Reduce Home Loans home loan reviews

Reduce Home Loans
Reduce Home Loans's overall rating for home loans

(as rated by the Mozo community)

9.5 / 10

based on 4 reviews

Price

Features

Customer service

Convenience

Trust

Featured home loan from Reduce Home Loans

Recent Reduce Home Loans home loan reviews

Reduce Home Loans

Reduce Home Loans home loan review

Overall rating   10 / 10

Happy Camper

Refinanced and was a bit sceptical at 1st as it was the first time I had dealt with a non bank, let alone online so I checked them out on various Review sites and to my surprise found the were rates 5 stars by Canstar which my Bank wasn't. I am...

Full review

Refinanced and was a bit sceptical at 1st as it was the first time I had dealt with a non bank, let alone online so I checked them out on various Review sites and to my surprise found the were rates 5 stars by Canstar which my Bank wasn't. I am happy to say dealing with Reduce was leagues above my Bank who have known me for over 15 years and they have the lowest 'genuine' rate by a Country mile.

    Price   10 / 10

    Features   8 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   7 / 10

Less

Pete (NSW), reviewed about 2 years ago

Reduce Home Loans

Reduce Home Loans home loan review

Overall rating   10 / 10

Reduced home loans reduced my rate!

I received a great rate and great service from Reduced HL. Compare if you like, but you won't get service like this from the big banks! I got a great rate on a fixed term & they're only a phone call away if I have any questions. 10/10.

Full review

I received a great rate and great service from Reduced HL. Compare if you like, but you won't get service like this from the big banks! I got a great rate on a fixed term & they're only a phone call away if I have any questions. 10/10.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Christopher (NSW), reviewed over 2 years ago

Reduce Home Loans

Reduce Home Loans home loan review

Overall rating   10 / 10

Very helpful and such a great interest rate.

I just got my loan through Reduce and I can say I would happily recommend them to anybody, Rhyse was very knowledgeable and helped guide me through everything. Thank you.

Full review

I just got my loan through Reduce and I can say I would happily recommend them to anybody, Rhyse was very knowledgeable and helped guide me through everything. Thank you.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Jess (QLD), reviewed over 2 years ago

Reduce Home Loans

Reduce Home Loans home loan review

Overall rating   10 / 10

True to name reducing my rate and the red tape!

Awesome service, great rate, free ATM transactions and no interest Visa even for cash advances had me laughing all the way away from the Bank!

Full review

Awesome service, great rate, free ATM transactions and no interest Visa even for cash advances had me laughing all the way away from the Bank!

    Price   10 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Edward (QLD), reviewed about 3 years ago

Reduce Home Loans

Reduce Home Loans home loan review

Overall rating   8 / 10

Best when compared to rest

Good, reliable .

Full review

Good, reliable .

    Price   7 / 10

    Features   7 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Pramatha (VIC), reviewed about 3 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 (Owner Occupier, Principal & Interest)

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

    • A super-low rate available to purchases & refinance
    • 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

    3.64% p.a. variable

    comparison rate*

    3.66% p.a.

    upfront fees

    $520

    Go to site

    More info

    • A super-low rate available to purchases & refinance
    • 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: 3.64% p.a. variable
    • Comparison rate*: 3.66% 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: $2,000,000
    • 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

  • NAB Base Variable Rate Home Loan Special Offer (Owner Occupier, Principal & Interest)

    NAB Base Variable Rate Home Loan Special Offer (Owner Occupier, Principal & Interest)

    • Low ongoing rate
    • No annual or monthly fees
    • Free extra repayments and redraw facility

    interest rate

    3.69% p.a. variable

    comparison rate*

    3.73% p.a.

    upfront fees

    $600

    Go to site

    More info

    • Low ongoing rate
    • No annual or monthly fees
    • Free extra repayments and redraw facility
    • Interest rate: 3.69% p.a. variable
    • Comparison rate*: 3.73% p.a.
    • Upfront fees: $600
    • Ongoing fees: $0.00
    • Discharge fee: $350.00
    • Extra repayments: yes - free
    • Redraw facility: yes
    • Offset account: no
    • Maximum loan to value ratio: 95.00%
    • Minimum loan amount: $20,000
    • Maximum loan amount:
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    7.2

    Based on 864 NAB home loan reviews

    Need more information?
    Go to site

    More info

  • AMP Variable Rate Loan (Owner Occupier, Principal & Interest) (Professional Package)

    AMP Variable Rate Loan (Owner Occupier, Principal & Interest) (Professional Package)

    • Need a loan that responds to your borrowing needs and financial goals
    • Offers the flexibility to structure debt effectively
    • 3.69% Variable Rate

    interest rate

    3.64% p.a. variable

    comparison rate*

    4.02% p.a.

    upfront fees

    $295

    Go to site

    More info

    • Need a loan that responds to your borrowing needs and financial goals
    • Offers the flexibility to structure debt effectively
    • 3.69% Variable Rate
    • Interest rate: 3.64% p.a. variable
    • Comparison rate*: 4.02% p.a.
    • Upfront fees: $295
    • Ongoing fees: $349.00 yearly
    • Discharge fee: $100.00
    • Extra repayments: yes - free
    • Redraw facility: yes
    • Offset account: yes
    • Maximum loan to value ratio: 90.00%
    • Minimum loan amount: $750,000
    • Maximum loan amount: $2,000,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Weekly, Fortnightly, Monthly
    Overall rating

    6.3

    Based on 51 AMP home loan reviews

    Need more information?
    Go to site

    More info

  • CUA Advance Variable Home Loan (Owner Occupier, Principal & Interest)

    CUA Advance Variable Home Loan (Owner Occupier, Principal & Interest)

    • Offset your interest to save
    • Free redraw facility for easy access to additional payments
    • No monthly or application fees

    interest rate

    3.65% p.a. variable

    comparison rate*

    3.66% p.a.

    upfront fees

    $195

    Go to site

    More info

    • Offset your interest to save
    • Free redraw facility for easy access to additional payments
    • No monthly or application fees
    • Interest rate: 3.65% p.a. variable
    • Comparison rate*: 3.66% p.a.
    • Upfront fees: $195
    • Ongoing fees: $0.00
    • Discharge fee: $500.00
    • Extra repayments: yes - free
    • Redraw facility: yes - free
    • Offset account: yes - up to $50,000 maximum
    • Maximum loan to value ratio: 90.00%
    • Minimum loan amount: $100,000
    • Maximum loan amount: $5,000,000
    • Type of loan: Variable
    • Repayment types: Principal & Interest
    • Availability: Owner Occupier
    • Repayment options: Monthly
    Overall rating

    7.8

    Based on 89 CUA home loan reviews

    Need more information?
    Go to site

    More info

  • 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
    • Get $1,000 cash into a USaver account on any loan (new or refinance) over $200k. (T&Cs apply).
    • 20% minimum deposit required

    interest rate

    3.69% p.a. variable

    comparison rate*

    3.69% p.a.

    upfront fees

    $0

    Go to site

    More info

    • $0 application fee for variable rate, $0 ongoing fees, $0 annual fees
    • Get $1,000 cash into a USaver account on any loan (new or refinance) over $200k. (T&Cs apply).
    • 20% minimum deposit required
    • Interest rate: 3.69% p.a. variable
    • Comparison rate*: 3.69% 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: $200,000
    • Maximum loan amount: $699,999
    • 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

Want more? Compare all 504 home loans in the Mozo comparison engine.

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*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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