based on 3 Nano banking product reviews as rated by Mozo community

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.

Don't forget Nano took home two awards in the 2022 Mozo Experts Choice Awards, winning in the Best New Home Loan and Low Cost Home Loan categories.

What home loans do Nano offer?

Rates and fees verified as correct at 18 August 2022. 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

4.39% p.a.

4.09% p.a.

$0.00

$0

3.89% p.a.

3.89% p.a.

$0.00

$0

4.49% p.a.

4.31% p.a.

$0.00

$0

4.19% p.a.

4.19% p.a.

$0.00

$0

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.

How are Nano home loans rated?

Mozo users have rated Nano home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

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Nano home loans
Overall
Price
Features
Customer service
Convenience
Trust

3 Reviews

Recent Nano home loan reviews

Nano Home Loan
Overall 10/10
Financing A Car Is Harder!!

We refinanced to Nano 2021, and seriously, the fully digital online process could not have been any easier, and you can do it on your mobile phone. Financing a car is harder. This company represents the way all loan processes should be done. Thanks to Nano we refinanced, headache-free and are now on a great rate with free offset, and no fees, this lender ticks all the boxes. Communication, support and a dedicated team are ready to assist you, highly recommend them.

Read full review

We refinanced to Nano 2021, and seriously, the fully digital online process could not have been any easier, and you can do it on your mobile phone. Financing a car is harder. This company represents the way all loan processes should be done. Thanks to Nano we refinanced, headache-free and are now on a great rate with free offset, and no fees, this lender ticks all the boxes. Communication, support and a dedicated team are ready to assist you, highly recommend them.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Gen, Queensland, reviewed about 2 months ago
Nano Variable Home Loan
Overall 10/10
Unbeatable rates, excellent customer service

I have been with Nano almost since their inception. The whole approval process was smooth, fast and easy. For a small provider, the customer service has been exceptional right from the application time. The offset sub account is a brilliant feature. The single (amazing) rate for new borrowers and existing borrowers is also excellent. I wouldn't hesitate to recommend Nano to new borrowers. If you want the best low rates, a convenient and easy to use mobile app, Apple/Google pay, an offset sub account linked to your mortgage, Instant payments via NPP to any bank account, BPAY etc. then look no further. This is hands down the best offer you can get.

Read full review

I have been with Nano almost since their inception. The whole approval process was smooth, fast and easy. For a small provider, the customer service has been exceptional right from the application time. The offset sub account is a brilliant feature. The single (amazing) rate for new borrowers and existing borrowers is also excellent. I wouldn't hesitate to recommend Nano to new borrowers. If you want the best low rates, a convenient and easy to use mobile app, Apple/Google pay, an offset sub account linked to your mortgage, Instant payments via NPP to any bank account, BPAY etc. then look no further. This is hands down the best offer you can get.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Easwar, New South Wales, reviewed 6 months ago
Nano Home Loan
Overall 10/10
A very easy and efficient loan application process

In August 2021, we were approached by the Bank of Melbourne (BOM) to submit a home loan refinancing application. After five weeks of communication with the lending officer, where paperwork and documents were requested and provided, the bank was unable to provide us with an answer. As owners of small company, it was clear that the BOM found it difficult to adequately assess our credit worthiness on the basis that the most recent company tax return had not been filed (as well as other small issues). The fact that we were not the standard PAYG income earners the BOM was accustomed to was simply too much for the bank to handle. This is despite the fact that the refinancing amount was fairly modest, the LVR was 20% and our combined income could service a much much larger loan. By the end of October we still did not receive an answer from the BOM. And then I discovered Nano via a web search. The application process was seamless and we had conditional approval within 20 minutes. No recent tax return? No problem. A Nano representative asked for the most recent four BAS statements (why wasn’t the BOM agile enough to ask for this?) and conditional approval was provided the next day. Very competitive rate (1.99%) with an offset account, a visa debit card and no fees at all. Nano has a model that effectively makes mortgage brokers redundant. My own mortgage broker, who I used to arrange the previous mortgage, couldn’t get close and the ease of the application process is really unbeatable. Be prepared, however, to relinquish your passwords to savings accounts and credit cards, which form the basis of their credit checks and assessment of your ability to service the loan. I was reluctant at first, but was promised that the data is not stored and is not retrievable by third parties or used for nefarious purposes (so they say). To be safe, I did change the passwords after receiving unconditional approval. Overall, the easiest loan application process I have been through.

Read full review

In August 2021, we were approached by the Bank of Melbourne (BOM) to submit a home loan refinancing application. After five weeks of communication with the lending officer, where paperwork and documents were requested and provided, the bank was unable to provide us with an answer. As owners of small company, it was clear that the BOM found it difficult to adequately assess our credit worthiness on the basis that the most recent company tax return had not been filed (as well as other small issues). The fact that we were not the standard PAYG income earners the BOM was accustomed to was simply too much for the bank to handle. This is despite the fact that the refinancing amount was fairly modest, the LVR was 20% and our combined income could service a much much larger loan. By the end of October we still did not receive an answer from the BOM. And then I discovered Nano via a web search. The application process was seamless and we had conditional approval within 20 minutes. No recent tax return? No problem. A Nano representative asked for the most recent four BAS statements (why wasn’t the BOM agile enough to ask for this?) and conditional approval was provided the next day. Very competitive rate (1.99%) with an offset account, a visa debit card and no fees at all. Nano has a model that effectively makes mortgage brokers redundant. My own mortgage broker, who I used to arrange the previous mortgage, couldn’t get close and the ease of the application process is really unbeatable. Be prepared, however, to relinquish your passwords to savings accounts and credit cards, which form the basis of their credit checks and assessment of your ability to service the loan. I was reluctant at first, but was promised that the data is not stored and is not retrievable by third parties or used for nefarious purposes (so they say). To be safe, I did change the passwords after receiving unconditional approval. Overall, the easiest loan application process I have been through.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Romeo, Victoria, reviewed 8 months ago

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