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 fixed and variable rate home loans with tailored rates, depending on your individual circumstances.

Yard prides itself on its flexibility and use of the latest technology, offering borrowers a tool designed to help narrow down rates depending on location, credit rating and occupation.

What home loans do Yard offer?

Rates and fees verified as correct at 20 April, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

For owner occupiers or investors looking to lock in their rate for 1, 2, 3 or 5 years, Yard's Fixed Home Loan could be the offer they've been looking for. The fixed rate mortgage is available on loan amounts from $150,000 to $5,000,000 up to 90% of the property's value, and it offers principal and interest or interest-only repayment options for both types of borrowers. Speaking of repayments, borrowers can pay off their loan on a weekly, fortnightly or monthly schedule, and they'll be able to make extra repayments in order to pay it off faster (free up to $20,000 p.a.). There are a number of one-off fees to consider though, so check out the linked reviews below for more information on those and all the fine details. 

Home loan repayments calculator

years

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

3.35% p.a.

3.33% p.a.

$0.00

$849

3.25% p.a.

3.31% p.a.

$0.00

$849

2.85% p.a.

2.77% p.a.

$0.00

$849

2.29% p.a.

2.36% p.a.

$0.00

$849

3.20% p.a.

3.11% p.a.

$0.00

$849

3.10% p.a.

3.08% p.a.

$0.00

$849

2.95% p.a.

2.88% p.a.

$0.00

$849

2.85% p.a.

2.80% p.a.

$0.00

$849

Variable Rate Home Loans

Depending on your occupation, location and what kind of credit rating you have, Yard also has a number of competitive variable rates offers open to investors and owner occupiers. As with Yard’s fixed home loan offer, borrowers can take out loans from as little as $150,000 to as much as $5 million with the Variable Home Loan, though the Variable Home Loan Special offer is capped at 1,500,000. Yard’s variable home loans come some seriously competitive rates as well as a number of handy features, including the ability to make unlimited additional repayments, free of charge, a free redraw facility and even an optional offset account ($10/month fee applies).Like the fixed offers, there are a few one-off fees to weigh up though, so find out more about those in the table below. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments

3.24% p.a.

3.21% p.a.

$0.00

$849

2.65% p.a.

2.68% p.a.

$0.00

$849

2.29% p.a.

2.32% p.a.

$0.00

$849

2.09% p.a.

2.12% p.a.

$0.00

$849

2.84% p.a.

2.93% p.a.

$0.00

$849

2.99% p.a.

3.22% p.a.

$0.00

$849

2.45% p.a.

2.48% p.a.

$0.00

$849

2.77% p.a.

2.80% p.a.

$0.00

$849

Yard home loan features in a glance

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Free extra repayments and redraw facility

Yard allows you to make unlimited additional repayments, free of charge, on its variable rate home loans and repayments up to $20,000 per year, free of charge, on its fixed rate loan. Yard also offers a free redraw facility with unlimited online redraws with its 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 its variable rate home loans, though this facility does come with a $10 monthly fee. 

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Flexible repayment schedule

Yard gives its mortgage customers the option of making their repayments on a weekly, fortnightly or monthly basis. That way you'll be able to 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.

Home loan quick links