Home Loans

Below you will see a chart of home loans providers. Use the chart to compare the most important features of different home loans, and remember to check if the provider is a broker or a direct lender. Loan brokers can make the process of finding home loans much easier, but they often ask for a fee so check this out before you sign up. Consider all of the options and take your time before choosing from the home loans listed below. Most mortgages last up to 25 years of your life (and possibly longer if you decide to re-mortgage) so it pays to find home loans most suited to you and your finances best. Please ensure that you read the terms and conditions of any loan for which you would like to apply in detail so that you fully understand your financial obligations.

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COMPANYTYPE

TYPE

Lender / Broker

APR

APR

The term annual percentage rate describes the interest rate for a whole year (annualized), rather than just a monthly fee/rate

LOAN AMOUNT

LOAN AMOUNT

Amount you can borrow

MIN TERM

MIN TERM

Minimum borrowing period

MAX TERM

MAX TERM

Maximum borrowing period

ID REQUIRED

ID REQUIRED

ID required for borrower

TERMS

TERMS

Terms and conditions of loan

SUITABLE

SUITABLE

Applicants the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

MORE INFO

St.George Home Loan
St.George  Home Loan

Lender7.42% p.a (Variable)Up to $5,000,000From 0.5 YearsUp to 30 yearsIdentification

Identification

Initially contact details for a loan expert to call you.

Terms

Terms

Redraw requests and repayment pause are subject to approval.

Suitable

Suitable

Straightforward, easy-to-use home loan

Restrictions

Restrictions

Redraw requests and repayment pause are subject to approval.


St.George  Home Loan
The St.George Basic Home Loan offers a competitive interest rate, flexible repayment options and a convenient redraw facility. There are no monthly administration fees associated with this loan and if you would like to speak with an St George lending expert, you simply need to fill out the online enquiry form. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. If you have any questions contact their customer support team. DETAIL INFORMATION >>Services

Services

1. Ability to increase loan amount.
2. Redraw facility.
3. Repayment pause.
4. Family pledge.
5. Deposit and protect bond.


Advantages

Advantages

Get 0.80% p.a. off our standard variable rate on a new home loan of $500000 or more! Plus $700 towards switching.
1. $0 home loan establishment fee
2. $0 monthly loan administration fee
3. $0 monthly account service fee on a Complete Freedom transaction account, with optional 100% interest offset facility
4. $0 annual fee on selected credit cards
5. 10% discount when you combine home and contents insurance. PLUS an extra 5% off for being an Advantage Package customer
6. With fast refinancing your home loan could be settled in a matter of days


Disadvantages

Disadvantages

1. Higher interest rate is higher for standard variable loans than basic loans because they usually offer additional features
2. Repayments rise when official interest rates rise
3. There is an annual fee of $395 p.a.

St.George Portfolio Loan
St.George Portfolio Loan

Line Of Credit7.65% p.a.Up to $5,000,000From 0.5 YearsUp to 30 yearsIdentification

Identification

Initially contact details.

Terms

Terms

You can open up to 10 sub-accounts to make managing your investments easier

Suitable

Suitable

To create wealth to secure your future

Restrictions

Restrictions

See website for details


St.George Portfolio Loan
The St.George Portfolio Loan makes wealth creation easier. This loan lets you combine your personal and investment finances into one convenient home loan. You can borrow up to 90% of your homeís value to make other investments and build assets, including shares, investment properties or a new car. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. If you have any questions contact their customer support team. DETAIL INFORMATION >>Services

Services

1. Choose a fixed or variable interest rate for each sub-account
2. There is no set repayment term. This is an ongoing line of credit
3. Choose to repay as often as you like, but at least monthly
4. Set up convenient automatic repayments from your nominated account
5. Additional payments can be made at any time on variable rate sub-accounts. Up to $10,000 per year for fixed rate loans.


Advantages

Advantages

1. Deposit all your income directly into your Portfolio Loan, so every dollar you earn will work to save you interest and can help you repay your home loan sooner
2. Use up to 10 separate sub-accounts for your investment or lifestyle needs
3. The ownership structure for each sub-account may be different to help you make managing tax and finances easier2
4. Separate monthly statements for each sub-account to make managing your investments easier
5. Borrow up to 90%3 of the value of your property
6. Link a Visa Debit Card to your loan and shop securely wherever Visa is accepted


Disadvantages

Disadvantages

1. Need to be disciplined to make principal payments regularly
2. Can be very expensive if not used carefully

Fox Symes Home Loans
Fox Symes Home Loans

BrokerFrom 6.69% (Variable)Up to $2,000,0001 yearUp to 50 yearsIdentification

Identification

Personal details and total unsecured debt.

