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Freedom Lend Variable Home Loan

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Enjoy a high loan-to-value ratio and no ongoing fees with Freedom Lend’s Variable Home Loan.

If you’re looking for a home loan that will allow you to borrow up to 95% of the value of the property you wish to purchase, the Freedom Lend Variable Home Loan is designed with you in mind.

Available for loans of up to $5,000,000, this loan also offers no ongoing monthly or annual fees to help you pay off your loan quicker. Other loan features include the ability to make extra repayments and a 100% offset account to help you save money on the interest charged on your loan.

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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

Freedom Lend is an Australian-owned lender that is based online. The Freedom Lend Variable Home Loan is a full doc loan and is available for those buying a residential property, an investment property or looking to refinance an existing loan.

The main feature of the loan is, as the name suggests, to allow you to borrow up to 95% LVR. However, borrowers looking to access a loan at more than 80% LVR will need to remember that they will also have to pay for lender’s mortgage insurance (LMI).

About this loan

Features of the Freedom Lend Variable Home Loan

  • Maximum loan amount. The Freedom Lend Variable Home Loan allows you to borrow between $50,000 and $5,000,000.
  • Maximum LVR. As mentioned, the maximum LVR with this loan is 95% but you will need to take out LMI if you borrow more than 80% LVR.
  • Offset account. A 100% offset account is attached to the Freedom Lend Variable Home Loan to help you reduce your interest repayments.
  • Repayment flexibility. This loan offers the choice of a weekly, fortnightly or monthly repayment schedule to suit your budget and pay cycle. It also allows you to make additional repayments at any time, while interest-only repayments are available as well.
  • Redraw facility. The Freedom Lend Variable Home Loan allows you to access the additional repayments you make via unlimited free redraws.
  • Loan split. Another feature of this loan is that it can be split up to four times to suit your borrowing needs.

What fees and charges come with this loan?

This mortgage has almost no fees if you're borrowing above $350,000. Some of the following fees may apply depending on your loan size.

  • Application fee: $0. This fee will cover the costs associated with preparing your loan documents and setting up your mortgage facility.
  • Legal fee: $0. This fee covers the third party legal costs that Freedom Lend incurs as a result of approving your loan.
  • Valuation fee: $0. This fee covers the cost the lender incurs when they get your property independently valued.
  • Exit fee: $0. This fee must be paid when you exit your loan.

How to apply

You'll need to be a permanent Australian resident and 18 years or over to be eligible, and once you've completed the online application, Freedom Lend will contact you as soon as possible to let you know if your application has been accepted.

You'll also need to supply the following information during the loan application process:

  • Your name, address, email address and phone number
  • Your date of birth
  • Proof of ID, perhaps including our driver's licence and/or passport
  • Details of your current employment and evidence of your income
  • Proof of your savings history
  • Details of the assets you own
  • Information about any liabilities in your name
  • A copy of the contract of sale

The Freedom Lend Variable Home Loan is a competitive loan for those who don't have a large deposit saved, add it to your comparison today.

Home Loan Offers

Important Information*
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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.

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

Up to $4,000 refinance cashback. A competitive variable rate loan from St.George. Refinancers borrowing $250,000 or more can get $4,000 cashback (Other terms, conditions and exclusions apply).

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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.

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UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupiers, Variable P&I Rate

Take advantage of a low-fee mortgage with a special interest rate of just 2.49% p.a. and a 2.49% p.a. comparison rate.

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