Rates and fees verified as correct at 11 April, 2021. Other information correct at the time of writing. Advertiser disclosure.
If you want a stable interest rate that isn’t going to rise unexpectedly then you may be interested in a fixed rate home loan from Well Home Loans. The Well Balanced Fixed offer from the online lender gives borrowers the option of locking in a competitive rate for either 1, 2, 3, 4 or 5 years, with loans available on amounts from $200,000 and above. Well Home Loans also provides a number of features with the loan, such as free extra repayments, a free redraw facility and even an optional offset account for $10 a month. The loan is available to both investors and owner occupiers, both of which will require a minimum 20% deposit (80% LVR). For more details, including the fees involved, check out the linked reviews below.
| Product | Fixed 3 year rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments | |
|---|---|---|---|---|---|---|
| 2.69% p.a. | 2.97% p.a. | $0.00 | $785 | |||
| 2.04% p.a. | 2.17% p.a. | $0.00 | $785 | Go to site | ||
| 2.04% p.a. | 2.46% p.a. | $0.00 | $785 | |||
| 2.59% p.a. | 2.57% p.a. | $0.00 | $785 | |||
| 2.29% p.a. | 2.39% p.a. | $0.00 | $785 | Go to site | ||
| 2.29% p.a. | 2.78% p.a. | $0.00 | $785 |
Well Home Loans' variable rate option, the Well Balanced loan, may be better suited to customers who want a little more flexibility with their home loan rate. The variable rate home loan comes with all the same features as the fixed rate option though, including free extra repayments, free redraws and an optional offset account ($10/month). Once again, loans are available to both investors and owner occupiers looking to borrow 80% or less of the property's value, with a minimum loan value of $200,000. Read about the loan in more detail by checking out the linked reviews in the table below.
| Product | Rate | Comparison Rate | Service fee | Upfront fee | Monthly repayments | |
|---|---|---|---|---|---|---|
| 2.99% p.a. | 3.05% p.a. | $0.00 | $785 | |||
| 2.17% p.a. | 2.20% p.a. | $0.00 | $785 | Go to site | ||
| 2.52% p.a. | 2.55% p.a. | $0.00 | $785 | Go to site | ||
| 2.49% p.a. | 2.55% p.a. | $0.00 | $785 | |||
| 2.24% p.a. | 2.30% p.a. | $0.00 | $785 | Go to site | ||
| 2.87% p.a. | 2.90% p.a. | $0.00 | $785 | Go to site |
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' offers, you’ll have the option to make additional repayments on your loan, for free! Plus, if you’ve made additional repayments but need to get that money back for one reason or another, you can do so with the free redraw facility also offered by Well Home Loans.
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.
For borrowers who want the best of both worlds, Well Home Loans’ offers come with the option of splitting your loan between a fixed and variable rate portion.
Keep your home loan costs low by making use of the full offset account available as an optional extra (for $10 per month) with any Well Home Loans offer.
After you jump into the loan you can focus on making your repayments, without having to worry about any monthly fees.
Mozo users have rated Well Home Loans home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.
1 Reviews
Fantastic service and pricing
Read full reviewFantastic service and pricing
Ready to apply for a home loan from Well Home Loans? As you would expect, you can complete an application online through their website. Before you begin though, it's worth noting that you'll need to be an Australian Citizen or Permanent Resident between the ages of 18 and 65 to apply, and that you may also need some of the following documents:
