ZIP Home Loan

Q: LCA - FAQ - This sounds too good to be true. What's the catch?

There is no catch. When you settle your home loan, you will be issued with your Visa debit card with a $5000 limit, and you can use the card any way you want whether it is for a big purchase or for day-to-day spending. The outstanding balance on the card will never be charged interest, and the card has no ongoing fees, making it a better alternative option to a credit card.

Q: LCA - FAQ - Can I use the $5,000 to pay off my home loan?

You are unable to use the $5,000 to pay off your loan. You can choose to put the $5,000 in the home loan as redraw funds, however, this will become payable when you payoff the loan. The $5,000 ZIP Visa debit card can be a great way to make day to day purchases.

Q: LCA - FAQ - Is the $5,000 connected to my home loan? Do I have to pay it back?

You'll have interest free equity of $5000 and this is on top of your home loan. The $5000 will not be added to the balance, meaning it won't impact your monthly repayments. You can choose to pay the owing balance off each month to keep the funds revolving, or not pay it back until you pay off your loan. Any outstanding amount will become payable upon discharge of the loan.

Q: LCA - FAQ - Does this loan come with an offset sub-account?

This loan does not come with an offset sub-account. For more information on our home loan with an offset sub-account: https://www.loans.com.au/home-loans/offset-account/

Q: LCA - FAQ - How much deposit do I need to have?

loans.com.au requires a minimum deposit of 10% of the purchase price of the property, or the current value of the property if you are refinancing. To avoid paying Lenders Mortgage Insurance (LMI) , borrowers need a 20% deposit in most cases.

Q: LCA - FAQ - How do I apply for a home loan?

If you're thinking about buying property, applying for a home loan can be seamless from start to settlement. One simple online application can tell you how much you can borrow, give you pre-approval and help you track your application progress all the way to ownership. To learn more, click here .

Q: LCA - FAQ - How long does it take to get to settlement?

The settlement process is different depending on each individual applicant’s personal situation, but we generally say it can take anywhere between 4 to 6 weeks. To get to settlement, you'll need to apply, speak to one of our lending specialists, upload your documentation, get the property valued, have your loan approved and the documentation delivered and signed, then you'll settle.

Q: LCA - FAQ - How do I manage my payments after settlement?

After settlement, you’ll nominate on your direct debit form when you start repayments. Our Customer Care team will also confirm your repayment dates when calling you at loan settlement. Additional repayments into a fixed home loan are allowed and are up to $10,000 per year.

Q: LCA - FAQ - What are the settlement fees?

We charge a $300 settlement fee plus a security assessment fee. The security assessment fee for a standard property in a metropolitan area in a major city starts at $230 for properties valued up to $1 million. The security assessment fee is not refundable and is payable when the security assessment is ordered.

Our super-low-rate home loan that comes with a $5000 limit Visa Debit Card which is interest free for the life of your loan.

Multi-award winning

ZIP Home Loan

6.44

p.a

Rates from*

6.46

p.a

Comparison rate*

$5,000 interest free Visa debit card

Unlimited free redraw

Redraw your funds or pay bills with BPAY

Available for refinance or purchase

No monthly, annual or ongoing fees

Do I Qualify?

Our Google Rating

4.5

444 reviews

Why our ZIP loan could be the right loan for you

Interest free Visa debit card

Enjoy the spending convenience that comes with a $5000 limit Visa Debit Card which is interest free for the life of your loan.

No monthly or ongoing fees

We don’t charge any monthly, annual or ongoing fees, so you can save thousands over your loan term and budget with confidence.

Unlimited free redraws

Looking to save with an offset, or make extra repayments with a redraw? We have a full range of loan features to suit your situation.

Quick and easy process

Apply online or you can arrange a chat with one of our Australian based home lending specialists for a quick decision and easy application.

Need to know more? Here's the whole offer

Rates

Principal & interest

Interest Rate:

6.44% p.a.

Comparison Rate:

6.46% p.a.

Max LVR:

80%

Key Features

20% deposit minimum

Up to 30 years loan term

Unlimited additional repayments

Refinance or purchase

No monthly or ongoing fees

Free redraw on any additional repayments

Repayments

Frequency

Weekly, monthly or fortnightly

Estimated repayments

$3,141 per month

The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.44% p.a. paying principal and interest.

