6.2 / 10

based on 297 reviews as rated by Mozo community

RAMS home loans

For more than a decade, RAMS has been helping Australians realise their property dreams. Whether you’re a first time buyer, property investor or just looking to refinance, RAMS has an extensive range of home loan offerings tailored to you. In 2008, RAMS became part of the Westpac Banking Corporation. Currently, RAMS has 70 home loan centres conveniently operating throughout metropolitan and regional areas in Australia.

If you’re considering a home loan from RAMS, you’ve come to the right place! Here, you’ll be able to find the information you need to compare all of RAMS home loans to find the best one to suit your property goals. You can also easily compare RAMS home loans against other lenders in the Australian property market by using Mozo’s comparison tool.

What home loans do RAMS offer?

Rates and fees verified as correct at 26 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

If you’re looking for a bit of certainty in your home loan repayments, RAMS’ fixed rate home loan is a worthy contender. The fixed rate is available on loans starting from $15,000 and you can borrow up to 95% of your property’s value. With a fixed rate loan from RAMS, you can choose from an extensive range of home loan periods starting from 1 year up to a period of 10 years with the option of principal and interest or interest only repayments. You’ll have ability to make fee free additional repayments (up to a maximum of $30,000) during your chosen fixed rate period and a redraw facility is available should you need to free up some funds later on. There is a monthly service fee to consider. Compare RAMS against other fixed rate home loans on Mozo.

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.69% p.a.

5.08% p.a.

$20.00 monthly

$880

2.29% p.a.

4.30% p.a.

$20.00 monthly

$880

2.89% p.a.

5.02% p.a.

$20.00 monthly

$880

2.69% p.a.

4.77% p.a.

$20.00 monthly

$880

Variable Rate Home Loans

There are two variable home loans to choose from including a no bells and whistles basic loan, and a full featured loan. RAMS’ variable home loans don’t have any monthly service fees and reward borrowers with flexible repayment options such as extra repayment facility, repayment holidays (fees apply) and interest-only payment options ranging from 1 to 5 years or 10 years. The full featured home loan option also comes with an offset account which is a handy feature if you want to save on your interest payments over the life of your loan. How does RAMs compare on variable rates - see Mozo’s variable rate home loan table to compare.

Home loan repayments calculator

years

Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.84% p.a.

3.90% p.a.

$0.00

$880

3.54% p.a.

3.60% p.a.

$0.00

$880

2.89% p.a.

2.95% p.a.

$0.00

$880

2.64% p.a.

2.70% p.a.

$0.00

$880

2.59% p.a.

2.65% p.a.

$0.00

$880

5.20% p.a.

5.27% p.a.

$0.00

$880

4.90% p.a.

4.96% p.a.

$0.00

$880

4.61% p.a.

4.67% p.a.

$0.00

$880

4.36% p.a.

4.42% p.a.

$0.00

$880

4.31% p.a.

4.37% p.a.

$0.00

$880

3.24% p.a.

3.30% p.a.

$0.00

$880

3.49% p.a.

3.55% p.a.

$0.00

$880

3.19% p.a.

3.25% p.a.

$0.00

$880

3.04% p.a.

3.10% p.a.

$0.00

$880

3.29% p.a.

3.35% p.a.

$0.00

$880

2.99% p.a.

3.05% p.a.

$0.00

$880

5.41% p.a.

5.48% p.a.

$0.00

$880

5.16% p.a.

5.23% p.a.

$0.00

$880

5.11% p.a.

5.17% p.a.

$0.00

$880

5.12% p.a.

5.18% p.a.

$0.00

$880

4.87% p.a.

4.93% p.a.

$0.00

$880

4.82% p.a.

4.88% p.a.

$0.00

$880

Variable Package Home Loan

RAMS’ Value Advantage Package is available on any fixed, variable and line of credit home loans starting from $150,000. You will be required to pay an annual service fee but there are plenty of money saving features you can take ‘advantage’ of such as interest rate discounts and no monthly account servicing fees on your loan. Plus you won’t need to pay any application, conversion, increase, switching (to a fixed rate) or portability fees.

Home loan repayments calculator

years

Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

3.89% p.a.

4.29% p.a.

$375.00 yearly

$285

3.84% p.a.

4.24% p.a.

$375.00 yearly

$285

3.54% p.a.

3.95% p.a.

$375.00 yearly

$285

3.29% p.a.

3.70% p.a.

$375.00 yearly

$285

3.24% p.a.

3.66% p.a.

$375.00 yearly

$285

3.99% p.a.

4.39% p.a.

$375.00 yearly

$285

3.94% p.a.

4.34% p.a.

$375.00 yearly

$285

3.94% p.a.

4.34% p.a.

$375.00 yearly

$285

3.69% p.a.

4.09% p.a.

$375.00 yearly

$285

3.64% p.a.

4.05% p.a.

