Resi home loans

Resi
Resi's overall rating for home loans

(as rated by the Mozo community)

6.0 / 10

based on 7 reviews

As part of the Yellow Brick Road group, Resi is a pretty niche operation. Is it interested in credit cards? No. How about travel insurance? Nope. Macrame and cooking shows? Double nope. Resi is a home loan specialist - which means mortgages are all it does, and it does them well. That means that when you’re shopping for a home loan with Resi, you’ll have heaps of options on offer from a lender who knows the game inside and out.

Rates and fees verified as correct at 04 December, 2016. Other information correct at the time of writing.

What home loans do Resi offer?

Fixed Rate Home Loans Fixed Rate Home Loans

If you’re looking for variety, you’ve come to the right place! There are heaps of rate tiers available on the two fixed rate home loan options from Resi, and which one you choose will depend on your LVR, whether you’re investing or living in the home, how much you want to borrow and whether you want a principal and interest or interest only loan. Mortgages are available starting from $200,000, and you can borrow up to 95% of the property’s value, depending on which rate tier you choose. All the options come with the use of an offset account and fee-free extra repayments, but there are a few key differences. Opt for the Flexi Options Home Loan, and you’ll get unlimited additional repayments, but you’ll pay upfront fees for application, legal and valuation costs. Go for one of the Smart Pro home loan offers and your extra repayments are capped at $20,000 p.a. and you’ll pay legal and valuation fees, plus an ongoing yearly fee on some options.

Home loan repayments calculator
years
Product Fixed 3 year rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

4.34% p.a.

4.60% p.a.

$10.00 yearly

$744

4.24% p.a.

4.36% p.a.

$10.00 yearly

$744

4.41% p.a.

4.41% p.a.

$0.00

$649

4.21% p.a.

4.36% p.a.

$0.00

$649

4.21% p.a.

4.21% p.a.

$0.00

$649

4.01% p.a.

4.16% p.a.

$0.00

$649

4.56% p.a.

4.45% p.a.

$0.00

$649

4.36% p.a.

4.40% p.a.

$0.00

$649

4.36% p.a.

4.25% p.a.

$0.00

$649

4.16% p.a.

4.20% p.a.

$0.00

$649

4.53% p.a.

4.64% p.a.

$0.00

$649

4.33% p.a.

4.59% p.a.

$0.00

$649

4.33% p.a.

4.44% p.a.

$0.00

$649

4.13% p.a.

4.39% p.a.

$0.00

$649

4.68% p.a.

4.68% p.a.

$0.00

$649

4.48% p.a.

4.63% p.a.

$0.00

$649

4.48% p.a.

4.48% p.a.

$0.00

$649

4.28% p.a.

4.43% p.a.

$0.00

$649

4.66% p.a.

4.77% p.a.

$0.00

$649

4.46% p.a.

4.72% p.a.

$0.00

$649

4.46% p.a.

4.57% p.a.

$0.00

$649

4.26% p.a.

4.52% p.a.

$0.00

$649

4.81% p.a.

4.82% p.a.

$0.00

$649

4.61% p.a.

4.76% p.a.

$0.00

$649

4.61% p.a.

4.61% p.a.

$0.00

$649

4.41% p.a.

4.56% p.a.

$0.00

$649

4.31% p.a.

4.43% p.a.

$120.00 yearly

$649

4.11% p.a.

4.38% p.a.

$120.00 yearly

$649

4.11% p.a.

4.23% p.a.

$120.00 yearly

$649

3.91% p.a.

4.18% p.a.

$120.00 yearly

$649

4.46% p.a.

4.47% p.a.

$120.00 yearly

$649

4.26% p.a.

4.42% p.a.

$120.00 yearly

$649

4.26% p.a.

4.27% p.a.

$120.00 yearly

$649

4.06% p.a.

4.22% p.a.

$120.00 yearly

$649

4.43% p.a.

4.66% p.a.

$120.00 yearly

$649

4.23% p.a.

4.61% p.a.

$120.00 yearly

$649

4.23% p.a.

4.46% p.a.

$120.00 yearly

$649

4.03% p.a.

4.41% p.a.

$120.00 yearly

$649

4.58% p.a.

4.70% p.a.

$120.00 yearly

$649

4.38% p.a.

4.65% p.a.

$120.00 yearly

$649

4.38% p.a.

4.50% p.a.

$120.00 yearly

$649

4.18% p.a.

4.45% p.a.

$120.00 yearly

$649

4.56% p.a.

4.79% p.a.

$120.00 yearly

$649

4.36% p.a.

4.74% p.a.

$120.00 yearly

$649

4.36% p.a.

4.59% p.a.

$120.00 yearly

$649

4.16% p.a.

4.54% p.a.

$120.00 yearly

$649

4.71% p.a.

4.83% p.a.

$120.00 yearly

$649

4.51% p.a.

4.78% p.a.

$120.00 yearly

$649

4.51% p.a.

4.63% p.a.

$120.00 yearly

$649

4.31% p.a.

4.58% p.a.

