Your streamlined Variable Bare Home Loan
Keeping it simple to make lending straightforward
Variable Bare Home Loan
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Borrow up to 90% LVR -
Principal & Interest (P&I) repayments
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No transaction fees for redraws
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No monthly or ongoing fees
Why choose our Variable Bare Home Loan
Flexible repayment options
Zero monthly or ongoing fees
Unlimited free redraws
Quick & easy process
Who is loans.com.au?
Established in 2011, loans.com.au is one of Australia's first online lenders offering great value and award-winning car and home loans. Part of the Firstmac Group, Australia’s leading non-bank lender, we’re backed by four decades of expertise. Our Brisbane-based lending specialists have helped thousands of customers make confident decisions and save on their home and car buying journeys.
A variable bare home loan that saves you more.
Here’s your new offer
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 Variable 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 Variable Bold Home Loan comes with a 100% offset sub-account. This account gives you:
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Full access to your money via online banking, ATMs, EFTPOS, and a Visa debit card
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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. 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.
Our home loan application process
Apply Online
Complete your application through our online platform. Don't forget to contact your current lender to request a 'Discharge Authority Form' from your existing loan.
Upload & Track
Submit your documents and monitor your application in real time via our onTrack portal.
Speak to our Specialist
Our lending specialists will guide you through the process to switch over and refinance your home loan.
Approval & Signing
Review and sign your mortgage documents securely via onTrack.
Settlement
Your loan settles, which means your funds will be ready to be paid out to your previous lender.
Manage Your Loan
You'll receive your login details to manage your repayments and account details via our Smart Money app.
Meet the team behind Australia's Home of Loans
We have been making it easier for Aussies to access great value home and car loans with our award-winning rates, fast approval and seamless digital experience.
David
Customer reviews
Our Google Rating
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.