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Well Home Loans Well Balanced Fixed

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $200,000 and $2,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $200,000 and $2,000,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan between $200,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $200,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $200,000 and $2,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $200,000 and $2,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 80%

    Loan: $200,000 $2,000,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $200,000 $2,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $200,000 $2,000,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $200,000 $2,000,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $200,000 $2,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $200,000 $2,000,000

Fixed 3 year rate
2.04% p.a.
Comparison Rate
2.17% p.a.
Service fee
$0.00
Upfront fee
$785
Go to site
Fixed 3 year rate
2.04% p.a.
Comparison Rate
2.46% p.a.
Service fee
$0.00
Upfront fee
$785
Fixed 3 year rate
2.69% p.a.
Comparison Rate
2.97% p.a.
Service fee
$0.00
Upfront fee
$785
Fixed 3 year rate
2.36% p.a.
Comparison Rate
2.39% p.a.
Service fee
$0.00
Upfront fee
$785
Go to site
Fixed 3 year rate
2.36% p.a.
Comparison Rate
2.80% p.a.
Service fee
$0.00
Upfront fee
$785
Fixed 3 year rate
2.59% p.a.
Comparison Rate
2.72% p.a.
Service fee
$0.00
Upfront fee
$785

Mozo editorial review Well Home Loans Well Balanced Fixed

Last updated: 25 February 2021.

4.5 / 5
binocular icon
What's hot
  • Low 2.04% (2.17% comparison rate*) 3 year fixed rate
  • Flexible repayment schedule
  • Borrow up to $2 million
  • 2020 Mozo Experts Choice Award
What's not
  • $250 application fee
Mozo snapshot

The 2020 Mozo Experts Choice Award winning Well Balanced Fixed home loan from Well Home Loans is a fixed rate loan, that comes with a number of options for both investors and owner occupiers. The loan offers features like free extra repayments and a redraw facility, the option for an offset account and a flexible repayment schedule. 

However, there are some fees to be aware of, such as the $250 application fee, $150 settlement fee, the $385 legal fee and the $300 discharge fee.

key icon
Key features

Both investors and owner occupiers are able to apply for a Well Home Loans Well Balanced Fixed home loan; either for a principal and interest loan or an interest only loan. Each of these options come with their own interests rates.

One thing to note about the interest rate, is that generally speaking, the shorter the fixed rate period, the lower the rate.

For example, an owner occupier getting a principal and interest loan may find their rate at 2.04% (2.17% comparison rate*) if they agree to a three year fixed rate. While that same borrower may get a 2.69% interest rate (2.41% comparison rate*) if they agree to a 5 year fixed rate term.

Regardless of what type of borrower you are, all borrowers will have access to the same features. One feature that may help you save on interest is the free extra repayments and redraw facility. Not only are these free, but to make a redraw you only need to withdraw a minimum of $1.

Another thing the loan offers in the choice of an offset account, which is another way you may be able to save yourself on interest. Just keep in mind this option will cost you $10 a month. With the Well Home Loans Well Balanced Fixed Home Loan, you can borrow anywhere from $200,000 to $2,000,000.

When paying back as something as big as a home loan, you’ll want to make sure you get a loan that fits with your budget. One way to do this effectively is to get a repayment schedule that works best for you: with the Well Home Loans Well Balanced Loan, you’ll have the ability to choice either weekly, fortnightly or monthly repayments. Plus, if you’d like to combine the flexibility of a variable rate and the certainty of a fixed rate, you’ll be able to opt for a split account.

snapshot
Who is it good for

If you’re after a full feature loan with all the bells and whistles, and also like the idea of knowing exactly what your repayment will be each month, this one might be just the ticket.

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Any catches

If you do decide to opt for a offset account make sure you take the $10 monthly fee into an account. The account may not be worth it if it isn’t savings you at least $10 a month.

Picture of Niko Iliakis
Niko Iliakis
Money writer

Niko Iliakis is a finance journalist at Mozo specialising in home loans, property and interest rate movements. With an eye for facts and figures, Niko deep-dives into topics to help readers understand key info and make more informed financial decisions. He is ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 8 March 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 1.94% (2.18%*)

  • 1.99% (2.17%*)

  • 2.04% (2.17%*)

  • 2.69% (2.37%*)

  • 2.69% (2.41%*)

  • n/a

  • n/a

  • 2.17% p.a.

Fees
  • $250.00

  • $385.00

  • $0.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $200,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • Optional - $10 per month

  • none

  • none

  • none

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.

