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loans.com.au Smart Home Loan

Advertiser disclosure

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

  • 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

Rate
2.73% p.a.
Comparison Rate
2.75% p.a.
Service fee
$0.00
Upfront fee
$520
Rate
3.04% p.a.
Comparison Rate
3.06% p.a.
Service fee
$0.00
Upfront fee
$520
Rate
3.04% p.a.
Comparison Rate
3.06% p.a.
Service fee
$0.00
Upfront fee
$520
Rate
3.24% p.a.
Comparison Rate
3.26% p.a.
Service fee
$0.00
Upfront fee
$520
Rate
2.99% p.a.
Comparison Rate
3.01% p.a.
Service fee
$0.00
Upfront fee
$520
Go to site
Rate
3.24% p.a.
Comparison Rate
3.26% p.a.
Service fee
$0.00
Upfront fee
$520
Go to site
Rate
3.44% p.a.
Comparison Rate
3.46% p.a.
Service fee
$0.00
Upfront fee
$520

Mozo editorial review loans.com.au Smart Home Loan - last updated: 18 May 2022

4.5 / 5
binocular icon
What's hot
  • Competitive variable rates from 2.73% p.a. (2.75% p.a. comparison rate*)
  • Extra repayments and redraws
  • Optional offset account
What's not
  • $520 in upfront fees
Mozo snapshot

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.


key icon
Key features

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.



snapshot
Who is it good for

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. 

question icon
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.


Picture of Tom Watson
Tom Watson
Finance journalist

Tom Watson worked as a financial journalist at Mozo from 2018 - March 2022. He specialised in fintech, property and business banking and kept our readers up to date with breaking Australian financial news. His work is often sourced in the media and across social media channels. Tom has a degree in Journalism from the University of Technology, Sydney. He is also ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 20 May 2022. 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

2.73% p.a.

n/a

n/a

n/a

2.75% 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

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.

Details

Rates and fees information correct as at 20 May 2022. 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

3.04% 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

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

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.

Details

Rates and fees information correct as at 20 May 2022. 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

3.04% 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

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

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.

Details

Rates and fees information correct as at 20 May 2022. 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

3.24% 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

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

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.

Details

Rates and fees information correct as at 20 May 2022. 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

2.99% 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

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

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.

Details

Rates and fees information correct as at 20 May 2022. 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

3.24% 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

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

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.

Details

Rates and fees information correct as at 20 May 2022. 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

3.44% p.a.

n/a

n/a

n/a

3.46% 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

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.

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About loans.com.au

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.