Yard home loans

Based entirely online, Australian lender Yard came on the scene in 2017 with a mission to design home loans for the digital generation. Yard offers variable rate home loans with tailored rates, depending on your individual circumstances.

Yard prides itself on its use of the latest technology to cut down on needless, excessive paper forms. And when it comes to home loans, the online lender offers a tool designed to help you narrow down rates depending on your location, credit rating and occupation, giving you more of an idea of what kind of rate you personally can get. As well as home loans, Yard also offers construction loans, bridging loans and SMSF loans (Self-Managed-Super-Fund).

What home loans do Yard offer?

Rates and fees verified as correct at 27 October, 2020. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

Home loan repayments calculator

years

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

3.25% p.a.

3.12% p.a.

$0.00

$835

2.75% p.a.

2.74% p.a.

$0.00

$835

3.10% p.a.

3.29% p.a.

$0.00

$835

2.85% p.a.

2.97% p.a.

$0.00

$835

Variable Rate Home Loans

Depending on your occupation, location and what kind of credit rating you have, Yard home loans have a number of competitive variable rates for investors and owner-occupiers. As with all Yard’s home loans, borrowers can take out loans from as little as $150,000 to as much as $5 million. 

Yard’s variable rate home loans come with a number of optional features, including the ability to make unlimited additional repayments, free of charge, a free redraw facility and an optional offset account, although this does come with a $120 annual fee. Yard offers home loans with a 80% loan to value ratio (LVR), meaning you can take out a home loan with a 20% deposit.

Home loan repayments calculator

years

Product Rate Comparison Rate* Service fee Upfront fee Monthly repayments ‡

2.99% p.a.

3.01% p.a.

$0.00

$835

2.65% p.a.

2.68% p.a.

$0.00

$835

2.39% p.a.

2.42% p.a.

$0.00

$835

2.19% p.a.

2.22% p.a.

$0.00

$835

3.27% p.a.

3.42% p.a.

$0.00

$835

2.92% p.a.

2.95% p.a.

$0.00

$835

*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.

‡ Results from this calculation are estimates only as individual lenders apply different formulas. Actual repayments will depend on your individual circumstances and interest rate changes.

Yard home loan features in a glance

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Free extra repayments

Yard allows you to make unlimited additional repayments, free of charge on a variable rate home loan and repayments up to $20,000 per year, free of charge on a fixed rate home loan.

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Free redraw facility

Yard offers a redraw facility with unlimited online redraws, free of charge with variable rate home loans.

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Optional offset account

To help reduce your interest payments, Yard offers an optional 100% offset account with variable rate home loans, this facility comes with a $120 annual fee.

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Split your loan

If you want to have the best of both worlds and take advantage of a more secure fixed rate and a lower variable rate, you can. Yard gives you the option to split your loan into multiple loan accounts, each with different interest rates.

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Owner occupier and investor loan options

Yard offers variable and fixed rate home loans for both owner-occupiers and investors for borrowers with a 20% deposit. 

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Flexible repayment schedule

Yard gives you the option to make repayments, weekly, fortnightly or monthly, so you can fit them in with the rest of your finance calendar. 

What do you need to apply for a Yard home loan?

If you’ve trawled through all the home loans on offer and decided that Yard’s is the right one for you, the next step is to apply. Before you start filling out the online application, you’ll need to make sure you have the following:

  • The address of the property you’re looking to buy or the area you’re searching in.
  • A mobile phone handy to take a selfie to verify your ID. (Who knew selfies would one day help you get one step closer to becoming a homeowner?)
  • Identity documents, including an Australian driver’s licence, a passport or Medicare card.
  • Your financial details, including your most recent credit rating.

Or if you’re self-employed you’ll need:

  • A minimum of two years ABN trading.
  • The previous two years of tax returns and tax assessment notices.
  • A minimum of one year tax returns, supported with BAS statements from the previous twelve months.

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