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Well Money Well Balanced

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 principal & interest loan between $200,000 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 $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%
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 90%

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 Principal & Interest 90%-95% $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
Investor Interest Only < 90% $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
  • Owner Occupier (Principal & Interest)
    LVR 90%-95%
    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
  • Investor (Interest Only)
    LVR < 90%
    Loan: $200,000 $2,000,000
Rate
6.19% p.a.
Comparison Rate
6.22% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
6.64% p.a.
Comparison Rate
6.67% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
7.79% p.a.
Comparison Rate
7.82% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
7.44% p.a.
Comparison Rate
6.78% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
6.39% p.a.
Comparison Rate
6.42% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
6.89% p.a.
Comparison Rate
6.92% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
6.69% p.a.
Comparison Rate
6.56% p.a.
Service fee
$0.00
Upfront fee
$785
Rate
7.14% p.a.
Comparison Rate
7.04% p.a.
Service fee
$0.00
Upfront fee
$785

Mozo editorial review Well Money Well Balanced - last updated: 23 May 2024

binocular icon
What's hot
  • Variable rates from 6.19% p.a. (6.22% p.a.comparison rate*)
  • Free extra repayments and redraws allowed
  • Optional offset account ($10/month)
What's not
  • Upfront fees
Mozo snapshot

With variable interest rates starting from just 6.19% p.a. (6.22% p.a.comparison rate*) and handy features such as free extra repayments, a redraw facility and even an optional offset account, the Well Balanced loan from Well Money has a lot going for it.

key icon
Key features

Whether you’re an investor or owner occupier, Well Money's Well Balanced loan offers interest only and principal and interest loans. The variable rates on offer will depend on your loan-to-value ratio (LVR) and borrower type, but they currently go as low as 6.19% p.a. (6.22% p.a.comparison rate*) for owner occupiers with an LVR under 80%.

In terms of features, borrowers will have the option of making free extra repayments towards their loan balance and to redraw any of those extra repayments down the track with the use of the redraw facility. They can also take advantage of the optional offset account (though this will come at a cost of $10/month) or the split account feature which allows mortgage holders to split their rate into variable and fixed portions.

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 Money Well Balanced home loan could offer a deal to suit them.

question icon
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 18 July 2024. 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

6.19% p.a.

n/a

n/a

n/a

6.22% 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

Well Money will pay up to $300 per loan, any excess valuation fees are payable by the borrower(s)

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 18 July 2024. 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

6.64% p.a.

n/a

n/a

n/a

6.67% 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

Well Money will pay up to $300 per loan, any excess valuation fees are payable by the borrower(s)

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 18 July 2024. 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

7.79% p.a.

n/a

n/a

n/a

7.82% 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

90.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$1.00

yes

Optional - $10 per month

Well Money will pay up to $300 per loan, any excess valuation fees are payable by the borrower(s)

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 18 July 2024. 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

7.44% p.a.

n/a

n/a

n/a

6.78% 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

Well Money will pay up to $300 per loan, any excess valuation fees are payable by the borrower(s)

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 18 July 2024. 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

6.39% p.a.

n/a

n/a

n/a

6.42% 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

Well Money will pay up to $300 per loan, any excess valuation fees are payable by the borrower(s)

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 18 July 2024. 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

6.89% p.a.

n/a

n/a

n/a

6.92% 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

Well Money will pay up to $300 per loan, any excess valuation fees are payable by the borrower(s)

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 18 July 2024. 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

6.69% p.a.

n/a

n/a

n/a

6.56% 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

Well Money will pay up to $300 per loan, any excess valuation fees are payable by the borrower(s)

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 18 July 2024. 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

7.14% p.a.

n/a

n/a

n/a

7.04% 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

90.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$1.00

yes

Optional - $10 per month

Well Money will pay up to $300 per loan, any excess valuation fees are payable by the borrower(s)

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 Money 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
Based on 1 Well Money home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest review of Well Money Well Balanced Home Loan

About Well Money

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

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Greater Bank

Great Rate Home Loan

6.04% p.a. variable

6.06% p.a.

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Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

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Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

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HSBC

Home Value Loan

6.09% p.a. variable

6.09% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

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ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

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South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

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Unloan

Variable

5.99% p.a. variable

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a. variable

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a. variable

6.06% p.a.

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Unloan

Variable

6.29% p.a. variable

6.20% p.a.

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ubank

Flex Home Loan

6.24% p.a. variable

6.48% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a. variable

6.20% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a. variable

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a.

6.06% p.a.

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

Thumbnail icon for Aussie
Aussie

Elevate

6.09% p.a.

6.20% p.a.

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.25% p.a.
fixed 3 years

6.20% p.a.

Thumbnail icon for South West Slopes Bank
South West Slopes Bank

Fixed Home Loan Rate

5.69% p.a.
fixed 3 years

6.34% p.a.

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan (Fixed)

6.35% p.a.
fixed 3 years

6.26% p.a.

Thumbnail icon for ING
ING

Fixed Rate Loan

6.09% p.a.
fixed 3 years

6.15% p.a.

Thumbnail icon for ANZ
ANZ

Fixed Rate

6.59% p.a.
fixed 3 years

7.06% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan (Fixed)

6.54% p.a.
fixed 3 years

6.38% p.a.

Thumbnail icon for ubank
ubank

Flex Home Loan Fixed

5.99% p.a.
fixed 3 years

6.41% p.a.

Thumbnail icon for Unloan
Unloan

Variable

5.99% p.a.

5.90% p.a.

$0.00

Thumbnail icon for Greater Bank
Greater Bank

Great Rate Home Loan

6.04% p.a.

6.06% p.a.

$0.00

Thumbnail icon for Police Credit Union
Police Credit Union

Low Rate Home Loan

6.14% p.a.

6.20% p.a.

$0.00

Thumbnail icon for HSBC
HSBC

Home Value Loan

6.09% p.a.

6.09% p.a.

$0.00

Thumbnail icon for Bendigo Bank
Bendigo Bank

Express Home Loan

6.01% p.a.

6.14% p.a.

$10.00 monthly

Thumbnail icon for Macquarie
Macquarie

Basic Home Loan

6.14% p.a.

6.16% p.a.

$0.00

Thumbnail icon for ING
ING

Mortgage Simplifier

6.14% p.a.

6.17% p.a.

$0.00

Thumbnail icon for Macquarie
Macquarie

Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

$248.00 yearly

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.

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