Online Home Loans Comparison

Home loans for those who prefer to research and organise online.

Online Home Loans Morgage Broker logoOnline Home Loans caters to borrowers who don’t want to have to walk into a physical bank branch to get a home loan, and makes it easy to get finance by being available for a chat over email, live chat, through its Facebook page or over the phone.

Online Home Loans co-founder Murray Lees is one of the original founders of Connective, a leading Australian mortgage aggregator. Today 1 in 10 home loans are written by a mortgage broker from Connective.

Online Home Loans offers a range of home loans funded through Resimac, including fixed and variable rate loans for both owner occupiers and investors. Read on to compare its home loans and find out more about the company.

Rates last updated May 23rd, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.64%
3.65%
$275
$0 p.a.
95%
A variable rate home loan for owner occupiers with a 100% offset account.
3.54%
3.86%
$275
$299 p.a.
95%
Pay off your loan sooner with a 100% offset account.
4.19%
3.99%
$275
$299 p.a.
95%
A competitive fixed rate for 3 years with split loan options.

Compare up to 4 providers

Rates last updated May 23rd, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
4.59%
4.26%
$275
$299 p.a.
95%
Invest in property with a competitive 3 year fixed rate.
3.94%
4.25%
$275
$299 p.a.
95%
A competitive loan for investors. Annual fee applies.
4.04%
4.05%
$275
$0 p.a.
95%
Invest in property and take advantage of a 100% offset account.

Compare up to 4 providers

Who is Online Home Loans?

Online Home Loans is a challenger brand backed by leading non-bank lender Resimac. Because Online Home Loans is web-based and doesn't have physical branches, it has lower overheads and can pass on competitive rates to you.

What home loans does Online Home Loans offer?

Standard

The Standard Home Loan is a variable rate loan. It is a full documentation home loan, so you’ll need to supply payslips and all other supporting information. It has a high maximum LVR of 95%, so you’ll only need a 5% deposit. It also comes with a 100% offset account, so you can save on interest costs and pay your loan off earlier.

Horizon

The Horizon Home Loan has the option of a competitive variable rate or a three-year fixed rate. The variable rate variant of this loan has a 100% offset account and allows extra repayments.

If you opt for the three-year fixed rate variant you can also pay for the Rate Lock feature which allows you to lock in the rate at the time of application to ensure it won’t change between application and settlement.

Both variants of this loan carry an annual fee of $299, and you can split the loan into multiple portions to take advantage of the different rate options.

What other services does Online Home Loans offer?

Online Home Loans also offers a mortgage broking service. A mortgage broker can help evaluate your requirements and then sort through home loans from many different lenders, including the big four banks and smaller lenders. They’ll then recommend the best mortgage products for you. Because mortgage brokers earn a commission from the lender that you choose, you pay no fee for this service.

Find out more about Online Home Loans’ broking service in our review

How to apply for a loan from Online Home Loans

If you’re interested in any of Online Home Loans’ products, you can read more about them by clicking the links in the table above. This will lead you to a review page for each product, describing the product's details and how to apply.

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Important Information*
NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I) First Home Buyer Special

Start your home buying journey with 2 years of fixed repayments and a reasonable rate from a big 4 bank. Available with a 10% deposit.

UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupied Variable P&I Rate — borrowing $700,000 or more

Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule. Refinance to a UBank loan and you could get $1,000 in your USaver account (offer conditions apply).

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)

Loans over $150k get a discount off an already low fixed rate. Available for NSW, Qld and ACT residents only.

Newcastle Permanent Building Society Premium Plus Package Home Loan - New Customer Offer ($150,000+ Owner Occupier, P&I)

New borrowers or refinancers from another lender get a discounted rate with this package loan.

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2 Responses

  1. Default Gravatar
    JuleeSeptember 15, 2017

    Have property worth around 500,000. want to build again and get a loan for 430.000 to build then sell the other property and put the money from it on the other loan. can this be done.

    • Default Gravatar
      GruSeptember 16, 2017

      Hello julee,

      As a friendly reminder, please note that finder is an Australian comparison website and general information service.
      While we do not represent any company we feature on our pages, we can offer you general advice.

      To answer your question above, yes, that may be done.
      You may also want to view this page for a list of mortgage brokers as well as a comparison table to guide you in making an informed decision.

      Hope this helped.

      Cheers,
      Gru

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