Well Home Loans Well Balanced

The details shown below are for an owner occupier taking out a principal & interest loan between $10,000 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 $10,000 and $2,000,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan between $10,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $10,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $10,000 and $2,000,000 with an LVR below 95%

The details shown below are for an investor taking out a interest only loan between $10,000 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: $10,000 $2,000,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-95%

    Loan: $10,000 $2,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $10,000 $2,000,000

  • Investor (Principal & Interest)

    LVR < 80%

    Loan: $10,000 $2,000,000

  • Investor (Principal & Interest)

    LVR 80%-95%

    Loan: $10,000 $2,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $10,000 $2,000,000

3.49% p.a.

3.53% p.a.

$0.00

Well Home Loans Well Balanced

3.49% p.a.

3.53% p.a.

$0.00

3.89% p.a.

3.95% p.a.

$0.00

Well Home Loans Well Balanced

3.89% p.a.

3.95% p.a.

$0.00

4.69% p.a.

4.75% p.a.

$0.00

Well Home Loans Well Balanced

4.69% p.a.

4.75% p.a.

$0.00

3.74% p.a.

3.82% p.a.

$0.00

Well Home Loans Well Balanced

3.74% p.a.

3.82% p.a.

$0.00

4.19% p.a.

4.27% p.a.

$0.00

Well Home Loans Well Balanced

4.19% p.a.

4.27% p.a.

$0.00

4.19% p.a.

4.27% p.a.

$0.00

Well Home Loans Well Balanced

4.19% p.a.

4.27% p.a.

$0.00

Mozo Review   Well Home Loans Well Balanced Review

Last updated: 21 March 2019.

What's hot:
  • 2019 Mozo Experts Choice Award - Best New Home Loan

  • 3.49% interest rate (3.53% comparison rate)

  • Four other 2019 Mozo Experts Choice Awards

What's not:
  • $499 application fee for investors

Mozo snapshot:

The Well Home Loans Well Balanced home loan has a bunch of different rate tiers to help you find the one that suits your needs. Jumping in, interest rates start as low as 3.40% (3.53% comparison rate) and the loan has features such as free extra repayments, redraw and the option for a split account. There are a few fees to consider though, including a $250 application fee, a $350 legal fee and $300 discharge fee.

Need more convincing? Not only was the Well Balanced Home Loan named Best New Home Loan in the 2019 Mozo Experts Choice Awards, it also took out awards for best Investor Home Loan, Low Cost Home Loan, Offset Home Loan and Split Home Loan. 

Key features:

Whether you’re an investor or owner occupier, Well Home Loans Well Balanced home loan offers interest only and principal and interest loans with a variety of features.

Off the bat we need to address the interest rate and what factors affect it: what type of borrower you are, which interest type you get and what LVR you are looking for will change the interest rate on offer to you.

On the whole, an owner occupier will get a better rate than an investor. Same with a borrower looking for a loan worth 80% or less of the home’s value compared to someone getting a loan with an 80%-95% LVR.

The option to make free extra repayments may be a handy way to save some money on your interest and the free redraw facility with only a $1 minimum withdrawal makes getting access to your extra repayments if you need them again no sweat.

A slightly different method for saving on interest that you might want to take advantage of is an offset account. There’s one on offer with the Well Home Loans Well Balanced loan, however this offset account will cost you $10 a month to have.

As far as minimum and maximum loan amounts go, Well Home Loans Well Balanced home loan has a wide range, from a low $10,000 minimum loan amount to a fairly high $2,000,000 maximum loan amount; giving more customers the opportunity to find a loan to suit them.

Lastly, the home loan comes with the option for a split account, which lets you have the interest rate be partly variable and partly fixed.

Who it's good for:

As there are a wide range of options available for this loan, all with a bunch of good features and competitive interest rates, most customers will find that the Well Home Loans Well Balanced home loan could offer a deal to suit them.

Any catches?

While an offset account can be a great tool for saving on interest, the $10 monthly fee will mean you want to make sure you use it correctly, so you can get the savings to justify paying the fee.

Details

Rates and fees information correct as at 21 April 2019. 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
  • 3.49% p.a.

  • n/a

  • 0 Months

  • none

  • 3.53% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $250.00

  • $350.00

  • $0.00

  • $250.00

  • none

  • $0.00

  • $300.00

Other financial bits
  • $10,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • yes - $10/month

  • 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 21 April 2019. 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
  • 3.89% p.a.

  • n/a

  • 0 Months

  • none

  • 3.95% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $250.00

  • $350.00

  • $0.00

  • $250.00

  • none

  • $0.00

  • $300.00

Other financial bits
  • $10,000

  • $2,000,000

  • 80.00%

  • 95.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • yes - $10/month

  • 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 21 April 2019. 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
  • 4.69% p.a.

  • n/a

  • 0 Months

  • none

  • 4.75% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $250.00

  • $350.00

  • $0.00

  • $250.00

  • none

  • $0.00

  • $300.00

Other financial bits
  • $10,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Owner Occupier

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • yes - $10/month

  • 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 21 April 2019. 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
  • 3.74% p.a.

  • n/a

  • 0 Months

  • none

  • 3.82% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $499.00

  • $350.00

  • $0.00

  • $250.00

  • none

  • $0.00

  • $300.00

Other financial bits
  • $10,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • yes - $10/month

  • 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 21 April 2019. 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
  • 4.19% p.a.

  • n/a

  • 0 Months

  • none

  • 4.27% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $499.00

  • $350.00

  • $0.00

  • $250.00

  • none

  • $0.00

  • $300.00

Other financial bits
  • $10,000

  • $2,000,000

  • 80.00%

  • 95.00%

Features
  • Investor

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • yes - $10/month

  • 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 21 April 2019. 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
  • 4.19% p.a.

  • n/a

  • 0 Months

  • none

  • 4.27% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $499.00

  • $350.00

  • $0.00

  • $250.00

  • none

  • $0.00

  • $300.00

Other financial bits
  • $10,000

  • $2,000,000

  • none

  • 80.00%

Features
  • Investor

  • Interest Only

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • yes - $10/month

  • 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

This product is not currently reviewed.

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