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Featured rate

Smart Booster Home Loan

 
 
  • 1.99%

    discount variable rate p.a.*

  • 2.47%

    comparison rate p.a.*

Save thousands of dollars and pay off your home loan faster

Apply for a loans.com.au Smart Booster Home Loan to start saving money with our amazingly low variable loan rate.

Then ramp up your savings even more by adding a redraw offset facility to your loan for 0.10%**. You also get a range of other great features including a free Visa Debit Card and no monthly or ongoing fees.

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Pay less interest with a redraw offset facility

Do you want to make your savings work harder for you? You can – with a redraw offset facility.

With an offset linked to your home loan, every dollar you put in is “offset” against your home loan balance and you only pay interest on the difference.

Provided you maintain a reasonable balance in the redraw offset facility, you will pay less interest over the life of your loan.

To maximise the balance in your redraw offset facility, you can have your salary paid directly to it and use it like a transaction or savings account with your Visa Debit Card.

How does a redraw offset facility work?

Let’s say you have a loan balance of $400,000 and keep $20,000 in your redraw offset facility.

If you add a full 100% offset to your loan, the interest on your mortgage will be calculated on a balance of just $380,000.

For instance, at a low rate of 1.99%, you will save about $15,566 over the life of the loan and pay off your loan 2 years sooner!

To check how much you can save with different offset balances, use our offset calculator. You might be surprised!

$50,000 is our minimum borrowing amount for a home loan.
$2,000,000 is our maximum borrowing amount for a home loan.
$1,000,000 is our maximum borrowing amount for a construction loan.
The maximum borrowing amount for a deposit less than 20% is $1,000,000
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Award winning home loans
2018 Mozo Expert's Choice Home Loan Awards
2018 Mozo Expert's Choice Home Loan Awards
Award winning home loans
2018 Mozo Expert's Choice Home Loan Awards
2018 Mozo Expert's Choice Home Loan Awards
2018 CANSTAR 5 Star Rating Outstanding Value
It's as easy as 1, 2, 3...
Apply 1
onTrack to approved 2
Settle & save 3

Top reasons to choose Smart Booster Home Loan

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Offset available
for 0.10%**

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Free VISA debit card

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Unlimited free
redraws

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No monthly or
ongoing fees

Other features include…

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Unlimited additional repayments

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Weekly, fortnightly and monthly repayments

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Smart Money app

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Pay your bills with BPAY

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Multiple loan splits available

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Direct debit arrangement

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Schedule recurring transfers

Benefits of redraw offset facility

Pay less interest, reduce the length of your loan, and enjoy the convenience of access to your money anytime, anywhere.

You can have your pay put directly into the redraw offset facility and then access your funds with a free Visa Debit Card using EFTPOS or ATMs, pay your bills with BPAY, and schedule recurring transfers, just like a transaction account.

Unlike a transaction account which earns little or no interest, your money will be working hard for you, cutting the interest you pay on your home loan, and potentially helping you get debt free years earlier.

Offset calculator

Calculate how much you could save over time by using a redraw offset facility to pay off your home loan faster.

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Interest saved

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Secure your home loan in 3 easy steps

It’s easy to apply for a home loan with loans.com.au. Remember that online doesn’t mean impersonal, and our friendly lending specialists will do the paperwork and help you every step of the way.

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3
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Apply

Apply online or on the phone with one of our Australian-based loan specialists.

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onTrack to Approved

It is easy for you to track your application to approval, receive your loan documents and set up online services with our award winning onTrack app.

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Settle and Save

We do everything required for the loan settlement, so you can start saving money.

We’re here to help

phone

Call us on 13 10 90 8am to 6pm, Monday to Friday AEST. Alternatively, call us on +61 7 3017 8899

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We can chat with you online 7 days a week between 7am and 1am.