RAMS logo

RAMS Essential Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan of at least $15,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan of at least $15,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $15,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan of at least $15,000 with an LVR below 70%

The details shown below are for an owner occupier taking out a interest only loan of at least $15,000 with an LVR below 70%

The details shown below are for an investor taking out a principal & interest loan of at least $15,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan of at least $15,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan of at least $15,000 with an LVR below 70%

The details shown below are for an investor taking out a interest only loan of at least $15,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan of at least $15,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan of at least $15,000 with an LVR below 70%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $15,000

  • Owner Occupier (Interest Only)

    LVR 70%-80%

    Loan: $15,000

  • Owner Occupier (Principal & Interest)

    LVR 70%-80%

    Loan: $15,000

  • Owner Occupier (Principal & Interest)

    LVR < 70%

    Loan: $15,000

  • Owner Occupier (Interest Only)

    LVR < 70%

    Loan: $15,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $15,000

  • Investor (Principal & Interest)

    LVR 70%-80%

    Loan: $15,000

  • Investor (Principal & Interest)

    LVR < 70%

    Loan: $15,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $15,000

  • Investor (Interest Only)

    LVR 70%-80%

    Loan: $15,000

  • Investor (Interest Only)

    LVR < 70%

    Loan: $15,000

Rate
2.89% p.a.
Comparison Rate
2.95% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
3.84% p.a.
Comparison Rate
3.90% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
2.64% p.a.
Comparison Rate
2.70% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
2.59% p.a.
Comparison Rate
2.65% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
3.54% p.a.
Comparison Rate
3.60% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
3.29% p.a.
Comparison Rate
3.35% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
3.04% p.a.
Comparison Rate
3.10% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
2.99% p.a.
Comparison Rate
3.05% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
3.49% p.a.
Comparison Rate
3.55% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
3.24% p.a.
Comparison Rate
3.30% p.a.
Service fee
$0.00
Upfront fee
$880
Rate
3.19% p.a.
Comparison Rate
3.25% p.a.
Service fee
$0.00
Upfront fee
$880

Mozo editorial review RAMS Essential Home Loan - last updated: 10 June 2021

binocular icon
What's hot
  • Variable rates from 2.59% (2.65% comparison rate*)
  • Free extra repayments and redraw facility
  • Offset account included
What's not
  • $595 application and $285 settlement fees
Mozo snapshot

The RAMS Essentials Home Loan could be a good pick for anyone starting out or buying the home of their dreams. With variable rates from as low as 2.59% variable rate (2.65% comparison rate*) for owner occupiers, no ongoing fees and flexible repayment options, you can be sure your repayments are going towards paying off your loan as quickly as possible.


key icon
Key features

The RAMS Essentials Home Loan has a bunch of options for different types of borrowers. The loan is available for both owner occupiers and investors and allows each group to make either principal & interest or interest-only repayments.

As an owner occupier, you can borrow up to 95% of the property's value for principal and interest loans. For investors, you can borrow up to 90% of the property's value on a principal and interest or interest-only loan.

Free extra repayments are available and there's no minimum redraw amount if you find you need that cash back. There's also no maximum loan amount, which makes the RAMS Essentials Home Loan ideal if you are looking at taking on a big mortgage with competitive rates.

The repayment options should suit most payday frequencies, with weekly, fortnightly and monthly repayment options available. And if you're looking to hedge against any interest rate hikes, there is a split account option which means you can split your low rate loan between a variable and fixed rate.

Lastly, if you ahead on your payments and your circumstances change or you just want to have a break, you'll be able to ask RAMS for a repayment holiday.

snapshot
Who is it good for

The RAMS Essentials Home Loan could be great for anyone looking for a low rate home loan with plenty of features and flexibility.


question icon
Any catches

There are a couple of fees that might get you bleating. There's the $595 application fee, the $285 settlement fee and a $295 discharge fee. It's also worth bearing in mind that if you do take out a loan with an LVR greater than 80%, you may be required to take out Lenders Mortgage Insurance. 


Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.89% p.a.

n/a

n/a

n/a

2.95% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

80.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.84% p.a.

n/a

n/a

n/a

3.90% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

70.00%

80.00%

Features

Owner Occupier

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.64% p.a.

n/a

n/a

n/a

2.70% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

70.00%

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.59% p.a.

n/a

n/a

n/a

2.65% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

none

70.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.54% p.a.

n/a

n/a

n/a

3.60% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

none

70.00%

Features

Owner Occupier

Interest Only

Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.29% p.a.

n/a

n/a

n/a

3.35% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

80.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.04% p.a.

n/a

n/a

n/a

3.10% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

70.00%

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.99% p.a.

n/a

n/a

n/a

3.05% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

none

70.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.49% p.a.

n/a

n/a

n/a

3.55% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

80.00%

90.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.24% p.a.

n/a

n/a

n/a

3.30% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

70.00%

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Details

Rates and fees information correct as at 5 August 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.19% p.a.

n/a

n/a

n/a

3.25% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$595.00

$0.00

$0.00

$285.00

n/a

$0.00

$295.00

Other financial bits

$15,000

none

none

70.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

yes

yes - free

$0.00

yes

yes

none

none

none

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.

Customer Reviews

How are RAMS home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust
Based on 247 RAMS home loan reviews

Latest reviews of RAMS Essential Home Loan

About RAMS

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.