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Freedom Loans

Get a home loan even if you don't fit the strict lending policies of a bank or credit union

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Freedom Loans

If you are looking for a home loan to purchase or refinance a property and you have credit problems or can’t sufficiently prove your income, then you’ll know how difficult it can be to get approved. Freedom Loans can approve you in 24 hours and offer the best possible interest rates that you qualify for.

Home loans provided by Freedom Loan

Low Doc Loans

These loans are designed for small business owners and self-employed borrowers who cannot provide the usual evidence of income required for a loan. Available for new home purchases and refinancing, these loans allow you to borrow up to 80% of the value of the property. Other features include competitive interest rates and a fast online application, with each loan application assessed on its individual merits. Freedom will consider you even if you've had an ABN for less than two years, have no BAS to supply or have had previous applications with other lenders rejected.

Fixed Rate Loans

Freedom Loans’ Fixed Rate Loans offer the security and confidence of knowing what your repayment amounts will be for a set period. The loan features 24-hour approval and there are restrictions on the amount of extra repayments you can make. Fixed rate loans are not available to credit impaired or low doc borrowers.

Combination or Split Loans

These loans from Freedom allow you to combine the security of a fixed rate with the flexibility of a variable rate. The fixed rate portion can be set for a period of one to five years, while you can split your loan between fixed and variable in any ratio you wish.

No Frills Loans

These basic loans include a competitive interest rate, a redraw facility and the ability to make extra repayments against the principal at any time to help you pay off your debt quicker. Borrowers also have the flexibility of choosing between weekly, fortnightly and monthly repayments.

Offset Loans

These loans feature a linked savings account and allow you to offset your home loan debt with the balance in the linked offset account. This allows borrowers to pay less interest on their loan and provides a lower interest rate than is available with a line of credit loan. These types of loans are typically suited to people with fluctuating incomes, such as self-employed borrowers.

Line of Credit Loans

Line of Credit Loans offer better interest rates than credit cards and allow borrowers to only pay interest on the outstanding monthly balance of their loan. These types of loans from Freedom can be used to borrow cash or make purchases, and your regular income can be deposited directly into the loan account.

How to apply with Freedom Loans

It’s quick and easy to apply for a loan from Freedom Loans.

Financial information you'll need to provide

You’ll need to supply financial information to Freedom Loans in order to prove your ability to pay back the funds you borrow. However, as Freedom offers a range of loans to cater to customers with unique borrowing requirements, the financial information you will need to supply does vary between loans.

Generally speaking, however, when you apply for a loan you will need to supply details of your:

  • Income. This could take the form of recent payslips, a letter from your employer, previous years’ tax returns, etc. Note that if you're self-employed Freedom Loans might require alternative evidence.
  • Assets. If you have assets to your name your borrowing power will be strengthened.
  • Liabilities. If you have any outstanding debts or ongoing expenses, you’ll need to make the lender aware of these.

Freedom Loans will then check the status of your credit. After your initial contact, a Freedom home loan specialist will advise on any further paperwork required.

Freedom Loans offers a variety of worthwhile options for borrowers looking for alternative financing solutions. However, make sure to compare this lender’s products with others on the market to ensure that you find the best home loan for your needs.

Home Loan Offers

Important Information*
Logo for UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000 (*now 2.84%, drops to 2.59% on 3 April)
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000 (*now 2.84%, drops to 2.59% on 3 April)

Take advantage of a low-fee mortgage with a special interest rate of just 2.59% p.a. and a 2.59% p.a. comparison rate.

Logo for HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)
HSBC Home Value Loan - Promotional Offer (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.

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23 Responses

  1. Default Gravatar
    MegMay 21, 2016

    Want to know if I’m eligible for a home loan?

    • Avatarfinder Customer Care
      MarcMay 23, 2016Staff

      Hi Meg,
      thanks for the question.

      This will depend on a range of factors, including your income, assets, debts, liabilities and your credit history. If you’d like to talk to Freedom Loans directly about your chances, please fill out the form on this page.

      I hope this helps,

  2. Default Gravatar
    peterMarch 17, 2016

    i am a low income person with 2 defaults and 1 judgement how i can get a home loan of $450.000 to buy a home to live in and stop paying rent

    • Avatarfinder Customer Care
      BelindaMarch 22, 2016Staff

      Hi Peter,

      Thanks for reaching out.

      We have a guide for low-income home loans which you might find useful. On this page, you can enter your details into our borrowing calculator to see how much you can afford to borrow and you can compare a range of home loans in the table.

      Keep in mind that each lender or bank has it’s own eligibility criteria for low-income earners with defaults on their credit file, but ultimately they will review your propensity to repay the loan based on your income, assets, credit history and any debts that you have (e.g. personal loans or credit cards).

      To improve your chance of being approved for a home loan, you may want to consider saving up for a larger deposit, requesting a copy of your credit file and minimising your current debt, or approaching niche/specialist lenders that may have more lenient criteria.

      We also have a page about bad credit home loans which may help you understand your options.

      It’s advised that you speak to a mortgage broker as they will be able to recommend suitable products to you and they can help you through the application process.

      All the best,

  3. Default Gravatar
    BecFebruary 9, 2016

    Hi There,

    My partner and I are looking to get a mortgage Mid to End of Next year, however, I’m worried I won’t be able to be on the title or get the Loan due to my credit history.

    My partner has a crystal clear credit history however I do not.

