Online home loans and lenders

Online home loan lenders offer super-low interest rates and quick loan processing times. Compare the latest offers today.

How can Finder help you today?
Find the right home loan in 4 clicks
Quiz splashscreen image
{"visibility":"visibilityTable","ctaLabel":"Calculate","tableCode":"AUFHL_FINDER_SCORE","nicheCode":"AUFHL","fields":[{"name":"LOAN_AMOUNT","value":"150000","options":"","label":"Borrowing Amount","suffix":"$","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""},{"name":"PERIOD","value":"30","options":"","label":"Period","suffix":"years","useSuffixAsPrefix":true,"useDropDownOption":false,"tooltip":""}]}
Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Ubank logo
Principal & Interest40% min. depositOwner-occupier
Ubank logo
Principal & Interest40% min. depositOwner-occupier
Go to site
Product NameUbank Neat Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.6.11%
Minimum Loan Amount$80,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.09%
Comparison Rate
6.11%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$909
Go to site
Tiimely Home logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupier
Tiimely Home logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupier
Product NameTiimely Home Own Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.74%
Comp. Rate p.a.5.99%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.74%
Comparison Rate
5.99%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$876
ING logo
Principal & Interest20% min. depositOwner-occupierOffset account$150,000+
ING logo
Principal & Interest20% min. depositOwner-occupierOffset account$150,000+
Product NameING Orange Advantage Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.14%
Comp. Rate p.a.6.43%
Minimum Loan Amount$150,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.14%
Comparison Rate
6.43%
Fees
Application: $0
Ongoing: $299 p.a.
Monthly Payment
$914
Tiimely Home logo
Finder Award
Principal & Interest10% min. depositOwner-occupierOffset accountwith offset
Tiimely Home logo
Finder AwardPrincipal & Interest10% min. depositOwner-occupierOffset accountwith offset
Product NameTiimely Home Own Variable Rate Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6.10%
Minimum Loan Amount$50,000
Maximum Loan Amount $3,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6.10%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
Easy Street logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupierOffset account
Easy Street logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupierOffset account
Product NameEasy Street Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.74%
Comp. Rate p.a.6.06%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.74%
Comparison Rate
6.06%
Fees
Application: $500
Ongoing: $0 p.a.
Monthly Payment
$876
Homeloans logo
Principal & Interest10% min. depositOwner-occupierOffset account
Homeloans logo
Principal & Interest10% min. depositOwner-occupierOffset account
Product Namehomeloans.com.au Low Rate Home Loan with Offset
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.7.09%
Comp. Rate p.a.7.09%
Minimum Loan Amount$100,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
7.09%
Comparison Rate
7.09%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$1,008
loading
Showing 8 of 8 results

Key takeaways

  • Online lenders have a completely digital process, which includes no branch access and online application forms.
  • They can be trusted as much as any lender and are often owned and backed by much larger lenders.
  • Getting a home loan from an online lender can be much faster than traditional lenders, as long as you tick the right boxes.

What are online lenders?

An online lender will have its application and assessment process completely online. As a borrower you fill out an online form and upload your documents onto an online system. If you have a simple application it may also be assessed digitally, but they will also have the option for manual credit assessment too.

You can get online lenders that just offer you loans or you can get online banks, which also provide bank accounts. Many online banks, also known as neobanks, are owned or funded by a larger lender, and even the smallest lender is bound by Australian financial regulations.

Are online home loans safe?

Just because you haven't heard of a small online lender, doesn't mean it's unreliable. Online lenders will need to meet the same criteria and have the same protections as even the biggest lender. In fact, some of the big lenders that you will have heard are online lenders which have been running for some time, like ING or ME Bank.

If you are concerned, you can check that an individual lender has an Australian Credit Licence (ACL). Lenders should list their ACL number at the bottom of their webpage. This number can be cross-referenced with ASIC Connect's databases.

In the extremely unlikely event that an online lender closes up shop, your home loan is likely to be sold to another lender. This should have little to no effect on your repayments or overall loan, and the only change will be the company servicing your loan.

Fun stats

  • 36% of Australians said they would prefer to apply for their home loan online.
  • 51% of Australians said they would prefer to apply for their home loan in a branch.
  • Only 9% of Australians said they would prefer to speak to a lender about their home loan via an online chat.
  • 53% of Australians said they would prefer to speak to a lender about their home loan in a branch.