$375.00 yearly

$285

Line of Credit

Line of Credit

If you’ve ever wanted a credit card at home loan rates, you don’t have to look further than RAMS’ line of credit home loan which is available from $15,000 and allows you to borrow up to 90% of your property’s value. Like most line of credit home loans, you will only be charged interest of the outstanding balance and there are no regular repayments required if you’re under the credit limit. There is an extra repayment facility and you can choose from a range of convenient transaction methods including direct debit, salary credit, BPAY, Bank@Post and myRAMS. This loan has a monthly service fee.

Product Rate Comparison Rate* Service fee Upfront fee

5.93% p.a.

n/a

$20.00 monthly

$880

5.93% p.a.

n/a

$20.00 monthly

$880

*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.

RAMS home loan features in a glance

Offset icon

Offset account

Keep an eye on RAMS’ Full Featured Home Loan which has an offset facility to help you save a bundle in interest payments over the life of your loan. Say you have a loan of $500,000 and have stashed away $50,000 in your offset account, you’ll only be charged interest on the remaining $450,000 of your loan.

Repayment Icon

Extra repayments

You can shorten the life of your loan by making fee free extra repayments whenever you like with RAMS’ variable and fixed (up to a maximum of $30,000) loans. With a variable loan option you have the added flexibility to deposit your salary directly into your loan and redraw when you need to with up to 25 free transactions per month.

Rate icon

Interest only payments

If you need to divert funds away from your loan repayments to other commitments for a while, opting for interest only loan payments is a great way to do so. You can choose a period of 1 year up to 5 years or if you’re a property investor you have the option of interest only payments for 10 years.

Home loan icon

Fast Track

RAMS’ Fast Track option allows you to borrow the full purchase price (or valuation if lower) with the help of a guarantor which is ideal for first home buyers wanting to enter the property market sooner and avoid paying Lender’s Mortgage Insurance.

How are RAMS home loans rated?

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

Icon of home-loans
RAMS home loans
Overall
5.7/10
Price
Features
Customer service
Convenience
Trust
235 reviews

Recent RAMS home loan reviews

RAMS Home Loan review
Overall 1/10
Pathetic and incompetent, go to anyone else

This bank's staff are totally incompetent. Don't even know their own rules and processes. Do not use them if you have anything slightly more complex than a very simple owner-occupied loan. They are useless, don't understand business, and change the rules as they go.

Read full review

This bank's staff are totally incompetent. Don't even know their own rules and processes. Do not use them if you have anything slightly more complex than a very simple owner-occupied loan. They are useless, don't understand business, and change the rules as they go.

Price
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Mel, New South Wales reviewed 3 days ago
RAMS Home Loan review
Overall 8/10
Easy to deal with.

I have been with RAMS for many many years and during our Covid-19 Pandemic they were understanding and very helpful.

Read full review

I have been with RAMS for many many years and during our Covid-19 Pandemic they were understanding and very helpful.

Price
6/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Julie, Victoria reviewed 25 days ago
RAMS Full Feature review
Overall 1/10
Biggest mistake I made is having a RAMS home loan.

The worst service ever, I was on a covid package and needed to fix my home loan interest rate. They put my account in collections and are lying to cover their mistake. Everyone we have dealt with has disappeared. They have ruined our account and credit rating!

Read full review

The worst service ever, I was on a covid package and needed to fix my home loan interest rate. They put my account in collections and are lying to cover their mistake. Everyone we have dealt with has disappeared. They have ruined our account and credit rating!

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Michelle, Victoria reviewed about 1 month ago
RAMS Essential Home Loan review
Overall 1/10
Biggest mistake refinancing with RAMS.

I get charged two lots of account fees a month. One is $391 and the other is $246. On top of that I am paying $1600 a month. I finally got the interest rate decreased from 4.22% to 3.97% in March. Also, one of the RAMS workers got into my Westpac bank account looking at my statements and asking me questions about where my money was going. I never gave him permission to look into my bank account. He had no verbal or written authority by me at all to do that.

Read full review

I get charged two lots of account fees a month. One is $391 and the other is $246. On top of that I am paying $1600 a month. I finally got the interest rate decreased from 4.22% to 3.97% in March. Also, one of the RAMS workers got into my Westpac bank account looking at my statements and asking me questions about where my money was going. I never gave him permission to look into my bank account. He had no verbal or written authority by me at all to do that.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Kerry, New South Wales reviewed about 2 months ago
RAMS Fixed Rate review
Overall 10/10
Go to RAMS.

They looked after me when I was struggling many years ago.

Read full review

They looked after me when I was struggling many years ago.

Price
8/10
Features
7/10
Customer service
10/10
Convenience
10/10
Trust
9/10
Less
Janette, New South Wales reviewed 3 months ago

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

Any documentation you’ll need to apply for a RAMS home loan depends on what home loan you’re applying for, but all applicants will generally be required to supply the following:

  • Signed RAMS application form
  • 100 Point Check AML Customer Identification Checklist and accompanying identification for each applicant
  • Income details including recent payslips or a letter from your employer detailing conditions and latest recent group certificate.

Are you purchasing?

Signed copy of Contract of Sale.

Are you a first home buyer?

Completed First Home Owner Grant application.

Are you refinancing?

Home loan statements for last six months.

Home loan quick links