$120.00 yearly

$649


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Variable Rate Home Loans Variable Rate Home Loans

You thought there was variety in the fixed rate home loan options from Resi? Well, the range of variable rate home loan offerings is even wider. Depending on which option and which rate tier you choose, you can borrow up to 95% of the property’s value, starting from $30,000. No matter which option you choose, you’ll have the use of some great flexible features, including unlimited fee-free extra repayments, a free redraw facility and the option to split your loan between variable and fixed rates. Keep an eye on the fees when you choose a Resi variable rate home loan, as some offers come with only upfront fees while others also incur a yearly, ongoing service fee. The Flexi Options offer is the only one with an upfront application fee, but in return, you’ll get the use of an offset account to cut back on interest costs.

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

4.48% p.a.

4.53% p.a.

$0.00

$649

4.68% p.a.

4.73% p.a.

$0.00

$649

4.38% p.a.

4.75% p.a.

$330.00 yearly

$649

4.58% p.a.

4.95% p.a.

$330.00 yearly

$649

3.99% p.a.

4.05% p.a.

$10.00 yearly

$744

4.61% p.a.

4.67% p.a.

$10.00 yearly

$744

4.31% p.a.

4.37% p.a.

$10.00 yearly

$744

4.55% p.a.

4.60% p.a.

$0.00

$649

4.50% p.a.

4.55% p.a.

$0.00

$649

4.72% p.a.

4.77% p.a.

$0.00

$649

4.35% p.a.

4.40% p.a.

$0.00

$649

4.30% p.a.

4.35% p.a.

$0.00

$649

4.52% p.a.

4.57% p.a.

$0.00

$649

4.35% p.a.

4.40% p.a.

$0.00

$649

4.30% p.a.

4.35% p.a.

$0.00

$649

4.52% p.a.

4.57% p.a.

$0.00

$649

4.15% p.a.

4.20% p.a.

$0.00

$649

4.10% p.a.

4.15% p.a.

$0.00

$649

4.32% p.a.

4.37% p.a.

$0.00

$649

4.82% p.a.

4.87% p.a.

$0.00

$649

4.77% p.a.

4.82% p.a.

$0.00

$649

4.72% p.a.

4.77% p.a.

$0.00

$649

4.62% p.a.

4.67% p.a.

$0.00

$649

4.57% p.a.

4.62% p.a.

$0.00

$649

4.52% p.a.

4.57% p.a.

$0.00

$649

4.62% p.a.

4.67% p.a.

$0.00

$649

4.57% p.a.

4.62% p.a.

$0.00

$649

4.52% p.a.

4.57% p.a.

$0.00

$649

4.37% p.a.

4.42% p.a.

$0.00

$649

4.42% p.a.

4.47% p.a.

$0.00

$649

4.32% p.a.

4.37% p.a.

$0.00

$649

4.95% p.a.

5.00% p.a.

$0.00

$649

4.90% p.a.

4.95% p.a.

$0.00

$649

4.87% p.a.

4.92% p.a.

$0.00

$649

4.75% p.a.

4.80% p.a.

$0.00

$649

4.70% p.a.

4.75% p.a.

$0.00

$649

4.67% p.a.

4.72% p.a.

$0.00

$649

4.75% p.a.

4.80% p.a.

$0.00

$649

4.70% p.a.

4.75% p.a.

$0.00

$649

4.67% p.a.

4.72% p.a.

$0.00

$649

4.55% p.a.

4.60% p.a.

$0.00

$649

4.47% p.a.

4.52% p.a.

$0.00

$649

4.50% p.a.

4.55% p.a.

$0.00

$649

4.45% p.a.

4.62% p.a.

$120.00 yearly

$649

4.40% p.a.

4.57% p.a.

$120.00 yearly

$649

4.62% p.a.

4.79% p.a.

$120.00 yearly

$649

4.25% p.a.

4.42% p.a.

$120.00 yearly

$649

4.20% p.a.

4.37% p.a.

$120.00 yearly

$649

4.42% p.a.

4.59% p.a.

$120.00 yearly

$649

4.25% p.a.

4.42% p.a.

$120.00 yearly

$649

4.20% p.a.

4.37% p.a.

$120.00 yearly

$649

4.42% p.a.

4.59% p.a.

$120.00 yearly

$649

4.00% p.a.

4.17% p.a.

$120.00 yearly

$649

4.05% p.a.

4.22% p.a.

$120.00 yearly

$649

4.22% p.a.

4.39% p.a.

$120.00 yearly

$649

4.72% p.a.

4.88% p.a.

$120.00 yearly

$649

4.67% p.a.

4.84% p.a.

$120.00 yearly

$649

4.62% p.a.

4.79% p.a.

$120.00 yearly

$649

4.52% p.a.

4.69% p.a.

$120.00 yearly

$649

4.47% p.a.

4.64% p.a.

$120.00 yearly

$649

4.42% p.a.

4.59% p.a.

$120.00 yearly

$649

4.52% p.a.

4.69% p.a.

$120.00 yearly

$649

4.47% p.a.

4.64% p.a.

$120.00 yearly

$649

4.42% p.a.

4.59% p.a.

$120.00 yearly

$649

4.32% p.a.

4.49% p.a.

