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Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206) and a Tier 1 Generic Knowledge certification (RG 146).

Expert review

The Aussie Select Basic Variable Rate Home Loan is a simple, straightforward loan product that is ideal for those seeking a low-fee loan. There are no upfront application fees and no ongoing fees, and you can make extra repayments without penalty. Depending on your specific situation (ie investor or owner occupier), you may be able to get this loan with a deposit as low as 5% to 10% (keeping in mind that lenders mortgage insurance applies on all loans below 80% LVR).

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.
  • 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 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.


Credit services for Aussie Select products are provided by AHL Investments Pty Ltd ACN 105 265 861 ("Aussie") and its appointed credit representatives, Australian Credit Licence 246786. © 2021 Aussie. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133, Australian Credit Licence 414133 ("RMG"). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945.

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.

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    Default Gravatar
    January 10, 2023

    can someone please reply to my email
    Wanting to re-finance investment loan currently in place

    Await your reply
    Ian Sampson

      January 13, 2023

      Hi Ian,

      You’ve reached Finder. If you would like to contact Aussie, their phone number is 13 13 33. You can also book an appointment or talk to your local Aussie Broker.

      Kind regards,

      January 13, 2023

      Hi Ian,

      You’ve reached Finder. If you would like to contact Aussie, their phone number is 13 13 33. You can also book an appointment or talk to your local Aussie Broker.

      Kind regards,

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