5.9/10

Based on 326 RAMS product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

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 22 July 2024. 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

6.99% p.a.

8.85% p.a.

$10.00 monthly

$880

6.69% p.a.

8.36% p.a.

$10.00 monthly

$880

6.89% p.a.

8.96% p.a.

$10.00 monthly

$880

6.79% p.a.

8.74% p.a.

$10.00 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

8.09% p.a.

8.16% p.a.

$0.00

$880

7.79% p.a.

7.86% p.a.

$0.00

$880

7.69% p.a.

7.76% p.a.

$0.00

$880

6.49% p.a.

6.56% p.a.

$0.00

$880

6.19% p.a.

6.26% p.a.

$0.00

$880

6.09% p.a.

6.16% p.a.

$0.00

$880

9.15% p.a.

9.23% p.a.

$0.00

$880

9.05% p.a.

9.12% p.a.

$0.00

$880

9.45% p.a.

9.53% p.a.

$0.00

$880

8.56% p.a.

8.63% p.a.

$0.00

$880

8.46% p.a.

8.53% p.a.

$0.00

$880

8.86% p.a.

8.93% p.a.

$0.00

$880

6.79% p.a.

6.86% p.a.

$0.00

$880

7.09% p.a.

7.16% p.a.

$0.00

$880

6.69% p.a.

6.76% p.a.

$0.00

$880

6.44% p.a.

6.51% p.a.

$0.00

$880

6.74% p.a.

6.81% p.a.

$0.00

$880

6.34% p.a.

6.41% p.a.

$0.00

$880

9.36% p.a.

9.44% p.a.

$0.00

$880

9.26% p.a.

9.34% p.a.

$0.00

$880

9.66% p.a.

9.74% p.a.

$0.00

$880

9.07% p.a.

9.14% p.a.

$0.00

$880

8.97% p.a.

9.04% p.a.

$0.00

$880

9.37% p.a.

9.45% p.a.

$0.00

$880

Fixed Package Home Loan

Home loan repayments calculator

years

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

6.99% p.a.

7.89% p.a.

$149.00 yearly

$0

6.69% p.a.

6.68% p.a.

$149.00 yearly

$0

6.89% p.a.

7.16% p.a.

$149.00 yearly

$0

6.79% p.a.

6.89% p.a.

$149.00 yearly

$0

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

8.19% p.a.

8.32% p.a.

$149.00 yearly

$0

7.79% p.a.

7.92% p.a.

$149.00 yearly

$0

7.89% p.a.

8.02% p.a.

$149.00 yearly

$0

6.59% p.a.

6.73% p.a.

$149.00 yearly

$0

6.29% p.a.

6.43% p.a.

$149.00 yearly

$0

6.19% p.a.

6.33% p.a.

$149.00 yearly

$0

7.19% p.a.

7.32% p.a.

$149.00 yearly

$0

6.79% p.a.

6.92% p.a.

$149.00 yearly

$0

6.89% p.a.

7.02% p.a.

$149.00 yearly

$0

6.84% p.a.

6.97% p.a.

$149.00 yearly

$0

6.54% p.a.

6.68% p.a.

$149.00 yearly

$0

6.44% p.a.

6.58% p.a.

$149.00 yearly

$0

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

10.18% p.a.

n/a

$20.00 monthly

$880

10.18% p.a.

n/a

$20.00 monthly

$880

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 customer reviews
Overall
5.5/10
Price
5.9/10
Features
5.3/10
Customer service
5.6/10
Convenience
5.2/10
Trust
5.3/10
Based on 255 RAMS product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent RAMS home loan reviews

RAMS Fixed Rate Home Loan (Package)
Overall 9/10
Great face to face, phone service could be better

Have had multiple fantastic face to face experiences in my local branch. Very helpful, friendly and easy to deal with. Kept in touch over the years and even remembered details about me even after almost 2 years. Over the phone experiences could have been better, however.

Read full review

Have had multiple fantastic face to face experiences in my local branch. Very helpful, friendly and easy to deal with. Kept in touch over the years and even remembered details about me even after almost 2 years. Over the phone experiences could have been better, however.

Price
10/10
Features
8/10
Customer service
9/10
Convenience
9/10
Trust
9/10
Less
Grant, Queensland, reviewed 7 months ago
RAMS Home Loan
Overall 1/10
RAMS DONT HAVE CUSTOMER SERVICE AT ALL!!

Rams would have to have the worst customer service i have ever experienced. Spending hours on hold waiting to talk to someone only to get transferred to someone else and then disconnected... back to the queue. Its like they just hang up and don't care.

Read full review

Rams would have to have the worst customer service i have ever experienced. Spending hours on hold waiting to talk to someone only to get transferred to someone else and then disconnected... back to the queue. Its like they just hang up and don't care.

Price
3/10
Features
3/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Simon, Queensland, reviewed 9 months ago
RAMS Home Loan
Overall 10/10
Great Bank.

Great bank!

Read full review

Great bank!

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Aleata, Victoria, reviewed 9 months ago
RAMS Essential Home Loan
Overall 1/10
Avoid the stress and go with someone else.

Absolutely terrible to deal with. Been with this bank for 6 years and it has been a hassle from the start. They are incompetent in every aspect of their business.

Read full review

Absolutely terrible to deal with. Been with this bank for 6 years and it has been a hassle from the start. They are incompetent in every aspect of their business.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Tess, New South Wales, reviewed 12 months ago
RAMS Home Loan
Overall 4/10
Very Nasty Experience

Leaving RAMS now - after 14 years I see I am just a number. 10 rate increases in the past 12 months. I complained and they said I will get a call from the appropriate person. The call never came. Thats the problem dealing with franchises. They are owned by Westpac. I have 3 accounts with them - in the next week moving everything to Comm Bank - good riddance

Read full review

Leaving RAMS now - after 14 years I see I am just a number. 10 rate increases in the past 12 months. I complained and they said I will get a call from the appropriate person. The call never came. Thats the problem dealing with franchises. They are owned by Westpac. I have 3 accounts with them - in the next week moving everything to Comm Bank - good riddance

Price
6/10
Features
3/10
Customer service
2/10
Convenience
2/10
Trust
2/10
Less
Roy, Queensland, reviewed about 1 year 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:

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