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Reduce Home Loans Basic Home Loan Variable

Advertiser disclosure
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 60%
The details shown below are for an owner occupier taking out a principal & interest loan of at least $150,000 with an LVR below 80%
The details shown below are for an investor taking out a principal & interest loan between $250,000 and $100,000,000 with an LVR below 70%
The details shown below are for an investor taking out a principal & interest loan between $150,000 and $2,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 60% $150,000
Owner Occupier Principal & Interest 60%-80% $150,000
Investor Principal & Interest 60%-70% $250,000 $100,000,000
Investor Principal & Interest 60%-80% $150,000 $2,000,000
  • Owner Occupier (Principal & Interest)
    LVR < 60%
    Loan: $150,000
  • Owner Occupier (Principal & Interest)
    LVR 60%-80%
    Loan: $150,000
  • Investor (Principal & Interest)
    LVR 60%-70%
    Loan: $250,000 $100,000,000
  • Investor (Principal & Interest)
    LVR 60%-80%
    Loan: $150,000 $2,000,000
Rate
5.99% p.a.
Comparison Rate
6.05% p.a.
Service fee
Upfront fee
$800
Rate
6.09% p.a.
Comparison Rate
6.15% p.a.
Service fee
Upfront fee
$800
Rate
6.34% p.a.
Comparison Rate
6.39% p.a.
Service fee
$0.00
Upfront fee
$750
Rate
6.34% p.a.
Comparison Rate
6.38% p.a.
Service fee
$0.00
Upfront fee
$595

Details

Rates and fees information correct as at 15 July 2024. 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

5.99% p.a.

n/a

n/a

n/a

6.05% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$300.00

$300.00

$200.00

n/a

n/a

n/a

$0.00

Other financial bits

$150,000

none

none

60.00%

Features

Owner Occupier

Principal & Interest

Monthly

yes - free

no

yes - free

$0.00

yes

no

$300 application fee waived when loan amount >$150k. Legal and Valuation fee at cost.

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 July 2024. 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

6.09% p.a.

n/a

n/a

n/a

6.15% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$300.00

$300.00

$200.00

n/a

n/a

n/a

$0.00

Other financial bits

$150,000

none

60.00%

80.00%

Features

Owner Occupier

Principal & Interest

Monthly

yes - free

no

yes - free

$0.00

yes

no

$300 application fee waived when loan amount >$150k. Legal and Valuation fee at cost.

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 July 2024. 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

6.34% p.a.

n/a

n/a

n/a

6.39% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$600.00

n/a

n/a

$150.00

n/a

$0.00

$0.00

Other financial bits

$250,000

$100,000,000

60.00%

70.00%

Features

Investor

Principal & Interest

Monthly

yes - free

no

yes - free

$0.00

yes

no

Legal fees up to $475 & Valuation fees up to $420 covered by funder.

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 July 2024. 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

6.34% p.a.

n/a

n/a

n/a

6.38% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$445.00

n/a

n/a

$150.00

n/a

$0.00

$0.00

Other financial bits

$150,000

$2,000,000

60.00%

80.00%

Features

Investor

Principal & Interest

Monthly

yes - free

no

yes - free

$0.00

yes

no

Legal fees & Valuation fees at cost. Disbursements payable.

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 Reduce Home Loans home loans rated by the Mozo community?

Overall
8.3/10
Price
9.4/10
Features
7.4/10
Customer service
8.0/10
Convenience
8.4/10
Trust
7.3/10
Based on 8 Reduce Home Loans home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

About Reduce Home Loans

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6.09% p.a.

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6.29% p.a. variable

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6.59% p.a.
fixed 3 years

7.06% p.a.

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South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

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Variable

5.99% p.a. variable

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Macquarie

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6.14% p.a. variable

6.16% p.a.

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Greater Bank

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6.19% p.a. variable

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6.29% p.a. variable

6.20% p.a.

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6.24% p.a. variable

6.48% p.a.

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6.09% p.a. variable

6.20% p.a.

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Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

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South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.19% p.a.

6.21% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

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Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

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Aussie

Elevate

6.09% p.a.

6.20% p.a.

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ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

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Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan

6.09% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

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ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

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Community First Bank

Basic Variable Home Loan

5.94% p.a.

5.99% 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.

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