$120.00 yearly

$649

4.27% p.a.

4.44% p.a.

$120.00 yearly

$649

4.22% p.a.

4.39% p.a.

$120.00 yearly

$649

4.85% p.a.

5.01% p.a.

$120.00 yearly

$649

4.80% p.a.

4.96% p.a.

$120.00 yearly

$649

4.77% p.a.

4.93% p.a.

$120.00 yearly

$649

4.65% p.a.

4.82% p.a.

$120.00 yearly

$649

4.60% p.a.

4.77% p.a.

$120.00 yearly

$649

4.57% p.a.

4.74% p.a.

$120.00 yearly

$649

4.65% p.a.

4.82% p.a.

$120.00 yearly

$649

4.60% p.a.

4.77% p.a.

$120.00 yearly

$649

4.57% p.a.

4.74% p.a.

$120.00 yearly

$649

4.45% p.a.

4.62% p.a.

$120.00 yearly

$649

4.37% p.a.

4.54% p.a.

$120.00 yearly

$649

4.40% p.a.

4.57% p.a.

$120.00 yearly

$649


Hide

Resi home loan features in a glance

Low depositLow deposit

Finding it difficult to save up a deposit for your home? With LVRs available up to 95%, a Resi home loan might be the solution. Just remember that different rate tiers have different LVRs.

Extra repaymentsExtra repayments

You can make fee-free extra repayments on any Resi home loan offer - fixed or variable rate. Just remember that some fixed rate offers have a cap on additional payments, and paying off the entire loan early may incur penalties.

Free redrawFree redraw

If you make use of the extra repayments feature and then later find yourself needing those funds back, you can make free redraws on any variable rate home loan from Resi. But if you’re opting for the fixed rate option, you won’t have this feature.

How are Resi home loans rated?

Not so fast! You’ve read all the facts, but when you’re considering something as important as a home loan, doesn’t it make sense to get some first-hand opinions? To find out what existing customers of Resi think about their mortgage in terms of things like price, customer service and  convenience, head over to our customer review section.

Resi home loans

Overall 6.0*

Price

Features

Customer service

Convenience

Trust

7 Reviews

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

Recent Resi home loan reviews Recent Resi home loan reviews

Resi

Resi home loan review

Overall rating   1 / 10

Dishonest on fees

I urge anyone considering using Resi, please find another as they charge fees without consulting you even though they say there would be no fees. When the matter is raised they are quite offensive and refuse to resolve the matter.

Full review

I urge anyone considering using Resi, please find another as they charge fees without consulting you even though they say there would be no fees. When the matter is raised they are quite offensive and refuse to resolve the matter.

    Price   5 / 10

    Features   7 / 10

    Customer service   0 / 10

    Convenience   5 / 10

    Trust   0 / 10

Less

Glenn (QLD), reviewed about 1 year ago

Resi

Resi home loan review

Overall rating   10 / 10

Competitive features and great customer service

Being a single mum they gave me my dream, my home loan which others wouldn't do and I have been with them for forever now.

Full review

Being a single mum they gave me my dream, my home loan which others wouldn't do and I have been with them for forever now.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Maria (NSW), reviewed almost 3 years ago

Resi

Resi Flexi Options Home Loan 80 home loan review

Overall rating   1 / 10

Terrible service, too slow

While Resi was great to get a loan through in the beginning, now that I am selling they are dragging out the release of the title, so much so that it may look like I might lose the sale. It has been 8 months of he said she said, between the...

Full review

While Resi was great to get a loan through in the beginning, now that I am selling they are dragging out the release of the title, so much so that it may look like I might lose the sale. It has been 8 months of he said she said, between the conveyancer and Resi Home loans. Not good enough.

    Price   7 / 10

    Features   7 / 10

    Customer service   1 / 10

    Convenience   1 / 10

    Trust   1 / 10

Less

Robert (SA), reviewed about 3 years ago

Resi

Resi home loan review

Overall rating   9 / 10

Flexible

Resi backed us up when no one else would to live the Australian dream!

Full review

Resi backed us up when no one else would to live the Australian dream!

    Price   8 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Mozo reviewer , reviewed about 3 years ago

Resi

Resi home loan review

Overall rating   10 / 10

Competitive pricing, customer service,availability

It is not a Bank but a Mortgage originator. Hasve great products with no ongoing fees, service is available either through Branch or Group Office and no need to go through the jargon from an overseas or Phone operator to obtain someone to liase...

Full review

It is not a Bank but a Mortgage originator. Hasve great products with no ongoing fees, service is available either through Branch or Group Office and no need to go through the jargon from an overseas or Phone operator to obtain someone to liase with. You actually speak to people who complete,intiate and settle loan, with after sales service from same Office or head office if not available.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Mozo reviewer (VIC), reviewed about 3 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 Resi home loan? What do you need to apply for a Resi home loan?

To set yourself up with a Resi home loan, you can fill out an online application, call Resi, request a meeting with a home loan specialist, or wander down to your nearest Resi branch. Keep in mind, the application process will go much more smoothly if you have a few details handy, including:

  • Your employment history
  • A list of current assets & debts
  • Information about the property you want to buy
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