7.1 / 10

based on 32 Resi reviews as rated by Mozo community

Resi home loans

Founded in 1986,  Resi has been helping first home buyers, investors and refinancers make their property dreams a reality for 35 years. That's because Resi is a home loan specialist - which means mortgages are all it does! So if you’re shopping around for a home loan with a non-bank lender, you’ll have heaps of options available with Resi, all of which you can explore in more detail below.

What home loans do Resi offer?

Rates and fees verified as correct at 18 June, 2021. Other information correct at the time of writing. Advertiser disclosure.

Variable Rate Home Loans

Resi's range of variable rate home loan offerings is even wider, as owner occupiers and borrowers are able to choose between the Essential Options loan or the Flexi Options Home Loan. Depending on which option and which rate tier you choose, you can borrow up to 95% of the property’s value, with a minimum loan amount starting from $10,000. Both loans come with quite competitive rates as well as some great flexible features, including unlimited fee-free extra repayments, a free redraw facility and an offset account (though this is optional for $10/month with the Flexi Options Home Loan). Keep an eye on the fees when you choose a Resi variable rate home loan though, as some there are a number of one-off costs involved. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

2.89% p.a.

2.94% p.a.

$539

2.79% p.a.

2.84% p.a.

$539

2.69% p.a.

2.74% p.a.

$539

2.59% p.a.

2.64% p.a.

$539

2.34% p.a.

2.37% p.a.

$0.00

$396

3.39% p.a.

3.42% p.a.

$0.00

$396

2.54% p.a.

2.57% p.a.

$0.00

$396

3.49% p.a.

3.52% p.a.

$0.00

$396

2.69% p.a.

2.72% p.a.

$0.00

$396

3.14% p.a.

3.19% p.a.

$539

3.04% p.a.

3.09% p.a.

$539

2.94% p.a.

2.99% p.a.

$539

2.84% p.a.

2.89% p.a.

$539

2.59% p.a.

2.62% p.a.

$0.00

$396

2.89% p.a.

2.92% p.a.

$0.00

$396

2.69% p.a.

2.72% p.a.

$0.00

$396

3.09% p.a.

3.12% p.a.

$0.00

$396

2.89% p.a.

2.92% p.a.

$0.00

$396

Resi home loan features in a glance

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Low deposit options

Finding it difficult to save up a deposit for your home? With loan-to-value ratios (LVRs) available up to 95% (meaning just a 5% deposit is needed), one of Resi's variable or fixed options could be the low deposit home loan you've been looking for. Just remember that different LVR tiers have different interest rates, and that lenders often require lenders mortgage insurance for borrowers with deposits under 20%.

Image of coins

Extra repayments and redraws available

You can make fee-free extra repayments on any fixed or variable Resi home loan offer in order to pay off your loan balance faster. Plus, if you find yourself needing those funds back later on, you can also make redraws on both of Resi's variable rate home loans. Bear in mind that some fixed rate offers have a cap on additional payments though, and paying off the entire loan early may incur penalties.

Offset icon

Offset account

Another useful feature that comes attached (or at least as an option extra) with many of Resi's mortgage offers is an offset account. In short, an offset account is a place where borrowers can stash their extra cash or savings, but the added benefit is that any cash stored in the account reduces the outstanding loan balance on which interest is charged! 

How are Resi home loans rated?

Mozo users have rated Resi home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Resi home loans
Overall
7.1/10
Price
Features
Customer service
Convenience
Trust

32 Reviews

Recent Resi home loan reviews

Resi Home Loan review
Overall 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.

Read 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, Queensland, reviewed over 5 years ago
Resi Home Loan review
Overall 1/10
bad news broker

Spoke to a Broker Margaret on goldcoast , Provided Heaps of information , went away to find out home loan details of products , never heard from again, sent email asking for my original documents to be sent back ,no reply no docs ,cost me money to obtain new docs.

Read full review

Spoke to a Broker Margaret on goldcoast , Provided Heaps of information , went away to find out home loan details of products , never heard from again, sent email asking for my original documents to be sent back ,no reply no docs ,cost me money to obtain new docs.

Price
2/10
Features
2/10
Customer service
1/10
Convenience
2/10
Trust
0/10
Less
Peter, Queensland, reviewed over 6 years ago
Resi Home Loan review
Overall 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.

Read 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 , New South Wales, reviewed over 7 years ago
Resi Flexi Options Home Loan review
Overall 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 conveyancer and Resi Home loans. Not good enough.

Read 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, South Australia, reviewed over 7 years ago
Resi Home Loan review
Overall 9/10
Flexible

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

Read 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 over 7 years ago

What do you need to apply for a Resi home loan?

To set yourself up with a Resi home loan, you can get in contact with a Resi home loan specialist either online through their website or over the phone. Keep in mind, the application process will go much more smoothly if you have a few of the following details handy, including:

  • Personal and contact information (name, date of birth, phone number, email address etc.)
  • Your income, employment history and expenses
  • A list of current assets and debts
  • Information about the property you want to buy

Home loan quick links