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Compare home loan rates, fees and features from 20+ Australian lenders and get a better deal.

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UBank Home Loan Offer

UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

2.59 % p.a.

variable rate

2.59 % p.a.

comparison rate

UBank Home Loan Offer

Get a low rate home loan with unlimited redraws and no upfront or ongoing fees.

  • Interest rate of 2.59% p.a.
  • Comparison rate of 2.59% p.a.
  • Application fee of $0
  • Maximum LVR: 80%
  • Minimum borrowing: $200,000
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Compare the latest home loans July 2020

Compare mortgage products in the table below. Click on the green buttons to leave your details and begin an enquiry.

Data indicated here is updated
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Loan type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
2.59%
2.59%
$0
$0 p.a.
80%
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees.
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
2.64%
2.66%
$500 (waived for loans above $150,000)
$0 p.a.
80%
Refinancers borrowing $250,000 or more can get a $2,000 cashback per property (Other terms, conditions and exclusions apply). A low variable interest rate for home buyers and refinancers. Application fee waived for loans above $150,000.
loans.com.au Smart Home Loan - (Owner Occupier, P&I)
2.57%
2.59%
$0
$0 p.a.
80%
Get a low variable interest rate and pay 0 application or ongoing fees with this convenient online lender.
HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)
2.65%
2.66%
$0
$0 p.a.
80%
Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
2.78%
2.79%
$0
$0 p.a.
90%
Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000. Refinance to an eligible Suncorp loan and get a cashback of $2,000 or $3,000, depending on your loan amount. Other conditions apply.
ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)
2.49%
3.41%
$0
$395 p.a.
80%
Lock in a competitive rate for owner occupiers for two years. Comes with a 100% offset account.
Bankwest Complete Home Loan Package Variable - $200k to <$750k LVR <=80% (Owner Occupier, P&I)
2.73%
3.18%
$0
$395 p.a.
80%
A low variable rate loan with a 100% offset account and package discounts.
loans.com.au Essentials - Variable (Owner Occupier, P&I)
2.79%
2.81%
$0
$0 p.a.
90%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $1000000 from a convenient online lender.
Bluestone Prime Direct (Owner Occupier, P&I)
2.59%
2.86%
$590
$15 monthly ($180 p.a.)
70%
Bluestone's Prime Direct is a competitive variable rate home loan for borrowers with 30% deposits.
Virgin Money Reward Me Fixed Rate Home Loan - 2 Year $300k+ Special offer (Owner Occupier, P&I)
2.29%
2.91%
$300
$10 monthly ($120 p.a.)
80%
Buy your home and lock in a low rate for the first two years. Get a $2,500 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 28 August and settle by 30 October 2020.
Bank of Melbourne Basic Home Loan - Special Offer (Owner Occupiers, P&I) LVR above 60% up to 80%
2.64%
2.66%
$500 (waived for loans above $150,000)
$0 p.a.
80%
Refinancers borrowing $250,000 or more can get a $2,000 cashback per property (Other terms, conditions and exclusions apply). A low variable interest rate for home buyers and refinancers. Application fee waived for loans above $150,000.
Virgin Money Reward Me Variable Home Loan - LVR <= 60% ($750k+ Owner Occupier, P&I)
2.60%
2.77%
$300
$10 monthly ($120 p.a.)
60%
