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.
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 |
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.
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 |
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 |
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.
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 |
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 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.
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).
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.
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.
255 Reviews
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 reviewHave 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.
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 reviewRams 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.
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 reviewAbsolutely 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.
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 reviewLeaving 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
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.