    I have been discharged from bankruptcy in March 2015, and silly me reading on google how to improve my credit history it said to apply for small loans and pay them off to build my credit file back up, however I did not get approved for these loans so they are listed on my credit file.

    I was just after some information from you guys as I had seen on your website you can approve bad credit history clients.

    Firstly, We were after about a $620,000 loan and by the time we are ready to apply for the loan we will have roughly $30,000 deposit.
    Both my partner and I work full time – I earn a salary of $59,500 a year and he is on $70,000 a year.

    Could you advise if this is achievable to get a loan?

    Im happy to provide further information if needed.

    • Avatarfinder Customer Care
      BelindaFebruary 10, 2016Staff

      Hi Bec,

      Thanks for reaching out.

      Applying for a home loan as a discharged bankrupt can be difficult, however there are some specialist lenders that offer solutions to borrowers who do not have a good credit history.

      You can learn more about how to apply for a home loan as a discharged bankrupt and the type of home loan products available to you on this page. Here, you can also compare and enquire with specialist lenders.

      Keep in mind that some lenders may view you as a high-risk borrower and they may impose stricter criteria, a higher deposit amount or higher interest rate due to your credit history.

      It would be worthwhile speaking with a licensed mortgage broker as they will be able to draw upon a panel of lenders to find one that may be more likely to review your application. They will also review your financial position to help you understand your borrowing capacity.

      All the best,

  4. Default Gravatar
    JustinDecember 23, 2015

    Can we borrow a deposit for a home loan all from freedom

    • Default Gravatar
      JodieDecember 24, 2015

      Hi Justin,

      Thank you for contacting a financial comparison website and general information service.

      Freedom requires you to have at least 15% deposit on your own for them to offer you a home loan, you can contact them directly by filling out the above form on this page to discuss with them your circumstances and if they can assist. Alternatively, you can reach out to a mortgage broker as they can offer you specialised advice on which lenders may be able to assist you.


  5. Default Gravatar
    claudiaOctober 5, 2015

    hi we are in a rental thats for sale the owner brought it for 170,0000 2 years ago and how hes selling for 220000 we are interested in buying it but have have defaults what can we do all how much would we need as a deposit thanks

    • Avatarfinder Customer Care
      MarcOctober 6, 2015Staff

      Hi Claudia,
      thanks for the question.

      The minimum deposit required for a home loan is usually 20%, although sometimes this may be as little as 5% when you pay for lender’s mortgage insurance. To find out what the process is and if you’d be eligible for a home loan in your situation, you can contact Freedom Loans directly by filling out the form on this page.

      I hope this helps,

  6. Default Gravatar
    AndrewAugust 12, 2015

    Hi I currently have 3 defaults on file over 4 years old can you help with home loans with these on credit file? $205,000 home to be built how much deposit would be required with 1st home buyers grant?

    • Avatarfinder Customer Care
      BelindaAugust 13, 2015Staff

      Hi Andrew,

      Thanks for your enquiry.

      You can read about how to apply for a home loan with bad credit and get approved on this page and you can enquire with one of the lenders or brokers to discuss your options.

      You might be interested to read our guide on the First Home Owners Grant (FHOG) which discusses the implications that this concession has for each state. Ultimately, the grant is designed to help you build your deposit for when you make your purchase. You can also compare a range of home loans that are suited for first home buyers in the table provided.

      The deposit required will depend on your loan amount as well as the lending criteria offered by the bank. Some lenders will allow you to take out a loan with just 5% of the purchase price, whereas others will require you to complete a larger deposit. However, please note that generally if you have less than 20% of the purchase price, you may need to pay Lender’s Mortgage Insurance (LMI) which can be included in your upfront costs or incorporated into your repayments over the life of your loan.


  7. Default Gravatar
    dipakAugust 8, 2015

    Good morning .ijust want to buy a house that cost 470000 in dubbo nsw 2830 and I want loan .I was rehected by two banks already so do you still can help .thank you.i got 15 % deposit

    • Avatarfinder Customer Care
      BelindaAugust 10, 2015Staff

      Hi Dipak,

      Thanks for your enquiry. is an online comparative service so we don’t offer home loans but instead help you compare different products so you can make a more informed decision.

      Generally lenders will review your income, assets and any existing debts that you have to determine your ability to service the mortgage. You might be interested to compare a range of competitive home loans on this page.

      It’s also advisable that you try and come up with at least a 20% deposit to avoid paying Lender’s Mortgage Insurance (LMI), you can read more about LMI here.


  8. Default Gravatar
    JustinMay 18, 2015

    do we need a deposit? can yous help getting a home loan over $380.000

    • Avatarfinder Customer Care
      BelindaMay 25, 2015Staff

      Hi Justin,

      Thanks for your enquiry.

      Depending on the type of loan you’re applying for for, you’ll need a 20% deposit.

      It would be best that you contact Freedom Loans to discuss your options.


  9. Avatarfinder Customer Care
    MarcMay 14, 2015Staff

    Hi Hendry,
    thanks for the question.

    You can contact Freedom Loans directly by filling out the form on this page. They will call you back to talk through the options you might have.


  10. Default Gravatar
    DamienApril 24, 2015

    Hi we are looking to invest in wellington in nsw post code 2820. Do you lend here if so what LVR is your maximum

    • Default Gravatar
      JodieMay 12, 2015

      Hi Damien,

      Thank you for reaching out.

      We have followed up with Freedom Loans and they have advised that they do lend in Wellington with a maximum LVR of 80%. If you have any further questions that are more specific to your needs please contact Freedom Loans directly.


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