A competitive variable rate loan for home buyers with large deposits. Get a $2,500 cashback when you switch to Virgin Money with a loan amount of $300,000 or more with an LVR up to 80%. You must apply by 28 August and settle by 30 October 2020.
HSBC Home Value Loan - Promotional Offer LVR 90% (Owner Occupier, P&I)
2.80%
2.81%
$0
$0 p.a.
90%
A competitive value home loan with no ongoing fee.
Hunter United No Regrets Home Loan - Owner Occupier
2.79%
2.79%
$0
$0 p.a.
90%
Home buyers can get a competitive variable rate loan with a 100% offset account and low fees.
BankSA Basic Home Loan - Promotional Rate (Owner Occupier, P&I)
2.64%
2.66%
$500 (waived for loans above $150,000)
$0 p.a.
80%
Refinancers borrowing $200,000 or more can get a $2,000 cashback per property (Other terms, conditions and exclusions apply). Buyers and refinancers can get this competitive variable interest rate. A low variable interest rate for home buyers and refinancers. Application fee waived for loans above $150,000.
IMB Budget Home Loan - Special LVR <=90% (Owner Occupier, P&I, NSW and ACT borrowers only)
2.78%
2.84%
$449
$0 p.a.
90%
NSW and ACT customers only. You can get an interest rate discount for a limited time with this competitive variable mortgage.
Greater Bank Great Rate Discount Variable with Family Pledge Home Loan - Up to 110% LVR
2.94%
2.95%
$0
$0 p.a.
110%
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, QLD and ACT only.
Well Home Loans Balanced Fixed Home Loan - 2 Year (Owner occupier, P&I)
2.22%
2.46%
$250
$0 p.a.
90%
A low fixed mortgage with an optional 100% offset account. Not available for construction purposes.
Well Home Loans Balanced Variable - LVR 80% (Owner occupier, P&I)
2.47%
2.50%
$250
$0 p.a.
80%
A very low interest rate for home buyers with 20% deposits saved. Add an offset account for a small fee. Not available for construction purposes.
HSBC Fixed Rate Home Loan - 2 Year Fixed Rate LVR 80% or below (Owner Occupier, P&I)
2.09%
2.98%
$0
$0 p.a.
80%
Lock in a competitive fixed rate for 2 years and buy your home with a 20% deposit.
Newcastle Permanent Building Society Fixed Rate Home Loan - 1 Year Fixed (Owner Occupier, P&I)
2.49%
4.12%
$595
$0 p.a.
90%
Investors can take advantage of a short term fixed rate with no ongoing fees.
CUA Achieve Variable Home Loan - $500k+ (Owner Occupier, P&I)
2.73%
2.78%
$600
$0 p.a.
95%
Home buyers can get a competitive, low-fee variable rate plus a 100% offset account. Low deposit option available. Eligible new home buyers with low deposits can apply for the First Home Loan Deposit Scheme with this lender and avoid LMI costs.
UBank UHomeLoan - 3 Year Fixed Rate (Owner Occupier, P&I)
2.14%
2.59%
$395
$0 p.a.
80%
A competitive fixed interest rate loan with no ongoing fees. Requires a 20% deposit.
Suncorp Home Package Plus Fixed - 2 Year Fixed Rate Special Offer $150k+ LVR ≤90% (Owner Occupier, P&I)
2.29%
3.32%
$0
$375 p.a.
90%
A low fixed rate loan available for borrowers with 10% deposits. Refinance to an eligible Suncorp loan and get a cashback of $2,000 or $3,000, depending on your loan amount. Other conditions apply.
IMB Fixed Rate Home Loan - 2 Year Fixed (LVR 90% Owner Occupier, P&I, NSW and ACT borrowers only)
2.39%
3.14%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. 2 years fixed interest terms and free access to redraw facility online. Available with a 5% deposit.
Newcastle Permanent Building Society Real Deal Home Loan - Special Offer 1 (Owner Occupier, P&I)
2.72%
2.76%
$595
$0 p.a.
80%