Terms

Terms

You must be over the age of 18 years old to apply.

Suitable

Suitable

An adverse credit history.

Restrictions

Restrictions

Australians only. Over 18.


Fox Symes Home Loans
Fox Symes is a widely used national loan broker. Whether you have a bad credit history or not, Fox Symes Home Loans are here to help you get the loan you want. They have contacts with major banks and financial institutions so you are more likely to get matched with a suitable loan. Apply online in no time at all. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. If you have any questions contact their customer support team. DETAIL INFORMATION >>Services

Services

Fox Symes offer you a wide-reaching service that has connections with major banks and financial institutions.


Advantages

Advantages

1. Lowest interest rates anywhere on the market.
2. You can get approved over the phone in 10 minutes.
3. Browse between over 100 home loans.
4. Bad credit customers accepted!
5. You can borrow from $20,000 to $3,000,000.
6. Borrow up to 90% of your property value
7. Get insurance included.
8. MFAA full member


Disadvantages

Disadvantages

1. You have to apply to find out the APR and terms and conditions.

Bank SA Home Loan
Bank SA Home Loan

LenderFrom 4.79 % p.a.Depends on type of loanAsk on applicationAsk on applicationIdentification

Identification

Related Financial Questions/Credit History/Income/Assets

Terms

Terms

See website for terms and consitions

Suitable

Suitable

All home buyers

Restrictions

Restrictions

Ask on application


Bank SA Home Loan
No matter if you are buying your first home or just need to renovate your existing home - Bank SA will provide the loan which will suit your situation best. This is why diffenernt packages are available each at fixed or variable rates. Start now by using their useful calculator. Once you have applied a loan expert will guide you through the whole process. You even can apply before you have found your property! DETAIL INFORMATION >>Services

Services

Home Purchase/Refinance,Renovation loans, investment


Advantages

Advantages

1.Different types available
2.Expert support
3.Online application


Disadvantages

Disadvantages

Establishment fee $600

St.George Introductory Rate Home Loan
St.George  Introductory Rate Home Loan

Lender6.64% (Fixed rate)Up to $5,000,000From 0.5 YearsUp to 30 yearsIdentification

Identification

Initially contact details for a loan expert to call you

Terms

Terms

At the end of the introductory period, the interest rate converts to the Standard Variable Rate

Suitable

Suitable

First Home Buyers

Restrictions

Restrictions

At the end of the introductory period, the interest rate converts to the Standard Variable Rate


St.George  Introductory Rate Home Loan
The St.George Introductory Rate Home Loan makes life a bit easier for you if you are buying your first home. They give you a low introductory rate and at the end of the introductory period, the interest reverts back to the Standard Variable Rate. What you save in repayments can help offset the cost of stamp duty, solicitors and moving. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. If you have any questions contact their customer support team. DETAIL INFORMATION >>Services

Services

1. Choose to pay weekly, fortnightly or monthly.
2. Choose a variable interest rate or a fixed interest rate


Advantages

Advantages

1. What you save in repayments can help offset the costs of stamp duty, solicitors and moving
2. Take advantage of the lower interest rate to pay off your loan and own your home sooner


Disadvantages

Disadvantages

1. One-year introductory period. At the end of the introductory period, the interest rate converts to the Standard Variable Rate.
2. There is a monthly administration fee

St.George Advantage Package
St.George  Advantage Package

LenderAs per individual product specifications.$0 - $250,000 +As per individual product specifications.As per individual product specifications.Identification

Identification

Initially contact details.

Terms

Terms

Discounts up to 0.90% p.a. off variable rate home loans

Suitable

Suitable

First Home Buyer

Restrictions

Restrictions

See website for details


St.George  Advantage Package
The St.George Advantage Package provides you with an all-in-one home loan package. The Advantage Package offers exceptional value with interest rate and fee savings, on your loan, credit card and transaction accounts. St. George lends to countless Australians every year and provides an efficient service. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. If you have any questions contact their customer support team. DETAIL INFORMATION >>Services

Services

1. Choose the home loan that best suits your needs and lifestyle
2. Choose your preferred credit card
3. Choose an everyday Transaction Account


