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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | 80%-95% | $15,000 | |
| | Owner Occupier | Interest Only | 70%-80% | $15,000 | |
| | Owner Occupier | Principal & Interest | 70%-80% | $15,000 | |
| | Owner Occupier | Principal & Interest | < 70% | $15,000 | |
| | Owner Occupier | Interest Only | < 70% | $15,000 | |
| | Investor | Principal & Interest | 80%-90% | $15,000 | |
| | Investor | Principal & Interest | 70%-80% | $15,000 | |
| | Investor | Principal & Interest | < 70% | $15,000 | |
| | Investor | Interest Only | 80%-90% | $15,000 | |
| | Investor | Interest Only | 70%-80% | $15,000 | |
| | Investor | Interest Only | < 70% | $15,000 |
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
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*), no ongoing fees and flexible repayment options, you can be sure your repayments are going towards paying off your loan as quickly as possible.
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 borrow either principal & interest or interest only.
As an owner occupier, you can borrow up to 95% of the property's value for principal & 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.
The RAMS Essentials Home Loan is great for anyone looking for low cost of entry into the home loan market.
There are a couple of fees that might get you bleating. To kick off your loan you'll need to pay a $595 application fee. While the end of the will be coupled with a $285 settlement fee and standard $295 discharge fee.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
80.00%
95.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
70.00%
80.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
70.00%
80.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
none
70.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
none
70.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
80.00%
90.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
70.00%
80.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
none
70.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
80.00%
90.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
70.00%
80.00%
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.
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
$595.00
$0.00
$0.00
$285.00
n/a
$0.00
$295.00
$15,000
none
none
70.00%
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.
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 reviewI'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.
I get charged two lots of account fees a month. One is $391 and the other is $246. On top of that I am paying $1600 a month. I finally got the interest rate decreased from 4.22% to 3.97% in March. Also, one of the RAMS workers got into my Westpac bank account looking at my statements and asking me questions about where my money was going. I never gave him permission to look into my bank account. He had no verbal or written authority by me at all to do that.
Read full reviewI get charged two lots of account fees a month. One is $391 and the other is $246. On top of that I am paying $1600 a month. I finally got the interest rate decreased from 4.22% to 3.97% in March. Also, one of the RAMS workers got into my Westpac bank account looking at my statements and asking me questions about where my money was going. I never gave him permission to look into my bank account. He had no verbal or written authority by me at all to do that.
I love my bank. My mortgage broker goes above and beyond for me. Great price, great customer service, what more could I ask for.
Read full reviewI love my bank. My mortgage broker goes above and beyond for me. Great price, great customer service, what more could I ask for.
Rams is a home loan provider that is only good when you can pay your mortgage but times like this when one has lost their job due to Covid 19 they dont want to know No calls are return only promises to do so. It has been a whole month since I filled in a form
Read full reviewRams is a home loan provider that is only good when you can pay your mortgage but times like this when one has lost their job due to Covid 19 they dont want to know No calls are return only promises to do so. It has been a whole month since I filled in a form
Rams have always worked with us to find the best rate for our home loan. We like that they are backed by Westpac which gives us more security.
Read full reviewRams have always worked with us to find the best rate for our home loan. We like that they are backed by Westpac which gives us more security.
RAMS home loans believe in the Australian dream of owning your own home and aim to make this dream come true. With their flexible options and innovative products, RAM home loans is making the dream a reality. RAMS home loans aim to provide home loan solutions to meet many different needs, including low deposit loans, no deposit loans, low doc loans, line of credit loans and low rate loans for members Australia wide.
See RAMS home loans
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2.47% p.a.
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2.47% p.a.
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2.76% p.a.
Newcastle Permanent
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3.62% p.a.
Bank of Queensland
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3.01% p.a.
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2.47% p.a.
$0.00
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2.09% p.a.
2.12% p.a.
$0.00
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.