A discounted variable rate with low ongoing fees and redraw facility. Low deposit option available.
ME Flexible Home Loan With Member Package - LVR <=80% $400k up to $699,999 (Owner Occupier, P&I)
2.84%
3.29%
$0
$395 p.a.
80%
Unlock a range of savings with this competitive package home loan offer. Offset account and redraw facility included.
Well Home Loans Balanced Variable - LVR 90% (Owner occupier, P&I)
2.67%
2.70%
$250
$0 p.a.
90%
A very low variable interest rate for borrowers with a 10% deposit. Add a 100% offset account for $10 a month. Not available for construction purposes.
Greater Bank Great Rate Home Loan - Discounted 1 Year Fixed LVR ≤80% ($150K+ Owner Occupier)
2.09%
3.53%
$0
$0 p.a.
80%
Get one of the lowest rates on the market with this fixed rate mortgage. Available with just a 10% deposit. Guarantor option available. NSW, QLD and ACT residents only.
UBank UHomeLoan - 1 Year Fixed Rate (Owner Occupier, P&I)
2.14%
2.69%
$395
$0 p.a.
80%
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
Well Home Loans Balanced Variable - LVR 80% (Investor, P&I)
2.82%
2.85%
$250
$0 p.a.
80%
If you're an investor with a 20% deposit saved you can get this low rate mortgage. Not available for construction.
ME Flexible Home Loan Fixed with Members Package - 3 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)
2.59%
3.39%
$0
$395 p.a.
80%
Get a low 3 year fixed rate with a 100% offset account and package discounts.
UBank UHomeLoan Variable Rate - Discount Offer for Investor Variable P&I Rate
2.99%
2.99%
$0
$0 p.a.
80%
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required.
Newcastle Permanent Building Society Premium Plus Package Home Loan - New Customer Offer Discount 1 ($150k+ Owner Occupier, P&I)
2.94%
3.34%
$0
$395 p.a.
95%
New borrowers or refinancers can get a discounted rate with this package loan.
IMB Fixed Rate Home Loan - 3 Years Fixed (LVR ≤90% Investor, P&I, NSW and ACT borrowers only)
2.74%
3.59%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. A 3 years fixed rate investor which allows extra repayments to be made.
ME Basic Home Loan - LVR <=80% (Owner Occupier, P&I)
3.17%
3.19%
$0
$0 p.a.
80%
This variable rate loan keeps the features simple and fees low. This loan is offered by a 100% online lender.
UBank UHomeLoan - 3 Year Fixed Rate (Investor, P&I)
2.29%
2.82%
$395
$0 p.a.
80%
Pay no ongoing fees on this investment loan fixed for 3 years.
IMB Fixed Rate Home Loan - 3 Year Fixed (LVR 90% Owner Occupier, P&I, NSW and ACT borrowers only)
2.39%
3.08%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. 3 years fixed interest terms and free access to redraw facility online. Available with a 10% deposit.
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Credit services for Aussie Select, Aussie Activate and Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 (“Aussie”) and its appointed credit representatives, Australian Credit Licence 246786. 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. Credit for Aussie Activate products is provided by Pepper Finance Corporation Limited ACN 094 317 647 (“Pepper”). Pepper Group Limited ACN 094 317 665, Australian Credit Licence 286655 acts on behalf of Pepper. Credit services for Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 (“Aussie”) and its appointed credit representatives. Aussie is a trade mark of AHL Investments Pty Ltd ABN 27 105 265 861. Credit and any applicable offset accounts for Aussie Elevate are issued by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL / Australian Credit Licence 237879.

Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. ©2020 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

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After entering your details a mortgage broker from Aussie will call you. They will discuss your situation and help you find a suitable loan.

  • A comparison of home loans from multiple lenders.
  • Expert guidance through the entire application process.
  • Free suburb and property reports.

Aussie Home Loans Lender Logos

The Adviser’s number 1 placed mortgage broker 8 years running (2013-2020)

What is a home loan?

A home loan is the money you borrow to purchase a property. You repay this money plus interest charged by the lender. The amount you borrow is called the loan principal or loan amount. The interest you pay is determined by the interest rate.

Australians typically borrow between 80% and 95% of a property's value. The remainder of the money is called a deposit and you need to save this yourself. A mortgage term typically lasts for 25–30 years, although it can be shorter.

The interest rate is the most important part of the loan because it affects your repayments. But if you want to compare home loans there are few more questions to answer.

Infographic explaining how a home loan works.

Are you a home owner or an investor?

If you're borrowing money to buy a home to live in you need an owner-occupier mortgage. If you're buying an investment property you're looking for an investment loan.

Investor mortgages have slightly higher rates but are otherwise more or less the same. It's the purpose behind the mortgage (what you're using it for) that matters.

Are you a refinancer?

What if you already have a mortgage but want to switch to a better deal? This makes you a refinancer. Most loans are available for refinance. They're not separate, specialised products.

If you already have a home loan but want to switch to a new loan with a new lender there's nothing stopping you. But you will need to apply all over again with the new lender.

It's a bit of work but switching to a lower rate can save you a lot of money.

Fixed versus variable?

It's important to decide whether you want a fixed or variable interest rate. Variable rates have more flexibility but your rate can go up (or down) at any time.

Fixed rates let you budget your repayments more accurately because you know your repayments in advance. But they're less flexible. And if you want to refinance a fixed rate loan during the fixed period there is a fixed loan break cost.

Read more about the fixed versus variable decision

What repayment type do you need?

Another decision you'll have to make is your loan's repayment type. Most borrowers in Australia opt for principal-and-interest loans. These loans require you to pay off the money you've borrowed plus interest at the same time.

Interest-only loans offer you an early period where you only pay the interest, not the loan amount itself. This makes your repayments lower early on, but they end up being higher later on. It's a popular option for savvy investors, but be aware that it isn't the best option for everyone.

How do I compare home loan interest rates?

A good home loan comparison starts with a careful look at interest rates. The interest rate is the key component on any home loan. The lower the rate, the lower your repayments will be. It's as simple as that.

Here's the difference in repayments between a 3.50% and a 3.00% interest rate (on otherwise identical loans with 20% deposits and principal-and-interest repayments).

Interest rate3.50%3.00%
Loan amount$400,000$400,000
Loan term30 years30 years
Monthly repayments$1,796$1,686
Savings (monthly)N/A$110 cheaper
Savings (yearly)N/A$1,320 cheaper
Savings (life of loan)N/A$39,600 cheaper

Over 30 years, that 50 basis point difference in the interest rate could save a borrower $39,600 in interest charges. It's huge.

Check out Finder's lowest monthly mortgage rate tracker

What counts as a competitive mortgage rate? It can be hard to judge, especially with rates changing so often. Luckily Finder has made it easier for you.

Every month we analyse all the loans in our database and find some the lowest home loan rates. The graph below shows the lowest fixed and variable rates for home buyers and investors

You can learn more about our data and methodology here. Note that the rates in the graph may be slightly lower than the lowest available rates in our comparison table, but they can help you get a clear sense of what a good deal looks like.

How do I compare mortgage features and fees?

Beyond the interest rate, comparing home loans means looking at fees and the various features that mortgages come with. A loan with the right features gives you more control over your money and unlocks new ways to use your mortgage to your advantage.

Comparison rate

The comparison rate does what its name suggests: it helps you compare a home loan. This rate is a home loan's interest rate, plus the cost of fees taken into consideration. It is a legal requirement to be displayed on all loans. But it's only a hypothetical calculation (and not necessarily that helpful any more).

Features

Not every home loan comes with the same features. But here are the most common and useful ones:

  • Offset accounts. A 100% offset account attached to your home loan is a bank account that lets you save and spend money like a normal savings account. But any dollar saved in the account temporarily offsets your loan amount, meaning you are charged less interest. This allows you the flexibility to save your cash while getting a similar benefit you'd see from making extra repayments. Not every loan has an offset account.
  • Extra repayments. If your loan allows you to make extra repayments then you can pay it off faster. This will save you in interest charges. These days most loans allow extra repayments, although some fixed rate loans do not.
  • Redraw facilities. The redraw facility is common on home loans that allow extra repayments. It's a feature that allows you to withdraw your extra repayments from your loan and spend them if you need them. It's helpful in financial emergencies, but less flexible than an offset account.
  • Portability. If your loan is portable that means you can sell your property and buy a new one with the same home loan. You won't need to refinance, which makes life easier.
  • Split facility. Some loans allow you to split your mortgage into both fixed and variable portions. This lets you create a flexible loan that offers the best of both fixed and variable rate types.

