OneTwo Variable Rate Home Loan

OneTwo's Rate Variable Rate Home Loan lowers your rate as you make repayments. It's currently only available for refinancers in metro NSW, VIC, QLD and SA.

The OneTwo Variable Rate Home Loan from online lender OneTwo offers a single, low variable rate for owner-occupier refinancers. It has low fees and some creative ways of rewarding you for paying off the loan.

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Review by

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification.

Expert review

OneTwo's Rate Variable Rate Home Loan is an impressive offer if you meet the eligibility criteria. It's a very low variable rate loan with no fees. And OneTwo rewards you for repaying the loan by discounting your rate as your loan amount drops, and by matching any extra repayments you make up to $2,500. For some borrowers the lack of an offset account or redraw, plus the fact that you need to be a refinancer in a metro area of 2 states, might limit the appeal of this loan.

About this loan

What are the features and benefits of the OneTwo Rate Variable Rate Home Loan?

  • Required deposit. With this loan you can borrow up to 80% of your property's value.
  • Loan amount. This loan has a minimum loan size of $20,000.
  • Refinance only. OneTwo is currently only lending to refinancers who own a home (not an investment property). This may change in the future.
  • Rate discounts. For every 5% of your original loan amount you repay, OneTwo will automatically discount your rate by 0.03%. This ends once you repay 25% of your loan and represents a gradual discount that ends up being 0.15%.
  • Extra repayments. This loan allows extra repayments. Once you've had the loan for 6 months, OneTwo will match any extra repayments you make up to a total of $2,500. So, as long as you make $2,500 in extra repayments, it will effectively double.
  • No fees. This loan has no fees.

How to apply

To apply for this home loan or learn more about it, click the green button and speak to a lending specialist from OneTwo.

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    Default Gravatar
    June 22, 2022

    I would like to know if I am eligible for this type of loan. Can you please give me a call ***

      June 23, 2022


      At Finder, we do not offer loans directly. We just give information to help you compare. You can contact OneTwo directly and ask about specific eligibility criteria.

      I hope this helps,

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