Thumbnail icon for Well Home Loans

Well Home Loans Well Balanced

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

Rate
2.17% p.a.
Comparison Rate*
2.20% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
2.52% p.a.
Comparison Rate*
2.55% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
4.24% p.a.
Comparison Rate*
4.30% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
2.82% p.a.
Comparison Rate*
2.85% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
2.82% p.a.
Comparison Rate*
2.85% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
3.11% p.a.
Comparison Rate*
3.17% p.a.
Service fee
$0.00
Upfront fee
$785

Mozo editorial review Well Home Loans Well Balanced

Last updated: 9 September 2020.

binocular icon
What's hot
  • Five 2020 Mozo Experts Choice Awards
  • 2.17% interest rate (2.20% comparison rate*)
  • Free extra repayments and redraws
What's not
  • Upfront fees
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. Interest rates start as low as 2.17% (2.20% comparison rate*) for owner occupier P&I loans with a loan-to-value ratio of 80% or less. The loan comes with handy 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, $150 settlement fee, a $385 legal fee and $300 discharge fee.

Need more convincing? The Well Balances Home Loan took out a seriously impressive FIVE 2020 Mozo Experts Choice Awards - for best Investor Home Loan, Low Cost Home Loan, Offset Home Loan, First Buyer Home Loan and Split Home Loan. 

key icon
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 offers amounts starting from $200,000 to a fairly high $2,000,000 maximum loan amount; giving 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.

snapshot
Who is it 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.

snapshot
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. Speaking of fees, you may also need to factor in a $250 application fee, $385 legal fee and $150 settlement fee into your budget. 

Details

Rates and fees information correct as at 20 September 2020. 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
  • 2.17% p.a.

  • n/a

  • n/a

  • n/a

  • 2.20% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • no

  • yes - free

  • $1.00

  • yes

  • Optional - $10 per month

  • For new home loan applications submitted by 30 November 2020

  • 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 20 September 2020. 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
  • 2.52% p.a.

  • n/a

  • n/a

  • n/a

  • 2.55% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Principal & Interest

  • 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 20 September 2020. 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
  • 4.24% p.a.

  • n/a

  • n/a

  • n/a

  • 4.30% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Owner Occupier

  • Interest Only

  • 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 20 September 2020. 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
  • 2.82% p.a.

  • n/a

  • n/a

  • n/a

  • 2.85% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Investor

  • Principal & Interest

  • 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 20 September 2020. 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
  • 2.82% p.a.

  • n/a

  • n/a

  • n/a

  • 2.85% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Investor

  • Principal & Interest

  • 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 20 September 2020. 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
  • 3.11% p.a.

  • n/a

  • n/a

  • n/a

  • 3.17% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/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
  • Investor

  • Interest Only

  • 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

Latest review of Well Home Loans Well Balanced

  • Overall 9/10
    Great service and competitive rates

    Fantastic service and pricing

    Read full review

    Fantastic service and pricing

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Ashwin, Victoria reviewed 11 months ago

Promoted

ING

ING

Mortgage Simplifier

2.59% p.a. variable

2.62% p.a.

Promoted

Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.60% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a. variable

2.50% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a. variable

2.49% p.a.

Promoted

Athena

Athena

AcceleRATES Variable Home Loan

2.39% p.a. variableApply now to get this rate from 30 Sep

2.39% p.a.Apply now to get this rate from 30 Sep

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

homeloans.com.au

homeloans.com.au

Low Rate Home Loan

2.54% p.a. variable

2.55% p.a.

Promoted

ING

ING

Mortgage Simplifier

2.59% p.a. variable

2.62% p.a.

Promoted

Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.60% p.a.

Promoted

loans.com.au

loans.com.au

Smart Booster Discount Variable Home Loan

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

2.47% p.a.

Promoted

Suncorp

Suncorp

Back to Basics

2.68% p.a. variable

2.69% p.a.

Promoted

Athena

Athena

AcceleRATES Variable Home Loan

2.39% p.a. variableApply now to get this rate from 30 Sep

2.39% p.a.Apply now to get this rate from 30 Sep

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a. variable

3.00% p.a.

Promoted

homeloans.com.au

homeloans.com.au

Low Rate Home Loan

2.54% p.a. variable

2.55% p.a.

Promoted

ING

ING

Mortgage Simplifier

2.59% p.a.

2.62% p.a.

Promoted

loans.com.au

loans.com.au

Smart Home Loan

2.48% p.a.

2.50% p.a.

Promoted

AMP Bank

AMP Bank

Variable Rate Loan (Professional Package)

2.59% p.a.

3.00% p.a.

Promoted

homeloans.com.au

homeloans.com.au

Low Rate Home Loan

2.54% p.a.

2.55% p.a.

Promoted

Athena

Athena

AcceleRATES Variable Home Loan

2.39% p.a.Apply now to get this rate from 30 Sep

2.39% p.a.Apply now to get this rate from 30 Sep

Promoted

Suncorp

Suncorp

Back to Basics

2.68% p.a.

2.69% p.a.

Promoted

HSBC

HSBC

Home Value Loan

2.59% p.a.

2.60% p.a.

Promoted

UBank

UBank

UHomeLoan - Discount Offer

2.49% p.a.

2.49% p.a.

Promoted

ING

ING

Fixed Rate Loan (Owner Occupiers with Orange Advantage)

2.34% p.a.
fixed 3 years

3.67% p.a.

Promoted

UBank

UBank

UHomeLoan (1 Year Fixed)

n/a

n/a

Promoted

Suncorp

Suncorp

Fixed Home Loan (Home Package Plus)

2.49% p.a.
fixed 3 years

3.28% p.a.

Promoted

HSBC

HSBC

Fixed Rate Home Loan

2.29% p.a.
fixed 3 years

2.95% p.a.

Promoted

Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

2.39% p.a.
fixed 3 years

3.66% p.a.

Promoted

People's Choice Credit Union

People's Choice Credit Union

Fixed Rate Home Loan (Package)

2.29% p.a.
fixed 3 years

3.72% p.a.

Promoted

IMB Bank

IMB Bank

Fixed Home Loan

2.39% p.a.
fixed 3 years

3.08% p.a.

Promoted

Bank of Queensland

Bank of Queensland

Fixed Rate

2.25% p.a.
fixed 3 years

3.41% p.a.

Promoted

loans.com.au

loans.com.au

Smart Booster Discount Variable Home Loan

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

2.47% p.a.

$0.00

Promoted

loans.com.au

loans.com.au

Smart Booster Investor Bundle

1.99% p.a.variable for 12 months and then 2.74% p.a.

2.71% p.a.

$0.00

*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.