Nano home loans

Founded in 2019 and based in Sydney, Nano is a digital home loan lender with a mission to ‘reshape the financial services of the past with technology of the future’. That’s why they’ve endeavoured to create straightforward home loans for digitally-savvy borrowers who are looking for a choice beyond the major banks. Find out more about the home loans on offer with Nano below.

What home loans do Nano offer?

Rates and fees verified as correct at 04 August, 2021. Other information correct at the time of writing. Advertiser disclosure.

Variable Rate Home Loans

At present, Nano has one home loan product available to both owner occupier and investor borrowers: the Variable Home Loan. The loan can be used to borrow amounts ranging from as little as $100,000 all the way up to $2,500,000, as long as borrowers have a loan-to-value ratio (LVR) of 75% or under. As you can see from the table below the variable rates on offer are quite competitive, though they vary depending on the type of borrower you are (investor or owner occupier) and the type of repayments you’re looking to make (principal and interest or interest-only). For more details, check out the linked reviews in the table below.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments  

2.49% p.a.

2.17% p.a.

$0.00

$0

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1.99% p.a.

1.99% p.a.

$0.00

$0

Go to site

2.59% p.a.

2.40% p.a.

$0.00

$0

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2.29% p.a.

2.29% p.a.

$0.00

$0

Go to site

Nano home loan features in a glance

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Competitive interest rates 

If you’re up to date with the home loan market you’ll have noticed that the variable interest rates on the Nano Variable Home Loan are very sharp - in fact, they’re currently among the lowest in our database for both owner occupiers and investors. 

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Nano offset sub account

If you’re looking to reduce the amount of interest you’ll pay on your loan then an offset sub account is a feature to look out for. And guess what? Nano’s Variable Home Loan comes with exactly that and it doesn't cost extra. In fact, in addition to stashing funds in it, mortgage holders can also use the Nano offset sub account to make payments via the attached Nano Visa debit card. It also comes with the ability to use digital wallets Apple Pay and Google Pay.

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Zero fees

We’ve already mentioned the relatively low rates on offers, but borrowers who are looking to keep their mortgage costs down will also appreciate the fact that Nano's Variable Home Loan doesn't come with any upfront, ongoing or discharge fees. That’s pretty rare! 

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Digital application process

Like the sound of a faster, less complicated home loan application process? We don’t blame you. Well, Nano has made this a bit of a mission of theirs, meaning applicants can apply online (whether that’s from a desktop or smartphone), without the hassle of paperwork and get their loan approved in a matter of minutes, not weeks.

What do you need to apply for a Nano home loan?

As we mentioned above, Nano has a digital application process for its home loans. That means you won't need to scramble around for various paper documents and bits of information as Nano uses everything from 'automated property valuations',  'digital credit scores' and 'automatic retrieval of transaction data' to make the process simpler and faster. Of course the other thing to keep in mind is that you will need to have an LVR of at least 75%. That's at least a 25% deposit to put down. You will also need to have a good credit score and meet all Nano's eligibility criteria.

Home loan quick links