Smart Home Loan

This variable mortgage for home buyers keeps things simple and offers a very, very low rate.

The Smart Home Loan is a variable rate mortgage for owner-occupiers only. The loan has one of the lowest interest rates on the market and no application or ongoing fees. It has flexible repayment options as well as a fee-free redraw. is an online lender that doesn't have physical bank branches but does have phone and online customer support.

Product Smart Home Loan (Owner Occupier, P&I)
Interest Rate TypeVariable
Interest Rate (p.a.)3.03%
Comp Rate^ (p.a.)3.05%
Minimum Loan Amount$50,000
Maximum Loan Amount$1,000,000
Minimum Loan Term15 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR80%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Loan PortableYes
Suitable for InvestmentNo
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest
Application Fee$0
Lender's Legal Fee$0
Valuation FeeAt cost
Ongoing Fees$0 p.a.
Settlement Fee$300
Discharge Fee$0


  • Low variable rate
  • Redraw facility
  • No application or ongoing fees


  • There is a $300 settlement fee
  • There is also a $150 late payment fee

What do I need to know about this loan?

This loan has a single variable rate for principal and interest owner-occupier borrowers. The loan has a maximum LVR of 80%, which means you will need a 20% deposit.

What are the features and benefits of the Smart Home Loan?

  • Loan amount and purpose. The Smart Home Loan has a minimum borrowing amount of just $50,000 and a maximum borrowing amount of $1,000,000.
  • Repayment flexibility. You can repay this loan monthly, weekly or fortnightly. You can also make unlimited extra repayments.
  • Loan-to-value ratio. You can borrow up to 80% of your property's value. There is no low deposit option.

What fees and charges come with this loan?

This mortgage has almost no fees at all. There's no application fee, and no ongoing, valuation or discharge fees. The following are the only fees:

  • Settlement fee: $300. This fee covers the costs of funding your home loan.
  • Late payment fee: $150. If your payments are overdue, there is a small fee.

In mortgage fee terms, this is about as low as it gets.

How do I apply for this loan?

If you'd like to apply for this product or just get more information, click the green "Go to site" button and follow the application process to speak to a mortgage specialist. They'll talk you through eligibility requirements and help you with the application.

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Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy. Smart Home Loan (Owner Occupier, P&I)

  • Interest Rate

    3.03% p.a.

  • Comparison Rate

    3.05% p.a.

  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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