Well Home Loans

Well Home Loans

Well Home Loans has home loans for owner-occupiers and investors, with rates starting from 1.84%.

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Well Home Loans is an online Australian lender based in Melbourne. Well Home Loans has home loans for investors and owner-occupiers, and many of its loans have competitive interest rates. Check out the full table of Well Home Loans products below or read more about the lender and its loans.

Compare Well Home Loans home loans for October 2021

Hit the "Load more" button to compare a bigger selection of products. You can also find more information on each individual product by clicking "more info".

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

Well Home Loans Balanced Fixed Home Loan P&IHome 1Y Fixed≥ 10% Deposit

Well Home Loans Balanced Fixed Home Loan
1.84%
2.01%
  • App: $250
  • Ongoing: $0 p.a.
$544
Owner occupiers can get a sharp fixed rate for the first year, plus an offset account. Available with a 10% deposit.

Well Home Loans Balanced Fixed Home Loan P&IInvestment 3Y Fixed≥ 10% Deposit

Well Home Loans Balanced Fixed Home Loan
2.34%
2.36%
  • App: $250
  • Ongoing: $0 p.a.
$582
A competitive 3 year investor rate with principal and interest repayments. Optional offset account with a $10 monthly fee. Not available for construction purposes.

Well Home Loans Equity Plus P&IHome≥ 40% Deposit

Well Home Loans Equity Plus
1.87%
1.90%
  • App: $250
  • Ongoing: $0 p.a.
$546
Borrowers with 40% deposits or equity can get this low variable rate loan. 100% offset account included.

Well Home Loans Balanced Fixed Home Loan P&IHome 2Y Fixed≥ 10% Deposit

Well Home Loans Balanced Fixed Home Loan
1.95%
2.02%
  • App: $250
  • Ongoing: $0 p.a.
$552
A low fixed mortgage with an optional 100% offset account. Not available for construction purposes.

Well Home Loans Balanced Variable P&IHome≥ 20% Deposit

Well Home Loans Balanced Variable
1.99%
2.02%
  • App: $250
  • Ongoing: $0 p.a.
$555
A very low interest rate for home buyers with 20% deposits saved. Add an offset account for a small fee.
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Well Home Loans key facts

  • Well Home Loans' home loan rates are lower than the market average and have very low fees.
  • Well Home Loans is an online lender. The lender has no physical branches but does have phone and email support.
  • The lender has many home loan options for borrowers with deposits as low as 10%.

Review by our senior home loans writer Richard Whitten

Well Home Loans home loan features

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

FeatureDetails
Minimum depositMany Well Home Loans mortgages let you borrow 90% of your property's value, in other words a 10% deposit. This makes the lender a good option for borrowers with low deposits (that is, deposits below 20%).
Offset accountWith most Well Home Loans loans you can add an optional offset account for a small monthly fee.
Repayment optionsBoth Well Home Loans' fixed and variable rate 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.
Split rateMost Well Home Loans mortgages allow you to split your loan into fixed and variable portions.

How do I apply for a Well Home Loans mortgage?

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.

Eligibility

Each Well Home Loans product has specific eligibility criteria but some will apply to all products. For example:

  • 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 Well 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

Lenders like Well Home Loans

If you want to compare loans from similar lenders to Well Home Loans then you can start with these online lenders. They all have competitive rates and may be a better match for your needs:

  • 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.
  • 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.
  • UBank. This online bank is actually owned by NAB.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.

More home loan questions

More guides on Finder

  • Well Home Loans Equity Plus

    A review of Well Home Loans’ Equity Plus Home Loan. This is a loan for borrowers with 40% deposits or equity.

  • Well Home Loans Balanced Variable

    If you're looking for a low rate mortgage with options for investors and home buyers, check out the Well Home Loans Balanced Variable home loan.

  • Well Home Loans Balanced Fixed

    The Well Home Loans Balance Fixed is a competitive fixed rate mortgage with options for investors and home buyers.

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