Ratebusters home loans

Ratebusters
Ratebusters's overall rating for home loans

(as rated by the Mozo community)

0.0 / 10

based on 1 reviews

Ratebusters is an online lender designed to bring all the convenience and speed available through online banking to your home loan experience. So for a low cost, flexible mortgage from the comfort of your own living room, who you gonna call? Ratebusters!

Rates and fees verified as correct at 20 February, 2017. Other information correct at the time of writing.

What home loans do Ratebusters offer?

Variable Rate Home Loans Variable Rate Home Loans

It may look like there are a ton of variable rate home loan options from Ratebusters, but don’t panic! There are actually three main options and each has different rate tiers depending on how much you want to borrow and what your LVR is. Generally, you can borrow up to 90% of the property’s value. You’ll also have unlimited free extra repayments, plus a free redraw facility (minimum applies) and with some options, the use of an offset account. As for fees, they’re different on each offer - you can choose to pay several fees upfront, or pay just one upfront fee plus a yearly service fee.

Home loan repayments calculator
years
Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.83% p.a.

4.98% p.a.

$120.00 yearly

$500

4.63% p.a.

4.79% p.a.

$120.00 yearly

$500

4.58% p.a.

4.74% p.a.

$120.00 yearly

$500

4.56% p.a.

4.72% p.a.

$120.00 yearly

$500

4.36% p.a.

4.52% p.a.

$120.00 yearly

$500

4.31% p.a.

4.47% p.a.

$120.00 yearly

$500

4.63% p.a.

4.79% p.a.

$120.00 yearly

$500

4.43% p.a.

4.59% p.a.

$120.00 yearly

$500

4.38% p.a.

4.54% p.a.

$120.00 yearly

$500

4.16% p.a.

4.32% p.a.

$120.00 yearly

$500

4.11% p.a.

4.27% p.a.

$120.00 yearly

$500

4.36% p.a.

4.52% p.a.

$120.00 yearly

$500

4.63% p.a.

4.79% p.a.

$120.00 yearly

$500

4.43% p.a.

4.59% p.a.

$120.00 yearly

$500

4.38% p.a.

4.54% p.a.

$120.00 yearly

$500

4.36% p.a.

4.52% p.a.

$120.00 yearly

$500

4.16% p.a.

4.32% p.a.

$120.00 yearly

$500

4.11% p.a.

4.27% p.a.

$120.00 yearly

$500

4.43% p.a.

4.59% p.a.

$120.00 yearly

$500

4.23% p.a.

4.39% p.a.

$120.00 yearly

$500

4.18% p.a.

4.34% p.a.

$120.00 yearly

$500

3.91% p.a.

4.07% p.a.

$120.00 yearly

$500

4.16% p.a.

4.32% p.a.

$120.00 yearly

$500

3.96% p.a.

4.12% p.a.

$120.00 yearly

$500

4.55% p.a.

4.57% p.a.

$0.00

$260

4.45% p.a.

4.47% p.a.

$0.00

$260

4.15% p.a.

4.17% p.a.

$0.00

$260

4.25% p.a.

4.27% p.a.

$0.00

$260

4.25% p.a.

4.27% p.a.

$0.00

$260

4.10% p.a.

4.12% p.a.

$0.00

$260

4.35% p.a.

4.37% p.a.

$0.00

$260

4.25% p.a.

4.27% p.a.

$0.00

$260

4.05% p.a.

4.07% p.a.

$0.00

$260

4.15% p.a.

4.17% p.a.

$0.00

$260

4.00% p.a.

4.02% p.a.

$0.00

$260

4.15% p.a.

4.17% p.a.

$0.00

$260

4.54% p.a.

4.60% p.a.

$0.00

$838

4.47% p.a.

4.53% p.a.

$0.00

$838

4.17% p.a.

4.23% p.a.

$0.00

$838


Hide

Ratebusters home loan features in a glance

Unlimited free extra repaymentsUnlimited free extra repayments

No matter which variable rate home loan you choose from Ratebusters, you’ll be able to make unlimited additional repayments to pay your mortgage off quicker.

