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Reduce Rate Lovers Special Variable Home Loan

A low-rate variable home loan that doesn't skimp on features.

The Reduce Rate Lovers Special Variable Home Loan features a low variable rate usually associated with no-frills home loans. But this owner-occupier home loan comes with features often only found in products with higher interest rates.

A note on comparison rates

The comparison rate includes the cost of fees and the interest rate. Reduce is offering a 5-year loyalty discount on the interest rate to offset the added cost of fees over the life of a loan. This is why Reduce's comparison rate can be equal to or lower than the interest rate, depending on the loan term.

Interest Rate Max Insured LVR Max LVR
LVR up to 70% (Investor)
2.79% p.a.
Comparison Rate
2.79% p.a.
70% 70%
LVR up to 70% (Owner Occupier)
2.49% p.a.
Comparison Rate
2.49% p.a.
70% 70%
LVR up to 80% (Investor, IO)
3.09% p.a.
Comparison Rate
3.09% p.a.
80% 80%
LVR up to 80% (Investor)
2.84% p.a.
Comparison Rate
2.84% p.a.
80% 80%
LVR up to 80% (Owner Occupier)
2.52% p.a.
Comparison Rate
2.52% p.a.
80% 80%
LVR up to 90% (Investor)
3.14% p.a.
Comparison Rate
3.14% p.a.
90% 80%
LVR up to 90% (Owner Occupier)
2.82% p.a.
Comparison Rate
2.82% p.a.
90% 80%
Product NameReduce Rate Lovers Variable Home Loan
Interest Rate TypeVariable
Comp Rate^ (p.a.)
Minimum Loan Amount$50,000
Maximum Loan Amount$750,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Suitable for InvestmentYes
Extra RepaymentYes
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Ongoing Fees$0 p.a.
Settlement Fee$0


  • $0 service fee
  • Low variable interest rate


  • A $0 application fee applies
  • A $0 settlement fee applies

What do I need to know about this loan?

The Reduce Rate Lovers Special Variable Home Loan is available to owner-occupiers and is suited to individuals, companies and trusts.

What are the features and benefits of the Reduce Rate Lovers Special Variable Home Loan?

  • Loan amount and purpose. The Reduce Rate Lovers Special Variable Home Loan is only available to owner-occupiers. It has a minimum loan amount of $50,000.
  • Loan-to-value ratio. The Reduce Rate Lovers Special Variable Home Loan has a maximum loan-to-value ratio (LVR) of 80%, so you’ll need to have at least a 20% deposit.
  • Flexible repayments. You can elect to make your repayments weekly, monthly or fortnightly, and you can make as many additional repayments as you like without penalty.
  • Free redraw facility. If you need to access the additional funds that you've paid towards your home loan, you can do so using the loan's redraw account. There is no minimum amount for redraws made via Internet banking.

What fees and charges come with this loan?

  • Application fee: $0. This one-off fee covers the cost of processing your home loan application.
  • Settlement fee: $0. This fee covers the administrative costs of processing the funding for your home loan.
  • Legal fee: plus disbursements. This fee covers the legal costs associated with settling your home loan.

How do I apply for this loan?

If you're interested in the Reduce Rate Lovers Special Variable Home Loan you can click the link below. You'll be asked to fill in a few details and you'll be contacted by a Reduce Home Loans team member who will help walk you through the application process.

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2 Responses

  1. Default Gravatar
    VickiMNovember 15, 2018

    do you do loans for larger rural residential properties. eg 240 acres? thanks

    • Avatarfinder Customer Care
      JohnNovember 15, 2018Staff

      Hi VickiM,

      Thank you for reaching out to finder.

      If you are checking if Reduce rate Lovers provides loans for larger residential areas, you may need to contact them directly for it. Alternatively, if you are looking into checking out vacant land home loans, you may click on this link. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Enquire now” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. Hope this helps!


Reduce Rate Lovers Variable Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR


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