loans.com.au Smart Loan Fixed (Package)

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 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 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

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $50,000 $1,000,000

  • Owner Occupier (Interest Only)

    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

3.89% p.a.

3.93% p.a.

$0.00

loans.com.au Smart Loan Fixed (Package)

3.89% p.a.

3.93% p.a.

$0.00

4.44% p.a.

4.05% p.a.

$0.00

loans.com.au Smart Loan Fixed (Package)

4.44% p.a.

4.05% p.a.

$0.00

3.89% p.a.

4.21% p.a.

$0.00

loans.com.au Smart Loan Fixed (Package)

3.89% p.a.

4.21% p.a.

$0.00

4.64% p.a.

4.37% p.a.

$0.00

loans.com.au Smart Loan Fixed (Package)

4.64% p.a.

4.37% p.a.

$0.00

Mozo Review   loans.com.au Smart Loan Fixed (Package) Review

Last updated: 6 March 2019.

What's hot:
  • 2 year fixed rates from 3.89% p.a. (3.78% p.a. comparison rate*)

  • Free extra repayments up to $10,000 p.a.

  • No application fee

What's not:
  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesn’t go to full term.

Mozo snapshot:

If you’re looking for peace of mind by locking in a low rate home loan for 2 or 3 years, then the Smart Loan Fixed from online lender loans.com.au might just be the stepping stone to your dream home. It boasts a competitively low fixed interest rate, no application or ongoing fees and flexible repayment options, making it an attractive fixed home loan package for people who are concerned about future interest rate rises. The great news is when you package your owner-occupied and investment loans, you lock in the same low fixed rate for both.

Key features:

Simplicity comes to mind when thinking of loans.com.au Smart Loan Fixed Package home loan. A top pick for those looking to borrow less than $1,000,000, without ongoing fees, its super-low 2 year fixed rate at 3.89% p.a. (3.78% p.a. comparison rate*) and 3 year fixed rate of 3.99% p.a. (3.80% p.a. comparison rate*) means you’ll have security in knowing the rates are concrete for a fixed period.

Not to mention, the online application process could be as simple as three easy steps application, approval and settlement. As loans.com.au is based online, you’ll be given your very own loan specialist based in Australia and if you need any help with the application process they’ll support you over the phone or if you want to ask any quick questions, there’s also a live chat hub.

The Smart Loan Fixed Package has weekly, fortnightly and monthly repayment options to choose from. It also has a maximum Loan to Value Ratio (LVR) of 90% so you'll need to have at least a 10% down payment to qualify for the loan. And although the Smart Loan Fixed Package doesn’t have an offset account, you can make free extra repayments up to $10,000 p.a.

There are no application or ongoing service fees, but you will be charged a $300 discharge fee once you pay off your loan and a $250 discharge documentation fee if the loan doesn’t go to full term. Plus, budget for the upfront valuation and settlement fees.

Who it's good for:

As a fixed rate home loan, the Smart Loan Fixed Package is great for people who are after the peace of mind of a 2-3 year locked in interest rate. Plus, this is a particularly good loan option if you’re a first home buyer as you’ll only need to pay a 10% deposit, just remember for LVR’s over 80% you’ll need to pay lenders mortgage insurance.

Any catches?

If you’re making use of the free extra repayments feature, be aware of the $250 discharge documentation fee applicable if the loan doesn’t go to full term.

Details

Rates and fees information correct as at 25 April 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • (*)

  • 3.79% (3.92%*)

  • 3.89% (3.93%*)

  • (*)

  • (*)

  • (*)

  • (*)

  • 3.72% p.a.

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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 25 April 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • (*)

  • 4.14% (3.97%*)

  • 4.44% (4.05%*)

  • (*)

  • (*)

  • (*)

  • (*)

  • 3.72% p.a.

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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 25 April 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • (*)

  • 3.79% (4.22%*)

  • 3.89% (4.21%*)

  • (*)

  • (*)

  • (*)

  • (*)

  • 4.37% p.a.

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • Investment loan must be packaged with Owner Occupied to receive discounted rates. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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 25 April 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
  • p.a.

  • p.a.

  • 0 Months

  • none

  • (*)

  • 4.48% (4.32%*)

  • 4.64% (4.37%*)

  • (*)

  • (*)

  • (*)

  • (*)

  • 4.37% p.a.

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • Investment loan must be packaged with Owner Occupied to receive discounted rates. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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.

Customer Reviews

How are loans.com.au home loans rated by the Mozo community?

Overall customer rating
8.2/10
Price
9.1/10
Features
8.2/10
Customer service
7.9/10
Convenience
7.3/10
Trust
7.7/10
loans.com.au

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.

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