6.1 / 10

based on 302 reviews as rated by Mozo community

RAMS home loans

RAMS has been helping Australians achieve their property dreams since 1995, with extensive home loan options available for all sorts of borrowers - whether first time buyers, property investors or anyone looking to refinance. In 2008, RAMS became part of the Westpac Banking Corporation and it currently has 70 home loan centres operating throughout 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.

What home loans do RAMS offer?

Rates and fees verified as correct at 26 January, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

If you’re looking for a bit of certainty when it comes to your home loan repayments, the Fixed Rate offer from RAMS could be a worthy contender given that it currently comes with some seriously competitive rates across 1-5 year fixed terms. The offer is available on loans starting from $15,000, with owner occupiers able to borrow up to 95% of the property’s value while investors can borrow up to 90% of the value. You’ll have ability to make fee free additional repayments (up to a maximum of $30,000) during your chosen fixed rate period and make use of a redraw facility ($10 fee applies, as does a minimum redraw amount of $1,000)  should you need to free up some funds later on. There is a $20 monthly service fee to consider, as well as a few one-off fees, but you can read more about those in more detail in the linked reviews below.

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

2.09% p.a.

4.25% p.a.

$20.00 monthly

$880

2.69% p.a.

4.97% p.a.

$20.00 monthly

$880

2.49% p.a.

4.71% p.a.

$20.00 monthly

$880

Variable Rate Home Loans

RAMS also has two variable rate home loans to choose from: the comprehensive Full Feature loan and the no bells and whistles Essential Home Loan Like the fixed rate offer, RAMS' variable loans are open to both owner occupiers and investors on loan amounts starting from $15,000, but neither of the offers have monthly service fees attached. Depending on the loan you choose, there are also a number of flexible features on offer such as extra repayments, repayment holidays (fees may apply), an offset account and a redraw facility. To learn more about the rates and features in more detail, check out the linked reviews below.

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 to owner occupiers and investors on home loans starting from $150,000. You will be required to pay an annual service fee of $375, but there are plenty of money saving features you can take ‘advantage’ of such as interest rate discounts and reduced upfront fee. It also comes complete with all the features on offer with the standard variable rate loans, including an offset account, redraw facility, extra repayments and repayment holidays. 

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

The line of credit home loan from RAMS allows borrowers to make use of the equity they've built up in their property. 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.

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

RAMS gives variable rate customers the option of using an 100% offset account to help them save on interest payments over the life of the loan, while also having the flexibility of easily accessing that money should the need arise. For example, a mortgage holder with a loan of $500,000 and $50,000 stashed away in an offset account would only be charged interest on the remaining $450,000 of their loan.

Repayment Icon

Extra repayments

You can shorten the life of your loan by making extra repayments whenever you like with RAMS’ variable and fixed (up to a maximum of $30,000) loans. An online redraw facility is also available with most loans, which means you'll be able to access any additional repayments in the future if you need to (fees and minimum redraw amounts may apply though). 

Rate icon

Interest only payments

If you need to divert funds away from your loan repayments to other commitments, opting for interest only loan payments could be the option for you. Interest only options are available for owner occupiers and investors on RAMS' variable and fixed rate home loans. 

How are RAMS home loans rated?

Mozo users have rated RAMS home loans 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

238 Reviews

Recent RAMS home loan reviews

RAMS Home Loan review
Overall 1/10
RAMS have provided the worst service ever.

RAMS have provided the worst service ever. Their customer services are terrible and so unhelpful.

Read full review

RAMS have provided the worst service ever. Their customer services are terrible and so unhelpful.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Justin, Victoria, reviewed 5 days ago
RAMS Home Loan review
Overall 9/10
Broker at RAMS has been fantastic.

I am extremely happy with the service that my local RAMS broker has provided me. He has walked me through the whole home loan process step by step and I am so grateful for everything and all of his hard work.

Read full review

I am extremely happy with the service that my local RAMS broker has provided me. He has walked me through the whole home loan process step by step and I am so grateful for everything and all of his hard work.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
9/10
Trust
10/10
Less
Scott, Queensland, reviewed 13 days ago
RAMS Home Loan review
Overall 8/10
RAMS has been good.

They've served me well generally. Can't complain. Honest advice and responsive service.

Read full review

They've served me well generally. Can't complain. Honest advice and responsive service.

Price
6/10
Features
6/10
Customer service
8/10
Convenience
8/10
Trust
6/10
Less
Jason, New South Wales, reviewed about 2 months ago
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 months 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 4 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