Redraw facilityRedraw facility

Find yourself needing some of those additional funds back? You can use the free redraw facility - just remember that a minimum amount applies to each transaction.

Offset accountOffset account

With most Ratebusters offers, you’ll have the use of an offset account to help keep interest costs low.

How are Ratebusters home loans rated?

So what do Ratebusters’ customers think of its home loan offerings? Find out in our customer review section.

Ratebusters home loans

Overall 0.0*

Price

Features

Customer service

Convenience

Trust

1 Reviews

* Overall rating based on reviews in the past 12 months.

Recent Ratebusters home loan reviews Recent Ratebusters home loan reviews

Ratebusters

Ratebusters home loan review

Overall rating   0 / 10

Never use them

I would not recommend Ratebusters to anyone. It has been the worst experience ever dealing with them, you think I would have stopped in the early stages of applying for the loan, but no. And now that we have sold our house, and just received out...

I would not recommend Ratebusters to anyone. It has been the worst experience ever dealing with them, you think I would have stopped in the early stages of applying for the loan, but no. And now that we have sold our house, and just received out final payout of funds from them it has cost us thousands on top of what you actually owed at settlement. So please I would like to advise you not to use this company ever. Yes I know Ratebusters made a lot of extra money for doing nothing.

    Price   3 / 10

    Features   1 / 10

    Customer service   3 / 10

    Convenience   2 / 10

    Trust   2 / 10

Less

Kt (WA), reviewed over 3 years ago

Ratebusters

Ratebusters home loan review

Overall rating   0 / 10

Ratebusters are deceitful. I'm sorry if that seems like strong language, but there is no other phrase to describe the way in which they lure you in with a competitive rate, then gradually increase it well above what they advertise on their...

Ratebusters are deceitful. I'm sorry if that seems like strong language, but there is no other phrase to describe the way in which they lure you in with a competitive rate, then gradually increase it well above what they advertise on their website. When challenged about this, their response is "the advertised rate is for new customers only." And because of the outrageous break fess, you are locked in for 5 years. Avoid them like the plague. I wish I had.

    Price   2 / 10

    Features   3 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Bill (QLD), reviewed about 5 years ago

Ratebusters

Ratebusters home loan review

Overall rating   9 / 10

Excellent customer service. Very low interest rates. Offset account allows any moneys to be withdrawn at any time. Credit card linked to account allowed money to be withdrawn from any ATM (now only Westpac)

Excellent customer service. Very low interest rates. Offset account allows any moneys to be withdrawn at any time. Credit card linked to account allowed money to be withdrawn from any ATM (now only Westpac)

    Price   9 / 10

    Features   -1 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Andrew (VIC), reviewed about 5 years ago

Ratebusters

Ratebusters home loan review

Overall rating   9 / 10

They have been very helpful with multiple loans, always have very good rates.

They have been very helpful with multiple loans, always have very good rates.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Gavin (VIC), reviewed over 5 years ago

Ratebusters

Ratebusters home loan review

Overall rating   4 / 10

Ratebusters had won lender of the year for 3 years running and their rate was about 0.2% lower than the "professional pack" offered by the big 4. However, 3 years on, I still have hefty exit fees and they are now charging 0.1% higher than the...

Ratebusters had won lender of the year for 3 years running and their rate was about 0.2% lower than the "professional pack" offered by the big 4. However, 3 years on, I still have hefty exit fees and they are now charging 0.1% higher than the professional pack of the big 4. They do however have "another product" which is at a lower rate! I feel like I've been sucked in, locked in and ripped off.

    Price   2 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   4 / 10

Less

Jon (NSW), reviewed about 6 years ago

Hide reviews

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers.

What do you need to apply for a Ratebusters home loan? What do you need to apply for a Ratebusters home loan?

To apply for a Ratebusters home loan, hop online and fill out an application. Make sure you have a few things handy before you begin, including:

  • I.D
  • Proof of income (pay slips or bank statements)
  • A list of your assets (savings, shares, property)
  • A list of your debts (credit card payments, loan repayments)
Hide

More helpful home loan quick links