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.
| 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 |
||
|
6.89% p.a. |
6.93% p.a. |
$0.00 |
$529 |
||
|
6.99% p.a. |
7.03% 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 |
||
|
6.69% p.a. |
6.99% p.a. |
$299.00 yearly |
$529 |
||
|
6.89% p.a. |
7.19% 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 |
||
|
6.89% p.a. |
6.93% p.a. |
$0.00 |
$529 |
||
|
6.99% p.a. |
7.03% p.a. |
$0.00 |
$529 |
||
|
6.79% p.a. |
6.83% p.a. |
$0.00 |
$529 |
||
|
6.69% p.a. |
6.73% p.a. |
$0.00 |
$529 |
||
|
6.89% p.a. |
6.93% p.a. |
$0.00 |
$529 |
||
|
6.99% p.a. |
7.03% p.a. |
$0.00 |
$529 |
||
|
6.79% p.a. |
6.83% p.a. |
$0.00 |
$529 |
||
|
6.69% p.a. |
6.73% p.a. |
$0.00 |
$529 |
||
|
6.69% p.a. |
6.99% p.a. |
$299.00 yearly |
$529 |
||
|
6.89% p.a. |
7.19% 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 |
||
|
6.69% p.a. |
6.99% p.a. |
$299.00 yearly |
$529 |
||
|
6.89% p.a. |
7.19% 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 |
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.
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.
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.
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.
Happy with it just wish I had a branch, it’s all phone
Read full reviewHappy with it just wish I had a branch, it’s all phone
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 reviewPlease, 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!
This Lender is completely unprofessional. They even sent me an email from another Customer. Higher interest rates, non existent Customer Care.
Read full reviewThis Lender is completely unprofessional. They even sent me an email from another Customer. Higher interest rates, non existent 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 reviewDo 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.
Stay as far from Resimac as you can! They will rip you off. (I have significant experience with lenders.)
Read full reviewStay as far from Resimac as you can! They will rip you off. (I have significant experience with lenders.)
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: