Reduce Home Loans Comparison

Rates and Fees verified correct on December 11th, 2016

Compare a range of flexible fixed rate and variable rate home loans

Reduce Home Loans is an Australian owned and operated online company that holds their own credit licence and operate solely online with no bricks and mortar branches. They are a brokering company that have funding lines from more than 25 accredited funders including a pool of funds that comes partially from the big four banks.

With fixed and variable rate loans for home buyers, investors and those looking to refinance, Reduce Home Loans offers mortgages with a range of flexible features.

Compare Reduce Home Loans

Rates last updated December 11th, 2016
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Loan purpose
Offset account
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Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
Reduce Home Loans Rate Buster Standard Variable - LVR <= 80% (up to $500k) (Owner Occupier)
Low variable rate with no ongoing fees and great features.
3.35% 3.35% $440 $0 p.a. 80% More info
Reduce Home Loans Rate Buster 100% Offset Variable Home Loan
Borrow up to 85% LVR with no ongoing fees and a 100% offset account.
3.44% 3.44% $440 $0 p.a. 80% More info
4.19% 4.28% $440 $0 p.a. 95% More info
4.09% 4.30% $440 $0 p.a. 80% More info
4.19% 4.32% $440 $0 p.a. 95% More info
Reduce Home Loans Investor Rate Buster Variable - LVR up to 80%
An investment loan with a competitive interest rate, no ongoing fees and flexible repayment options.
3.79% 3.79% $440 $0 p.a. 80% More info
4.19% 4.35% $440 $0 p.a. 85% More info
Reduce Platinum Rate Buster 100% Offset Home loans
$0 application or ongoing fees with 100% offset account.
3.64% 3.64% $0 $0 p.a. 80% More info

Home loans offered by Reduce Home Loans

Rate Buster Fee Free Variable Loan

The Rate Buster Fee Free Variable Loan offers a competitive interest rate and is available for owner-occupiers, investors and refinancers. Loan amounts range from $50,000 to $750,000, and product allows a loan-to-value ratio (LVR) of up to 95%. Unlimited additional repayments can be made each year without incurring a penalty, and there are no ongoing fees to contend with.

Home Owners Dream 1 Year Fixed Fee Free Loan

This loan offers the security of fixed repayments, and allows up to $20,000 of additional repayments each year. Loan amounts range from $50,000 to $500,000 and a maximum LVR of 80% applies. There are no ongoing fees, and repayments can be made fortnightly or monthly.

Home Owners High Lend 1 Year Fixed Fee Free Loan

Available with a higher maximum LVR of 90%, the Home Owners High Lend 1 Year Fixed Fee Free Loan is available for owner occupiers who are looking to purchase a home or refinance an existing loan. Up to $20,000 of additional repayments are permitted per annum without incurring a penalty, while repayments can be made via direct debit or salary credit.

Investor Rate Buster 1 Year Fixed Fee Free

This loan is available for investment property purchases and refinancing. With a maximum borrowing amount of $750,000, the longest loan term available is 30 years. Other features include the ability to split between a fixed and variable rate, no ongoing fees and the option to make interest-only repayments for a period of up to five years.

How to apply for Reduce Home Loans products

Check out the comparison table provided on this page if you would like to apply or find out more information about Reduce Home Loans. You can then fill out an enquiry form on the Reduce Home Loans website with your name, contact details, postcode and any questions you have about borrowing.

Reduce Home Loans will contact you within 1-2 business days to discuss your requirements and see whether you qualify for a loan.

Documents needed to apply with Reduce Home Loans

Personal information

You’ll need to provide certain details as part of the loan application process, including:

  • Your name and address
  • Your date of birth
  • Your contact information
  • Proof of identity, which may include your passport and/or driver’s licence
Property information

Next, Reduce Home Loans will require information concerning the property you are planning to buy. This includes:

  • The contract of sale, which includes the details of the property and the price you will be paying for it.
  • The certificate of title, which is needed to prove that the person selling the property actually owns it.
  • The transfer of land, which is a document that details the transfer of the land you are buying into your name.
Financial information

Finally, you’ll need to provide financial information to demonstrate your ability to repay a loan.

Reduce Home Loans will need you to supply:

  • Employment information and evidence of your income
  • Proof of genuine savings
  • Information regarding your assets, such as shares
  • Details of any liabilities you may have, such as credit card debt

Reduce Home Loans offers an extensive range of mortgage products that may offer the borrowing solution for you.

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This page was last modified on 5 October 2016 at 15:07.

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