Homeloans Home Loans

Rates and Fees verified correct on December 10th, 2016

Take advantage of low interest rates from one of Australia's leading non-banks

For more than 25 years Homeloans has been working to provide Australians with flexible home loans at competitive interest rates. The company strives to provide exceptional customer service and they specialise in helping customers to find the right loan to suit their specific financial situation.

Unlike banks, which tend to offer a wide variety of banking and financial products, Homeloans specialises only in home loans. This gives them 25 years of insight and awareness of exactly what their customers want and need. They have formed a healthy array of home loan products that are designed to help as many customers as possible to enter the housing market.

As a home loan specialist, Homeloans also strive to provide every customer with a highly personalised service wherever possible. It's even encouraged to call Homeloans and ask for a specific person by name, if that's the bank representative you prefer dealing with.

Compare Homeloans Ltd home loans

Rates last updated December 10th, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
4.44% 4.68% $0 $0 p.a. 90% More info
4.20% 4.38% $499 $10 monthly ($120 p.a.) 65% More info
4.68% 4.53% $0 $0 p.a. 95% More info
4.14% 4.32% $499 $10 monthly ($120 p.a.) 55% More info
4.59% 4.83% $0 $0 p.a. 95% More info
4.34% 4.52% $499 $10 monthly ($120 p.a.) 75% More info
6.56% 6.61% $599 $260 p.a. 85% More info
4.34% 4.52% $499 $10 monthly ($120 p.a.) 70% More info
4.44% 4.62% $499 $10 monthly ($120 p.a.) 80% More info
4.30% 4.48% $499 $10 monthly ($120 p.a.) 65% More info
5.59% 5.64% $599 $260 p.a. 70% More info
5.94% 5.99% $599 $260 p.a. 80% More info
4.04% 4.23% $499 $10 monthly ($120 p.a.) 55% More info
4.34% 4.52% $499 $10 monthly ($120 p.a.) 80% More info
4.24% 4.40% $0 $0 p.a. 95% More info
4.24% 4.42% $499 $10 monthly ($120 p.a.) 75% More info
4.24% 4.42% $499 $10 monthly ($120 p.a.) 70% More info
4.77% 4.95% $0 $150 p.a. 90% More info
4.83% 4.61% $0 $0 p.a. 95% More info
4.24% 4.39% $0 $0 p.a. 95% More info
7.21% 7.26% $599 $260 p.a. 90% More info
4.33% 4.43% $0 $0 p.a. 95% More info
Homeloans MoniPower Variable Home Loan - LVR > 80 (Owner Occupier)
Enjoy 1he 100% offset account with redraw facility and borrow up to 95% LVR with no application fee.
4.39% 4.43% $0 $0 p.a. 90% More info
Homeloans MoniPower Variable Home Loan - LVR <=80% (Owner Occupier)
Enjoy 1he 100% offset account with redraw facility and borrow up to 95% LVR with no application fee.
4.14% 4.18% $0 $0 p.a. 70% More info
5.04% 4.87% $0 $0 p.a. 95% More info
4.84% 4.78% $0 $0 p.a. 95% More info
5.04% 4.78% $0 $0 p.a. 80% More info
5.19% 5.02% $0 $0 p.a. 95% More info
5.04% 4.87% $0 $0 p.a. 90% More info
4.84% 4.68% $0 $0 p.a. 80% More info
4.99% 4.93% $0 $0 p.a. 95% More info
4.84% 4.78% $0 $0 p.a. 90% More info
4.44% 4.66% $0 $0 p.a. 95% More info
4.44% 4.55% $0 $0 p.a. 80% More info
4.59% 4.81% $0 $0 p.a. 95% More info
4.44% 4.66% $0 $0 p.a. 90% More info
4.44% 4.68% $0 $0 p.a. 95% More info
4.44% 4.56% $0 $0 p.a. 80% More info
4.64% 4.72% $0 $0 p.a. 95% More info
4.64% 4.58% $0 $0 p.a. 80% More info
Homeloans Ultra Line of Credit
A line of credit home loan with no application fee aor ongoing fee and borrow up to 90% LVR with redraw facility.
4.54% 4.58% $0 $0 p.a. 90% More info
4.79% 4.87% $0 $0 p.a. 95% More info
4.64% 4.72% $0 $0 p.a. 90% More info
4.94% 4.65% $0 $0 p.a. 80% More info
4.74% 4.55% $0 $0 p.a. 80% More info
4.34% 4.41% $0 $0 p.a. 80% More info
4.34% 4.42% $0 $0 p.a. 80% More info
4.54% 4.44% $0 $0 p.a. 80% More info
3.94% 4.10% $0 $330 p.a. 80% More info
Homeloans Ultra Plus Line of Credit
Line of credit with competitive interest rate and borrow up to 90% LVR and pay $0 application fee.
4.39% 4.75% $0 $330 p.a. 90% More info
4.79% 4.43% $0 $330 p.a. 95% More info
4.09% 4.13% $0 $330 p.a. 95% More info
3.89% 4.07% $0 $330 p.a. 95% More info
