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loans.com.au cuts rates for owner-occupiers

Posted: 12 February 2018 10:49 am
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.

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Check out all loans.com.au home loans here

Data indicated here is updated regularly
$
Loan purpose
Offset account
Loan type
Repayment 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
loans.com.au Smart Booster Discount Variable Home Loan - 1 year
1.99%
2.47%
$0
$0 p.a.
80%
Home buyers can get a very low discounted variable rate for the first year. This loan has a revert rate of 2.48%. Requires a 20% deposit.
loans.com.au Smart Booster - 1 Year Discounted Variable (Investor Bundle PI)
1.99%
2.71%
$0
$0 p.a.
80%
If you have an owner occupier loan with loans.com.au you can also get this very low rate variable mortgage for your investment property. Principal and interest repayments.
loans.com.au Smart Booster - 1 Year Discounted Variable (Investor Bundle IO)
1.99%
2.71%
$0
$0 p.a.
80%
Investors who currently have an owner occupier loan with loans.com.au can also get this low variable rate loan for their investment. Available with interest only repayments.
loans.com.au Smart Home Loan - (Investor, P&I)
2.74%
2.76%
$0
$0 p.a.
80%
A competitive variable investor rate for borrowers with 20% deposits. Low fees, redraw facilities and repayment flexibility.
loans.com.au Smart Booster Discount Variable Home Loan - 2 year
2.09%
2.71%
$0
$0 p.a.
80%
A very competitive discounted variable rate for home buyers. Low fees. Requires a 20% deposit. This loan has a revert rate of 2.79%.
loans.com.au Smart Home Loan - (Owner Occupier, P&I)
2.48%
2.50%
$0
$0 p.a.
80%
Get a low variable interest rate and pay 0 application or ongoing fees with this convenient online lender.
loans.com.au Offset Variable - 80% to 90% LVR (Owner Occupier, P&I)
2.87%
2.89%
$0
$0 p.a.
90%
A home loan with no ongoing fees. This loan is available for refinances and purchases.
loans.com.au Essentials - Variable (Owner Occupier, P&I)
2.79%
2.81%
$0
$0 p.a.
90%
A simple mortgage with a competitive interest rate and no application or monthly fees. Borrow up to $1000000 from a convenient online lender.
loans.com.au - 3 Year Fixed (Owner Occupier, P&I)
2.88%
3.05%
$0
$0 p.a.
90%
A low rate 3 year loan with no ongoing fees or application fee from an award winning lender.
loans.com.au - 2 Year Fixed (Owner Occupier, IO)
2.79%
3.05%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 80% LVR.
loans.com.au Essentials - Variable (Investor, P&I)
3.24%
3.26%
$0
$0 p.a.
80%
A simple, variable rate investor loan from an online lender that keeps fees to a minimum.
loans.com.au - 2 Year Fixed (Owner Occupier, P&I)
2.88%
3.06%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying, and pay no application fee.
loans.com.au Zip Home Loan
2.83%
2.85%
$0
$0 p.a.
80%
A competitive variable rate mortgage for owner occupiers that comes with a no fee debit card with a $5,000 limit.
loans.com.au - 2 Year Fixed (Investor, P&I)
3.08%
3.39%
$0
$0 p.a.
90%
Fix in a 2 year rate and choose to split the loan if you wish for your investment.
loans.com.au - 3 Year Fixed (Owner Occupier, IO)
3.28%
3.14%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 80% LVR.
loans.com.au - 1 Year Fixed (Owner Occupier, P&I)
2.88%
3.08%
$0
$0 p.a.
90%
Lock in a short interest loan term with a low interest rate.
loans.com.au Essentials - Variable (Owner Occupier, IO)
3.29%
3.31%
$0
$0 p.a.
80%
Loans.com.au offer a low interest variable home loan with no application fee.
loans.com.au Essentials - Variable (Investor, IO)
3.59%
3.61%
$0
$0 p.a.
80%
Investors will pay no application or ongoing fees for this interest-only loan.
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Data indicated here is updated regularly
$
Loan purpose
Offset account
Loan type
Repayment 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
loans.com.au Offset Variable - Up to 80% LVR (Investor IO)
3.67%
3.69%
$0
$0 p.a.
80%
loans.com.au - 3 Year Fixed  (Investor, IO)
3.48%
3.45%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 80% LVR.
loans.com.au - 1 Year Fixed (Investor, IO)
3.48%
3.45%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 80% LVR.
loans.com.au Offset Variable - 80% to 90% LVR (Investor P&I)
3.54%
3.56%
$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.
loans.com.au - 2 Year Fixed (Investor, P&I)
3.08%
3.39%
$0
$0 p.a.
90%
Fix in a 2 year rate and choose to split the loan if you wish for your investment.
loans.com.au Offset Variable - Up to 80% LVR (Investor P&I)
3.32%
3.34%
$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.
loans.com.au - 2 Year Fixed (Investor, IO)
2.99%
3.38%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 80% LVR.
loans.com.au - 3 Year Fixed (Investor, P&I)
3.08%
3.37%
$0
$0 p.a.
90%
Investment loan that locks in a fixed rate for three years.
loans.com.au Construction - Variable (Investor)
4.01%
3.51%
$0
$0 p.a.
90%
A dedicated home loan rate to help build your new investment property.
loans.com.au - 1 Year Fixed (Investor, P&I)
3.08%
3.42%
$0
$0 p.a.
90%
Lock in a short term interest rate for your investment property.
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