Your selected home loans
No application, valuation or settlement fees
Lending up to $5 million
Free redraw facility.
$330 legal fee
$535 discharge fee
No offset account available.
With over three decades in the game, Aussie’s Select Basic Variable represents everything a basic home loan should be: no-frills, no ongoing fees, and a free redraw facility to top it all off.
The Select Basic Variable is a solid option for loans between $100,000 to $5 million and comes with a competitive interest rate of 6.14% p.a. (6.17% p.a. comparison rate*) for borrowers with 70-80% LVR.
Upfront fees are relatively low compared to other home loans we track, thanks to no application, valuation, or settlement fees being charged. However, there is a legal fee of $330 to cover at the start of your mortgage and a $535 discharge fee at the end.
While it doesn’t come with an offset account (which is normal for a basic home loan), the free redraws Aussie lets you make are a useful feature. If you’ve made extra repayments and need access to cash, not having to pay a fee to redraw your funds is a bonus.
If you’re interested in an Aussie home loan with an offset, then check out Aussie’s Elevate home loan.
Get competitive rates on loan terms of 5 to 30 years with the Aussie Elevate Home Loan. Structure your loan with up to five splits. Make additional repayments (T&Cs apply). Offset accounts available. Unlimited redraw using your online banking account. Choose from weekly, fortnightly or monthly payments For loan amounts from $10,000 to $5 million.
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Your selected home loans
Aussie were amazing, we had a situation where one of the brokers messed up our application and then took off, when we were a week out of exchanging contracts we discovered this. We thought we had already had everything approved. After contacting Aussie we'd discovered what had happened and they were amazing, in one week, they rushed us through and got our approval for us 20 minutes before we were exchanging contracts. It was such a stressful time and Aussie came to the rescue and my partner and I successfully purchased our first home.
We have been with Aussie for 2 years, 1 of those years has been in a fixed rate. We have never had any issues with Aussie when we have had to call them.
What a unprofessional set up poor service. Promises then can't do lies. Took 3 weeks to even look at my documents no I loose the sale what a crap service. Mr symons would be discussed as he built a reliable home loan company. Then along comes CBA bank crap bank cant careless about the custermer.. CBA shame and guilt to you. Aussie home loans just crap.
Aussie was started by a man named John Symond in 1992, with a vision to take on the big banks and help Australians save money.
Aussie is owned by the Lendi Group, which consists of shareholders including CommBank, 1835i (ANZ), Macquarie Bank, UniSuper, and more.
* 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.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
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