Reduce Home Loans Rate Buster Standard Variable Home Loan 80% review

Enjoy a competitive variable rate under 4% with no ongoing fees with a Rate Buster Standard Variable Home Loan 80% from Reduce Home Loans

The Rate Buster Standard Variable Home Loan 80% offers a host of attractive features to borrowers, including a competitive interest rate, unlimited internet transactions and no ongoing fees.

If you would prefer the security of a fixed interest rate, Reduce Home Loans has a range of different loans on offer.

Invesment Home Loans

If you are looking for the Rate Buster Home Loan for investors click here.

Who is Reduce Home Loans?

Reduce Home Loans is a licensed and regulated finance brokerage that sources home loans from a variety of Australian lenders. Because Reduce Home Loans is an online-only business, it has low overheads and can offer lower rates. And because it can source funding from a variety of Australian lenders, it can offer competitive products to borrowers.

Things to consider about the Reduce Home Loans Rate Buster Standard Variable 80% Loan

The Rate Buster Standard Variable Home Loan 80% is a full doc home loan available for owner occupiers looking to purchase or refinance. The interest rates offered vary depending on the loan-to-value ratio (LVR).

The Rate Buster Standard Variable Home Loan 80% offers a wide range of flexible features, including a redraw facility, repayment flexibility, internet and phone access, and the option to make interest-only repayments.

Features of the Reduce Home Loans Rate Buster Standard Variable Home Loan 80%

  • Maximum loan amount. This loan allows you to borrow a maximum amount of $500,000 with the LVR <= 80% and LVR <= 70% products, and a maximum of $750,000 for the offset LVR 85% loan. Both loans have a minimum borrowing amount of $50,000.
  • Maximum LVR. The maximum LVR for this loan is 80%.
  • Additional repayment flexibility. The Rate Buster Standard Variable Home Loan 80% allows you to choose between a fortnightly or monthly repayment schedule. You can also make unlimited additional repayments without penalty.
  • Rate discount. If you have a five-year good payment record you may be eligible for a discount, but you will need to speak a Reduce Home Loans representative.


  • Monthly and annual fee. $0. This loan doesn’t charge any ongoing monthly or annual fees.
  • Application fee. $440. This fee covers the cost of preparing your loan documents and approving your loan.
  • Valuation fee. $264. This covers the lender’s third party expenses when they get the value of your property appraised.
  • Settlement fee. $0. This fee is charged upon the setting up of your loan accounts.
  • Legal fee. $220. This fee is charged to cover your legal costs.

How to apply for the Rate Buster Standard Variable Home Loan 80%

If the Rate Buster Standard Variable Home Loan 80% sounds ideal for your needs, click the ‘Apply Now’ link to be taken to the Reduce Home Loans website where you can fill out an enquiry form.

This form requires you to provide your name, contact details, postcode and list any questions you may have about borrowing from Reduce Home Loans. Within 1-2 business days of your form being submitted, Reduce Home Loans will be in touch to go through your borrowing requirements.

Eligibility & Required Documentation

To qualify for a loan you will need to be over 18 years of age and also a permanent Australian resident.

During the borrowing process you will also need to provide:

  • Proof of identity, which may include items such as your driver’s licence, passport and Medicare card.
  • Proof of employment and evidence of your annual income.
  • Details of any assets you own.
  • Details of any liabilities you have.
  • Documents concerning the property purchase, including the contract of sale, certificate of title and transfer of land.
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

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.

2 Responses

  1. Default Gravatar
    SarahApril 5, 2017

    How come this home lender doesn’t show under the home loans, with all the other loans?

    • Avatarfinder Customer Care
      HaroldApril 18, 2017Staff

      Hi Sarah,

      Thank you for your inquiry.

      Typically, we listed different lenders based on category. Should you need more options you may want to consider the following listings.

      1. Cheapest home loans
      2. Low deposit home loans – Although you may have to get a guarantor for this type of loan
      3. First home owners grant – If it’s your first time to buy a home, then you may also check if you’re qualified for a grant in your local state.

      Alternatively, you can reach out to a mortgage broker who will take all your circumstances into account and offer you a range of lending options.

      I hope this information has helped.


Ask a question
Go to site