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Expert review

Marc Terrano

Review by


Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money.

Expert review

Aussie is a mortgage broker, not a bank. The company is a subsidiary of the Commonwealth Bank of Australia Ltd. Credit for Aussie's own mortgage products is provided by several companies.

About this loan

Extra loan details:

  • Repayment type - Interest-only and principal and interest
  • Overpayments - Yes, unlimited
  • Management fees - No

What are the features and benefits of the Aussie Select Basic Variable Rate Home Loan?

  • Very competitive interest rates, with special discounts available depending on how much you borrow.
  • High loan to value ratio of up to 70.01% – 80%.
  • Unlimited overpayments with no charges help you repay the debt faster.
  • Flexible repayments so you can choose how often you make payments.
  • No ongoing account management or admin fees.
  • Redraw facility so you can borrow from any equity you have.

Discounted rates for bigger deposits.

One of the easiest ways to save money on a home loan is to reduce your interest rates.

Although this is a variable rate product, you have the facility to split the loan and fix part of the interest rate. This is a great feature for those who'd like the security and protection from potential interest rate and repayment rises.

Who would this product suit?

This home loan can be suitable for most budgets. Savvy consumers with a good deposit ready will benefit from lower rates, so this is could be ideal for those who've planned ahead. You can borrow up to $5,000,000 with this product, but those looking for a bigger loan will need an excellent credit rating and a higher than average salary.

The Aussie Select Basic Variable Rate Home Loan offers flexibility, affordability and accessibility, making it a "must-see" for anyone looking to get onto (or move up) the property ladder.


How to apply

If you would like to make an enquiry or would like to contact Aussie directly for an application click below and you will be securely directed to their website.

Disclaimer

Credit for Aussie Select home loans is provided by Residential Mortgage Group Pty Ltd ACL 414133. AHL Investments Pty Ltd ("Aussie") Australian Credit Licence 246786 is a subsidiary of the Commonwealth Bank of Australia.

Applications are subject to approval. Conditions, fees and charges apply. Please note that you need to be an Australian citizen or permanent resident to apply.

Home Loan Offers

Important Information*
Logo for Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)
Westpac Flexi First Option Home Loan - Basic Variable Rate (Owner Occupier, P&I)

Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.

Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Up to $4,000 refinance cashback With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up to $4,000 cashback and borrow up to 80% of the property's value (terms, conditions & exclusions apply).

Logo for Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I
Athena Liberate Home Loan - 70% to 80% LVR Owner Occupier, P&I

A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.

Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR ≤ 80% (Owner Occupier, P&I)

Get a competitive variable interest rate with no application fee or ongoing fees.

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