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Your streamlined Bare Home Loan

Keeping it simple to make lending straightforward

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Award-winning loans

Bare Home Loan

5.29
%
p.a
Rates from*
5.33
%
p.a
Comparison rate*
  • Borrow up to 90% LVR
  • Principal & Interest (P&I) repayments
  • No transaction fees for redraws
  • No monthly or ongoing fees
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Our Google Rating
4.6
652 reviews

Why choose our Bare Home Loan

Flexible repayment options image

Flexible repayment options

Zero monthly or ongoing fees image

Zero monthly or ongoing fees

Unlimited free redraws image

Unlimited free redraws

Quick & easy process image

Quick & easy process

Work out your loan repayments

Use our home loan calculator to estimate what your monthly mortgage repayments could be.

Your loan details

years
Loan purpose
Loan type
Repayment type
Repayment frequency
Rate type
Most Popular

Bare Home Loan
Borrow up to 90% LVR
Get a loans.com.au competitive rate you'll be celebrating for years!
Interest rate
5.29 %   p.a.
5.33% p.a.
Estimated repayments#
$277 per month
Loan amount
$50,000
Interest charged
$49,844
Do I Qualify?
See loan details
Calculator assumptions #

Bare Home Loan eligibility

Do I qualify

Real PeopleReal StoriesReal Wins

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Slide 1

David

Verified review

David

Verified review

Meet David, a wonderful customer of ours who came to us when it was time to purchase his first home.

  • I was sick of throwing my money away paying rent to someone else so I started looking for a home of my own.

  • I looked at a couple places and then my girlfriend just said: “Oh, why don't you try loans.com.au". It turned out that you guys had the best credit policies out of anyone and you actually had a pretty good interest rate too.

Read story
Slide 2

Laura

Verified review

Laura

Verified review

Meet Laura Smith, one of our fantastic customers who borrowed with her partner to buy an apartment in inner Brisbane.

  • My partner and I bought an apartment in West End and we had our finance all lined up with loans.com.au but a dispute between the vendor and the Owner’s Corporation forced us to withdraw from the purchase at the last moment.

  • Two years later, we refinanced with loans.com.au to fund a major bathroom renovation on the apartment. We did shop around for finance at the time but we found that loans.com.au still had a very competitive rate and we were happy with the service so we stayed.

Read story

Customer reviews

Our Google Rating

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4.6/5
652 reviews

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

1

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.

2

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.

3

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.

4

Settle

Your loan will settle, and you’ll enjoy your new loan rate.

A bare home loan that saves you more.

Here’s your new offer

Repayment Type

Maximum LVR of 90%

Product Interest rate from Comparison rate
Bare Home Loan 5.29% p.a.* 5.33% p.a.*
Up to 30 years loan term Yes
Available for refinance or purchase Yes
Unlimited additional repayments Yes
Application fee $0
Ongoing fees $0
Security assessment fee $230##
Government fees At cost
Settlement fee $300

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.

Our Bare Home Loan is a simple option designed to keep things straightforward. If you’re looking for extra flexibility and a fully featured product, our Bold Home Loan comes with a 100% offset sub-account. This account gives you:

  • Full access to your money via online banking, ATMs, EFTPOS, and a Visa debit card

  • Unlimited free redraws for added convenience

Learn more about our home loan with an offset sub-account here: 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.

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Sarah

Lending Specialist

Ready to talk with a real person about our variable rate home loans?

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

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