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Reduce Home Loans Investor Rate Lovers Variable

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $850,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $850,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $50,000 and $850,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $50,000 $850,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $50,000 $850,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $50,000 $850,000

Rate
2.69% p.a.
Comparison Rate*
2.73% p.a.
Service fee
$0.00
Upfront fee
$697
Rate
3.09% p.a.
Comparison Rate*
3.13% p.a.
Service fee
$0.00
Upfront fee
$697
Rate
2.99% p.a.
Comparison Rate*
3.03% p.a.
Service fee
$0.00
Upfront fee
$697

Mozo editorial review Reduce Home Loans Investor Rate Lovers Variable

Last updated: 4 September 2020.

binocular icon
What's hot
  • Variable rates from just 2.69% (2.69% comparison rate*)
  • No ongoing service or exit fees
  • Offset account available (0.05% interest rate loading applies)
What's not
  • Legal and valuation fees for loans below $200,000
Mozo snapshot

Reduce Home Loans are well known for offering some of the lowest rounds around, and they’ve delivered once again with the Investor Rate Lovers Variable home loan. Not only will investors be able to snag low variable rates from just 2.69% (2.69% comparison rate*), there are no ongoing or exit fees to worry about and there are even a couple of handy features to make use of such as an optional offset account (a 0.05% interest loading does apply) and uncapped extra repayments.

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Key features

With the Investor Rate Lovers Variable home loan from Reduce Home Loans, investors will have access to different interest rates depending on their loan size, their loan-to-value ratio (LVR) and whether they want to make principal and interest or interest-only repayments. Here’s how it breaks down.

Principal and interest repayments 

  • 2.69% variable rate (2.69% comparison rate*) - For investors with an LVR below 80% on a loan between $50,000 - $850,000.

  • 2.99% variable rate (2.99% comparison rate*) - For investors with an LVR below 70% on a loan between $850,000 - $1,500,000.

  • 3.09% variable rate (3.09% comparison rate*) - For investors with an LVR between 80% - 90% on a loan between $50,000 - $850,000.

Interest only repayments 

  • 3.09% variable rate (3.09% comparison rate*) - For investors with an LVR below 80% on a loan between $50,000 - $850,000. 

For investors looking to borrow larger amounts (from $3,500,000 - $5,000,000) with interest only repayments, there'll be tiered LVR requirements, starting at 75-80% and up to less than 65%.

Aside from the rates, there are a few other features attached to the Investor Rate Lovers Variable loan which are worth a mention, starting with the optional offset account. You’ll be able to use the offset account to reduce the balance of the loan on which you’re paying interest on, however, it does come with an additional 0.05% interest rate loading.

Reduce also gives investment borrowers the option of making extra repayments on their home loan for free, plus if you ever decide that you need to dip back into that additional payments pool you’ll be able to do so thanks to the full redraw feature.

You won't need to budget for application fees, settlement fess or legal fees, but disbursements may be payable.

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Who is it good for

Whether you’re looking to make principal and interest or interest-only payments on your loan, the Investor Rate Lovers Variable with its competitively priced rates could be a great choice for investors looking to keep their repayments as low as possible.

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Any catches

Bear in mind that if you choose to access the offset account, you'll be subject to an additional 0.05% interest rate loading.

Details

Rates and fees information correct as at 20 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
  • 2.69% p.a.

  • n/a

  • n/a

  • n/a

  • 2.73% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $297.00

  • $250.00

  • $150.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $850,000

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes

  • $0.00

  • yes

  • yes - additional 0.05% interest rate loading

  • Add 0.30% for loans over $850,000

  • 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 20 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
  • 3.09% p.a.

  • n/a

  • n/a

  • n/a

  • 3.13% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $297.00

  • $250.00

  • $150.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $850,000

  • 80.00%

  • 90.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes

  • $0.00

  • yes

  • yes - additional 0.05% interest rate loading

  • Add 0.30% for loans over $850,000

  • 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 20 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
  • 2.99% p.a.

  • n/a

  • n/a

  • n/a

  • 3.03% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $297.00

  • $250.00

  • $150.00

  • n/a

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $850,000

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes

  • $0.00

  • yes

  • yes - additional 0.05% interest rate loading

  • Add 0.30% for loans over $850,000

  • 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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2.95% p.a.

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2.38% p.a.

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fixed 3 years

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2.25% p.a.
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2.54% p.a.

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2.48% p.a.

2.50% p.a.

$0.00

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Athena

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2.34% p.a.

2.34% p.a.

$0.00

Promoted

Homestar

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2.29% p.a.

2.32% p.a.

$0.00

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UBank

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2.49% p.a.

2.49% p.a.

$0.00

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Suncorp

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2.68% p.a.

2.69% p.a.

$0.00

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Bank of Queensland

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2.59% p.a.

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2.61% p.a.

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$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.