Ratebusters home loan reviews

Ratebusters
Ratebusters's overall rating for home loans

(as rated by the Mozo community)

0.0 / 10

based on 1 reviews

Price

Features

Customer service

Convenience

Trust

Recent Ratebusters home loan reviews

Ratebusters

Ratebusters home loan review

Overall rating   0 / 10

Never use them

I would not recommend Ratebusters to anyone. It has been the worst experience ever dealing with them, you think I would have stopped in the early stages of applying for the loan, but no. And now that we have sold our house, and just received out...

Full review

I would not recommend Ratebusters to anyone. It has been the worst experience ever dealing with them, you think I would have stopped in the early stages of applying for the loan, but no. And now that we have sold our house, and just received out final payout of funds from them it has cost us thousands on top of what you actually owed at settlement. So please I would like to advise you not to use this company ever. Yes I know Ratebusters made a lot of extra money for doing nothing.

    Price   3 / 10

    Features   1 / 10

    Customer service   3 / 10

    Convenience   2 / 10

    Trust   2 / 10

Less

Kt (WA), reviewed about 4 years ago

Ratebusters

Ratebusters home loan review

Overall rating   0 / 10

Ratebusters are deceitful. I'm sorry if that seems like strong language, but there is no other phrase to describe the way in which they lure you in with a competitive rate, then gradually increase it well above what they advertise on their...

Full review

Ratebusters are deceitful. I'm sorry if that seems like strong language, but there is no other phrase to describe the way in which they lure you in with a competitive rate, then gradually increase it well above what they advertise on their website. When challenged about this, their response is "the advertised rate is for new customers only." And because of the outrageous break fess, you are locked in for 5 years. Avoid them like the plague. I wish I had.

    Price   2 / 10

    Features   3 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Bill (QLD), reviewed about 6 years ago

Ratebusters

Ratebusters home loan review

Overall rating   9 / 10

Excellent customer service. Very low interest rates. Offset account allows any moneys to be withdrawn at any time. Credit card linked to account allowed money to be withdrawn from any ATM (now only Westpac)

Full review

Excellent customer service. Very low interest rates. Offset account allows any moneys to be withdrawn at any time. Credit card linked to account allowed money to be withdrawn from any ATM (now only Westpac)

    Price   9 / 10

    Features   -1 / 10

    Customer service   10 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Andrew (VIC), reviewed about 6 years ago

Ratebusters

Ratebusters home loan review

Overall rating   9 / 10

They have been very helpful with multiple loans, always have very good rates.

Full review

They have been very helpful with multiple loans, always have very good rates.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Gavin (VIC), reviewed about 6 years ago

Ratebusters

Ratebusters home loan review

Overall rating   4 / 10

Ratebusters had won lender of the year for 3 years running and their rate was about 0.2% lower than the "professional pack" offered by the big 4. However, 3 years on, I still have hefty exit fees and they are now charging 0.1% higher than the...

Full review

Ratebusters had won lender of the year for 3 years running and their rate was about 0.2% lower than the "professional pack" offered by the big 4. However, 3 years on, I still have hefty exit fees and they are now charging 0.1% higher than the professional pack of the big 4. They do however have "another product" which is at a lower rate! I feel like I've been sucked in, locked in and ripped off.

    Price   2 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   4 / 10

Less

Jon (NSW), reviewed almost 7 years ago

Ratebusters

Ratebusters home loan review

Overall rating   1 / 10

Huge application and exit fee. Poor service. Higher interest rate than other banks. Nothing to recommend at all.

Full review

Huge application and exit fee. Poor service. Higher interest rate than other banks. Nothing to recommend at all.

    Price   1 / 10

    Features   1 / 10

    Customer service   1 / 10

    Convenience   3 / 10

    Trust   0 / 10

Less

(QLD), reviewed over 7 years ago

Ratebusters

Ratebusters home loan review

Overall rating   9 / 10

Exorbitant late payment fees

Full review

Exorbitant late payment fees

    Price   10 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Mozo reviewer (VIC), reviewed almost 9 years ago

Ratebusters

Ratebusters home loan review

Overall rating   5 / 10

    Price   5 / 10

    Features   / 10

    Customer service   5 / 10

    Convenience   / 10

    Trust   5 / 10

Less

Mozo reviewer (WA), reviewed about 9 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Home loan comparisons on Mozo - rates updated daily

  • MOZO EXPERTS CHOICE AWARDS 2016

    loans.com.au Essentials Variable 80 Homebuyer Special (Owner Occupier, Principal & Interest)

    loans.com.au Essentials Variable 80 Homebuyer Special (Owner Occupier, Principal & Interest)

    • A super-low rate available to purchases and 20% minimum deposit required
    • No monthly fees, Redraw facility with no minimum
    • Split loan facility – up to five free splits with fixed rate or identical variable loan product

    interest rate

    3.54% p.a. variable

    comparison rate*

    3.56% p.a.

