Athena Home Loans

Athena home loans

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

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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.

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years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

Athena Variable Home Loan P&IHome≥ 40% Deposit

Athena Variable Home  Loan
1.99%
1.99%
  • App: $0
  • Ongoing: $0 p.a.
$555
Owner occupiers with 40% deposits or equity can get this competitive variable rate loan. No upfront or ongoing fees.

Athena Variable Home Loan P&IInvestment≥ 40% Deposit

Athena Variable Home  Loan
2.39%
2.39%
  • App: $0
  • Ongoing: $0 p.a.
$586
Investors with large 40% deposits or equity can get this low variable rate. A competitive option for investors looking to refinance.

Athena Variable Home Loan P&IHome≥ 30% Deposit

Athena Variable Home  Loan
2.09%
2.02%
  • App: $0
  • Ongoing: $0 p.a.
$563
A low variable rate for owner occupiers with 30% deposits. No upfront or ongoing fees.

Athena Variable Home Loan P&IHome≥ 20% Deposit

Athena Variable Home  Loan
2.19%
2.08%
  • App: $0
  • Ongoing: $0 p.a.
$570
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.

Athena Variable Home Loan P&IInvestment≥ 30% Deposit

Athena Variable Home  Loan
2.49%
2.43%
  • App: $0
  • Ongoing: $0 p.a.
$594
Athena's refinance offer for investors and owner occupiers.
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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.

FeatureDetails
Minimum depositAthena 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 accountAthena 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 optionsAthena's home loans allow you to make interest-only repayments or principal-and-interest repayments.
Rate matchAthena 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.

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