4.00% 4.09% $0 $330 p.a. 95% More info
4.09% 4.09% $0 $330 p.a. 95% More info
4.69% 4.39% $0 $330 p.a. 80% More info
3.99% 4.10% $0 $330 p.a. 80% More info
3.79% 4.04% $0 $330 p.a. 80% More info
3.90% 4.07% $0 $330 p.a. 80% More info
3.99% 4.08% $0 $330 p.a. 80% More info
5.14% 4.82% $0 $330 p.a. 95% More info
4.44% 4.51% $0 $330 p.a. 95% More info
4.24% 4.45% $0 $330 p.a. 95% More info
4.35% 4.48% $0 $330 p.a. 95% More info
4.44% 4.48% $0 $330 p.a. 95% More info
4.99% 4.64% $0 $330 p.a. 90% More info
4.29% 4.33% $0 $330 p.a. 90% More info
4.09% 4.27% $0 $330 p.a. 90% More info
4.20% 4.29% $0 $330 p.a. 90% More info
4.29% 4.29% $0 $330 p.a. 90% More info
4.69% 4.39% $0 $330 p.a. 80% More info
3.99% 4.10% $0 $330 p.a. 80% More info
3.79% 4.04% $0 $330 p.a. 80% More info
3.90% 4.07% $0 $330 p.a. 80% More info
3.99% 4.08% $0 $330 p.a. 80% More info
3.92% 4.08% $0 $330 p.a. 80% More info
3.92% 4.08% $0 $330 p.a. 90% More info
3.74% 3.90% $0 $330 p.a. 80% More info
4.15% 4.30% $0 $330 p.a. 95% More info
Homeloans Ultra Plus Variable Home Loan - $500k+ LVR 80.01% to 90% (Owner Occupier, P&I)
A great package with a discounted interest offer with up to 90% LVR.
3.97% 4.13% $0 $330 p.a. 90% More info
Homeloans Ultra Plus Variable Home Loan - $500k+ LVR<=80% (Owner Occupier, P&I)
A home loan that suits refinancer's and purchaser's with a flexible split rate option.
3.69% 3.85% $0 $330 p.a. 80% More info
4.48% 4.11% $0 $0 p.a. 95% More info
4.38% 4.02% $0 $0 p.a. 95% More info
4.23% 3.94% $0 $0 p.a. 95% More info
4.18% 3.90% $0 $0 p.a. 95% More info
4.18% 3.87% $0 $0 p.a. 95% More info
4.34% 4.38% $0 $0 p.a. 90% More info
4.24% 4.28% $0 $0 p.a. 90% More info
4.26% 4.27% $0 $198 p.a. 90% More info
3.83% 3.84% $0 $198 p.a. 95% More info
4.06% 4.07% $0 $198 p.a. 95% More info
4.59% 4.38% $0 $0 p.a. 95% More info
4.79% 4.58% $0 $0 p.a. 90% More info
4.99% 4.78% $0 $0 p.a. 95% More info
5.09% 4.88% $0 $0 p.a. 80% More info
5.29% 5.07% $0 $0 p.a. 90% More info
5.49% 5.27% $0 $0 p.a. 95% More info
Rates last updated December 10th, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
5.69% 5.74% $599 $260 p.a. 70% More info
6.04% 6.09% $599 $260 p.a. 80% More info
4.60% 4.78% $499 $10 monthly ($120 p.a.) 55% More info
4.60% 4.78% $499 $10 monthly ($120 p.a.) 70% More info
4.60% 4.78% $499 $10 monthly ($120 p.a.) 65% More info
5.73% 5.69% $0 $0 p.a. 80% More info
5.58% 5.63% $0 $0 p.a. 80% More info
5.32% 5.55% $0 $0 p.a. 80% More info
5.32% 5.58% $0 $0 p.a. 80% More info
5.23% 5.59% $0 $0 p.a. 80% More info
Homeloans MoniPower Lo Doc- Variable (Owner Occupier)
Enjoy 1he 100% offset account with redraw facility and borrow up to 95% LVR with no application fee.
5.59% 5.63% $0 $0 p.a. 95% More info
5.32% 5.28% $0 $0 p.a. 60% More info
5.52% 5.48% $0 $330 p.a. 80% More info
5.31% 5.27% $0 $0 p.a. 60% More info
5.51% 5.47% $0 $330 p.a. 80% More info
5.04% 5.18% $0 $0 p.a. 60% More info
5.24% 5.38% $0 $330 p.a. 80% More info
5.14% 5.22% $0 $0 p.a. 60% More info
5.24% 5.40% $0 $330 p.a. 80% More info
5.14% 5.22% $0 $0 p.a. 60% More info
5.34% 5.42% $0 $330 p.a. 80% More info
5.29% 5.32% $0 $0 p.a. 60% More info
5.19% 5.22% $0 $0 p.a. 60% More info
5.44% 5.47% $0 $0 p.a. 80% More info
5.17% 5.44% $0 $330 p.a. 60% More info
5.37% 5.64% $0 $330 p.a. 80% More info
5.16% 5.43% $0 $330 p.a. 60% More info
5.36% 5.63% $0 $330 p.a. 80% More info
4.89% 5.35% $0 $330 p.a. 60% More info
5.00% 5.55% $0 $330 p.a. 80% More info
4.99% 5.38% $0 $330 p.a. 60% More info
5.10% 5.58% $0 $330 p.a. 80% More info
4.99% 5.38% $0 $330 p.a. 60% More info
5.10% 5.58% $0 $330 p.a. 80% More info
5.14% 5.49% $0 $330 p.a. 60% More info
5.04% 5.39% $0 $330 p.a. 60% More info
5.29% 5.64% $0 $330 p.a. 80% More info
Rates last updated December 10th, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Homeloans Classic SMSF Home Loan
Use your SMSF to purchase an investment property to help with retirement and pay no ongoing fees.
5.64% 5.84% $0 $0 p.a. 80% More info

