Well Home Loans Well Balanced
This product is available in different versions. Pick the right version for you here.
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
| Availability | Loan type | LVR | Min loan amount | Max loan amount | |
|---|---|---|---|---|---|
| | Owner Occupier | Principal & Interest | < 80% | $200,000 | $2,000,000 |
| | Owner Occupier | Principal & Interest | 80%-90% | $200,000 | $2,000,000 |
| | Owner Occupier | Interest Only | < 80% | $200,000 | $2,000,000 |
| | Investor | Principal & Interest | < 80% | $200,000 | $2,000,000 |
| | Investor | Principal & Interest | 80%-90% | $200,000 | $2,000,000 |
| | Investor | Interest Only | < 80% | $200,000 | $2,000,000 |
-
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
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Owner Occupier (Interest Only)
LVR < 80%
Loan: $200,000 $2,000,000
-
Investor (Principal & Interest)
LVR < 80%
Loan: $200,000 $2,000,000
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Investor (Principal & Interest)
LVR 80%-90%
Loan: $200,000 $2,000,000
-
Investor (Interest Only)
LVR < 80%
Loan: $200,000 $2,000,000
Well Home Loans Well Balanced
Well Home Loans Well Balanced
4.49% p.a.
4.55% p.a.
$0.00
Well Home Loans Well Balanced
4.49% p.a.
4.55% p.a.
$0.00
4.49% p.a.
4.55% p.a.
$0.00
Well Home Loans Well Balanced
4.04% p.a.
4.08% p.a.
$0.00
Well Home Loans Well Balanced
4.04% p.a.
4.08% p.a.
$0.00
4.04% p.a.
4.08% p.a.
$0.00
3.44% p.a.
3.51% p.a.
$0.00
Well Home Loans Well Balanced
3.44% p.a.
3.51% p.a.
$0.00
3.44% p.a.
3.51% p.a.
$0.00
Mozo Review Well Home Loans Well Balanced Review
Last updated: 17 January 2020.
What's hot:
2019 Mozo Experts Choice Award - Best New Home Loan
2.72% interest rate (2.75% comparison rate*)
Four other 2019 Mozo Experts Choice Awards
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 2.72% (2.75% 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? 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 60% or less of the home’s value compared to someone getting a loan with an 60%-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.
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. 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 21 January 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
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2.72% p.a.
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n/a
-
n/a
-
n/a
-
2.75% 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
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$200,000
-
$2,000,000
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none
-
80.00%
Features
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Owner Occupier
-
Principal & Interest
-
Weekly, Fortnightly, Monthly
-
yes - free
-
no
-
yes - free
-
$1.00
-
yes
-
Optional - $10 per month
-
none
-
none
-
none
Details
Rates and fees information correct as at 21 January 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
-
2.92% p.a.
-
n/a
-
n/a
-
n/a
-
2.96% 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
Details
Rates and fees information correct as at 21 January 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
-
4.49% p.a.
-
n/a
-
n/a
-
n/a
-
4.55% 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
-
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
Details
Rates and fees information correct as at 21 January 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
-
3.12% p.a.
-
n/a
-
n/a
-
n/a
-
3.16% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$499.00
-
$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
Details
Rates and fees information correct as at 21 January 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
-
4.04% p.a.
-
n/a
-
n/a
-
n/a
-
4.08% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$499.00
-
$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
Details
Rates and fees information correct as at 21 January 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
-
3.44% p.a.
-
n/a
-
n/a
-
n/a
-
3.51% p.a.
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
-
n/a
Fees
-
$499.00
-
$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
Customer Reviews
How are Well Home Loans home loans rated by the Mozo community?
Latest review of Well Home Loans Well Balanced
-
Great service and competitive rates
Fantastic service and pricing
Read full reviewFantastic service and pricing
Price10/10Features10/10Customer service10/10Convenience10/10LessTrust10/10
Promoted
Bank of Queensland
Fixed Rate
2.99% p.a.
fixed 3 years
3.72% p.a.
$450
Promoted
Well Home Loans
Well Balanced
2.72% p.a. variable
2.75% p.a.
$785
Promoted
IMB Bank
Budget Home Loan
3.13% p.a. variable
3.19% p.a.
$799
Promoted
Well Home Loans
Well Balanced
2.72% p.a. variable
2.75% p.a.
$785
Promoted
Heritage Bank
Discount Variable Home Loan
3.07% p.a. variable
3.12% p.a.
$750
Promoted
Newcastle Permanent
Real Deal Home Loan
3.19% p.a.
3.23% p.a.
$0
Promoted
IMB Bank
Budget Home Loan
3.13% p.a.
3.19% p.a.
$799
Promoted
loans.com.au
Fixed Home Loan
2.99% p.a.
fixed 3 years
3.27% p.a.
$520
Promoted
Bank of Queensland
Fixed Rate
2.99% p.a.
fixed 3 years
3.72% p.a.
$450
Promoted
Well Home Loans
Well Balanced Fixed
2.68% p.a.
fixed 3 years
2.74% p.a.
$785
Promoted
Newcastle Permanent
Fixed Rate Home Loan (Premium Plus Package)
2.89% p.a.
fixed 3 years
3.96% p.a.
$0
Promoted
Heritage Bank
Fixed Rate Loan (Home Advantage)
2.99% p.a.
fixed 3 years
3.59% p.a.
$150
Promoted
loans.com.au
Fixed Home Loan
3.79% p.a.
fixed 3 years
3.47% p.a.
$520
