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Well Home Loans Balanced Variable

A low rate, high loan to value ratio loan with an optional offset account.

The Well Home Loans Balanced Variable offers a low variable rate, free online redraw and a high loan to value ratio (LVR). You can even add a 100% offset account for just $10 a month.

This loan is not available for construction purposes.

Special Offer

This loan has a special discounted rate for eligible owner occupiers. It is available for new borrowers who apply and get approved by 30 November 2020.

Interest Rate Max Insured LVR Max LVR
LVR 80% (Investor, P&I)
2.82% p.a.
Comparison Rate
2.85% p.a.
80% 80%
LVR 80% Special Offer (Owner occupier, P&I)
2.17% p.a.
Comparison Rate
2.20% p.a.
80% 80%
LVR 90% (Investor, P&I)
2.82% p.a.
Comparison Rate
2.85% p.a.
90% 80%
LVR 90% (Owner occupier, P&I)
2.52% p.a.
Comparison Rate
2.55% p.a.
90% 80%
Product NameWell Home Loans Balanced Variable
Interest Rate TypeVariable
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


  • There are $0 ongoing monthly fees to pay.
  • You can make extra payments.


  • 250 application fee
  • $300 discharge fee

What do I need to know about this loan?

The Well Home Loans Balanced Variable is available only to owner-occupiers or investors to purchase a home or to refinance an existing home loan.

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

  • Loan amount and LVR. The Well Home Loans Balanced Variable has a low minimum borrowing amount of $200,000 and a maximum borrowing amount of $2,000,000. You can borrow up to 90% of the value of the property you're buying. However, borrowing more than 80% attracts a higher interest rate and you'll pay a lenders mortgage insurance (LMI) premium.
  • Free redraw. If you've paid extra on your home loan, you can withdraw the funds using the loan's free online redraw facility. There's no fee for making redraws and no minimum redraw amount.
  • Optional offset account. For only $10 a month, you can add a 100% offset account to your loan.

What fees and charges come with this loan?

  • Application fee: $250. The application fee for this loan varies for owner-occupiers and investors. Owner-occupiers will pay $250, while the fee for investors is $499.
  • Settlement fee: $0. This one-off fee covers the administrative costs associated with settlement day.
  • 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 options and believe the Well Home Loans Balanced Variable is suited to your needs, click the green button. You'll be taken to the Well Home Loans website, where you'll be guided through your home loan application.

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Well Home Loans Balanced Variable

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $250 / $0

  • Max LVR


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