Will Coles ever offer home loans?

Coles Financial Services offers credit cards, personal loans and home insurance, but they aren't offering mortgages as of August 2019

Last updated:

Australian supermarket giant Coles is also a player in personal finance and insurance. At this point in time, they don't offer home loans. Coles Financial Services currently offers:

  • Personal loans
  • Credit cards
  • Home insurance
  • Car insurance
  • Landlord insurance

Credit cards and personal loans from Coles

Credit cards

Coles has a small selection of credit cards. These cards offer some benefits for regular Coles shoppers and the ability to earn flybuys points. You can learn more about these products on our Coles credit cards page.

Personal Loans

Coles offers a single personal loan. It's a loan that also lets you earn flybuys.

The Coles Mobile Wallet

Coles want to get in on the near field mobile payments space with a product of their own: The Coles Mobile Wallet.

Over half the card payments at Coles supermarkets are contactless, so it makes sense that Coles have now given shoppers a way to pay for items and earn points using their smartphone.

The Coles Mobile Wallet is a combination of software and hardware a shopper attaches to their phone. Coles Mastercard account holders get a "Pay Tag" to place on the back of their phone. They then link the smartphone app with their credit card account and payments can be made at Mastercard PayPass terminals.

The Coles credit account is linked to Coles loyalty promotions, like flybuys, so the account holders earns points when they spend.

Read more about the pros and cons of contactless payments.

Need a home loan? Compare your options in the table below

Rates last updated August 23rd, 2019
$
Loan purpose
Offset account
Loan type
Repayment type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.09%
3.05%
$0
$0 p.a.
80%
Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.
3.09%
3.09%
$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.
2.79%
3.95%
$0
$0 p.a.
90%
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.
3.39%
3.91%
$0
$10 monthly ($120 p.a.)
90%
Get a low discounted rate for 2 years plus a 100% offset account. And you can get the loan with a 10% deposit.
2.99%
3.95%
$0
$395 p.a.
80%
A package home loan with no application fee. Borrow up to 95%. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
3.09%
3.12%
$600
$10 monthly ($120 p.a.)
80%
A competitive variable rate for home buyers with a 20% deposit. This product has a 100% offset account.
2.99%
3.90%
$0
$395 p.a.
80%
A package home loan with no application fee. Borrow up to 95%. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
3.15%
3.17%
$0
$0 p.a.
80%
This loan offers a competitive variable rate and a 100% offset account to help save you on interest repayments.
3.09%
3.12%
$600
$10 monthly ($120 p.a.)
70%
A very low variable interest rate for home buyers with a 30% deposit. This product has a 100% offset account.
2.99%
4.09%
$300
$10 monthly ($120 p.a.)
80%
Get a very low fixed rate for three years and lock in low repayments. Available with a low deposit.
2.99%
3.86%
$0
$395 p.a.
80%
A package home loan with no application fee. Borrow up to 95%. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
3.49%
3.45%
$0
$0 p.a.
80%
A competitive variable mortgage for investors looking to refinance. Principal and interest repayments. Refinancers only.
3.15%
4.16%
$600
$0 p.a.
95%
Home buyers can fix their interest rate for one year. Includes a 100% offset account.
2.99%
3.95%
$0
$395 p.a.
80%
The Advantage Package Fixed Rate Home Loan from Bank of Melbourne is a package loan with low fixed rates, an offset account and options for borrowers with low deposits. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
2.99%
4.00%
$0
$395 p.a.
95%
A 1 year fixed rate home loan with flexible repayment options. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
3.15%
3.19%
$500
$0 p.a.
95%
This mortgage combines a very sharp interest rate with a 100% offset account and it's available with a 5% deposit.
2.99%
3.90%
$0
$395 p.a.
80%
The Advantage Package Fixed Rate Home Loan from Bank of Melbourne is a package loan with low fixed rates, an offset account and options for borrowers with low deposits. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
3.15%
4.07%
$600
$0 p.a.
95%
Fix your rate for the first two years with this loan for home buyers. Includes a 100% offset account.
2.99%
3.94%
$0
$395 p.a.
95%
A 2 year fixed rate with great savings across fees and other products. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
3.69%
3.88%
$0
$10 monthly ($120 p.a.)
80%
This is a competitive, flexible variable rate suitable for borrowers with a good credit history. Borrow up to 80%.
2.99%
3.86%
$0
$395 p.a.
80%
The Advantage Package Fixed Rate Home Loan from Bank of Melbourne is a package loan with low fixed rates, an offset account and options for borrowers with low deposits. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
3.34%
4.25%
$300
$10 monthly ($120 p.a.)
80%
Home buyers can lock in a very competitive fixed interest rate for 2 years.
2.99%
3.89%
$0
$395 p.a.
95%
A 3 years fixed rate that allows borrowers to borrow from $30000 up to $10000000. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
3.59%
3.24%
$0
$0 p.a.
80%
Variable interest only mortgage for owner occupied refinancers. Refinancers only.
3.47%
3.47%
$0
$0 p.a.
80%
Access an offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.37%
3.42%
$695
$0 p.a.
95%
A simplified mortgage with a low interest rate and a redraw facility.
3.34%
4.46%
$0
$395 p.a.
95%
Get a 3 year fixed rate loan for first home buyers with online redraw and flexible repayments. Available with a 5% deposit.
3.15%
3.82%
$500
$0 p.a.
95%
Competitive 3-year rate for homeowners. Comes with a low deposit option and 100% offset account.
3.19%
4.14%
$300
$10 monthly ($120 p.a.)
80%
A low fixed rate loan that lets you borrow up to 80% of your property's value.
3.59%
3.64%
$200
$0 p.a.
95%
Get a low variable interest rate and buy a property with just a 10% deposit. 100% offset account attached.
3.15%
3.99%
$600
$0 p.a.
95%
Competitive rates for fixed for 3 years with no ongoing fees.
3.45%
3.46%
$500 (if over 80% LVR)
$0 p.a.
80%
A competitive variable mortgage for home buyers. This loan has flexible repayments and an optional redraw facility.
3.45%
3.47%
$0
$0 p.a.
90%
Save on interest with a free 100% offset account and buy your property with just a 10% deposit.
2.99%
3.45%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.15%
3.89%
$500
$0 p.a.
95%
Apply for Easy Street fixed rate home loans and get a competitive loan with a fixed interest rate.
3.79%
3.80%
$500 (if over 80% LVR)
$0 p.a.
80%
A variable investment mortgage with flexible repayments and an optional redraw facility.
3.64%
4.36%
$300
$10 monthly ($120 p.a.)
80%
Low fixed rate loan for home buyers. Available with a 10% deposit. 100% offset account attached.
3.49%
3.49%
$0
$0 p.a.
80%
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required.
3.65%
3.67%
$0
$0 p.a.
80%
Investors can easily access their equity using BPAY, a debit Master Card or cheque book with this interest-only line of credit.
3.59%
3.75%
$300
$10 monthly ($120 p.a.)
80%
Take advantage of a basic no-frills home loan with extra repayments and fee free redraw.
3.14%
3.85%
$395
$0 p.a.
80%
Pay no ongoing fees on this investment loan fixed for 3 years.
3.74%
4.89%
$300
$10 monthly ($120 p.a.)
80%
A flexible, competitive fixed rate loan that allows for extra repayments.

Compare up to 4 providers

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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 3.09% p.a. and a 3.09% p.a. comparison rate.

Logo for Athena Variable Home Loan - Refinance (Owner Occupier, P&I)
Athena Variable Home Loan - Refinance (Owner Occupier, P&I)

Low variable rate mortgage for owner occupiers looking to switch. Refinancers only.

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