Advantages

Advantages

1. $0 home loan establishment fee
2. $0 monthly loan administration fee
3. $0 monthly account service fee on a Complete Freedom transaction account, with optional 100% interest offset facility
4. $0 annual fee on selected credit cards
5. 10% discount when you combine home and contents insurance. PLUS an extra 5% off for being an Advantage Package customer2
6. With fast refinancing your home loan could be settled in a matter of days


Disadvantages

Disadvantages

1. Fees and charges apply. See website for details.

BoM Standard Variable Rate Home Loan
BoM Standard Variable Rate Home Loan

Variable Loan6.70% - 7.40%Over $1 millionAsk on applicationUp to 30 yearsIdentification

Identification

Initially name and contact details

Terms

Terms

Offer only applies to the specified new packaged loans and loan amounts applied for before 30 April 2012.

Suitable

Suitable

Available for property or vacant land purchase, and for building

Restrictions

Restrictions

In order to be eligible you must be able to provide:
1. Savings history
2. Proof of income
3. Borrowing Purpose


BoM Standard Variable Rate Home Loan
With Bank of Melbourne, take out a new Standard Variable Home Loan or new Portfolio Loan of $500,000 or more under Advantage Package and youíll receive a 0.85% p.a. discount off the standard variable rate for the life of your loan. If your new loan is between $250,000 and $499,999, youíll receive a 0.85% p.a. discount off the standard variable rate for the life of your loan. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. DETAIL INFORMATION >>Services

Services

1. Package and save! You could get special interest rate and fee discounts and more with Advantage Package - an all-inclusive home loan, credit card and transaction account package
2. 100% interest offset With Mortgage Equaliser, our interest offset facility, you could save on interest by offsetting the funds in your linked transaction account against the balance of your loan
3. Redraw Get access to the extra payments you make by requesting a redraw1
4. You could save on redraw fees by making your request over the phone or via Internet Banking
5. Family Pledge With Family Pledge you can reduce or even avoid paying Lenderís Mortgage Insurance when a parent or family member guarantees part of your home loan by using his or her own home's equity to provide additional security for a portion of your loan amount.
6. Consider splitting your loan Make part of your loan a fixed rate, and part a variable rate with Flexible Choice
7. See how a part variable rate and part fixed rate loan can work for you
8. Repayment Pause Reduce or pause your repayments for 3 to 12 months when you have a legitimate period of leave from the workforce


Advantages

Advantages

Flexibility and great features with a Standard Variable Rate Home Loan!
1. Get a competitive variable interest rate without being locked in for a set term
2. 100% interest offset facility to help you save interest on your home loan
3. Request to redraw funds from your extra payments, when you need it
4. Take out a new Standard Variable Home Loan or new Portfolio Loan of $500,000 or more under Advantage Package and youíll receive a 0.85% p.a. discount off the standard variable rate for the life of your loan.
5. If your new loan is between $250,000 and $499,999, youíll receive a 0.85% p.a. discount off the standard variable rate for the life of your loan.


Disadvantages

Disadvantages

1. Establishment fee - $600 or $0 with Advantage Package
2. Monthly Administration fee $10 or $0 with Advantage Package

The St.George Standard Variable Rate
The St.George  Standard Variable Rate

Variable Loan7.55% (Variable)Up to $249,999From 0.5 Years30 yearsIdentification

Identification

Initially contact details for a loan expert to call you

Terms

Terms

Make additional payments at any time

Suitable

Suitable

If you want flexibility with a full range of features

Restrictions

Restrictions

Monthly fee applies


The St.George  Standard Variable Rate
St.George offer loans to hundreds of Australians annd is a well trusted lender with an extremely wide portfolio.The St.George Standard Variable Rate offers you complete flexibility with a full range of features. You can receive a competitive interest rate without being locked into the rate for a set term. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. If you have any questions contact their customer support team. DETAIL INFORMATION >>Services

Services

1. Make additional payments at any time
2. Set up convenient automatic repayments from your nominated account


Advantages

Advantages

1. Flexible repayment options
2. 100% interest offset facility to help you save interest on your home loan
3. Convenient redraw facility


Disadvantages

Disadvantages

1. Monthly administration fee applies.
2. The interest rate on this loan will move up and down with changes to rates in financial markets.

Home Loans Australia
Home Loans Australia

Broker7.25%Varies on product.10 yearsUp to 30 yearsIdentification

Identification

Related Financial Questions/Credit History/Income/Assets.