Home Loans Available from Homeloans

Variable Rate Home Loans.

There are several variable rate home loans available, offering customers plenty of choice when selecting the right one to suit their needs.

    • Homeloans Ultra. This is the basic variable product, which is essentially a 'no frills' loan. It offers a highly competitive discounted interest rate and there are no ongoing monthly account fees charged. Flexible payment options are available, so you can make payments weekly or fortnightly instead of just monthly. Additional payments are also fine and won't be penalised. There is a redraw facility available on this loan, so it's possible to withdraw any additional payments made, if required. This loan is intended for personal use only, for purchasing, constructing a new home or refinancing an existing home loan. It is not intended for business use, even though applications from self-employed or company borrowers is encouraged.

The Ultra Variable Rate Home Loan

    • Homeloans Ultra Plus. The Ultra Plus mortgage is also a 'no frills' home loan, but it offers an even cheaper interest rate than the Ultra product. This low interest rate is offered in exchange for a $330 annual fee. This offers an excellent way for borrowers with larger mortgage amounts to take advantage of the cheap interest rate and still save money on interest costs, despite the annual fee. The Ultra Plus loan offers the same features as the Ultra home loan, so a redraw facility is available and you can make extra payments off the mortgage without penalty.

The Ultra Plus Home Loan

    • Homeloans MoniPower. The MoniPower home loan is available at a very competitive interest rate and doesn't charge any monthly account fees. This loan also has a 100% offset account attached, which makes it ideal for any borrowers who wish to reduce the amount of interest they pay on the mortgage. This loan type is suitable for both personal and business use. Borrowers can be individuals, self-employed, companies, trusts, or non-Australian residents. It's also fine to be used for bridging finance purposes. Payments can be set to principal and Interest payments, or interest-only if required. It's also possible to adjust the payment frequency from monthly over to weekly or fortnightly for principal and interest loans. Interest-only loans have interest charged monthly in arrears.

The MoniPower Variable Rate Full Doc Home Loan

    • Homeloans Prosmart Home Loan. The Pro Smart home loan offers a competitive interest rate and has a bunch of features. On top of that, you are offered a Lender’s Mortgage Insurance Waiver fee, that isn’t available on other HomeLoans products. Along with no annual fee, this mortgage is an excellent way for borrowers with larger mortgage sizes to take advantage of because of the longer minimum loan term. Redraw facilities are available and you can make extra payments on the mortgage without penalties. This loan is suitable of owner-occupiers and investors.

The ProSmart Fixed Rate Home Loan

Fixed Rate Home Loans

For those borrowers who would rather lock in the interest rates over a fixed term, Homeloans does offer some very competitive fixed interest rates.

The rates available are very dependent on the base type of home loan chosen. This is because the loan will revert to a variable rate once the fixed term expires, so it's important to choose the correct home loan type.

Rates also vary depending on the loan-to-value ratio (LVR). You are able to borrow up to 95% of the property value on a fixed rate home loan. However, an additional discount off the advertised fixed rates is available for those customers with a LVR lower than 75%.

