Get exclusive money-saving offers and guides
Straight to your inbox
By signing up, you agree to the Finder
Privacy & Cookies Policy
and
Terms of Use, Disclaimer & Privacy Policy.
Online home loans and lenders
Online lenders can deliver sharp rates and innovative products. Plus, many of them are backed by larger, traditional lenders.
Home Loans
Guides & Help
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Online home loans from digital lenders are a popular option for home buyers on a strict budget, or anyone who wants to save money. With sharp rates, a wide range of products and easy-to-use platforms, they can be a great alternative to traditional banks.
variable rate comparison rate The homeloans.com.au Low Rate Home Loan with Offset - LVR Under 60% (Owner Occupier, P&I) is a variable rate loan with no application fee and no ongoing fees. Requires a 40% deposit.
homeloans.com.au Low Rate Home Loan with Offset - LVR Under 60% (Owner Occupier, P&I)
2.14 %
p.a.
2.16 %
p.a.
Online Home Loan Lender Offer
Compare online home loans and online brands
After entering your details a mortgage broker from Aussie will call you. They will discuss your situation and help you find a suitable loan.
- A comparison of home loans from multiple lenders.
- Expert guidance through the entire application process.
- Free suburb and property reports.
The Adviser’s number 1 placed mortgage broker 8 years running (2013-2020)
Are online home loans safe?
Just because you haven't heard of a small online lender doesn't mean they're unreliable. Most of these brands are owned or funded by a larger lender. And even the smallest lender is bound by Australian financial regulations.
However, if you are concerned about the safety of an online lender, you should check that they have a 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.
Who takes the risk?
It's important to keep in mind that when you take out a home loan, the lender is the one actually taking the risk. In the extremely unlikely event 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, and the only change will be the company servicing your loan.
Tell me more about some of these 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:
- UBank. This entirely digital lender is backed by NAB, one of the nation's largest banks.
- Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
- Tic:Toc. This startup boasts that its online application tool can process your mortgage application faster. They're backed by the Bendigo and Adelaide Bank.
- Homestar. A 100% online lender, Homestar has been providing mortgages to Australian borrowers since 2004.
- 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.
- ING. This online bank is part of the global, Dutch-based financial group of the same name.
What are the benefits of using an online home loan lender?
- Lower rates. Because they don't have the overheads 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. And with a heavy focus on tech development, they're often able to offer faster approvals than traditional lenders. They also offer the ease and convenience of completing the mortgage application process from home rather than having to visit a bank branch.
Are there any downsides to going with a digital lender?
- For regional properties. 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 nor 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.
- The personal touch. 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.
More guides on Finder
-
Finder Daily Deals: The 5 best online deals in Australia today
Today's best online deals in Australia, hand-picked by Finder's shopping experts.
-
Nano promises faster mobile home loans, with payment features on top
Borrowers will be able to tap their phone and buy a coffee – via their home loan.
-
2-hour home loan approval: Can it happen?
A new partnership between digital bank 86 400 and Mortgage Choice aims to deliver unconditional home approval within as little as two hours – can it really happen?
-
What is home equity?
A detailed explainer of the concept of home equity and how property owners can make use of it.
-
What does it mean for you if we’re no longer in a recession?
The recession is apparently over – but what does this actually mean for your money, and what impact does it have on your savings, loans and investments?
-
Pepper Money
Pepper Money is an Aussie non-bank lender that offers a vast range of personal loans and home loans to customers Australia-wide. Find out more here.
-
Lenders reduce rates on top of RBA rate cut
Many mortgage holders don't realise they could save thousands more, with several lenders slashing rates further than the official cut.
-
RBA rate cut: which lenders are passing on the cut?
The official cash rate is now 0.10%. Here are all the lenders passing on the RBA's November cut to borrowers.
-
Sarah Megginson joins Finder to lead home loan editorial strategy
Highly regarded journalist and industry heavyweight Sarah Megginson has joined Finder, Australia’s most visited comparison site, to oversee the editorial strategy for its home loans vertical.
-
Investment loans almost halved in cost since COVID-19
While COVID-19 has delivered a number of economic challenges, there is one area where Australians have benefits – with investment loans now cheaper than they've ever been.
Home Loan Offers
Important Information*
Ask an Expert
Do you lend on property purchases in country Qld e.g Innisfail?
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