Rates and fees verified as correct at 16 April, 2021. Other information correct at the time of writing. Advertiser disclosure.
loans.com.au has two fixed home loans for owner occupier and investors to choose from. Terms range from 2 to 3 years, and you’ll be able to borrow between $50,000 and $1,000,000. The fixed loan offers are also packed with heaps of great features including interest only payments (up to 5 years), a split loan facility and a rate lock feature. Plus you can make extra repayments during the fixed rate period of up to $10,000 p.a. to reduce the term of your loan and total interest paid. What’s more, you won’t need to pay any ongoing service fees.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments | |
|---|---|---|---|---|---|---|
| 3.28% p.a. | 2.98% p.a. | $0.00 | $520 | |||
| 2.88% p.a. | 2.89% p.a. | $0.00 | $520 | Go to site | ||
| 1.99% p.a. | 2.70% p.a. | $0.00 | $520 | Go to site | ||
| 3.48% p.a. | 3.12% p.a. | $0.00 | $520 | |||
| 3.08% p.a. | 3.03% p.a. | $0.00 | $520 | |||
| p.a. | n/a | $0.00 | $520 |
loans.com.au's variable loans allow for extra repayments, unlimited free redraws and a choice of principal and interest or interest only payments for up to 5 years. The Smart Booster and Smart Home Loan options come with the option to access an offset account for an additional 0.10% in interest. This means you can offset the interest owed on your home loan by keeping funds in your offset account and only drawing down when you need to.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments | |
|---|---|---|---|---|---|---|
| 1.99% p.a.variable for 12 months and then 2.48% p.a. | 2.47% p.a. | $0.00 | $520 | Go to site | ||
| 2.09% p.a.variable for 24 months and then 2.79% p.a. | 2.71% p.a. | $0.00 | $520 | Go to site | ||
| 2.79% p.a. | 2.81% p.a. | $0.00 | $520 | |||
| 2.48% p.a. | 2.50% p.a. | $0.00 | $520 | Go to site | ||
| 2.79% p.a. | 2.81% p.a. | $0.00 | $520 | |||
| 2.73% p.a. | 2.75% p.a. | $0.00 | $520 | Go to site | ||
| 1.99% p.a.variable for 12 months and then 2.74% p.a. | 2.71% p.a. | $0.00 | $520 | Go to site | ||
| 1.99% p.a.variable for 12 months and then 2.74% p.a. | 2.71% p.a. | $0.00 | $520 | Go to site | ||
| 3.19% p.a. | 3.21% p.a. | $0.00 | $520 | |||
| 2.99% p.a. | 3.01% p.a. | $0.00 | $520 | Go to site | ||
| 2.74% p.a. | 2.76% p.a. | $0.00 | $520 | Go to site | ||
| 2.99% p.a. | 3.01% p.a. | $0.00 | $520 |
You can apply and manage your loans.com.au home loan from the comfort of your couch. Once your online application is completed, you’ll be assigned your own personal lending manager and support officer to carry you through the whole process until settlement. Easy peasy!
Say sayonara to any application or ongoing monthly service fees when you choose a fixed or variable rate home loan with loans.com.au.
When you apply for loans.com.au’s Offset Variable loan, you’ll be issued with a linked Visa debit card which you can use to access the funds in your offset account on a 24/7 basis and wherever Visa is accepted worldwide.
loans.com.au’s variable rate home loans allow for unlimited free redraws to access any additional repayments you’ve made. There is no minimum withdrawal.
Mozo users have rated loans.com.au home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
662 Reviews
Very quick online process. Efficient and helpful when communicating with them. Once loan set up, the app is easy to use. Very competitive rates.
Read full reviewVery quick online process. Efficient and helpful when communicating with them. Once loan set up, the app is easy to use. Very competitive rates.
No Care, no responsibility approach. I refinanced three investment properties. The web based portal never worked until after settlement for two properties. There is still $1,200 in loans.com fees which I am in dispute over(apparently a settlement fee which is not advertised and verbally told at the start would only be applicable for one property being three properties will settle at once); the person who is collecting information would not listen and often provided incorrect information and requests (which was sorted out by the representative after more telephone calls, but delayed settlment) I submitted a review and it has still not appeared on the website (its been 3 days so far - how many poor reviews exist for them?) The interest rates promoted on the web are lower than what I am paying now (for a variable interest only loan). In summary, Don't chase the lowest rate with these guys; you will be disappointed with the service. And yes, they don't reward existing customers by passing on lower rates.
Read full reviewNo Care, no responsibility approach. I refinanced three investment properties. The web based portal never worked until after settlement for two properties. There is still $1,200 in loans.com fees which I am in dispute over(apparently a settlement fee which is not advertised and verbally told at the start would only be applicable for one property being three properties will settle at once); the person who is collecting information would not listen and often provided incorrect information and requests (which was sorted out by the representative after more telephone calls, but delayed settlment) I submitted a review and it has still not appeared on the website (its been 3 days so far - how many poor reviews exist for them?) The interest rates promoted on the web are lower than what I am paying now (for a variable interest only loan). In summary, Don't chase the lowest rate with these guys; you will be disappointed with the service. And yes, they don't reward existing customers by passing on lower rates.
From start to finish, it has been a nightmare. I refinanced three investment properties and I needed to constantly keep an eye on what was going on - the web based portal never worked until after settlement for two properties, so there was always a string of phone calls which you need to book a time to touch base with your representative; there is still $1,200 in fees which I am in dispute over - no-one has got back to me (apparently a settlement fee which is not advertised and verbally told at the start would only be applicable for one property being three properties will settle at once); the person who is collecting information would not listen and often provided incorrect information and requests (which was sorted out by the representative after more telephone calls, but delayed settlment); I submitted a review and it has still not appeared on the website (its been 3 days so far - how many poor reviews exist for them?) The interest rates promoted on the web are lower than what I am paying now (for a variable interest only loan). In summary, you pay for what you get - don't chase the lowest rate with these guys; you will be disappointed with the service. And yes, they don't reward existing customers by passing on lower rates.
Read full reviewFrom start to finish, it has been a nightmare. I refinanced three investment properties and I needed to constantly keep an eye on what was going on - the web based portal never worked until after settlement for two properties, so there was always a string of phone calls which you need to book a time to touch base with your representative; there is still $1,200 in fees which I am in dispute over - no-one has got back to me (apparently a settlement fee which is not advertised and verbally told at the start would only be applicable for one property being three properties will settle at once); the person who is collecting information would not listen and often provided incorrect information and requests (which was sorted out by the representative after more telephone calls, but delayed settlment); I submitted a review and it has still not appeared on the website (its been 3 days so far - how many poor reviews exist for them?) The interest rates promoted on the web are lower than what I am paying now (for a variable interest only loan). In summary, you pay for what you get - don't chase the lowest rate with these guys; you will be disappointed with the service. And yes, they don't reward existing customers by passing on lower rates.
I love this bank, very easy to talk to, they offer compassion and explain things that ordinary people understand.
Read full reviewI love this bank, very easy to talk to, they offer compassion and explain things that ordinary people understand.
I do not normally write reviews but I have been with loans.com.au for over 5 years and in that time my rate is now about 1% higher than their advertised rate. They do not care about existing customers and their business model is bait and switch. Please beware! I will now be refinancing! Avoid this lender as there are many better online lenders out there.
Read full reviewI do not normally write reviews but I have been with loans.com.au for over 5 years and in that time my rate is now about 1% higher than their advertised rate. They do not care about existing customers and their business model is bait and switch. Please beware! I will now be refinancing! Avoid this lender as there are many better online lenders out there.
To apply for a loans.com.au home loan you will need to fill in an online application form. Once completed you’ll be invited to book an appointment with a lending manager to finalise your application.
Here is a checklist of what details you may need handy to successfully complete your application:
