Ratebusters home loans

Compare home loan deals available from Ratebusters.

Ratebusters offers speed, convenience and competitive rates to its customers. This online lender is backed by The Assured Group, so you get the peace of mind of dealing with a big company combined with fast and responsive service.

Who is Ratebusters?

Ratebusters is able to offer competitive rates to customers because it does not pay for the bricks-and-mortar infrastructure of many other lenders. Instead, everything is done online and savings are passed on to customers.

Ratebusters aims to make the process of applying for a home loan easy and straightforward. It offers two home loan options to choose from, each of which has its own unique benefits and features.

Home loans offered by Ratebusters

Ratebusters Ultimate

This home loan features competitive rates plus a loyalty bonus rate reduction. Ratebusters does not charge application fees or monthly service fees, but a document preparation fee and legal fee do apply. Other features include:

  • A redraw facility
  • Split loan account available (up to four splits)
  • No split loan fee
  • ATM and EFTPOS access
  • Offset account
  • Additional repayments allowed

AFG Pro Pack Home Loan

The AFG Pro Pack Home Loan offers more features than the Ratebusters Ultimate. Fees related to processing the loan such as the application fee, documentation preparation fee, valuation fee and monthly service fee are all waived for this loan. Other features include:

  • A redraw facility
  • Split loan account available (up to four splits)
  • No split loan fee
  • ATM and EFTPOS access
  • Offset account
  • Additional repayments allowed

About how to compare home loans

Pros and cons of Ratebusters home loans


  • Fewer fees. Ratebusters offers fewer fees than many other lenders.
  • Dedicated phone support. Because of its online-only presence, the company makes an extra effort to help its customers by providing helpful and informative customer support services.
  • Fast processing. Home loan applications are processed quickly by Ratebusters. While the exact timeframe of acceptance or rejection depends on your individual circumstances, it is still a fast and straightforward process.


  • No physical presence. While having no bricks-and-mortar branch is part of the deal when you sign up to become a Ratebusters client, some people may not be comfortable with dealing with a company completely online.
  • Fixed interest rate home loan not currently available. Ratebusters currently only offers variable rate home loans.

How to apply for a Ratebusters home loan

Ratebusters makes it easy for you to apply for a home loan. It offers reliable phone support services known as “Harry’s Helpdesk” if you have questions regarding Ratebusters products or your loan application. There are multiple ways to apply for a Ratebusters loan:

  • Online application. This option involves filling out an online application form. It can be saved for later retrieval.
  • Offline application forms. If you are more comfortable filling out the application on paper, you can simply download the form and submit it with complete details to Ratebusters.
  • Short form assessment. If you want to find out if you qualify for a loan prior to sending your application, complete the short form assessment on the Ratebusters website.

Documents needed to apply for a Ratebusters home loan

Personal information

  • Driver’s licence or passport and other forms of identification which satisfy a 100 point ID check.

Property information

  • The purchase price of the property, as well as its location
  • The size of your deposit

Financial information

  • Payslips and information regarding your employment.
  • Information regarding any assets and any debts you hold.
  • Details of your liabilities, such as loans, credit card debt, ongoing expenses etc.

Ratebusters has a small, but competitive stable of loans. You may wish to consider adding their products into your comparison the next time you’re looking for a new loan or to refinance.

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