eMoney Home Loans

eMoney offers competitive home loans with a range of features that can suit your needs.

Who is eMoney?

Founded by one of Australia's largest and most reliable non-bank financial institutions, eMoney provides solutions for your financial needs. eMoney offers non brokered loans, which enables them to practice low fees and very favourable interest rates. Compare their loans with other online home lenders in the market.

The quality of the services provided by eMoney is guaranteed by the knowledge gathered by the three Directors of the company over their long years spent in the finance and mortgage industry: together, they boast an impressive 75 years of experience.

Awards that eMoney have earned

• Cheapest 3 year fixed home loan - Money Magazine - Best of the best 2013

This award from money magazine recognises non-bank lenders. "We are extremely proud to receive this Money magazine 2013 Best of the Best Award." said Neil Manuel, General Manager of eMoney. This award is a great indication that it is advisable to compare your home loan options from big banks to online lenders.

Online application

eMoney conducts all its business online, which means that they do not operate any office where clients can talk to a company employee and they do not have mobile lenders either, but applicants can receive help and information over the phone from the company's highly qualified loan experts. Operating online allows the company to reduce their costs, which also makes it possible for them to practice the extremely low interest rates they are renowned for.

The loan application process is very simple: all you need to do is download and fill in the application form that contains easy to understand instructions about completion. The information requested in the form includes personal details, information related to the assets owned by the applicant, liabilities, income sources and details related to the loan itself, like the amount applied for and the purpose of the loan, the proposed date of settlement and some other details. The applicant will receive an answer from eMoney about the approval status of the application within just a few days after submission.

The experts at eMoney know exactly what a big decision it is to buy your first flat or house or to decide to invest in real estate, so they are trying to help as much as they can. The official website features numerous calculators that will help applicants decide which of the company's products will be the most suitable for their financial needs. With the help of these calculators, you can easily assess your borrowing power, and you can simulate your financial situation with a loan repayment schedule. The amount of the loan approved may vary from one applicant to another, but most eMoney products allow for borrowing as much as 90% of the value of the estate offered as security. Applicants will also need a deposit, usually 10% of the value of the property offered as security, but eMoney accepts shares or equity as well, not only money.

eMoney offers four categories of plans - the Full Doc Home Loans, the Full Doc Line of Credit, the Lo-Doc Home Loans and the Lo-Doc Line of Credit - each product being available in two different versions: eMoney and eMoney Plus. All eMoney products offer, among others:

• Low interest rates;
• Fixed and variable options;
• Free online and phone banking;
• Flexible repayments;
• Complete elimination of extra fees, like legal fees or fees related to account-keeping or settlement costs.

Each product comes in different versions: eMoney PRIME Variable Propack Loan, with slight differences in the terms and conditions. The ProPack loans requiring the payment of an annual fee of , which will offer the client a 0.10% reduction of the standard loan rate.

eMoney Plus products come with all the features of the standard pack, but with a 100% offset facility and the option of having a credit card attached to the loan; also, the interest rates practiced are a little bit higher.

All eMoney loans imply a evaluation fee, which must be paid only if the application is approved.