loans.com.au cuts rates for owner-occupiers

Adam Smith 12 February 2018 NEWS

dice percent1Non-bank lender loans.com.au has dealt a deep rate cut to owner occupiers and some investors.

The lender has announced rate changes across a range of products, with rates falling by 12 basis points for owner-occupiers with the Essentials Variable Principal and Interest Home Loan. Owner-occupiers on the Offset Variable home loan will see a 6 basis point rate cut.

The lender did hike rates on some investor products. The Essentials Variable Investor Principal and Interest home loan and the Offset Variable Investor Principal and Interest home loan will both see rates rise by 0.10%.

LoanOld rateNew rate
Essentials Variable OO P&I3.64%3.52%
Offset Variable - Up to 80% OO P&I3.72%3.60%
Essentials Variable Investor P&I4.09%4.19%
Essentials Variable Investor IO4.39%4.19%
Offset Variable Investor P&I4.17%4.27%
Offset Variable Investor4.47%4.27%

However, loans.com.au cut rates for interest-only investors, bringing its interest-only investment products in line with its principal and interest products. The Essentials Variable Investor Interest-Only was cut by 20 basis points, while the Offset Variable Investor Interest-Only also received a 20 basis point cut.

loans.com.au wasn't alone in handing out rate cuts. People's Choice Credit Union also made a 16 basis point cut to its Home Loan Package Special Offer for owner-occupier principal and interest borrowers with an LVR of 80% or less.

Keep track of all February's rate changes here.

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Check out all loans.com.au home loans here

Rates last updated May 28th, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.64%
3.66%
$0
$0 p.a.
80%
Pay no ongoing fees and enjoy a flexible repayment schedule, including the ability to make unlimited additional repayments without penalty.
4.04%
4.06%
$0
$0 p.a.
90%
A home loan with no ongoing fees. This loan is available for refinances and purchases.
3.99%
3.74%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying, and pay no application fee.
3.72%
3.74%
$0
$0 p.a.
80%
Save on interest by taking advantage of a 100% offset account along with no ongoing fees or application fees.
4.07%
4.09%
$0
$0 p.a.
80%
4.29%
3.86%
$0
$0 p.a.
90%
A low rate 3 year loan with no ongoing fees or application fee from an award winning lender.
4.41%
3.82%
$0
$0 p.a.
90%
Turn your dream home into a reality with a low interest rate home loan, plus no application and service fee.

Compare up to 4 providers

Rates last updated May 28th, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.89%
3.91%
$0
$0 p.a.
80%
Borrow up to $2 million with this low investor rate. To get this discounted rate you must package the loan with your owner-occupier mortgage.
4.19%
4.21%
$0
$0 p.a.
80%
A simple, variable rate investor loan from an online lender that keeps fees to a minimum.
4.19%
4.21%
$0
$0 p.a.
80%
Investors will pay no application or ongoing fees for this interest-only loan.
4.19%
4.21%
$0
$0 p.a.
80%
Package your owner occupied loan with investment loan and receive a discounted investment rate.
4.64%
4.29%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 90% LVR.
3.89%
3.91%
$0
$0 p.a.
80%
Package your owner occupied loan with investment loan and receive a discounted investment rate.
4.29%
4.20%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 90% LVR.
4.39%
4.41%
$0
$0 p.a.
90%
A full featured home loan with a 100% redraw offset facility, plus a low interest rate with no application fee. This loan is available for investors.
4.33%
4.21%
$0
$0 p.a.
90%
Fix in a 2 year rate and choose to split the loan if you wish for your investment.
4.27%
4.29%
$0
$0 p.a.
80%
A full featured home loan with a 100% redraw offset facility, plus a low interest rate with no application fee. This loan is available for investors.
4.48%
4.23%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 90% LVR.
4.49%
4.26%
$0
$0 p.a.
90%
Investment loan that locks in a fixed rate for three years.
4.61%
4.16%
$0
$0 p.a.
90%
A dedicated home loan rate to help build your new investment property.
4.14%
4.19%
$0
$0 p.a.
90%
Lock in a short term interest rate for your investment property.

Compare up to 4 providers

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