This innovative fintech lender offers low rates for refinancers through its efficient digital platform.
Athena is a new fintech mortgage provider that use its technology to streamline the home loan process and deliver low rates to borrowers.
Skip ahead to the full table of products or read more about the lender.
Compare Athena Home Loans
Compare Athena home loan products below. "Go to site" will direct you to Athena’s website for the product you selected. You can also find more information on each individual product by clicking "more info".
Athena lender profile
- Athena is an innovative online-only fintech backed by Macquarie Bank, Square Peg, Hostplus, Rice Warner, Apex Capital, Resimac Group and Airtree Ventures.
- The company launched its first products in February 2019 and has an efficient digital platform and phone support.
- Athena uses bank-level encryption to keep customer data safe.
A fintech lender, not a neobank
Athena is an Australian fintech company but it is not a neobank. New digital banks like Xinja, Up and Volt Bank offer similar high-tech finance solutions, but they are competing with traditional banks in areas such as savings accounts and payments. Athena is solely focused on mortgages.
Athena mortgage features
At the moment, Athena has a single product that's only for refinancers. However, the loan has rates for owner occupiers and investors, plus interest only options, making it a very versatile offering.
| Feature | Details |
|---|---|
| Deposit size | You can borrow up to 80% with an Athena mortgage. |
| Rate match | Unlike many lenders, Athena promises that its lowest rate for new customers will always be the same for existing customers. In other words, you'll automatically have Athena's lowest rate for your mortgage type, every time. |
| Interest only | The Athena Variable Home Loan has interest only rates for investors and owner occupiers. |
| Redraw | Athena mortgages have fee-free redraw facilities. |
| Digital innovation | Athena is a completely digital lender (with online and phone support). If you have all your details ready you can apply quickly online. |
How do I apply for an Athena mortgage?
Clicking "Go to Site" on Athena's comparison table will start your application process and redirect you through to their website.
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. You must be living in a capital or large regional city to get an Athena mortgage.
- 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:
- Identification documents. You will need identification such as a driver's license, 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).
Detailed guide to home loan applications and paperwork
Looking for more mortgage options?
- Online lenders. Compare more mortgages from online lenders.
- Big Four banks. Check out home loan rates from Australia's Big Four banks.
- Investors. Compare loans for property investors.
- Mortgage brokers. Find out how to get free, expert guidance from a mortgage broker.
