Illawarra Home Loans

Rates and Fees verified correct on October 26th, 2016

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Illawarra Home Loans have over 20 years experience in helping people in the Illawarra region and beyond obtain a mortgage.

Illawarra Home Loans is an online mortgage brand. This means there are no branches, so all of your banking is handled from the comfort of your computer or laptop, or over the phone. The benefit of this is that the extra cost of a physical branch network isn't passed on to you, as is the case with other banks.

Compare Illawarra home loans

Rates last updated October 26th, 2016
Loan purpose
Offset account
Loan type
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Product nameInterest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
3.87% 4.10% $0 $345 p.a. 80% More info
Illawarra Home Loans First Home Fast Track Home Loan
A variable home loan with a low interest rate.
5.86% 5.88% $0 $0 p.a. 95% More info
4.27% 4.50% $0 $345 p.a. 95% More info
Illawarra Home Loans Bank Beater Variable Home Loan - LVR 80% to 90% (Owner Occupier)
Borrow up to 90% of your home loan value with a low annual fee.
4.07% 4.30% $0 $345 p.a. 90% More info
Illawarra Home Loans First Home Fast Track Home Loan -  1 Year Fixed
A fixed low interest rate home loan with 100% offset account.
4.28% 4.32% $0 $0 p.a. 95% More info
Illawarra Home Loans First Home Fast Track Home Loan - 3 Year Fixed
Borrow up to 95% of your home value with a low interest rate.
4.33% 4.34% $0 $0 p.a. 95% More info
Illawarra Home Loans First Home Fast Track Home Loan - 2 Year Fixed
No application fee plus a low interest rate.
4.28% 4.32% $0 $0 p.a. 95% More info
Illawarra Home Loans First Home Fast Track Home Loan - 5 Year Fixed
Low rate home loan fixed for 5 years. No application fee.
4.73% 4.77% $0 $0 p.a. 95% More info
Illawarra Home Loans First Home Fast Track Home Loan - 4 Year Fixed
A low rate home loan. Borrow up to 95% LVR.
4.73% 4.77% $0 $0 p.a. 95% More info

Home loans offered by Illawarra home loans

    • Bank Beater Home Loan - this outstanding product tackles the standard variable rate provided by the big four banks and allows customers to borrow up to 90% of the property’s value. If that’s not enough, the Bank Beater also come with no exit fees, no valuation fees, $0 application fees and no lender's legal fees, so you can direct your finances to the other expenses of owning a home.

The Beater Variable Rate Home Loan

    • Smart Fee Home Loan - If you're looking for an affordable home loan then the Illawarra Home Loans Smart Fee Home Loan could be an option you should consider. This product offers a low variable rate with no ongoing monthly/annual fee. Like the Bank Beater Home Loan, the valuation fee is refunded, $0 application fee and no lender's legal fee.
    • First Home Fast Track Home Loan - Illawarra Home Loans understands how difficult it can be for Australians to get into their first home. This is why the First Home Fast Track Loan is available. This loan allows you to borrow up to 95% of the property’s value, as well as offering a redraw facility, additional repayment options, the ability to fix a rate for one to five years and have an offset account whilst fixed. You can also apply to obtain a linked credit card at line of credit rates. Conditions apply so be sure to read the product disclosure statement. Applicants can be first home buyers, investors, or those seeking to relocate.

The First Home Fast Track

Why choose Illawarra home loans?

Experienced and dedicated team

Under company directors David Underhill and Martin Anstee, Illawarra Home Loans' team of mortgage professionals have been assisting people in the Illawarra region and beyond to find the right home loan since 1989. With more than twenty years experience in the home loan market, Illawara Home Loans understands what loan features are needed for different borrowers and have designed a range of competitive loans to meet each customer's needs and to keep their repayments low.

Each member of Illawara’s team of experts will work hard to find a loan that is tailored towards your lifestyle and financial situation so you can be comfortable with your loan now and into the future. The service does not end once you reach settlement, with Illawara’s mortgage experts remaining on hand to offer any necessary advice to help manage your borrowings and repayments over the life of the loan.

Backed by the Government

By operating under the funding of the Australian Government's $16 billion Residential Mortgage-Backed Securities program (RMBS), Illawarra Home Loans is still able to match the competitive loans on offer from other brands and is willing to negotiate the best deal with the lowest rate.

Accredited mortgage specialists

Applying for a home loan is the biggest financial commitment of your life, so the last thing you need is to work with a lender you do not feel secure with. You can rest assured knowing Illawarra Home Loans holds an Australian Credit Licence and is also a member of the Mortgage Industry Associations of Australia (MIAA) and the Finance Brokers Association of Australia (FBAA).

They will help you with all of the paperwork

Illawarra Home Loans understands that the process of looking for a home and applying for a loan is complicated enough as it is. They do not want their customers to be overwhelmed by endless paperwork. For this reason, Illawarra’s mortgage professionals will be on hand from application to settlement to answer any questions you might have and to help gather all of the necessary information for the application process. This assistance will afford you more time to concentrate on finding the best home your money can buy.

Illawarra Home Loans community support

Since 2002, Illawarra Home Loans has worked hard to enrich the lives of those in the community with their Community Support Program. The program assists those in compromising situations by donating a portion of the company's annual profits. In addition to offering cash grants to these groups, the program also helps establish alliances to bring about long-term change.

The Community Support Program is open to support the different charities and organisations and is happy to receive submissions for funding. Organisations are able to submit a funding proposal by June 1 each year to qualify for the funding. Each submission is then evaluated by the Illawarra Home Loans executive board.

Details of how to apply can be found on the Illawarra Home Loans website.

How to apply for a mortgage product from Illawarra Home Loans

If you are interested in any of the loans on offer from Illawarra Home Loans, you can submit a secure online application and make the first steps towards approval. Simply select the mortgage product you are interested in on this website and visit the Illawarra Home Loans website to contact them directly.

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This page was last modified on 13 September 2016 at 11:01.

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2 Responses to Illawarra Home Loans

  1. Default Gravatar
    aldrin | November 6, 2014

    do you do valuation prior to application?

    • Staff
      Elizabeth | November 6, 2014

      Hi Aldrin,

      Thanks for your question.

      The property valuation is done after you apply for the home loan.



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