Picture not described
Finder makes money from featured partners, but editorial opinions are our own.

Freedom Loans

Learn more about Freedom Loans and their home loans.

No reviews yet. Write a review

Freedom Loans is a specialist bad credit lender. On this page you can find information about Freedom Loans and its products.

Freedom Loans home loan rates

Contact Freedom Loans directly to learn more about their mortgages and their current interest rates.

Freedom Loans key facts

  • Freedom Loans is a small Australian broker based in Melbourne, Victoria. The company started in 2003.
  • The company specialises in finding home loans for bad credit borrowers. This includes borrowers refinancing existing home loans.
  • Freedom Loans can also help borrowers who need low-doc loans and debt consolidation.

How do I apply for a mortgage from Freedom Loans?

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.


The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • 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 Freedom Loans 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

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender 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.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

Find the right home loan now

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

23 Responses

    Default Gravatar
    MegMay 21, 2016

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

      MarcMay 23, 2016Finder

      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,

    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

      Default Gravatar
      BelindaMarch 22, 2016

      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 minimizing 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.

      I recommend getting in touch with a licensed 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,

    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.

      Default Gravatar
      BelindaFebruary 10, 2016

      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. 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,

    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 your inquiry.

      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 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.

      Before applying for a loan, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this helps.


    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

      MarcOctober 6, 2015Finder

      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,

Go to site