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Reduce Home Loans Fixed Rate Wealth Maximizer

Advertiser disclosure

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $3,500,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $50,000 and $3,500,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $50,000 $3,500,000

  • Investor (Interest Only)

    LVR < 90%

    Loan: $50,000 $3,500,000

Fixed 3 year rate
2.37% p.a.
Comparison Rate
2.98% p.a.
Service fee
$0.00
Upfront fee
$1,137
Fixed 3 year rate
2.67% p.a.
Comparison Rate
3.24% p.a.
Service fee
$0.00
Upfront fee
$1,137

Mozo editorial review Reduce Home Loans Fixed Rate Wealth Maximizer

Last updated: 2 December 2020.

binocular icon
What's hot
  • Low 2.37% rate (2.98% comparison rate*) for 3 year fixed term
  • Free extra repayments
  • No ongoing service fee
What's not
  • Upfront costs may apply
Mozo snapshot

Searching far and wide for your next investment property? With competitive fixed interest rates starting from 2.37% (2.99% comparison rate*) for 3 year terms, as well as free extra repayments and a lack of ongoing service fees, the Fixed Rate Wealth Maximizer from Reduce Home Loans could be a great loan match for investors. Just keep in mind that there may be some sizeable upfront fees to pay depending on the specific loan you choose.

key icon
Key features

The Fixed Rate Wealth Maximizer home loan from Reduce Home Loans could be the low rate option to find your first, or even fifth, investment property. Reduce will offer a few different fixed rate options for you to choose from depending on your LVR, loan amount and whether you’re making principal and interest or interest only repayments.

1 year term: Offers a fixed rate of 2.37% (3.09% comparison rate*) for investors making principal and interest repayments and a 2.67% (3.34% comparison rate*) for investors making interest only repayments.

2 year term: Fixed rates of 2.37% (3.04% comparison rate*) are available for borrowers taking out a loan between $50,000 and $2,000,000.

3 year term: This term offers fixed rates of 2.37% (2.98% comparison rate*) for borrowers making principal and interest repayments on amounts of $250,000 up to $2 million, while investors making interest-only repayments on loans between $50,000 and $249,999 will be able to access fixed rates of 2.67% (3.22% comparison rate*).

For all loan terms, you will need to budget for a range of fees, including a $440 application fee, $297 legal fee, $250 valuation fee and $150 settlement fee.

When it comes to features, all borrowers with a Fixed Rate Wealth Maximizer home loan will be able to make free extra repayments, split their loan, choose their repayment schedule (either weekly, fortnightly or monthly) and even make use of an offset account for $10 a month.

snapshot
Who is it good for

With some seriously competitive fixed rate offers for 1-3 year terms, the Reduce Home Loans Fixed Rate Wealth Maximizer loan could be a great option for investors looking to keep their repayments to a minimum.

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Any catches

While there aren’t any ongoing service fees attached to the Fixed Rate Wealth Maximizer loan, you'll need to factor in a number of upfront fees (including application, legal, valuation and settlement fees).

Details

Rates and fees information correct as at 25 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.37% (3.10%*)

  • 2.37% (3.04%*)

  • 2.37% (2.98%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.09% p.a.

Fees
  • $440.00

  • $297.00

  • $250.00

  • $150.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $3,500,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 per month

  • no

  • no

  • $0.00

  • yes

  • yes - optional $10/month

  • Loans with a LVR of over 80% are limited to $1,000,000. Different fees may apply to different loan terms.

  • 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 25 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
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.67% (3.35%*)

  • 2.67% (3.29%*)

  • 2.67% (3.24%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.34% p.a.

Fees
  • $440.00

  • $297.00

  • $250.00

  • $150.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $3,500,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $20,000 per month

  • no

  • no

  • $0.00

  • yes

  • yes - optional $10/month

  • Loans with a LVR of over 80% are limited to $1,000,000. Different fees may apply to different loan terms.

  • 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
8.0/10
Price
9.3/10
Features
7.3/10
Customer service
7.7/10
Convenience
8.5/10
Trust
6.9/10
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