RAMS Line of Credit

The details shown below are for an owner occupier taking out a no set repayments loan of at least $15,000 with an LVR below 80%

The details shown below are for an investor taking out a no set repayments loan of at least $15,000 with an LVR below 80%

Choose the version of loan that suits you best

  • Owner Occupier (No set repayments)

    LVR < 80%

    Loan: $15,000

  • Investor (No set repayments)

    LVR < 80%

    Loan: $15,000

6.53% p.a.

n/a

$20.00 monthly

RAMS Line of Credit

6.53% p.a.

n/a

$20.00 monthly

6.53% p.a.

n/a

$20.00 monthly

RAMS Line of Credit

6.53% p.a.

n/a

$20.00 monthly

Details

Rates and fees information correct as at 16 November 2018. 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
  • 6.53% p.a.

  • n/a

  • 0 Months

  • none

  • n/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

  • none

  • $20.00 monthly

  • $295.00

Other financial bits
  • $15,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • No set repayments

  • No set repayments

  • yes - free

  • n/a

  • yes - free

  • $0.00

  • yes

  • no

  • 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 16 November 2018. 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
  • 6.53% p.a.

  • n/a

  • 0 Months

  • none

  • n/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

  • none

  • $20.00 monthly

  • $295.00

Other financial bits
  • $15,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • No set repayments

  • No set repayments

  • yes - free

  • n/a

  • yes - free

  • $0.00

  • yes

  • no

  • 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 customer rating
5.7/10

Based on 215 RAMS home loan reviews

Price
6.1/10
Features
5.5/10
Customer service
5.8/10
Convenience
5.4/10
Trust
5.5/10

Latest reviews of RAMS Line of Credit

  • Overall
    10/10
    Great service

    good bank to deal with

    good bank to deal with

    Price
    9/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -

    John | Queensland

    reviewed over 1 year ago

  • Overall
    8/10
    Excellent customer service and very flexible.

    I used RAMS for my home loan, they were friendly flexible and gave a very personal service. The...

    I used RAMS for my home loan, they were friendly flexible and gave a very personal service. The only complaint I have had were a few administrative errors at their head office where I have received calls for missed payments in error.

    Price
    7/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    3/10
    Trust
    7/10

    Stuart | Victoria

    reviewed over 2 years ago

  • Overall
    8/10
    Does exactly what it says on the tin

    This product serves my needs and as I understand how the different types of mortgages work, I can...

    This product serves my needs and as I understand how the different types of mortgages work, I can weigh this against the alternatives to ensure I am getting a good deal. Website and online facilities could be improved.

    Price
    7/10
    Features
    7/10
    Customer service
    -1/10
    Convenience
    9/10
    Trust
    9/10

    Steven | New South Wales

    reviewed almost 6 years ago

  • Overall
    0/10
    Never trust them - no matter how good they sound

    I nearly lost my home as they used the fine print to take it away from me. I wouldn't trust or...

    I nearly lost my home as they used the fine print to take it away from me. I wouldn't trust or recommend them. Please look at your contracts and truly understand what it says.

    Price
    4/10
    Features
    -1/10
    Customer service
    1/10
    Convenience
    5/10
    Trust
    0/10

    Marie | New South Wales

    reviewed over 6 years ago

RAMS

About RAMS

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.

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3.99% p.a.
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3.89% p.a.
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3.91% p.a.

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3.66% p.a.

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HSBC

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3.59% p.a.

3.61% p.a.

$0.00

Promoted

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3.68% p.a.

3.69% p.a.

$0.00

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UBank

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3.59% p.a.

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NAB

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3.87% p.a.

3.91% p.a.

$0.00

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Bank Australia

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3.65% p.a.

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3.49% p.a.

3.53% p.a.

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*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.