Loan-to-value ratio (LVR)

Loan-to-value ratio (or LVR) is another way of saying minimum deposit. Most loans have a maximum LVR of 80%, meaning you need a 20% deposit.

However, many loans also have a maximum insured LVR of up to 95%. This means you can get the loan with a smaller deposit, but you will need to pay lenders mortgage insurance (LMI) when your deposit is under 20%.

Fees

It's hard to go through the mortgage process without paying some fees. You should always factor fees in to your home loan comparison.

Examples of home loan fees include:

  • Application fees. This is a one-off fee many lenders charge during the application stage.
  • Ongoing fees. Some loans come with a monthly or annual fee.
  • Valuation fees. This covers your lender's cost to have your property valued by an expert.
  • Legal fees. This covers your lender's conveyancing costs.
  • Discharge fees. A discharge fee is only charged when you end a home loan, either by refinancing or paying off the loan.

How much can I borrow with a home loan?

The amount that a lender will offer you depends on multiple factors:

To maximise your chances of getting a loan approved, or borrowing more, you should check your credit score in advance, minimise your spending in the months before applying for a loan and focus on paying down any outstanding credit card or personal loan debts.

Estimate your borrowing power with our calculator

How do I choose a lender?

Let's be honest, many Australian borrowers don't compare home loans by rates and features: they start with lenders. There is a huge number of lenders in the Australian mortgage market, and they all offer different levels of service and product ranges.Mortgages are all structured in the same basic way, and all Australian lenders are regulated by the Australian Prudential Regulation Authority (APRA) and other regulatory bodies.

That being said, it's still a really good idea to read reviews from other customers to try and gauge the quality of a lender's customer service before applying.

The Big Four Banks

The Big Four are the dominant players across Australian banking. Even in a crowded lending market most customers stick with the Commonwealth Bank, NAB, Westpac or ANZ. They all offer banking apps, large customer service teams, extensive branch and ATM coverage, and lots of mortgages to choose from. You won't get the absolute lowest rates on earth with the Big Four, but they are always competitive.

Other banks

There's more to mortgages than the biggest players, of course. Most Australian cities and regions have smaller local banks with a range of home loans to consider. And they often cover large areas of the country. There are also large lenders with nationwide service and international banks operating locally in Australia.

Credit unions and non-bank lenders

There is an enormous number of Australian credit unions, non-bank lenders, building societies and other institutions that are member-owned. This means they work for their members and don't pay dividends to shareholders. They're often regional and may not have a presence in every state or territory.

These lenders are usually members of the Customer-Owned Banking Association (COBA), which lists 63 member institutions. Here are some of them:

Digital banks, fintechs, neo-banks and online lenders

There are lenders who do business entirely online (with phone support). Lenders like loans.com.au, Tic:Toc and UBank are examples of online lenders with competitive rates. Some newer players in the market include neobank or fintech lenders like Athena and 86400, which use apps and big data to offer customers a convenient online mortgage experience.

Specialist lenders

Borrowers in unique circumstances may need finance from a specialist lender. This includes bad credit home loans for borrowers with poor credit histories, bridging finance and reverse mortgages for older borrowers.

How do I apply for a home loan?

A couple looking for a property to buy before comparing home loans.