Details

Rates and fees information correct as at 8 March 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 1.94% (2.53%*)

  • 1.99% (2.49%*)

  • 2.04% (2.46%*)

  • 2.69% (2.63%*)

  • 2.69% (2.64%*)

  • n/a

  • n/a

  • 2.52% p.a.

Fees
  • $250.00

  • $385.00

  • $0.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $200,000

  • $2,000,000

  • 80.00%

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • Optional - $10 per month

  • none

  • none

  • none

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.

Details

Rates and fees information correct as at 8 March 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.64% (3.02%*)

  • 2.64% (2.99%*)

  • 2.69% (2.97%*)

  • 3.19% (3.11%*)

  • 3.19% (3.13%*)

  • n/a

  • n/a

  • 2.99% p.a.

Fees
  • $250.00

  • $385.00

  • $0.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $200,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • Optional - $10 per month

  • none

  • none

  • none

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.

Details

Rates and fees information correct as at 8 March 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.26% (2.39%*)

  • 2.36% (2.39%*)

  • 2.36% (2.39%*)

  • 2.99% (2.62%*)

  • 2.99% (2.66%*)

  • n/a

  • n/a

  • 2.36% p.a.

Fees
  • $250.00

  • $385.00

  • $0.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $200,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • Optional - $10 per month

  • none

  • none

  • none

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.

Details

Rates and fees information correct as at 8 March 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.26% (2.87%*)

  • 2.36% (2.84%*)

  • 2.36% (2.80%*)

  • 2.99% (2.97%*)

  • 2.99% (2.97%*)

  • n/a

  • n/a

  • 2.87% p.a.

Fees
  • $250.00

  • $385.00

  • $0.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $200,000

  • $2,000,000

  • 80.00%

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • Optional - $10 per month

  • none

  • none

  • none

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.

Details

Rates and fees information correct as at 8 March 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.49% (2.73%*)

  • 2.59% (2.73%*)

  • 2.59% (2.72%*)

  • 3.24% (2.93%*)

  • 3.24% (2.96%*)

  • n/a

  • n/a

  • 2.69% p.a.

Fees
  • $250.00

  • $385.00

  • $0.00

  • $150.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $200,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • Optional - $10 per month

  • none

  • none

  • none

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.

Customer Reviews

How are Well Home Loans home loans rated by the Mozo community?

Overall
9.0/10
Price
10.0/10
Features
10.0/10
Customer service
10.0/10
Convenience
10.0/10
Trust
10.0/10
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Well Home Loans

Well Balanced

2.17% p.a.

2.20% p.a.

$0.00

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Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

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UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

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Greater Bank

Great Rate Home Loan (Fixed)

1.99% p.a.
fixed 3 years

3.35% p.a.

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Homestar

Star Gold Home Loan

1.79% p.a. variable

1.84% p.a.

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Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

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Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.18% p.a.
fixed 3 years

3.62% p.a.

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loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

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Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

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Newcastle Permanent

Variable Home Loan (Premium Plus Package)

2.94% p.a. variable

3.34% p.a.

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Greater Bank

Great Rate Home Loan (Fixed)

1.99% p.a.
fixed 3 years

3.35% p.a.

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86 400

Neat Home Loan

2.19% p.a. variable

2.20% p.a.

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Suncorp

Fixed Home Loan (Home Package Plus)

1.99% p.a.
fixed 3 years

2.83% p.a.

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loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

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Macquarie

Basic Home Loan

2.64% p.a.

2.64% p.a.

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UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

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Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

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Newcastle Permanent

Variable Home Loan (Premium Plus Package)

2.94% p.a.

3.34% p.a.

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86 400

Neat Home Loan

2.19% p.a.

2.20% p.a.

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Bank of Queensland

Economy

2.59% p.a.

2.76% p.a.

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People's Choice Credit Union

Basic Variable Home Loan

2.49% p.a.

2.49% p.a.

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loans.com.au

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

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Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

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UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

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Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.18% p.a.
fixed 3 years

3.62% p.a.

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People's Choice Credit Union

Fixed Rate Home Loan (Package)

1.99% p.a.
fixed 3 years

3.64% p.a.

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Greater Bank

Great Rate Home Loan (Fixed)

1.99% p.a.
fixed 3 years

3.35% p.a.

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Bank of Queensland

Fixed Rate

2.09% p.a.
fixed 3 years

3.01% p.a.

Thumbnail icon for Well Home Loans

Well Home Loans

Well Balanced Fixed

2.04% p.a.
fixed 3 years

2.17% p.a.

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.