Reduce Loans

Reduce Home Loans

Reduce has home loan rates starting from 1.89%.

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Reduce Home Loans is an Australian owned and operated non-bank lender. It offers a range of home loans for Australian borrowers. Check out the full table of Reduce Home Loans products below or read more about the lender.

Compare Reduce home loans for January 2022

Compare Reduce home loans below. Hit "load more" to see a fuller selection of home loans.

Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

Reduce Home Loans Home Owners Dream Fixed P&IHome 3Y Fixed≥ 20% Deposit

Reduce Home Loans Home Owners Dream Fixed
  • App: $0
  • Ongoing: $0 p.a.

Reduce Rate Lovers Variable Home Loan P&IInvestment≥ 20% Deposit

Reduce Rate Lovers Variable Home Loan
  • App: $0
  • Ongoing: $0 p.a.
This low variable rate loan comes with a free redraw account and no ongoing fees, as well as flexible repayments.

Reduce Rate Slasher Variable Home Loan P&IHome≥ 20% Deposit

Reduce Rate Slasher Variable Home Loan
  • App: $0
  • Ongoing: $0 p.a.
Get a low variable rate home loan and pay less interest. Optional offset account (with a $10 monthly fee.

Reduce Home Loans Low Rider Variable P&IHome≥ 30% Deposit

Reduce Home Loans Low Rider Variable
  • App: $440
  • Ongoing: $0 p.a.
One of the market's most competitive variable home loan rates.

Reduce Rate Lovers Variable Home Loan P&IHome≥ 20% Deposit

Reduce Rate Lovers Variable Home Loan
  • App: $0
  • Ongoing: $0 p.a.
This low variable rate loan comes with a free redraw account and no ongoing fees, as well as flexible repayments.

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Reduce Home Loans key facts

  • It's an Australian owned and operated non-bank lender based in Queensland Australia.
  • It offers home loan products for owner-occupiers and investors.
  • This lender only offers home loan products.

Reduce home loan features

Here are the key features and details you need to know about Reduce Home Loans' mortgage products.

Minimum depositIt's possible to get a home loan with a deposit as low as 10%.
Offset accountYou can get an offset account with several of its loans.
Repayment optionsMany of its loans allow you to make interest only repayments for a limited period. The lender also offers the standard principal and interest repayments on its loans.

How do I apply for a mortgage from Reduce Home Loans?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.


The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Reduce Home Loans you are required to provide certain information so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property. But to complete an application you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tic:Toc. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

More guides on Finder

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2 Responses

    Default Gravatar
    StevenMarch 28, 2019

    I am a pensioner my wife and I own our home and we now want too sell this one and buy another home within 2 hours of Sydney. Would you be able to lend money to help buy?

      Avatarfinder Customer Care
      JeniMarch 30, 2019Staff

      Hi Steven,

      Thank you for getting in touch with Finder.

      If you consider getting a loan with Reduce Home Loans please visit their official page for more info on their offered financial products and compare which would suit your needs.

      You may refer to our pensioner home loans and mortgages for over 55s guide to know how to get mortgage on pension. I also suggest that you seek help from a mortgage broker as they can help you pick the right home loan for you.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps.

      Thank you and have a wonderful day!


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