RAMS Low Rate

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 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 interest only loan of at least $15,000 with an LVR below 80%

Choose the version of loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 95%

    Loan: $15,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $15,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $15,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $15,000

4.51% p.a.

4.57% p.a.

$0.00

RAMS Low Rate

4.51% p.a.

4.57% p.a.

$0.00

5.10% p.a.

5.16% p.a.

$0.00

RAMS Low Rate

5.10% p.a.

5.16% p.a.

$0.00

5.02% p.a.

5.08% p.a.

$0.00

RAMS Low Rate

5.02% p.a.

5.08% p.a.

$0.00

5.56% p.a.

5.63% p.a.

$0.00

RAMS Low Rate

5.56% p.a.

5.63% p.a.

$0.00

Mozo Review   RAMS Low Rate Review

Last updated: 19 September 2018.

What's hot:
  • 4.51% variable rate (4.57% comparison rate)

  • Free extra repayments and redraw facility

  • Repayment holidays

What's not:
  • $595 application fee

  • $275 settlement fee

Mozo snapshot:

The RAMS low rate home loan is great for anyone starting out or buying the home of their dreams. With a low 4.51% variable 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.

Key features:
The RAMS Low Rate 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 loan. For interest only both investor and owner occupiers will need at least a 20% deposit to be able to borrow.

Extra repayments are available for free and there's no minimum redraw amount if you find you need that cash back.

One of the more unique features of the loan is its lack of maximum loan amount; which makes the RAMS Low Rate home loan ideal if you are looking at taking on a big mortgage with competitive rates. On the other hand there's also a notably low minimum interest rate of only $15,000.

The repayment options should suit most payday frequencies, with weekly, fortnightly and monthly repayment options available. 

In case you can't decide which side of the fence the grass is greener 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 want to have a break, you'll be able to take a repayment holiday, which let's you miss a repayment. 
Who it's good for:

The RAMS Low Rate Home Loan is great for anyone looking for low cost of entry into the home loan market.

Any catches?

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.


Details

Rates and fees information correct as at 23 September 2018.

Rates
  • 4.51% p.a.

  • n/a

  • 0 Months

  • none

  • 4.57% 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

  • none

  • $0.00

  • $295.00

Other financial bits
  • $15,000

  • none

  • none

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • none

Details

Rates and fees information correct as at 23 September 2018.

Rates
  • 5.10% p.a.

  • n/a

  • 0 Months

  • none

  • 5.16% 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

  • none

  • $0.00

  • $295.00

Other financial bits
  • $15,000

  • none

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • none

Details

Rates and fees information correct as at 23 September 2018.

Rates
  • 5.02% p.a.

  • n/a

  • 0 Months

  • none

  • 5.08% 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

  • none

  • $0.00

  • $295.00

Other financial bits
  • $15,000

  • none

  • none

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • none

Details

Rates and fees information correct as at 23 September 2018.

Rates
  • 5.56% p.a.

  • n/a

  • 0 Months

  • none

  • 5.63% 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

  • none

  • $0.00

  • $295.00

Other financial bits
  • $15,000

  • none

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • yes

  • yes - free

  • $0.00

  • yes

  • yes

  • none

  • none

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 Low Rate

  • Overall
    8/10
    Great customer service

    Low interest rate.

    Low interest rate.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10

    Sandeep | South Australia

    reviewed about 3 years ago

  • Overall
    9/10
    They want to help you out

    Have had no problems with them.

    Have had no problems with them.

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

    Darryl | Victoria

    reviewed about 3 years ago

  • Overall
    10/10
    Stupendous

    I had the pleasure of dealing with the lovely girls down at RAMS at Mudgeeraba, it was good...

    I had the pleasure of dealing with the lovely girls down at RAMS at Mudgeeraba, it was good because I live in northern NSW and they were able to come to me and post everything I needed as well as update me throughout the whole process. Recommend 100%, go girls!

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

    Kim | New South Wales

    reviewed about 3 years ago

  • Overall
    8/10
    Great rates, great service

    Great products.

    Great products.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10

    Rebekah | Western Australia

    reviewed about 3 years ago

  • Overall
    9/10
    Rates great

    The service and committment given was exceptional. No detail was too much and they came to my...

    The service and committment given was exceptional. No detail was too much and they came to my place at my convenience. I can ring any time. Even after the settlement has occurred, the after service is terriffic.

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

    Vikki | Victoria

    reviewed over 3 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.

See RAMS home loans

*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.