Rates and fees verified as correct at 18 January, 2021. Other information correct at the time of writing. Advertiser disclosure.
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).
| 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 | ||
| 2.04% p.a. | 2.46% p.a. | $0.00 | $785 | ||
| 2.59% p.a. | 2.72% p.a. | $0.00 | $785 | ||
| 2.36% p.a. | 2.39% p.a. | $0.00 | $785 | ||
| 2.36% p.a. | 2.80% p.a. | $0.00 | $785 |
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.
| 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 | ||
| 2.52% p.a. | 2.55% p.a. | $0.00 | $785 | ||
| 2.69% p.a. | 2.75% p.a. | $0.00 | $785 | ||
| 2.36% p.a. | 2.42% p.a. | $0.00 | $785 | ||
| 2.87% p.a. | 2.90% p.a. | $0.00 | $785 |
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.
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!
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.
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’ 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).
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.
Well Home Loans has home loan options for both owner occupiers and investors alike; all of these options coming with an 80% minimum LVR.
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
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