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RAMS Line of Credit

Advertiser disclosure

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 this loan that suits you best

  • Owner Occupier (No set repayments)

    LVR < 80%

    Loan: $15,000

  • Investor (No set repayments)

    LVR < 80%

    Loan: $15,000

Rate
5.93% p.a.
Comparison Rate
n/a
Service fee
$20.00 monthly
Upfront fee
$880
Rate
5.93% p.a.
Comparison Rate
n/a
Service fee
$20.00 monthly
Upfront fee
$880

Details

Rates and fees information correct as at 15 January 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
  • 5.93% p.a.

  • n/a

  • n/a

  • n/a

  • 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

  • n/a

  • $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

  • 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 15 January 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
  • 5.93% p.a.

  • n/a

  • n/a

  • n/a

  • 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

  • n/a

  • $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

  • 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
5.7/10

Based on 237 RAMS home loan reviews

Price
6.0/10
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

    Read full review

    good bank to deal with

    Price
    9/10
    Features
    -
    Customer service
    -
    Convenience
    -
    Trust
    -
    Less
    John, Queensland reviewed over 3 years 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 only complaint I have had were a few administrative errors at their head office where I have received calls for missed payments in error.

    Read full review

    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
    Less
    Stuart, Victoria reviewed almost 5 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 weigh this against the alternatives to ensure I am getting a good deal. Website and online facilities could be improved.

    Read full review

    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
    Less
    Steven, New South Wales reviewed almost 8 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 recommend them. Please look at your contracts and truly understand what it says.

    Read full review

    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
    Less
    Marie, New South Wales reviewed over 8 years ago
Thumbnail icon for 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.

See RAMS home loans

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2.19% p.a.

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Reward Me Fixed Rate Home Loan

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fixed 3 years

2.73% p.a.

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Basic Home Loan (Fixed)

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fixed 3 years

2.53% p.a.

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2.20% p.a.

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Suncorp

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1.99% p.a.
fixed 3 years

2.90% p.a.

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2.09% p.a.
fixed 3 years

3.67% p.a.

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

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UHomeLoan - Discount Offer

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2.34% p.a.

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AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

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2.64% p.a.

2.64% p.a.

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2.19% p.a.

2.20% p.a.

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2.49% p.a.

2.49% p.a.

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Back to Basics

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2.55% p.a.

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Economy

2.59% p.a.

2.76% p.a.

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Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

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UHomeLoan (Fixed)

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fixed 3 years

2.27% p.a.

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Reward Me Fixed Rate Home Loan

2.04% p.a.
fixed 3 years

2.73% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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Suncorp

Fixed Home Loan (Home Package Plus)

2.19% p.a.
fixed 3 years

3.03% p.a.

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2.09% p.a.
fixed 3 years

3.67% p.a.

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Fixed Rate

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fixed 3 years

3.01% p.a.

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Fixed Rate Home Loan

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fixed 3 years

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1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

$0.00

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UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

$0.00

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AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

$0.00

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86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

$0.00

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Variable Home Loan Special

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2.12% p.a.

$0.00

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2.63% p.a.

$0.00

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Basic Variable

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3.71% p.a.

$8.00 monthly

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Suncorp

Back to Basics

2.54% p.a.

2.55% 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.