based on 1 Well Money product reviews as rated by Mozo community

Well Money home loans

Well Money is an online lender that has carved out a name for itself providing low-cost home loan options to investors and owner occupiers.

Despite being fairly new on the home loans scene, Well Money has already received considerable plaudits for its loan offerings, including 2022 Mozo Experts Home Loan Choice Awards for Low Cost Home Loan, Offset Home Loan, Split Home Loan, Investor Home Loan and Investor Fixed Home Loan. Check out their home loan range below for an overview of rates, fees, features and more.

What home loans do Well Money offer?

Rates and fees verified as correct at 29 March 2024. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

If you want a stable interest rate that isn’t going to rise unexpectedly then you may be interested in a fixed rate home loan from Well Money. The Well Balanced Fixed offer from the online lender gives borrowers the option of locking in a competitive rate for either 1, 2, 3, 4 or 5 years, with loans available on amounts from $200,000 and above. Well Money also provides a number of features with the loan, such as free extra repayments, a free redraw facility and even an optional offset account for $10 a month. The loan is available to both investors and owner occupiers, both of which will require a minimum 20% deposit (80% LVR). For more details, including the fees involved, check out the linked reviews below. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments

5.89% p.a.

6.14% p.a.

$0.00

$785

6.54% p.a.

7.24% p.a.

$0.00

$785

5.89% p.a.

6.49% p.a.

$0.00

$785

6.29% p.a.

6.95% p.a.

$0.00

$785

6.24% p.a.

6.76% p.a.

$0.00

$785

Variable Rate Home Loans

Well Money's variable rate option, the Well Balanced loan, may be better suited to customers who want a little more flexibility with their home loan rate. The variable rate home loan comes with all the same features as the fixed rate option though, including free extra repayments, free redraws and an optional offset account ($10/month). Once again, loans are available to both investors and owner occupiers looking to borrow 80% or less of the property's value, with a minimum loan value of $200,000. Read about the loan in more detail by checking out the linked reviews in the table below. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

6.16% p.a.

6.19% p.a.

$0.00

$785

7.44% p.a.

6.78% p.a.

$0.00

$785

6.19% p.a.

6.22% p.a.

$0.00

$785

6.64% p.a.

6.67% p.a.

$0.00

$785

7.79% p.a.

7.82% p.a.

$0.00

$785

6.69% p.a.

6.56% p.a.

$0.00

$785

7.14% p.a.

7.04% p.a.

$0.00

$785

6.39% p.a.

6.42% p.a.

$0.00

$785

6.89% p.a.

6.92% p.a.

$0.00

$785

Well Money home loan features in a glance

Image of coins

Free extra repayments and redraws

If you’re looking for a way to save on interest, extra repayments are a great way to do just that. With all Well Money offers, you’ll have the option to make additional repayments on your loan, for free! Plus, if you’ve made additional repayments but need to get that money back for one reason or another, you can do so with the free redraw facility also offered by Well Money. 

Schedule icon

Flexible repayment schedule

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 Money.

Image of coins

Split your loan 

For borrowers who want the best of both worlds, Well Money offers come with the option of splitting your loan between a fixed and variable rate portion.

Image of coins

Offset facility 

Keep your home loan costs low by making use of the full offset account available as an optional extra (for $10 per month) with any Well Money offer. 

Image of coins

No monthly service fee

After you jump into the loan you can focus on making your repayments, without having to worry about any monthly fees.

How are Well Money home loans rated?

Mozo users have rated Well Money home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Well Money home loans
Overall
Price
Features
Customer service
Convenience
Trust

1 Reviews

Recent Well Money home loan reviews

Well Money 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 over 4 years ago

What do you need to apply for a Well Money home loan?

Ready to apply for a home loan from Well Money? As you would expect, you can complete an application online through their website. Before you begin though, it's worth noting that you'll need to be an Australian Citizen or Permanent Resident between the ages of 18 and 65 to apply, and that you may also need some of the following documents: 

Home loan quick links