Athena home loans

Athena has home loans for owner-occupiers and investors, with rates starting from 1.99%.

Updated Dec 22, 2020

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Athena is an Australian fintech lender. It offers variable rate home loans online. Check out the full table of Athena products below or read more about the lender and its loans.

Compare Athena home loans for December 2021

Hit the "Load more" button to compare a bigger selection of products and hit the green button to go to Athena's website to start an enquiry or learn more about the loan.

Name		Interest Rate (p.a.)	Comp. Rate (p.a.)	Fees	Monthly Payment
Athena Variable Home Loan P&IHome≥ 40% Deposit	Go to site More Info	1.99%	1.99%	App: $0 Ongoing: $0 p.a.	$555	Go to site More Info	Owner occupiers with 40% deposits or equity can get this competitive variable rate loan. No upfront or ongoing fees.	Compare	loading Fetching your data...
Athena Variable Home Loan P&IInvestment≥ 40% Deposit	Go to site More Info	2.39%	2.39%	App: $0 Ongoing: $0 p.a.	$586	Go to site More Info	Investors with large 40% deposits or equity can get this low variable rate. A competitive option for investors looking to refinance.	Compare	loading Fetching your data...
Athena Variable Home Loan P&IHome≥ 30% Deposit	Go to site More Info	2.09%	2.02%	App: $0 Ongoing: $0 p.a.	$563	Go to site More Info	A low variable rate for owner occupiers with 30% deposits. No upfront or ongoing fees.	Compare	loading Fetching your data...
Athena Variable Home Loan P&IHome≥ 20% Deposit	Go to site More Info	2.19%	2.08%	App: $0 Ongoing: $0 p.a.	$570	Go to site More Info	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.	Compare	loading Fetching your data...
Athena Variable Home Loan P&IInvestment≥ 30% Deposit	Go to site More Info	2.49%	2.43%	App: $0 Ongoing: $0 p.a.	$594	Go to site More Info	Athena's refinance offer for investors and owner occupiers.	Compare	loading Fetching your data...

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Athena key facts

Athena's home loan rates are consistently lower than the market average and get lower as you repay the loan.
Athena is an online lender. The company says it can process applications online in a shorter timeframe than the big banks.
You need at least a 20% deposit to get an Athena home loan.
Athena's automatic rate match means existing borrowers get the same rate as new borrowers. This is a feature that rewards loyalty and is not something other lenders offer.

_{Review by our senior home loans writer Richard Whitten}

Athena home loan features

Here are the key features and details you need to know about Athena's mortgage products.

Feature	Details
Minimum deposit	Athena loans have 80% maximum LVRs. This means you can borrow up to 80% with an Athena mortgage. There are no loans for borrowers with low deposits (that is, deposits below 20%).
Offset account	Athena loans don't come with offset accounts but they do offer the ability to make extra repayments and then redraw them. This has a similar benefit.
Repayment options	Athena's home loans allow you to make interest-only repayments or principal-and-interest repayments.
Rate match	Athena promises that its existing customers will always get its best deal on their loan. In other words, if the lender cuts rates to entice new borrowers, it puts existing customers on that rate too. Most lenders keep their existing customers on a higher rate.

How do I apply for an Athena mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each Athena product has specific eligibility criteria but some will apply to all products. For example:

Age. You must be over 18 years of age.
Residency. You should be a resident of Australia.
Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Athena you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, 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).

How to apply for a home loan

Lenders like Athena

If you want to compare loans from similar lenders to Athena then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

86 400. This online bank offers low-rate mortgages and an entirely online, convenient service.
Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
Homestar. A 100% online lender, Homestar has been providing mortgages to Australian borrowers since 2004.
Loans.com.au. A Brisbane-based online lender, Loans.com.au is backed by Firstmac, Australia's largest non-bank lender.
ME Bank. Member's Equity was established back in 1994 and went fully digital in 2012.
Athena. This online bank is part of the global, Dutch-based financial group of the same name.
UBank. This online bank is actually owned by NAB.

Looking for more mortgage options?

Big Four banks. Check out interest rates from Australia's Big Four banks.
Best home loans. Finder's top loan picks every month.
Cheapest rates. Compare the lowest home loan rates on the market.
Investors. Compare more loans for property investors.
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.

More home loan questions

To make sure you find the right Athena loan, you need a clear idea of what you're looking for in a mortgage. These simple questions can help:
- Are you comfortable applying online? Because Athena is an online lender you need to be comfortable completing the entire home loan process via the web (with phone and chat support).
- What do you need the loan for? If you're buying a home to live in you need an owner-occupier loan. Property investors need an investment loan rate. Athena has both.
- Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period so you can forget about rate changes at all?
- What features do you need? Athena home loans offer redraw but not offset accounts. If this feature matters to you, you may need to look at other lenders.
Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.
Pre-approval is not something every lender offers, but many do.
Most Australian borrowers bank with one of the Big Four (Commbank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender, but there's no reason to worry about that.
In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.
Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.
A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.
Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.

Thank you for your feedback!

Richard Whitten

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.

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Get a competitive mortgage offer from Athena, a digital Australian lender. Compare rates for home owners and investors.

Athena home loans

Athena has home loans for owner-occupiers and investors, with rates starting from 1.99%.