Fees

Application fee

Ongoing fees

Security assessment fee

$230

Government fees

At cost

Settlement fee

$300

Rates

P&I

Interest Rate:

Comp Rate:

Max LVR:

6.44% p.a.

6.46% p.a.

80%

Key features

20% deposit minimum

Up to 30 years loan term

Unlimited additional repayments

Refinance or purchase

No monthly or ongoing fees

Free redraw on any additional repayments

Repayments

Frequency

Weekly, monthly or fortnightly

Estimated repayments

$3,141 per month

The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.44% p.a. paying principal and interest.

Fees

Application fee

Ongoing fees

Security assessment fee

$230

Government fees

At cost

Settlement fee

$300

Product Brochure

2024 WeMoney - Best for Value (Refinance)

2024 Mozo - Expert's Choice for Green Home Loan

2022 WeMoney - Outstanding Customer Service

Our home loan products are recognised & awarded by the Australian financial industry

Unlock your ZIP loan borrowing capacity

Do I Qualify?

“loans.com.au has been excellent all the way through. Everyone has been so helpful and friendly that I felt treated like family.”

Caryn & Bruce

Home loan customers

Join our other customers

More than exceptional

“My experience with loans.com.au was more than exceptional. Ray was nothing short of amazing throughout this process. I highly recommend loans.com.au!„

Matthew P.

23 Aug 2024

Very professional and polite

“This is a very good organization. Less than a week turnaround, and they were very professional and polite. I recommend this business.„

Drew D.

19 Aug 2024

Easy application process

“By far the best lender I've ever dealt with. Sooooo much better than any of the big 4. Easy application process and great customer service.„

Lisa S.

16 Aug 2024

Highly recommended

“It is great experience working with Sonia from Loans.com.au. She is very knowledge, good communicator, follow up and responds quickly which helped to get the approval in few days exceeding my expectation.„

Rajesh M.

29 Jul 2024

Very Happy with Jessica's service

“Very Happy with Jessica's service so far. She is knowledgeable and efficient, and always available to answer my questions. The portal is also very easy to use. Thank you.„

Cristina R.

09 Jul 2024

Would definitely recommend Loans.com.au

“Would definitely recommend Loans.com.au, very competitive loan rate, app simple to use, staff easy to talk to.„

Roxanne L.

08 Jul 2024

Best experience

“We had the best experience getting a loan with the loans.com.au. Everyone we spoke to was friendly and transparent with communications. We really appreciated all the effort the loans.com.au team put into turning around our finance approval <3„

Stamatia B.

04 Jul 2024

Outstanding customer service!

“I had an excellent experience with loans.com.au while securing my car loan. Rena and Crystal provided exceptional service throughout the entire process. They were knowledgeable, efficient, and always available to answer my questions.„

Rohit P.

17 Jun 2024

Unbelievable result

“Unbelievable result achieved by amazing team of professionals! I’m really grateful to loans.com.au for saving my property deal and will recommend everyone to use their services. Thank you!„

Alexander S.

15 Jun 2024

Best company for organizing loans

“If you ask me who is the best company for organizing loans, I will tell you: it is loans.com.au. I had an excellent experience with them. Sonia, who helped us to get the loan in just 3 days exceeded my expectations. It was done very professionally, without any stress. I would definitely recommend loans.com.au to borrow money from.„

Svetlana S.

14 Jun 2024

kind and so helpful

“Loans.com.au made it so easy to get my car loan. I was quite overwhelmed when I first started looking in to a loan but once I spoke to Garth, he explained everything so clearly and answered all of my questions without any hesitation. He was so kind and so helpful, and so was everybody else I spoke to within the team.„

Jasmin R.

01 Jun 2024

Very helpful with clear communication and quick responses

“Ray and Jordan at Loans.com.au have helped us to acquire the mortgage in a short time. They are very helpful with clear communication and quick responses. Definitely recommend anyone give them a go!„

Vincent L.

08 May 2024

Our Google rating

4.5 444 reviews

As seen on...

