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 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 $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 90%
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 |
| | Owner Occupier | Principal & Interest | 80%-90% | $50,000 | $1,000,000 |
| | Owner Occupier | Interest Only | < 80% | $50,000 | $1,000,000 |
| | Investor | Principal & Interest | 80%-90% | $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
Owner Occupier (Principal & Interest)
LVR 80%-90%
Loan: $50,000 $1,000,000
Owner Occupier (Interest Only)
LVR < 80%
Loan: $50,000 $1,000,000
Investor (Principal & Interest)
LVR 80%-90%
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 2.48% p.a. (2.50% 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 2.48% p.a. (2.50% p.a. comparison rate*). That's if you have a minimum loan to value ratio (LVR) of 80% - at least a 20% deposit or equity in your home. For loans with LVRs between 80-90%, the rate rises to 2.79% p.a. (2.81% p.a. comparison rate*)
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.
Plus, if you're after an offset account there's the option to add one - just with an additional 0.10% on your interest rate.
And with investment rates of 2.74% p.a. (2.76% 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.
2.48% p.a.
n/a
n/a
n/a
2.50% 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
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.
2.79% p.a.
n/a
n/a
n/a
2.81% 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
80.00%
90.00%
Owner Occupier
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.
2.79% p.a.
n/a
n/a
n/a
2.81% 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
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.
3.09% p.a.
n/a
n/a
n/a
3.11% 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
80.00%
90.00%
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.
2.74% p.a.
n/a
n/a
n/a
2.76% 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
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.
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
$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
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.
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.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
loans.com.au
Smart Booster Investor Bundle
1.99% p.a.variable for 12 months and then 2.74% p.a.
2.71% p.a.
$0.00
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
Bank of Queensland
Economy
2.59% p.a.
2.76% p.a.
Bank of Queensland
Fixed Rate
2.09% p.a.
fixed 3 years
3.01% p.a.
People's Choice Credit Union
Fixed Rate Home Loan (Package)
1.99% p.a.
fixed 3 years
3.64% p.a.
loans.com.au
Smart Booster Home Loan
1.99% p.a.variable for 12 months and then 2.48% p.a.
2.47% p.a.
$0.00
Yard
Variable Home Loan Special
2.09% p.a.
2.12% p.a.
$0.00
GMCU
Basic Variable
2.33% p.a.variable for 24 months and then 3.82% p.a.
3.71% p.a.
$8.00 monthly
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.
