6.1 / 10

based on 308 RAMS 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 20 April, 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

1.98% p.a.

4.22% 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

4.95% p.a.

5.01% 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

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

243 Reviews

Recent RAMS home loan reviews

RAMS Home Loan review
Overall 1/10
Worst mortgage company ever

After jumping through hoops, finally got home loan, signed our contracts for a repayment amount we could afford only to receive a lettet before our first payment was due from a company telling us they were taking over our mortgage, our inew interest rate was double and our payments doubled from what thought were originally told we were paying, husband had to work 6 days week just to pay payments lucky i worked to pay everything else. They crippled us with ever increasing rates. Wouldn't recommend them to my worst enemy.

Read full review

After jumping through hoops, finally got home loan, signed our contracts for a repayment amount we could afford only to receive a lettet before our first payment was due from a company telling us they were taking over our mortgage, our inew interest rate was double and our payments doubled from what thought were originally told we were paying, husband had to work 6 days week just to pay payments lucky i worked to pay everything else. They crippled us with ever increasing rates. Wouldn't recommend them to my worst enemy.

Price
2/10
Features
4/10
Customer service
1/10
Convenience
5/10
Trust
2/10
Less
Donna, Queensland, reviewed 21 days ago
RAMS Essential Home Loan review
Overall 1/10
Avoid

This bank said we were fine to make offer on house, then told us we needed more deposit (already 20%), so sold collector cars etc to keep increasing deposit amount. Does not answer calls or emails. Then says you can’t get the loan after you sell cars and jump through hoops for Nick Lander, Have nothing to say but AVOID this bank

Read full review

This bank said we were fine to make offer on house, then told us we needed more deposit (already 20%), so sold collector cars etc to keep increasing deposit amount. Does not answer calls or emails. Then says you can’t get the loan after you sell cars and jump through hoops for Nick Lander, Have nothing to say but AVOID this bank

Price
5/10
Features
3/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
N, New South Wales, reviewed about 1 month ago
RAMS Fixed Rate review
Overall 10/10
Excellent customer service . I highly recommend.

I highly recommend Rams. I went to Rams home loans Arundel on the Goldcoast. I seen Ronald McBean he made the whole process of buying our home a dream . He was professional reliable trust worthy and helped me through the process step by step . I was always informed of what I needed to do & how the process was tracking . Nothing was a problem excellent customer service by all the team at the Arundel Office .

Read full review

I highly recommend Rams. I went to Rams home loans Arundel on the Goldcoast. I seen Ronald McBean he made the whole process of buying our home a dream . He was professional reliable trust worthy and helped me through the process step by step . I was always informed of what I needed to do & how the process was tracking . Nothing was a problem excellent customer service by all the team at the Arundel Office .

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Selina, Queensland, reviewed 2 months ago
RAMS Home Loan review
Overall 2/10
Terrible way to treat long term customers

We were with them for over 10 years, we asked for a lower interest rate and it was like pulling teeth. At first the offered 0.7% discount this was when we where paying over 4%. We asked for much more as banks where charging under 3%. Many emails and conversations later we where treated like a nuisance. They got to 2.8% and we said low 2% they said no that's the best we will do. We even said we are thinking of leaving, no response (until they saw the discharge authority) Anyway went to Aussie got slightly under 2%. Rams is just out of touch and couldn't really be bothered to keep their customers.

Read full review

We were with them for over 10 years, we asked for a lower interest rate and it was like pulling teeth. At first the offered 0.7% discount this was when we where paying over 4%. We asked for much more as banks where charging under 3%. Many emails and conversations later we where treated like a nuisance. They got to 2.8% and we said low 2% they said no that's the best we will do. We even said we are thinking of leaving, no response (until they saw the discharge authority) Anyway went to Aussie got slightly under 2%. Rams is just out of touch and couldn't really be bothered to keep their customers.

Price
1/10
Features
3/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Brook, Queensland, reviewed 2 months ago
RAMS Essential Home Loan review
Overall 2/10
Read and make your own conclusion.

I've been with RAMS for 10 years and had not dealt with them much as I always paid my mortgage on time. However, when I called them to negotiate my rates, they made it impossible to do so, with paperwork and staff that won't listen to you. With the current economic climate, people are looking for better rates, but saying "we can't do anything as your product is too old and you have to sign another product" isn't going to help customers, especially if previous consultant said yes we can negotiate your rates after you change the loan classification from investor to owner occupier. I get it, we borrow money from you, but don't have the right to negotiate the rate? I wont discourage anyone from signing up with RAMS as everyone situation is different, but please treat your (former, current and new) customers with respect.

Read full review

I've been with RAMS for 10 years and had not dealt with them much as I always paid my mortgage on time. However, when I called them to negotiate my rates, they made it impossible to do so, with paperwork and staff that won't listen to you. With the current economic climate, people are looking for better rates, but saying "we can't do anything as your product is too old and you have to sign another product" isn't going to help customers, especially if previous consultant said yes we can negotiate your rates after you change the loan classification from investor to owner occupier. I get it, we borrow money from you, but don't have the right to negotiate the rate? I wont discourage anyone from signing up with RAMS as everyone situation is different, but please treat your (former, current and new) customers with respect.

Price
3/10
Features
3/10
Customer service
2/10
Convenience
1/10
Trust
2/10
Less
Andy, Victoria, 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