Flexibility starts with our variable rate home loan!
Borrow up to 90% and feel right at home sooner.
Variable Home Loan
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Discounted home loan rate*** -
Offset sub-account available for +0.10%^
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No monthly or ongoing fees
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Fee Free redraw on any additional repayments
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Pay your bills via BPAY
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Access your account via Smart Money app
Why choose a variable rate home loan?
Offset available for 0.10%^
Add an offset sub-account with Visa debit card access to your variable rate loan to help you to pay it off faster and with less interest.
Zero monthly or ongoing fees
Enjoy a variable rate home loan with no hidden fees or charges.
Unlimited free redraws
Benefit from our variable rate home loan by making extra repayments on your loan with unlimited redraws at no extra cost. It's that easy.
Quick and easy process
Apply online or chat to one of our Australian based home lending specialists, for a quick decision and easy application.
Repayment Type
Maximum LVR of 90%
| Product | Interest rate from | Comparison rate |
|---|---|---|
| Variable Home Loan | 5.29% p.a.*** | 5.33% p.a.* |
Maximum LVR of 80%
| Product | Interest rate from | Comparison rate |
|---|---|---|
| Variable Home Loan | 5.79% p.a.*** | 5.65% p.a.* |
| Up to 30 years loan term | Yes |
|---|---|
| Available for refinance or purchase | Yes |
| Unlimited additional repayments | Yes |
|
Yes |
| Application fee | $0 |
|---|---|
| Ongoing fees | $0 |
| Security assessment fee | $230## |
| Government fees | At cost |
| Settlement fee | $300 |
Karen
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Our home loan application process
Apply Online
Complete your application through our online platform.
Upload & Track
Submit your documents and monitor your application in real time via our onTrack portal.
Speak to our Specialist
Our lending specialists will make an appointment with you to guide you through the loan process, including getting a pre-approval.
Approval & Signing
Review and sign your mortgage documents and loan agreement via onTrack.
Settlement
Your loan settles, which means your funds will be ready.
Manage Your Loan
You'll receive your login details to manage your repayments and account details via our Smart Money app.
Frequently asked questions
As an online lender, we operate without the overheads of a physical branch network or broker commissions. Our digital processes and innovative technology help us keep costs down. This allows us to pass those savings directly on to you through competitive home and car loan rates.
For an extra 0.10%^ to the loan, you can add a 100% offset sub-account with online, ATM, EFTPOS & Visa debit card access to your money, plus unlimited free redraws. For more information on our home loan with an offset sub-account: https://www.loans.com.au/home-loans/offset-account/
An offset sub-account is linked to your home loan and helps reduce the interest you pay. Instead of earning interest like a regular savings account, the balance in your offset reduces the portion of your loan that accrues interest. This can help you pay off your loan faster and save on interest costs.
Key things to know:
- It's a sub-account of your loan, not a separate deposit account.
- Funds in the offset sub-account are not covered by the government deposit guarantee.
- The offset cannot exceed your home loan balance.
If you have any questions, our friendly team is here to help!
A variable rate mortgage offers much more flexibility in comparison to a fixed rate loan. Variable rate mortgages have a full redraw facility, allowing you to make unlimited additional repayments and withdraw them at any time. You can also opt to add an offset sub-account to your variable loan to maximise on your interest savings. And, if your lender reduces their rates across the board, you will benefit from a rate reduction.
If home loan interest rates change, your variable may or may not change depending on the type of interest rate change and how this affects your lender. Your interest rate can increase or decrease with market fluctuations, which may occur due to a number of different reasons, for example a change in the RBA cash rate, or a change in your lender’s funding costs.
Sarah
Lending Specialist
Real humans based in Brisbane, Australia
As an experienced lending specialist, Sarah and our team can answer all your questions to get you on track.
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