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Reduce Home Loans Fixed Rate Wealth Maximizer

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
2.49% p.a.
Comparison Rate*
2.98% p.a.
Service fee
$0.00
Upfront fee
$697
Fixed 3 year rate
2.69% p.a.
Comparison Rate*
3.22% p.a.
Service fee
$0.00
Upfront fee
$697

Mozo editorial review Reduce Home Loans Fixed Rate Wealth Maximizer

Last updated: 3 July 2020.

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What's hot
  • Low 2.49% rate (2.92% comparison rate*) for 2 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 2.49% (2.92% comparison rate*) for 2 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.

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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 2.49% (2.97% comparison rate*) for investors making principal and interest repayments and a 2.69% (3.19% comparison rate*) for investors making interest only repayments. However, there is a $440 application, $275 legal and $250 valuation fee.

2 year term: Fixed rates of 2.49% (2.92% comparison rate*) are available for borrowers taking out a loan between $50,000 and $2,000,000. There is also a $275 legal fee and a $250 valuation fee.

3 year term: This term offers fixed rates of 2.49% (2.88% 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 2.69% (3.12% comparison rate*). Those making interest only repayments will also need to factor in a $440 application fee, $275 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.

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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, there may be a number of applicable upfront fees (including application, legal, valuation and settlement fees) depending on the term and size of the loan you choose.

Details

Rates and fees information correct as at 24 October 2020. 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

  • 2.49% (3.08%*)

  • 2.49% (3.03%*)

  • 2.49% (2.98%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.09% p.a.

Fees
  • $0.00

  • $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.

  • 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 24 October 2020. 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

  • 2.69% (3.32%*)

  • 2.69% (3.27%*)

  • 2.69% (3.22%*)

  • n/a

  • n/a

  • n/a

  • n/a

  • 3.34% p.a.

Fees
  • $0.00

  • $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.

  • 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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Smart Home Loan

2.48% p.a. variable

2.50% p.a.

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HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

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Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a. variable

2.34% p.a.

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Macquarie

Macquarie

Offset Home Loan (Package)

2.54% p.a. variable

2.81% p.a.

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UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

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Homestar

Homestar

Star Essentials Home Loan

2.29% p.a. variable

2.32% p.a.

Promoted

Suncorp

Suncorp

Back to Basics

2.68% p.a. variable

2.69% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a. variable

2.76% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a. variable

2.50% p.a.

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a. variable

2.34% p.a.

Promoted

Macquarie

Macquarie

Offset Home Loan (Package)

2.54% p.a. variable

2.81% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.29% p.a. variable

2.32% p.a.

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a. variable

2.76% p.a.

Promoted

Macquarie

Macquarie

Offset Home Loan (Package)

2.54% p.a.

2.81% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

Promoted

HSBC

HSBC

Home Value Loan

2.59% p.a.

2.60% p.a.

Promoted

Athena

Athena

AcceleRATES Variable Home Loan

2.34% p.a.

2.34% p.a.

Promoted

Homestar

Homestar

Star Essentials Home Loan

2.29% p.a.

2.32% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

Promoted

Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

Promoted

loans.com.au

loans.com.au

Fixed Home Loan

n/a

n/a

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

Homestar

Homestar

Star Classic Fixed Home Loan

2.06% p.a.
fixed 3 years

2.38% p.a.

Promoted

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.25% p.a.
fixed 3 years

3.41% p.a.

Promoted

IMB Bank

IMB Bank

Fixed Home Loan

2.39% p.a.
fixed 3 years

3.08% p.a.

Promoted

AMP Bank

AMP Bank

Fixed Rate Loan (Professional Package)

2.49% p.a.
fixed 3 years

3.07% p.a.

*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.