Lower Rate Loans Home Loan Comparison

Receive your own personal loan manager to assist you with every step of your home loan application process and a competitive variable rate.

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Lower Rate Loans is an Australian lender that offers a competitive rate and aims to help its customers save money on their home loans. A dedicated loan manager is assigned to you and helps you develop a borrowing and repayment strategy to suit your individual needs.

Who is Lower Rate Loans and what do they do?

Lower Rate Loans offers a range of mortgages to suit the needs of different borrowers, from loans with fixed or variable rates to products with high loan-to-value ratios (LVR). In addition to a competitive rate, it offers no monthly fees and the option of making additional repayments towards your loan in order to get out of debt sooner.

As Lower Rate Loans is not an online lender, you can meet with a lending expert face to face when you want to discuss your borrowing needs. You’ll also be assigned a personal loan manager when you take out a loan, and that manager will be your point of contact for any questions you have throughout the life of the loan.

Rates last updated February 28th, 2020
Loan purpose
Offset account
Loan type
Repayment type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
Lower Rate Loans Offset Variable Home Loan
$0 p.a.
With no ongoing fees and a 100% offset account this loan helps you pay your loan off sooner.

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Lower Rate Loans Home Loans options

Offset Variable Home Loan

The Offset Variable Home Loan from Lower Rate Loans offers a competitive interest rate and is available for home purchasing and refinancing. The loan comes with an optional offset account so that you can limit the amount of interest you have to pay on your loan, while principal and interest or interest-only repayments are also available. You can enjoy the flexibility of making additional repayments if you can afford to do so, and a redraw facility allows you to access those extra repayments. There are no monthly fees to worry about, and there is no settlement, application or valuation fee. A debit card is offered to provide easy access to your money.

Other loans

If the Offset Variable Home Loan from Lower Rate Loans doesn’t satisfy your borrowing needs, you can contact the lender directly to find out about some of the other loans available. Fixed rate loans and mortgages with an LVR of more than 80% are also available from Lower Rate Loans, so get in touch via phone or email if you’d like to find out more.

How to compare home loans

Pros and cons of Lower Rate Loans home loans


  • Competitive rate. Compare the standard variable rate offered by Lower Rate Loans to see how affordable it is when compared with the interest rate offered by the big banks and other lenders.
  • No monthly fees. You don’t have to worry about paying any monthly fees on your loan. Other charges are also waived, such as the application and settlement fee.
  • Personal loan manager. A Lower Rate Loans personal loan manager can help you answer any questions throughout the lending process, from application to the day you pay off your loan.


  • Limited information about other loans. If you have specialist borrowing needs or would prefer the security of a fixed interest rate, contact Lower Rate Loans directly to find out more about your borrowing options.

How to apply for a Lower Rate Loans home loan

In order to be eligible for a loan from Lower Rate Loans, you’ll need to be at least 18 years of age and a citizen or permanent resident of Australia. If you meet this criteria and you’d like to find out more about the loans on offer, click the link on this page to be taken to the Lower Rate Loans website.

You can then fill out an enquiry form and provide your name, email address, phone number and message.

Once your form has been submitted, a Lower Rate Loans loan manager will contact you to arrange a time to discuss your financing needs. Alternatively, you can contact the lender via phone to arrange an appointment.

Documents needed to apply for a Lower Rate Loans home loan

Personal information

In addition to your full name, address and contact information, you’ll also need to provide proof of ID when you apply for a loan from Lower Rate Loans. Proving your identity is a crucial part of the loan application process.

Property information

Next, you’ll need to supply details of the property you plan on purchasing, including where it’s located, how much you’re paying for it and who is selling the property to you. You may need to provide:

  • The contract of sale
  • The certificate of title
  • The transfer of land documents

Financial information

Finally, the lender will also need to know some information about your finances to determine whether or not you will be capable of repaying the amount you borrow. The following factors will all be taken into account when determining your suitability for a loan:

  • Your credit history
  • Your employment status
  • Your income
  • Any assets you own
  • Any liabilities in your name and other ongoing expenses

A Lower Rate Loans personal loan manager will be able to guide you through the application process and answer any questions.

Home Loan Offers

Important Information*
Logo for Athena Variable Home Loan - Owner Occupier, P&I
Athena Variable Home Loan - Owner Occupier, P&I

Owner occupiers can get one of the lowest rates in the market with this variable rate mortgage. $0 application fee and $0 ongoing fees.

Logo for UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 2.84% p.a. and a 2.84% p.a. comparison rate.

Logo for loans.com.au Essentials - Variable (Owner Occupier, P&I)
loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.04% p.a.
comp rate of 3.06% p.a.

Logo for loans.com.au Smart Home Loan - (Owner Occupier, P&I)
loans.com.au Smart Home Loan - (Owner Occupier, P&I)

Get one of the lowest variable interest rates on the market and pay 0 application or ongoing fees.

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