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Click Loans Online Loan

Features

The Click Loans Online Home Loan allows borrowers to take advantage of a straightforward mortgage with a low interest rate. These low rates do vary depending on how much you are planning on borrowing and how big your deposit is, with the lowest prices going to those who not only borrow the most, but also have the biggest deposits.

Click Loans will lend to people with just a 5 per cent deposit, for example, however if that’s you, then expect to pay a slightly higher interest rate.

Click Loan’s Online Home Loan has some features – including the ability to make extra repayments to help you get ahead on your loan, and a redraw facility so you can dip into these funds if you need to. This loan doesn’t however have an offset account.

Other features include the ability to transfer your mortgage to a different property, and a construction facility which allows you to draw down on funds when you need them throughout the building of your home.

Who is the Click Loans Online Loan good for?

The Online Loan from Click Loans will suit anyone who is looking for a low rate loan and doesn’t mind dealing with an online lender.

Review - What RateCity says

The Click Loans Online Loan provides borrowers with a competitive variable rate of interest and a handful of flexible options, making it a potentially attractive option for anyone who doesn’t mind lending from an online company.

While the rates are low, they are tailored to your borrowing criteria so make sure you get a comprehensive quote from the lender, including an outline of all the fees and charges over the life of the loan.

Click Loans Online Loan Options

The Online Home Loan has a wide range of options that will suit investors and non-investors alike.

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Advertised rate
Comparison rate*
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Fixed Rates from

4.29%

Advertised rate

4.10%

Comparison rate

Variable Rates from

3.73%

Advertised rate

3.76%

Comparison rate
Pros
  • Low rate of interest.
  • Redraw facility.
  • Mortgage portability.
Cons
  • Online lender only.
  • Ongoing fees.
  • Upfront fees.
Eligibility

Australian Resident.

Proof of income.

At least 18 years of age.

Suitable For
  • First Home Buyers
  • Owner-Occupiers
  • Refinancers
  • Investors
Fees
  • Estimated upfront fees: $363 - $440
  • Discharge fees: $250 - $400
  • Ongoing fees: $0

Borrowers signing up to the Click Loans Online Loan can expect to pay some upfront fees and a discharge fee when you finish your loan.

Ongoing fees may also be charged depending on which product you choose, so make sure you get a full estimate of what the fees and charges are from the lender before taking out the loan.

Features
  • Redraw facility
  • 100% offset account
  • Unlimited extra repayments
  • Fortnightly repayments
  • Monthly repayments
  • Loan allows split interest rate
About Click Loans

Click Loans is an online provider of home loans, but it’s eager to point out that it does all its business in, from, and for Australia.

It addition to its online services it has a call centre that operates five days a week, plus the ability to email questions in to their help desk.

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