3 years
3.32% p.a.
loans.com.au
Smart Booster Home Loan
2.10% p.a.variable for 24 months and then 2.50% p.a.
2.46% p.a.
$0.00
Newcastle Permanent
Variable Home Loan (Premium Plus Package)
2.69% p.a.
3.10% p.a.
$395.00 yearly
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.
