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Well Money

Well Money

Well Money has home loans for owner-occupiers and investors, with rates starting from 2.57%.

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

Compare Well Money home loans for July 2022

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".

1 - 5 of 10
Name Product Comparison Rate Fees Monthly Payment

Well Money Equity Plus
Principal & interestOwner-occupier40% min. deposit
Principal & interestOwner-occupier40% min. deposit
Interest Rate
  • Application: $250
  • Ongoing: $0 p.a.
Borrowers with 40% deposits or equity can get this low variable rate loan. 100% offset account included.

Well Money Balanced Variable
Principal & interestOwner-occupier20% min. deposit
Principal & interestOwner-occupier20% min. deposit
Interest Rate
  • Application: $250
  • Ongoing: $0 p.a.
A very low interest rate for home buyers with 20% deposits saved. Add an offset account for a small fee.

Well Money Balanced Fixed Home Loan
Principal & interestOwner-occupier 1Y Fixed10% min. deposit
Principal & interestOwner-occupier 1Y Fixed10% min. deposit
Interest Rate
  • Application: $250
  • Ongoing: $0 p.a.
Owner occupiers can get a sharp fixed rate for the first year, plus an offset account. Available with a 10% deposit.

Well Money Balanced Fixed Home Loan
Principal & interestOwner-occupier 2Y Fixed10% min. deposit
Principal & interestOwner-occupier 2Y Fixed10% min. deposit
Interest Rate
  • Application: $250
  • Ongoing: $0 p.a.
A low fixed mortgage with an optional 100% offset account. Not available for construction purposes.

Well Money Balanced Fixed Home Loan
Principal & interestInvestment 3Y Fixed10% min. deposit
Principal & interestInvestment 3Y Fixed10% min. deposit
Interest Rate
  • Application: $250
  • Ongoing: $0 p.a.
A competitive 3 year investor rate with principal and interest repayments. Optional offset account with a $10 monthly fee. Not available for construction purposes.

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Well Money key facts

  • Well Money's home loan rates are lower than the market average and have very low fees.
  • Well Money 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 Money home loan features

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

Minimum depositMany Well Money 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 Money loans you can add an optional offset account for a small monthly fee.
Repayment optionsBoth Well Money's 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 Money mortgages allow you to split your loan into fixed and variable portions.

How do I apply for a Well Money 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.


Each Well Money 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 Money 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 Money

If you want to compare loans from similar lenders to Well Money 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 Money Equity Plus

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

  • Well Money Balanced Variable

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

  • Well Money Balanced Fixed

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

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