The Fixed Rate Home Loan

Line of Credit Home Loans

Homeloans offers customers a highly flexible line of credit mortgage. This type of home loan can be treated as a transaction account as well as a mortgage, where you're able to withdraw funds whenever you want up to the available credit limit.

It's possible to credit your salary directly to the home loan account, which actively reduces the amount of interest you pay. You then access your funds as you need them throughout the month.

Payments are made based only on the amount of interest due, and interest is calculated only on the outstanding balance, not on the total credit limit.

The line of credit home loans are suitable for personal use and can be used to purchase a property, refinance an existing loan or consolidate debts. This loan is not suitable for purchasing vacant land or for construction purposes. It's also not suitable for business purposes.

You are able to borrow up to 90% of the property value on a line of credit home loan. Keep in mind that Lender's Mortgage Insurance fees may apply if you exceed 80% of the property value.

    • HomeLoans Ultra Line of Credit. The Ultra line of credit account is available at a discounted interest rate and doesn't have any monthly account fees charged.

The Ultra Line of Credit Home Loan

    • HomeLoans Ultra Plus Line of Credit. The Ultra Plus line of credit is almost identical to the Ultra product in terms of setup. The primary difference is that this loan is available at an even cheaper interest rate. The reduced interest rate is offered in return for a annual fee. This offers borrowers with larger loan amounts to save money on interest costs overall.

The Ultra Plus Line of Credit Home Loan

  • HomeLoans MoniPower Line of Credit. The MoniPower line of credit can be operated like an all-in-one account. This loan allows you to credit your salary into the account. Unlike regular lines of credit, this particular loan also allows you to set your payments to Principal and Interest, rather than just Interest-Only. Setting the payments to Principal and Interest will mean that the available credit limit on the account will begin to reduce as you make more payments. Yet you can still operate the account the same way you would use a normal line of credit.
  • Homeloans Prosmart Line of Credit Loans. The Prosmart Line of Credit loan is suitable if you’re purchasing a home, refinancing so looking to consolidate your debts. You can borrow up to 90% of the purchase price and is only available as a variable interest loan. Interest-only repayments can be made on a either a fortnightly or monthly basis. You can have the option of splitting your loan if you package your loan with the Prosmart Variable Home loan. You can have a credit card linked to your account, as long as you have a minimum of $500. Additional repayments are free, but compensates for the annual maintenance fee of $150.

Homeloans Line Of Credit Home Loans

Rates last updated December 10th, 2016
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
$0 $198 p.a. 90% More info

Lo Doc Home Loans

HomeLoans does offer a range of lo doc home loans. These are ideal for self-employed borrowers who aren't able to show a full set of financial documents to verify income. The amount of documentation required is greatly reduced, making it much easier for self-employed applicants to access the funds they need.

The maximum amount you can borrow on a low doc home loan is limited to 80% of the property value. Keep in mind that low doc borrowers are required to pay lender's mortgage insurance for exceeding 60% of the property value.

The home loan types available for low doc borrowers include the variable products, such as the Ultra, the Ultra Plus and the MoniPower loans. Fixed rate home loans and lines of credit are also available.

Only the HomeLoans MoniPower loan type is suitable for business use. The remaining loans are designed for personal and investment use by self-employed borrowers.

Applying for a Homeloans Home Loan

The application process with Homeloans is very simple and convenient. It's possible to make an appointment to discuss your financial needs with a Homeloans consultant at a time to suit you.

The consultant will happily come to visit you at a place that is convenient for you and discuss the range of mortgages available. This will make it much easier for you to determine which one is most likely to be most suitable for your financial needs and goals.

The Mortgage Broker

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This page was last modified on 1 June 2015 at 17:33.

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4 Responses to Homeloans Home Loans

  1. Default Gravatar
    Bill | February 25, 2015

    Possibly a 40 year loan would be right for us. Do you have a listing of 40 year home loan lenders?

    • Staff
      Shirley | February 25, 2015

      Hi Bill,

      Thanks for your question.

      Homeloans Ltd offers a 40 year term on some of their home loans.

      If you would like to compare alternatives, please see this page.

      Cheers,
      Shirley

  2. Default Gravatar
    Michel | March 18, 2014

    Hi,

    I would like to sell my current house, payback my mortgage and get a loan for a new house. Also, i’ll need finance for an investment property which will be ready in May 2014.

    Michel

    • Staff
      Marc | March 18, 2014

      Hi Michel,
      thanks for the question.

      I’d recommend speaking to Homeloans directly regarding this matter. You can do so by clicking the ‘Go to site’ button on this page and then filling out an enquiry form. A Homeloans consultant will get back to you.

      Cheers,
      Marc.

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