Once you've finished your home loan comparison you will need to apply for a loan. But remember that the mortgage is just one part of a bigger home buying process:

  1. Work out your borrowing power. Look at your income and expenses to work out how much you can afford to borrow. Look at prices in the area you wish to buy and get a realistic sense of your budget. This step will guide your whole buying journey.
  2. Saving a deposit. You will need at least 5% of the property's value saved up. But having a 20% deposit will put you in a stronger position when you approach a lender.
  3. Compare home loans. Find a loan that suits your borrowing needs and has a competitive interest rate. Don't forget to look at the features too, and check if the lender has any restrictions based on the property type of postcode you're buying in.
  4. Finding a property. The search for the perfect property can be a long one, but it's important to get it right. Look online, go to as many inspections as you can and find the home or investment that's right for you.
  5. Get pre-approval. This is an optional step but it's one many buyers take before they find a property to buy. Pre-approval means a lender has taken a quick look at your savings, income and expenses and has indicated a potential amount to lend you. You have to pick a lender at this stage, but pre-approval is not binding and you're free to change your mind later.
  6. Contract of sale. Once you find your home and your offer or auction bid is successful you will sign a contract of sale. This is the time to talk to a licensed conveyancer who will look over the contract and guide you through settlement.
  7. Mortgage application. Once you've bought your property it's time to officially apply for a mortgage. You will need documents to establish your identity, pay slips and account information, plus the property address.
  8. Approval. Your lender approves your application (fingers crossed) and now you wait until settlement day. There's not much to do but wait at this point, although your conveyancer or lender may request additional information from you. Now's a good time to get your home and contents insurance sorted too.
  9. Settlement. This is the day you legally become the owner of the property and the mortgage begins. Prior to settlement your conveyancer, the seller's conveyancer and the lender's conveyancer will all communicate and perform the necessary legal checks to complete the transfer of the property title, the provision of funds and stamp duty.
  10. Get the keys and move in. After settlement it's all yours. Now you have to focus on paying off your mortgage.

Need help with your home loan journey? Talk to a broker


The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Home Loan Offers

Important Information*
Logo for UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 2.59% p.a. and a 2.59% p.a. comparison rate.

Logo for HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)
HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.

Logo for ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)
ME Flexible Home Loan Fixed with Members Package - 2 Year Fixed Rate LVR <= 80% (Owner Occupier, P&I)

Lock in a competitive rate for owner occupiers for two years. Comes with a 100% offset account.

Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)

Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000. Refinance to an eligible Suncorp loan and get a cashback of $2,000 or $3,000, depending on your loan amount. Other conditions apply.

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4 Responses

  1. Default Gravatar
    JDMAugust 12, 2019

    I am an Australian citizen returning to Australia after several years abroad. I will be entering into employment with the Australian branch of my existing employer with a new employment contract (but without a probation period). Can you advise limits to home loan borrowing upon arrival. e.g. is their a qualifying period for work/residence in Australia for lenders?

    • Default Gravatar
      NikkiAugust 13, 2019

      Hi JDM,

      Thanks for your question! All Australian citizens are eligible to apply for a home loan – this is one of the basic requirements. Others include, age, income and other unique requirements of the lender.

      As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      A mortgage broker is the best person to reach out to see your options for home loans. They can give you a multitude of options according to your situation. In the meantime, to give you an estimate of your monthly repayments, you may use the calculator we have on this page.

      Hope this helped. Feel free to reach back out for further assistance.

      Cheers,
      Nikki

  2. Default Gravatar
    ManiAugust 16, 2018

    What are the options for Self employed with one year financials?

    • Avatarfinder Customer Care
      JhezAugust 16, 2018Staff

      Hello Mani,

      Thank you for your comment.

      If you’re self-employed and is interested in a home loan, you can check low documentation (low-doc) loan which is designed to cater applicants who are working for themselves. Please note that different lenders have different application requirements, so it’s best to check your eligibility and ensure meeting the requirements before submitting an application.

      You may check our Low doc home loan guide and see the tips on how to compare such loans. After comparing the products in our panel, you can click the Go to Site button or the Enquire Now button and discuss with the lender your eligibility.

      You’ll be best to seek advise from a mortgage broker and discuss options based on your needs.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

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