Loan amount:
$
Do I qualify?
8 til 6 AEST
13 10 90

Flexibility starts with our variable rate home loan!

Borrow up to 90%. Start saving thousands and you’ll feel right at home.
Multi-award winning
awards awards awards

Variable Home Loan

6.04
%
p.a
Rates from***
6.06
%
p.a
Comparison rate*
Discounted home loan rate
Unlimited free redraw
Redraw your funds or pay bills with BPAY
Available for refinance or purchase
No monthly, annual or ongoing fees
Access redraw funds via Visa debit card^
Do I Qualify?
Our Google Rating
4.5
444 reviews

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

Save thousands over the life of your variable rate home loan with access to award winning low rates with no hidden fess 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.

Calculate your savings!

How much could you could save with our variable home loan?

Your loan details

%
years

Estimated loan repayments

$3,011   per month
$500,000
$583,826
Calculator assumptions
Do I Qualify?

Variable Home Loan eligibility

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.”

Hamish

Bought first home
How we were able to help

What other customers are saying

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

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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 & save

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

A Variable Home Loan that saves you more.

Here’s your new offer

Rates

Principal & interest

Interest Rate:

6.04% p.a.***

Comparison Rate:

6.06% p.a.*

Max LVR:

90%

Interest only

Interest Rate:

6.54% p.a.***

Comparison Rate:

6.56% p.a.*

Max LVR:

80%

Key Features

10% deposit minimum

Up to 30 years loan term

Unlimited additional repayments

Refinance or purchase

No monthly or ongoing fees

Offset account optional for 0.10%^

Free redraw on any additional repayments

Repayments

Frequency

Weekly, monthly or fortnightly

Estimated repayments

$3,011 per month#

The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.04% p.a. paying principal and interest.

Fees

Application fee

$0

Ongoing fees

$0

Security assessment fee

$230

Government fees

At cost

Settlement fee

$300

P&I

Interest Rate:

Comp Rate:

Max LVR:

6.04% p.a.***

6.06% p.a.*

90%

IO

Interest Rate:

Comp Rate:

Max LVR:

6.54% p.a.

6.56% p.a.

80%

10% deposit minimum

Up to 30 years loan term

Unlimited additional repayments

Refinance or purchase

No monthly or ongoing fees

Offset account optional for 0.10%

Free redraw on any additional repayments

Frequency

Weekly, monthly or fortnightly

Estimated repayments

$3,011 per month#

The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.04% p.a. paying principal and interest.

Application fee

$0

Ongoing fees

$0

Security assessment fee

$230

Government fees

At cost

Settlement fee

$300

Product Brochure
2024 WeMoney - Best for Value (Refinance) 2023 WeMoney - Best Value for Variable 2024 Mozo - Expert's Choice for Green Home Loan Gold Award - Best Green Home Loan 2022 WeMoney - Outstanding Customer Service
Our home loan products are recognised & awarded by the Australian financial industry

Frequently asked questions

You can get your dream home at a great low rate because we don’t have to pay for branches or broker commissions and have innovative technology processes, which means we pass our savings directly on to you.

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/

To apply for the Variable Home Loan or any of our loans, visit: https://www.loans.com.au/apply or call 1300 471 806 and one of our lending specialists can help, or even complete the application for you.

There are a few documents you’ll need to provide in your home loan application. Some of these include:

  • Two (2) most recent consecutive payslips for each applicant
  • Three (3) months bank statements showing regular salary credits, including most recent salary credits with the name of the employer evident
  • Evidence of Salary Sacrifice or Packaging (if applicable)
  • Evidence of Company Vehicle/Car Allowance (if applicable)
  • Six (6) consecutive months of home loan statements showing consistent repayment history (if applicable)

Related content

What documents do you need for pre-approval?

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.

Related content

How much deposit do I need 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.

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.

Related content

What is Property 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.

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.

Related content

Complete guide to home loan fees

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.

Customer Picture

Konnie Sewell

Lending Specialist

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

Get help from a friendly member of our Australian-based home lending team.

Let's talk

Ready to start saving?

You'll be taken to the pre-qualify page where we get you into seeing if you’re eligible for a loan.

Do I Qualify?
TAP to chat!