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Well Home Loans home loans

Well Home Loans

Well Home Loans is a relatively new online lender that’s family owned and run right here in Australia. Independent from big banks or large overseas fund managers, Well Home Loans offer a range of packages for different needs, providing options for both investors and owner occupiers alike.

Despite its young age a lender, Well Home Loans has already received considerable plaudits for its loan offerings, including the 2019 Mozo Experts Choice Best New Home Loan Award which it picked up for its Well Balanced Home Loan.

Check out our range of home loans for an overview of interest rates, fees and more, or you can compare with our home loan comparison tools.

Rates and fees verified as correct at 16 September, 2019. Other information correct at the time of writing.

What home loans do Well Home Loans offer?

Fixed Rate Home Loans Fixed Rate Home Loans

If you want a stable rate that isn’t going to unexpectedly rise, then you may be interest in fixed rate home loan starting from $10,000. These loans come with the option for either 1, 2, 3, 4 or 5 year terms that all come with their own specific rate. Well Home Loans also comes with a number of features, such as free extra repayments, free redraw facility and an offset account for $10 a month. These loans are available for both investors and owner occupiers, both of which will require a minimum 20% deposit (80% LVR).

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

3.89% p.a.

3.74% p.a.

$0.00

$1,034

3.24% p.a.

3.29% p.a.

$0.00

$1,034

3.24% p.a.

3.91% p.a.

$0.00

$1,034

3.59% p.a.

4.31% p.a.

$0.00

$785

2.74% p.a.

2.94% p.a.

$0.00

$785

Go to site

2.74% p.a.

3.04% p.a.

$0.00

$785


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Variable Rate Home Loans Variable Rate Home Loans

Well Home Loans home loans variable rates loans may be better suited for customers who want a little flexibility when it comes to their home loan. These variable rate home loans come with all the same features as their fixed rate counterpart, free extra repayments, free redraw facility and a offset account for $10 a month. Once again loans are available to investors and owner occupiers and you’ll need an 80% LVR.

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

3.59% p.a.

3.66% p.a.

$0.00

$1,034

3.27% p.a.

3.30% p.a.

$0.00

$1,034

Go to site

4.04% p.a.

4.07% p.a.

$0.00

$1,034

4.49% p.a.

4.55% p.a.

$0.00

$785

2.97% p.a.

3.00% p.a.

$0.00

$785

Go to site

3.07% p.a.

3.10% p.a.

$0.00

$785

Go to site

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*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.

‡ 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.

Well Home Loans home loan features in a glance

Free extra repaymentsFree extra repayments

If you’re looking for a way to save on interest, extra repayments are a great way to do just that. With all Well Home Loans home loans, you’ll have the option to make additional repayments on your loan, for free!

Free redraw facilityFree redraw facility

If you’ve made extra repayments but need to get that money back for one reason or another, you can do so with a redraw facility. Well Home Loans’ offers a free redraw facility for all their loans, each of them only requiring a $1 minimum withdrawal.

Flexible repayment scheduleFlexible repayment schedule

To make budgeting a little easier, you can choose to make weekly, fortnightly or monthly repayments on either a variable or fixed rate home loan from Well Home Loans.

Split your loan Split your loan 

For borrowers who want the best of both worlds, Well Home Loans’ home loans come with the option of splitting your loan between a fixed and variable rate. Not only will you have the security of a fixed rate but you can access all the benefits of a variable rate such as repayment flexibility and an offset account (if eligible).

Offset facility Offset facility 

Keep your home loan costs low by making use of the full offset account available with any Well home loan offer, except the line of credit mortgage.

Owner occupier and investor loan optionsOwner occupier and investor loan options

Well Home Loans has home loan options for both owner occupiers and investors alike; all of these options coming with an 80% minimum LVR.

No monthly service feeNo monthly service fee

After you jump into the loan you can focus on making your repayments, without having to worry about any monthly fees.

What do you need to apply for a Well Home Loans home loan? What do you need to apply for a Well Home Loans home loan?

  • Personal details for each applicant (if necessary)
  • Contact details including a valid email address
  • Proof of salary (i.e. payslips) and evidence of other income including government payments and rental income
  • Statements for any liabilities including credit cards or other existing loans
  • A copy of your council rates notice
  • A copy of your driver's licence or passport
  • Home loan statements (if you’re refinancing)
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