loans.com.au home loans

loans.com.au
loans.com.au's overall rating for home loans

(as rated by the Mozo community)

8.1 / 10

based on 653 reviews

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 has been frequently recognised for the excellent value provided by its home loan products - most recently taking out the Best New Feature Award in the 2019 Mozo Experts Choice Awards for the ZIP Debit Card which is an optional extra with the ZIP Home Loan.

Rates and fees verified as correct at 20 October, 2020. Other information correct at the time of writing.

What home loans do loans.com.au offer?

Fixed Rate Home Loans Fixed Rate Home Loans

loans.com.au has two fixed home loans from which you can choose depending on whether you’re an owner occupier or investor. The fixed rate is available on loans starting from $50,000 (up to a maximum of $1,000,000) and you can choose between 1, 2 or 3 year terms. loans.com.au’s fixed loan is packed with heaps of great features including interest only payments (up to 5 years), a split loan facility and a rate lock feature- and you won’t even need to pay any ongoing service fees! 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 what you pay in interest.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡  

3.48% p.a.

3.12% p.a.

$0.00

$520

3.08% p.a.

3.03% p.a.

$0.00

$520

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

p.a.

n/a

$0.00

$520

p.a.

n/a

$0.00

$520

Go to site

Hide

Variable Rate Home Loans Variable Rate Home Loans

From the Essentials Variable which is a no frills, basic home loan to the Offset Variable which is available for loans up to $2,0000,000, loans.com.au’s variable rate home loans are suited to both owner occupiers and investors. 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 Offset Variable option has an offset account and a linked Visa debit card which can be used for purchases and cash withdrawals wherever Visa is accepted globally. This means you can offset the interest in your home loan by adding funds to your offset account and only drawing down when you need to.

Home loan repayments calculator
years
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

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

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

2.79% p.a.

2.81% p.a.

$0.00

$520

2.48% p.a.

2.50% p.a.

$0.00

$520

Go to site

3.09% p.a.

3.11% p.a.

$0.00

$520

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

Hide

*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.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

loans.com.au home loan features in a glance

100% online100% online

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!

No application or monthly feesNo application or monthly fees

Say sayonara to any application or ongoing monthly service fees when you choose a fixed or variable rate home loan with loans.com.au.

Visa debit cardVisa debit card

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.

Free redrawFree redraw

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.

How are loans.com.au home loans rated?

You already know what our experts think, now head on over to our review page to see how real loans.com.au customers rated their home loans on everything from price and features to convenience and customer service. 

loans.com.au home loans
#{sprintf('%.1f', ppt.send(col))}

Overall 8.1

#{sprintf('%.1f', ppt.send(col))}

Price

#{sprintf('%.1f', ppt.send(col))}

Features

#{sprintf('%.1f', ppt.send(col))}

Customer service

#{sprintf('%.1f', ppt.send(col))}

Convenience

#{sprintf('%.1f', ppt.send(col))}

Trust

653 Reviews

Recent loans.com.au home loan reviews Recent loans.com.au home loan reviews

loans.com.au

loans.com.au Essentials Variable review

Overall rating   2 / 10

Feel cheated

Hooked up to that loan for the advertised rate than our rate was lifted to higher than anyone else. They still get away with it surprisingly.

Full review

Hooked up to that loan for the advertised rate than our rate was lifted to higher than anyone else. They still get away with it surprisingly.

    Price   1 / 10

    Features   1 / 10

    Customer service   1 / 10

    Convenience   1 / 10

    Trust   2 / 10

Less

Bob, Queensland, reviewed 18 days ago

loans.com.au

loans.com.au Smart Home Loan review

Overall rating   10 / 10

Quick easy and cheap

Quick and easy finance and competitive interest rates.

Full review

Quick and easy finance and competitive interest rates.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Daniel, New South Wales, reviewed about 2 months ago

loans.com.au

loans.com.au Offset Variable review

Overall rating   0 / 10

Zero care for loyal customers.

I've been with loans.com.au for over 5 years, with 3 mortgages & approximately $200k in savings. Over that time they've snuck the rate up on us to 1% above their advertised rate. When we rang them about it, they said someone would call us back...

Full review

I've been with loans.com.au for over 5 years, with 3 mortgages & approximately $200k in savings. Over that time they've snuck the rate up on us to 1% above their advertised rate. When we rang them about it, they said someone would call us back within 5 working days. Still no word after a fortnight, they obviously don't care about retaining our business so we're moving our loans elsewhere. Good riddance.

    Price   0 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Shirley, Western Australia, reviewed 4 months ago

loans.com.au

loans.com.au Offset Variable review

Overall rating   1 / 10

Not what they seem

Don’t believe the hype. They will promise you a great deal but won’t deliver. There are far better providers out there.

Full review

Don’t believe the hype. They will promise you a great deal but won’t deliver. There are far better providers out there.

    Price   5 / 10

    Features   2 / 10

    Customer service   0 / 10

    Convenience   3 / 10

    Trust   1 / 10

Less

Jon, Queensland, reviewed 4 months ago

loans.com.au

loans.com.au Offset Variable review

Overall rating   1 / 10

Bad customer service.

Once you are with them, you cant negotiate. Not friendly at all.

Full review

Once you are with them, you cant negotiate. Not friendly at all.

    Price   2 / 10

    Features   2 / 10

    Customer service   1 / 10

    Convenience   0 / 10

    Trust   1 / 10

Less

Ano, Victoria, reviewed 4 months ago

Hide reviews

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

What do you need to apply for a loans.com.au home loan? What do you need to apply for a loans.com.au home loan?

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: 

  • Personal details
  • Contact details including valid email address
  • Loan details such as purpose of loan, borrowing amount, estimated property value and intended property usage
  • Income including annual salary before tax, records of other source of income (e.g. rent) etc.
  • Liabilities such as existing loans and credit cards
  • Monthly living expenses (i.e. general, education, childcare and private health cover).
Hide

More helpful home loan quick links