Terms

Terms

Apply for free

Suitable

Suitable

For all purposes of attaining a home loan.

Restrictions

Restrictions

Australian's only.


Home Loans Australia
Get a helping hand and let Home Loans Australia work out the hard part you by tracking down an appropriate home loan for you, from a variety of top Australian lenders. Regardless of your situation and whether or not you have a bad credit history, Home Loans Australia is happy to match you with a suitable home loan. Please make sure that you read all of their terms and conditions in detail before you apply so that you thoroughly understand your obligations. If you have any questions contact their customer support team. DETAIL INFORMATION >>Services

Services

1. Home Purchase/Refinance
2. Investment Loans
3. Construction Loans
4. Renovation loans
5. Debt Consolidation.


Advantages

Advantages

1. Home Loans Australia is an inclusive service.
2. Accepts bad credit history applicants.
3. Accepts Ex-Bankrupt applicants.
4. You will be accepted even if you have no recorded savings history.
5. Homa Loans Australia accepts those who are self employed.
6. No charge, no obligation home loan eligibility application.
7. Multi purpose home loans: Home Purchase/Refinance/Investment Loans/Construction Loans/Renovation loans/Debt Consolidation.
8. Easy application process.
9. Live online help. 10. Use the home loan repayment calculator.


Disadvantages

Disadvantages

1. Home Loans Australia do not provide financial advice.
2. Only available in Australia.

If you wish to speak to someone: Contact Us

Compare Home Loans

Home loans Ė find the best lender to finance your home

For buying a new home most people will need a home loan

The loan amount

A deposit will be required on the purchase of a house or a flat, which usually will be between 5 and 10 percent of the price for the whole property. How much you can borrow will depend on the conditions of the lender, who will usually carry out a credit check before they decide how much they can lend you.

How to apply for a home loan

You will need to prove your identity and provide documents to show your creditworthiness, but the lender will let you know what exactly will be needed from you when you apply.

How to find the best home loan

Use the table above to have a look at the different possibilities and offers available. Compare different lenders and their conditions such as repayment terms, fees and interest rates and see if it is a broker or lender. Once you have found the home loan which suits your situation best, you can simply start applying online directly from here.

Homes Loans: where to start?

There is a varied market out there, with hundreds of home loan providers all wanting your business. So, it comes as no surprise that to get the best deal on the market you will need to do your research properly. Questions you should ask yourself include; how long would I like the loan for? How much do I need to borrow? What interest rate can I get? The majority of people in Australia and the world, need a loan in order to be able to buy their home. Even if you can afford to pay for your house outright, you might decide that you would prefer to spread the costs over a period of time.

Things to watch out for

If you are not able to keep up with your repayments then you could end up having your home repossessed. It is important that you are sure you are able to make all the repayments every month, not only could you lose your home but you could find that your credit rating is adversely affected. You should also think about all the different financial elements to buying a house, this could include stamp duty, building assessments, broker fees, solicitor fees and removal costs. Have you factored all this into the total cost that you will need to borrow?

How to compare home loan providers?

You should do your research properly when you are applying for home loans and ensure that you do not have too many credit checks completed on yourself as this could have an effect on your credit rating. Ensure that you read the terms and conditions properly.

Home Loans - Latest News News and Charts

Non-bank lenders hold market share of mortgage and home loan lending

20 December 2013
Which Way To Pay

As the home loan market continues to soar, smaller, non-bank lenders are securing a large share of mortgage customers.

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Get the Right Home Loan for You

20 April 2012 01:00am
Jack Stupple

Buying a new house can be stressful with many different factors to consider. Unless you are lucky enough to be able to buy your property outright, you will need to take out a home loan or mortgage. It is very important to get the right loan for your circumstances.

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Bank Of Melbourne Standard Variable Home Loan

04 April 2012 04:00am
Which Way to Pay

Bank of Melbourne now offers a new Standard Variable Home Loan or Portfolio Loan of $500,000. This product is now available for you to compare at Which Way To Pay Australia.

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Australian Home Loans Fall 1.2%

14 March 2012 01:00am
Jack Stupple

The Australian Bureau of Statistics have said that the number of home loan approvals has fell by 1.2% in January to 47,768 putting an end to a nine-month series of rises.

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Aussie Hurt by S&Pís Wave of Rating Downgrades

16 January 2012
Which Way to Pay

One of the biggest European powers, France, had its high AAA rating stripped causing the Australian Dollar to drop half a cent after the announcement from the ratings agency.

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