Athena Home Loan Review

Get a competitive mortgage offer from Athena, a high-tech mortgage fintech lender. Compare rates for home owners and investors.

The Athena Variable Home Loan is a competitive mortgage for customers looking to get a competitive rate via a convenient online service, whether as a new borrower or refinancer. It has rates for investors and home buyers.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Review by

Richard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

This loan has principal and interest repayments and rates for investors and owner occupiers. Previously only available for refinance, this loan is now available for new borrowers as well.

Athena mortgages are only available for borrowers living in capital or major regional cities.

About this loan

What are the features and benefits of the Athena Variable Home Loan?

  • Loan amount and purpose. The Athena Variable Home Loan has a minimum borrowing amount of just $100,000 and a maximum borrowing amount of $2,000,000.
  • Rate reductions. As you pay off your Athena home loan and build equity, Athena will automatically lower your interest rate (principal and interest repayments only). This is a feature few lenders offer.
  • Repayment flexibility. You can repay this loan monthly, weekly or fortnightly, and there is no limit on extra repayments.
  • Loan-to-value ratio. You can borrow up to 80% of your property's value.
  • Fees. There are no fees.

What fees and charges come with this loan?

Athena charges no fees.

  • Switching fee: There is no switching fee.
  • Settlement fee: There is no longer a settlement fee.

How to apply

If you'd like to apply for this product or just get more information, click the green button and follow the application process to speak to an Athena mortgage specialist.


To be eligible for an Athena home loan you will need:

  • To be an Australian citizen or permanent resident.
  • To have good credit history.
  • To be buying in a capital city or large regional city.


With any home loan application you will also need the following documents:

  • Identification documents. You will need identification such as a driver's license, passport or birth certificate.
  • Proof of income documents. Recent payslips can establish your income.
  • Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

Home Loan Offers

Important Information*

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.


    Default Gravatar
    July 24, 2019

    Hi! I am living and working in NY, America. I am getting divorced. I will have a property in Sydney, valued at $1.200.000. This property is producing an income of $650 per week. I need to refinance it in order to settle my divorce as I am buying the 50% share that at present belongs to my wife.

    I need to loan $550,000. What is the best way to go about it?

      Default Gravatar
      July 25, 2019

      Hi Raul,

      Thanks for getting in touch!

      You will need to refinance if you are buying out your spouse. It would be best to speak to a mortgage broker as they can give you specific advice on how to go about your plan.

      Hope this clarifies!


    Default Gravatar
    July 24, 2019

    Want to know want to refinance so l can consolidate all loans into1,

    Can l do that.

      Default Gravatar
      July 24, 2019

      Hi Doris,

      Thanks for your questions and for your interest in Athena Home Loans.

      If you’re looking to refinance your home, you can apply for this product or just get more information, select the “Go to site” button and follow the application process to speak to an Athena mortgage specialist. However, you can also check our home refinancing and debt consolidation page if you are looking to consolidate your debts by refinancing your home loan. This page shows you what debts you can consolidate in this type of loan and what steps to take in proceeding with this type of loan.

      As a friendly reminder, carefully review the Product Disclosure Statement of the product before applying. You may also contact the insurance provider should you have any questions about their policy.

      Hope this helps!


    Default Gravatar
    July 4, 2019

    Given the recent interest cuts x2 are these factored into rates available as of now or will they happen over following days/weeks?
    i.e. Will Rates be lower still? When is right time to refinance to take advantage of the cuts?

      Avatarfinder Customer Care
      July 4, 2019

      Hi Tony,

      Thank you for getting in touch with Finder.

      Some lenders/banks held off on implementing the cut for a week or two. It’s possible that lenders may decide to keep their current mortgage rates in place. If you’re with Athena, Athena has passed on the latest 2 rate cuts, so you don’t need to wait to refinance. Also, if the rate changes (up or down) for new customers Athena will match it for existing customers.

      I hope this helps.

      Thank you and have a wonderful day!


Go to site