Nano Digital Home Loans variable loan

Nano has competitive loans for investors and owner-occupiers, but you need to be refinancing an existing loan.

Nano Digital Home Loans is an online lender that says it can approve your loan in minutes. But you do need to be a refinancer and meet a specific set of borrowing criteria.

5.0 ★★★★★ (1 review) Write a review

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Review by

Richard Whitten is an editor at Finder, and has been covering home loans and the property market in Australia for the last 4 years. He has written for Yahoo Finance, Money Magazine and Homely, as well as multiple banks and lenders. Richard has a Certificate IV in Finance and Mortgage Broking, a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communication. He enjoys helping people understand the ins and outs of mortgages so they can make smarter property decisions. Richard trained as a high school teacher but found it easier to manage personal finances than a classroom full of kids. Before joining Finder, he edited textbooks and taught English in South Korea.

Expert review

If you want to switch to a variable rate loan and you want to switch fast, Nano Digital Home Loans is definitely worth checking out. If you match the lender's borrowing criteria then it shouldn't take long to get approved. The total lack of fees is another big benefit. The loan also lets you save money through the "offset sub-account" and spend it with a Visa debit card. It's not a genuine offset account, but it functions in a very similar way.

About this loan

What are the features and benefits of the Nano home loan?

  • Deposit size. Nano Digital Home Loans lets you borrow up to 75% of your property's value, meaning you will need a 25% deposit.
  • Loan amount. You can borrow up to $2,500,000, with a minimum loan size of $100,000.
  • Fees. This loan has zero fees.
  • Borrowing requirements. To qualify for a Nano Digital Home Loans loan you need a PAYG income of at least $100,000 a year and have a good credit rating.

How to apply

To apply for this home loan or learn more about it, click the green button and follow the steps to get in touch with Nano Digital Home Loans.

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    Default Gravatar
    December 27, 2021

    I am a free-lance real estate agent and now working for Investment Property Consulting. I have a client who wants to buy an investment property. Here are his relevant information:

    1. A single-earner with no dependent except his wife who’s not working;
    2. He’s earning $65k a year; no personal loan with credit card with 6k limit;
    3. His owner-occupier is valued at more than 65k with existing mortgage of only $194k;
    4. He is willing to put deposit up to 30% coming from his equity

    He wants to know how much he can borrow. I can provide you with any relevant info/documents you may require and you can talk to our client after.

    May I hear from you soon.

    Thank you.

    0430 308 813

      Avatarfinder Customer Care
      January 10, 2022

      Hi Alex,

      At Finder we don’t offer credit to borrowers, we provide information to readers. So you would be better off speaking to some lenders directly or talking to a mortgage broker.

      I hope this helps.


    Default Gravatar
    September 18, 2021

    I noted this comment by Well Home Loans on Product Review

    “Our 100% Bank-backed offset account attracts a $10 per month fee and you also get access to a Visa Debit card for using your offset. The offset account itself sits with a major bank so it’s protected as per the Financial Claims Scheme and not a sub-account like other non-bank providers. There’s also no change to our interest rates to include an offset account.”

    Nano Homeloans do not charge this offset fee. However what is the risk that Well is hinting at about non major bank backed providers like Nano?

    what is their point about it theirs not being a sub account? if it still offsets 100% interest do we care? (separate to the above question on risk)

      Avatarfinder Customer Care
      September 22, 2021

      Hi Trent,

      Nano is a digital lender specialising in home loans. Because Nano is not a bank, their ‘offset sub account’ also sits within the customer’s Nano home loan product. It does not have a separate stand-alone account number like traditional offset accounts do. Since the offset sub account is not a stand-alone account, the funds can only be used to offset the loan account. The funds are not deposit funds but they have built Vaults within the offset sub account, which means that you could have one vault with money to pay bills; another vault with your savings, etc.

      For a borrower, the account functions in the same way. You save money in it and it reduces your interest charges. But money in an offset sub account is not covered by the governmet’s Financial Claims Scheme, which protects deposits up to a limit of $250,000. This protects bank customers in the event the bank collapses. But this is very unlikely to happen.

      I hope this helps!


    Default Gravatar
    August 30, 2021

    Does the minimum PAYG income requirement applies for refinance home loan?

      Avatarfinder Customer Care
      September 9, 2021

      Hi Vivi,

      Yes, the PAYG income requirement of at least $100,000 a year applies to refinancers. You must also have a good credit rating to be eligible for this loan – you can check your credit score for free in the Finder app here:


    Default Gravatar
    July 24, 2021

    how many offset accounts can you have with this loan?

      Avatarfinder Customer Care
      August 1, 2021

      Hi Kym,

      Nano is a relatively new digital lender and they provide a free offset account as a standard feature with all loans.

      We reached out to Nano to confirm how many offset accounts you can have. They confirmed:

      “We currently offer one 100% offset sub account for each loan completely free. To cater to customers looking for multiple places to section their funds, we have built Vaults within the offset sub account. Customers can create vaults to tuck money away towards a specific goal with the benefit of these funds all still offsetting the interest charged on your loan. Money can be transferred to and from vaults at any time. We currently allow customers to create up to 10 vaults.”

      Any funds in your offset sub accounts will still offset 100% of the interest charged on the loan. This means you could have a one vault with money to pay bills; another vault with savings; another vault where you stash money for a holiday, etc.

      This loan also comes with a Nano Visa debit card, which you can use for purchases and is linked to the offset account.

      Hope this helps!


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