Well Home Loans Balanced Fixed

Lock in a low fixed rate and access free online redraw and an optional offset account.

The Well Home Loans Balanced Fixed lets you lock in a low rate for either three or five years. Unlike most fixed rate home loans, it offers the option of a 100% offset account (with a $10 monthly fee).

Interest Rate Max Insured LVR Max LVR
1 Year (Investor, IO)
2.64% p.a.
Comparison Rate
3.10% p.a.
90% 80%
3 Year (Investor, IO)
2.64% p.a.
Comparison Rate
3.03% p.a.
90% 80%
5 Year (Owner occupier, IO)
3.19% p.a.
Comparison Rate
3.85% p.a.
90% 80%
5 Year (Investor, IO)
3.24% p.a.
Comparison Rate
3.19% p.a.
90% 80%
4 Year (Owner occupier, IO)
3.19% p.a.
Comparison Rate
3.92% p.a.
90% 80%
4 Year (Investor, IO)
3.24% p.a.
Comparison Rate
3.19% p.a.
90% 80%
3 Year (Owner occupier, IO)
2.64% p.a.
Comparison Rate
3.86% p.a.
90% 80%
2 Year (Owner occupier, IO)
2.64% p.a.
Comparison Rate
3.99% p.a.
90% 80%
2 Year (Investor, IO)
2.64% p.a.
Comparison Rate
3.06% p.a.
90% 80%
1 Year (Owner occupier, IO)
2.64% p.a.
Comparison Rate
4.12% p.a.
90% 80%
1 Year (Investor, P&I)
2.39% p.a.
Comparison Rate
2.82% p.a.
90% 80%
1 Year (Owner occupier, P&I)
2.19% p.a.
Comparison Rate
2.48% p.a.
90% 80%
2 Year (Owner occupier, P&I)
2.19% p.a.
Comparison Rate
2.46% p.a.
90% 80%
2 Year (Investor, P&I)
2.39% p.a.
Comparison Rate
2.78% p.a.
90% 80%
3 Year (Investor, P&I)
2.39% p.a.
Comparison Rate
2.75% p.a.
90% 80%
3 Year (Owner Occupier, P&I)
2.19% p.a.
Comparison Rate
2.44% p.a.
90% 80%
4 Year (Investor, P&I)
2.99% p.a.
Comparison Rate
2.91% p.a.
90% 80%
4 Year (Owner occupier, P&I)
2.69% p.a.
Comparison Rate
2.57% p.a.
90% 80%
5 Year (Investor, P&I)
2.99% p.a.
Comparison Rate
2.92% p.a.
90% 80%
5 Year (Owner occupier, P&I)
2.69% p.a.
Comparison Rate
2.59% p.a.
90% 80%
Product NameWell Home Loans Balanced Fixed Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$200,000
Maximum Loan Amount$2,000,000
Minimum Loan Term5 years
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountYes
Mortgage 100% OffsetYes
Loan Redraw FacilityYes
Split Loan FacilityYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest

Application Fee$250
Lender's Legal Fee$385
Valuation FeeUp to $300 free
Ongoing Fees$0 p.a.
Settlement Fee$0
Discharge Fee$300

Pros

  • Competitive interest rate
  • Free redraw facility

Cons

  • Optional offset account has a small monthly fee
  • There is a $385 legal fee.
  • There is a $250 application fee.

What do I need to know about this loan?

The Well Home Loans Balanced Fixed is available to both owner-occupiers and investors for purchase or refinance.

What are the features and benefits of the Well Home Loans Balanced Fixed?

  • Loan amount and loan to value ratio. The Well Home Loans Balanced Fixed carries a minimum borrowing amount of $200,000 and a maximum borrowing amount of $2,000,000. The maximum loan to value ratio is 90%, so you'll need at least a 20% deposit to qualify.
  • Free redraw. The Well Home Loans Balanced Fixed is unique among fixed rate home loans in that it allows extra repayments and comes with a free redraw facility. This means if you've paid ahead on your home loan, you can access the funds. There's no fee for online redraws and no minimum redraw amount.
  • Optional offset account. Another feature that sets this loan apart from other fixed rate offerings is its optional 100% offset account, which you can add for $10 a month.

What fees and charges come with this loan?

  • Application fee: $250. The application fee for this loan is $250 for owner-occupiers and $499 for investors.
  • Settlement fee: $0. This one-time fee covers the administrative costs associated with funding your home loan.
  • Legal fee: $385. This fee covers the legal costs associated with settling your home loan.

How do I apply for this loan?

If you've compared your home loan options and think the Well Home Loans Balanced Fixed is the right product for your needs, click the green Go to site button. You'll be directed to the Well Home Loans website, where you'll be guided through your home loan application.

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Well Home Loans Balanced Fixed Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $250 / $0

  • Max LVR

    80%

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