It's fast & easy to get a loan with loans.com.au

Apply online

Simply fill out your loan application online by entering some of your details, or chat to one of our friendly lending specialists over the phone and they can complete your application for you.

Speak to a specialist

You will then have a phone appointment with one of our lending specialists to finalise your application, and help you progress through the loan approval process through to settlement as quickly as possible.

Upload documents (OnTrack)

After your application is complete, use our system we call onTrack on your desktop or device to add your documentation such as payslips and bank statements, and track the progress of your application.

Settle & save

Your loan will settle and you'll start saving with your new loan rate!

Apply Online

How it works

Frequently asked questions

This sounds too good to be true. What's the catch?

There is no catch. When you settle your home loan, you will be issued with your Visa debit card with a $5000 limit, and you can use the card any way you want whether it is for a big purchase or for day-to-day spending. The outstanding balance on the card will never be charged interest, and the card has no ongoing fees, making it a better alternative option to a credit card.

Can I use the $5,000 to pay off my home loan?

You are unable to use the $5,000 to pay off your loan. You can choose to put the $5,000 in the home loan as redraw funds, however, this will become payable when you payoff the loan.

The $5,000 ZIP Visa debit card can be a great way to make day to day purchases.

Is the $5,000 connected to my home loan? Do I have to pay it back?

You'll have interest free equity of $5000 and this is on top of your home loan. The $5000 will not be added to the balance, meaning it won't impact your monthly repayments. You can choose to pay the owing balance off each month to keep the funds revolving, or not pay it back until you pay off your loan.

Any outstanding amount will become payable upon discharge of the loan.

Does this loan come with an offset sub-account?

This loan does not come with an offset sub-account. For more information on our home loan with an offset sub-account: https://www.loans.com.au/home-loans/offset-account/

How much deposit do I need to have?

loans.com.au requires a minimum deposit of 10% of the purchase price of the property, or the current value of the property if you are refinancing.

To avoid paying Lenders Mortgage Insurance (LMI), borrowers need a 20% deposit in most cases.

How do I apply for a home loan?

If you're thinking about buying property, applying for a home loan can be seamless from start to settlement. One simple online application can tell you how much you can borrow, give you pre-approval and help you track your application progress all the way to ownership. To learn more, click here.

How long does it take to get to settlement?

The settlement process is different depending on each individual applicant’s personal situation, but we generally say it can take anywhere between 4 to 6 weeks. To get to settlement, you'll need to apply, speak to one of our lending specialists, upload your documentation, get the property valued, have your loan approved and the documentation delivered and signed, then you'll settle.

How do I manage my payments after settlement?

After settlement, you’ll nominate on your direct debit form when you start repayments. Our Customer Care team will also confirm your repayment dates when calling you at loan settlement. Additional repayments into a fixed home loan are allowed and are up to $10,000 per year.

What are the settlement fees?

We charge a $300 settlement fee plus a security assessment fee. The security assessment fee for a standard property in a metropolitan area in a major city starts at $230 for properties valued up to $1 million. The security assessment fee is not refundable and is payable when the security assessment is ordered.

Do you have a 'refer a friend' program?

We sure do! Introduce someone to loans.com.au and we'll reward you when they settle their loan with us!

For home loans, we’ll give you a huge $1000 bonus when they settle their home loan with us and your friend will also receive $1000.

For car loans, we’ll give you a huge $250 bonus when they settle their car loan with us and your friend will also receive $150 off their settlement fee.

Konnie Sewell

Lending Specialist

Real humans based in Brisbane, Australia

As an experienced lending specialist, Konnie and our team can answer all your questions to get you on track and start saving thousands.

Real Good Rewards

As a loans.com.au customer, if you refer a new customer to us we’ll reward you.

$1,000 New Home Loan Customer

$250 New Car Loan Customer

View offer

Apply for ZIP loan pre-approval

We have a full range of loan features with flexible repayment options.

Do I Qualify?

ZIP Home Loan

ZIP Home Loan

Why our ZIP loan could be the right loan for you

Work out your loan repayments

Your loan details

Variable Home Loan

Need to know more? Here's the whole offer

P&I

Unlock your ZIP loan borrowing capacity

“loans.com.au has been excellent all the way through. Everyone has been so helpful and friendly that I felt treated like family.”