    upfront fees

    $520

    Go to site

    More info

    • A super-low rate available to purchases and 20% minimum deposit required
    • No monthly fees, Redraw facility with no minimum
    • Split loan facility – up to five free splits with fixed rate or identical variable loan product
    • Interest rate: 3.54% p.a. variable
    • Comparison rate*: 3.56% p.a.
    • Upfront fees: $520
    • Ongoing fees: $0.00
    • Discharge fee: $0.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: no
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $50,000
    • Maximum loan amount: $1,000,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    7.2

    Based on 202 loans.com.au home loan reviews

    Need more information?
    Go to site

    More info

  • State Custodians Low Rate Home Loan with Offset (LVR<80%, Owner Occupier, Principal & Interest)

    State Custodians Low Rate Home Loan with Offset (LVR<80%, Owner Occupier, Principal & Interest)

    • $0 Application Fee, Free Redraws, Extra Repayments
    • P&I or Interest Only Up to 5yrs
    • Free 100% Offset Account

    interest rate

    3.64% p.a. variable

    comparison rate*

    3.67% p.a.

    upfront fees

    $286

    Go to site

    More info

    • $0 Application Fee, Free Redraws, Extra Repayments
    • P&I or Interest Only Up to 5yrs
    • Free 100% Offset Account
    • Interest rate: 3.64% p.a. variable
    • Comparison rate*: 3.67% p.a.
    • Upfront fees: $286
    • Ongoing fees: $0.00
    • Discharge fee: $300.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: yes
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $100,000
    • Maximum loan amount: $2,000,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    8.7

    Based on 3 State Custodians home loan reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2016

    Featured product

     

    UBank UHomeLoan - Discount Offer (Owner Occupier, Principal & Interest)

    UBank UHomeLoan - Discount Offer (Owner Occupier, Principal & Interest)

    • $0 application fee for variable rate, $0 ongoing fees, $0 annual fees
    • No monthly fees
    • 20% minimum deposit required

    interest rate

    3.74% p.a. variable

    comparison rate*

    3.74% p.a.

    upfront fees

    $0

    Go to site

    More info

    • $0 application fee for variable rate, $0 ongoing fees, $0 annual fees
    • No monthly fees
    • 20% minimum deposit required
    • Interest rate: 3.74% p.a. variable
    • Comparison rate*: 3.74% p.a.
    • Upfront fees: $0
    • Ongoing fees: $0.00
    • Discharge fee: $0.00
    • Extra repayments: yes - free
    • Redraw facility: yes
    • Offset account: no
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $100,000
    • Maximum loan amount: $700,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    4.8

    Based on 56 UBank home loan reviews

    Need more information?
    Go to site

    More info

  • MOZO EXPERTS CHOICE AWARDS 2016

    Newcastle Permanent Discounted Variable Home Loan (Owner Occupier, Principal & Interest) (Premium Plus Package)

    Newcastle Permanent Discounted Variable Home Loan (Owner Occupier, Principal & Interest) (Premium Plus Package)

    • 100% Offset Facility
    • $0 application fee for Personal and Car Loans
    • Additional repayments and redraws at any time

    interest rate

    3.64% p.a. variable

    comparison rate*

    4.03% p.a.

    upfront fees

    $0

    Go to site

    More info

    • 100% Offset Facility
    • $0 application fee for Personal and Car Loans
    • Additional repayments and redraws at any time
    • Interest rate: 3.64% p.a. variable
    • Comparison rate*: 4.03% p.a.
    • Upfront fees: $0
    • Ongoing fees: $395.00 yearly
    • Discharge fee:
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: yes
    • Maximum loan to value ratio: 80.00%
    • Minimum loan amount: $150,000
    • Maximum loan amount:
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    8.5

    Based on 80 Newcastle Permanent home loan reviews

    Need more information?
    Go to site

    More info

  • HSBC Discounted Home Value Loan (Owner Occupier, Principal & Interest)

    HSBC Discounted Home Value Loan (Owner Occupier, Principal & Interest)

    • Owner occupier only
    • Available to new borrowings to HSBC of $50,000 or more
    • Your own Personal Relationship Manager

    interest rate

    3.65% p.a. variable

    comparison rate*

    3.66% p.a.

    upfront fees

    $0

    Go to site

    More info

    • Owner occupier only
    • Available to new borrowings to HSBC of $50,000 or more
    • Your own Personal Relationship Manager
    • Interest rate: 3.65% p.a. variable
    • Comparison rate*: 3.66% p.a.
    • Upfront fees: $0
    • Ongoing fees: $0.00
    • Discharge fee: $300.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: no
    • Maximum loan to value ratio: 90.00%
    • Minimum loan amount: $50,000
    • Maximum loan amount: $7,500,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    7.1

    Based on 32 HSBC home loan reviews

    Need more information?
    Go to site

    More info

Want more? Compare all 527 home loans in the Mozo comparison engine.

Compare more home loans

Look for a specific type of home loan:

*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Back to top