3.9/10

Based on 43 Resimac product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Resimac home loans

As a home loans specialist and competitive alternative to traditional banks, Resimac has been providing a fresh take on mortgages since 1985. The non-bank lender boasts over 50,000 customers and caters to both owner occupiers and investors in search of a home loan, so read on below for more information about Resimac's offers as well as customer reviews.

What home loans do Resimac offer?

Rates and fees verified as correct at 13 July 2024. Other information correct at the time of writing. Advertiser disclosure.

Variable Rate Home Loans

Resimac has simplified its mortgage offerings in recent years, with owner occupier and investor borrowers now able to choose between two variable rate home loans: the Prime or Prime Flex. Both offers are available with principal and interest as well as interest-only repayment options and a number of loan-to-value ratio (LVR) tiers, though the minimum loan amount on the Prime home loan is $50,000 compared to $150,000 with the Prime Flex home loan. Features such as competitive interest rates, an offset account, a free online redraw facility and the option of making free extra repayments are available with both loans, though there are a number of one-off and ongoing fees to consider depending on the loan you choose. Check out the linked reviews in the table below for more details.

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

6.69% p.a.

6.73% p.a.

$0.00

$529

6.79% p.a.

6.83% p.a.

$0.00

$529

7.34% p.a.

7.38% p.a.

$0.00

$529

7.54% p.a.

7.58% p.a.

$0.00

$529

6.69% p.a.

6.73% p.a.

$0.00

$529

6.79% p.a.

6.83% p.a.

$0.00

$529

6.39% p.a.

6.69% p.a.

$299.00 yearly

$529

6.49% p.a.

6.79% p.a.

$299.00 yearly

$529

7.31% p.a.

7.61% p.a.

$299.00 yearly

$529

7.51% p.a.

7.80% p.a.

$299.00 yearly

$529

6.39% p.a.

6.69% p.a.

$299.00 yearly

$529

6.49% p.a.

6.79% p.a.

$299.00 yearly

$529

7.74% p.a.

7.78% p.a.

$0.00

$529

7.94% p.a.

7.98% p.a.

$0.00

$529

6.99% p.a.

7.03% p.a.

$0.00

$529

6.89% p.a.

6.93% p.a.

$0.00

$529

7.74% p.a.

7.78% p.a.

$0.00

$529

7.94% p.a.

7.98% p.a.

$0.00

$529

6.99% p.a.

7.03% p.a.

$0.00

$529

6.89% p.a.

6.93% p.a.

$0.00

$529

7.71% p.a.

8.00% p.a.

$299.00 yearly

$529

7.91% p.a.

8.20% p.a.

$299.00 yearly

$529

6.59% p.a.

6.89% p.a.

$299.00 yearly

$529

6.69% p.a.

6.99% p.a.

$299.00 yearly

$529

7.71% p.a.

8.00% p.a.

$299.00 yearly

$529

7.91% p.a.

8.20% p.a.

$299.00 yearly

$529

6.59% p.a.

6.89% p.a.

$299.00 yearly

$529

6.69% p.a.

6.99% p.a.

$299.00 yearly

$529

Resimac home loan features in a glance

Image of coins

Free extra repayments and redraws

Both the Flex and Flex Prime home loan products from Resimac give borrowers the chance to pay off their mortgages faster with the  unlimited extra repayments feature. There's also the safeguard of knowing that these additional repayments can be tapped into down the track - if needs be - with the use of the online redraw facility.

Image of coins

Borrow up to 95% of the property's value 

Whether you're looking to purchase a home or refinance an existing loan, Resimac has options available on both of its variable loan products for owner occupiers and investors to borrow up to 95% of the value of the property. There are also options with sharper interest rates for borrowers who have larger deposits or more established equity. 

Image of coins

Options for PAYG and self employed borrowers

Resimac has also made a name for itself as a lender who can cater for a range of borrowers, including PAYG or self employed applicants who may have trouble seeking finance with other lenders. 

How are Resimac home loans rated?

Mozo users have rated Resimac 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
Resimac home loans customer reviews
Overall
3.9/10
Price
4.6/10
Features
4.5/10
Customer service
4.5/10
Convenience
3.4/10
Trust
3.9/10
Based on 42 Resimac product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Resimac home loan reviews

Resimac Prime
Overall 8/10
Great ratesz

Happy with it just wish I had a branch, it’s all phone

Read full review

Happy with it just wish I had a branch, it’s all phone

Price
9/10
Features
8/10
Customer service
10/10
Convenience
3/10
Trust
9/10
Less
Lisa, Victoria, reviewed 3 months ago
Resimac Home Loan
Overall 1/10
Here is your hindsight. Avoid Resimac at all cost!

Please, if youre reading these reviews, you must be thinking about finding a mortgage provider. Use the benefit of all of our experience. Stay the hell away from Resimac. They are the finance devil. This is the 20/20 hindsight you've always wished you had. Use it. Go elsewhere!

Read full review

Please, if youre reading these reviews, you must be thinking about finding a mortgage provider. Use the benefit of all of our experience. Stay the hell away from Resimac. They are the finance devil. This is the 20/20 hindsight you've always wished you had. Use it. Go elsewhere!

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Paul, Australian Capital Territory, reviewed about 1 year ago
Resimac Home Loan
Overall 1/10
I would never recommend this Lender to any one.

This Lender is completely unprofessional. They even sent me an email from another Customer. Higher interest rates, non existent Customer Care.

Read full review

This Lender is completely unprofessional. They even sent me an email from another Customer. Higher interest rates, non existent Customer Care.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Michael, New South Wales, reviewed about 1 year ago
Resimac Home Loan
Overall 1/10
Poor customer care

Do not under any circumstance deal with this company! Unfortunately I went through a broker who led me to Resimac...no doubt there must be more commission in it for him. In anycase they charge at least 1.5% more in interest than any other lender. You cannot get hold of them even for the simplest of tasks. Even if no-one else will offer you a loan, its best to look after your mental welfare than having to deal with them.

Read full review

Do not under any circumstance deal with this company! Unfortunately I went through a broker who led me to Resimac...no doubt there must be more commission in it for him. In anycase they charge at least 1.5% more in interest than any other lender. You cannot get hold of them even for the simplest of tasks. Even if no-one else will offer you a loan, its best to look after your mental welfare than having to deal with them.

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Ana, South Australia, reviewed over 1 year ago
Resimac Home Loan
Overall 1/10
DO NOT DEAL WITH RESIMAC!

Stay as far from Resimac as you can! They will rip you off. (I have significant experience with lenders.)

Read full review

Stay as far from Resimac as you can! They will rip you off. (I have significant experience with lenders.)

Price
1/10
Features
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Peter, Queensland, reviewed over 1 year ago

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

As an online lender Resmiac's home loan application process is completely digital, which means you can start by simply heading to their website and downloading an application pack. Before you get going, it's useful to have a few bits of information on hand though, including:

Home loan quick links