*Figures from a Finder survey in December 2023

What are the benefits of using an online home loan lender?

  • Lower rates. Because they don't have the overhead of operating branches, online lenders can pass their savings onto you in the form of much lower interest rates. Many online lenders also offer innovative products and have a wide product range to suit a variety of borrowers.
  • Convenience. Online lenders also often have easy-to-use platforms that can help you speed through the application process. They also offer the ease and convenience of completing the mortgage application process from home rather than having to visit a bank branch.
  • Faster processing. Online lenders are innovating at a fast pace, and many of them offer super swift loan processing times – including the ability to assess, review and approve your home loan within hours.

Are there any downsides to going with a digital lender?

There are a few things worth noting if you're considering a digital lender.

  • Location. Some of the smaller online lenders aren't able to lend money for properties in regional areas. In the mortgage world, rural areas are regarded as riskier security, and many online lenders don't have the size or expertise to handle these types of loans. When purchasing a rural property, it is worth asking around for the lenders that permit home loans for regional areas.
  • Not in person. If you're uncomfortable with using the Internet for your banking, or you'd prefer face-to-face communication with your lender, then an online home loan probably isn't right for you.
  • Vanilla loans. While it is improving, the speed and convenience of an online lender are typically only for those lenders who tick all the right boxes. If you're anything other than PAYG employed or you don't have a perfect credit score, even online lenders will still need more time to process your application.
Richard Whitten's headshot
Our expert says

"I got my home loan via an online lender. It was really fast and simple. I put in all my details online and quickly got a follow up email from the lender. Then I received some paperwork in the mail, which I had to sign and post off. A guy came to my door to verify my ID, which was an odd experience. That was the only offline part of it. The fact we were buying an established property in a big city made it easier (it's easy for the lender to value the property automatically). If my case was more complicated I probably would have called a mortgage broker. But I have no regrets about my online home loan experience."

Money Editor

How do I apply for an online home loan?

You'll usually find an online application form on the lender's website. Simply follow the steps to enter all your information. Often, the online lender will assess your application in real-time as you fill out the fields.

Online home loan applications require much of the same documentation as with any home loan lender. They will still want to know your income and expenses to make sure you can meet your repayments.

Documents you will need include the following:

  • Proof of identity
  • Income documents (e.g. payslips or business activity statements)
  • Property details
  • Bank statements

Some borrowers may need to provide additional information, such as self-employed borrowers or those with poorer credit scores – this can slow down the application process.

Learn more about online lenders

Here's a little more information about some of the online lenders in our table, including which organisations fund or support them, and the digital innovations they offer:

  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online service.
  • Unloan. This digital lender is owned by the Commonwealth Bank and offers fast loan applications for refinancers.
  • Homestar. A 100% online lender, Homestar has been providing mortgages to Australian borrowers since 2004.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.
  • AMP. While AMP is a large, traditional financial services company its lending business is fully online.
  • Loans.com.au. A Brisbane-based online lender, Loans.com.au is backed by Firstmac, Australia's largest non-bank lender.
  • ME Bank. Member's Equity was established back in 1994 and went fully digital in 2012. It's owned by the Bank of Queensland.
  • Tiimely Home. This lender boasts a fast online application tool, and it's backed by the Bendigo and Adelaide Bank.
  • UBank. This entirely digital lender is backed by NAB, one of the nation's largest banks.
  • Yard. A 100% online lender with a wide range of home loan products.

Frequently asked questions about online home loans

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

To make sure you get accurate and helpful information, this guide has been edited by David Gregory as part of our fact-checking process.
Richard Whitten's headshot
Money Editor

Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise
Richard has written 582 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

2 Responses

    Default Gravatar
    Kevin.January 13, 2020

    Do you lend on property purchases in country Qld e.g Innisfail?

      Default Gravatar
      NikkiJanuary 15, 2020

      Hi Kevin,

      Thanks for your comment and I hope you are doing well. You would be able to know if a lender approves property purchases in a certain state by contacting them directly. You will find a table that compares the features and benefits of each home loan provider such as max loan rate, interest and etc. This way it will be easier for you to see which provider fits you best. To get started, browse through the list of lenders on the page and click the GO TO SITE button to be redirected to their main website. You can also click the compare box beside each loan option and compare up to 4 options side by side for easier comparison.

      As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

More guides on Finder

Go to site