RateCity.com.au
Advertisement

Homeloans Home Loans

Unlike other banks, Homeloans’ only focus on providing Australians with a range of competitive home loan products. Homeloans is an ASX-listed lender whose major shareholders include National Australia Bank and Macquarie Bank. Homeloans prides itself on providing its customers with outstanding customer service. Homeloans doesn’t have traditional branches, but has a number of satellite sales offices nationwide. Homeloans is also a Carbon Conscious lender and plants a tree for every settled home loan.

Homeloans has won a number of awards including TheAdviser Magazine Best Mortgage Manager.

Homeloans - MoniPower Loan

The Homeloans MoniPower Loan is a feature-rich, flexible finance option with no application or monthly fees. This loan can be used to purchase a new home, refinance, debt consolidation, to buy vacant land and for construction purposes. This loan has a 100 per cent offset account with the ability to make extra repayments to reduce the amount of interest and the length of the loan. Borrowers looking for flexibility can opt for interest-only payments for a period of up to five years and can choose between weekly, fortnightly or monthly payment options. Other perks include the ‘Go Between’ bridging feature which gives you a repayment reprieve for six months or 12 months if you’re building a new home. This loan is open to individuals, self-employed, companies and trusts.

Homeloans - Optima Loan

The Homeloans Optima Loan is a low rate, feature-rich home loan. This loan is open to individuals, self-employed, companies and trusts and can be used for purchase, refinance and debt consolidation purposes. The Optima loan gives you the choice of structuring the loan as a term loan for up to 30 years or a revolving line of credit. Other features include a 100 per cent offset account, unlimited repayment option and unlimited free redraw facility. This Homeloans loan can be split into both fixed and variable interest rate options and can be paid back fortnightly or monthly. Owner-occupiers can borrow as much as 95 per cent of the property value and have the option of paying interest-only for up to five years.

Homeloans - Ultra Plus Loan

The Homeloans Ultra Plus Loan is a no-fuss finance option for borrowers looking for a low rate loan with simple features. This loan lets you choose from weekly, fortnightly or monthly payment options and gives the option of paying interest-only for up to five years. Owner-occupiers can borrow as much as 95 per cent of the property value and can choose to split the loan between both fixed and variable interest options. This loan has no offset account but does have the option of making unlimited additional repayments and free redraws. This loan is open to individuals, self-employed, companies and trusts and can be used for purchase, refinance and debt consolidation purposes.

Home Loans from Homeloans

Company
Product
Advertised Rate
Comparison Rate
Monthly Repayment
Go To Site
Homeloans
Advertised Rate3.84%

Variable

Comparison Rate4.00%
Monthly Repayment$1194

over 30 years

Details
Homeloans
Advertised Rate3.99%

Variable

Comparison Rate4.00%
Monthly Repayment$1194

over 30 years

Details
Homeloans
Advertised Rate4.18%

Fixed - 2 years

Comparison Rate4.03%
Monthly Repayment$1198

over 30 years

Details
Homeloans
Advertised Rate4.28%

Fixed - 1 year

Comparison Rate4.03%
Monthly Repayment$1198

over 30 years

Details
Homeloans
Advertised Rate4.28%

Fixed - 3 years

Comparison Rate4.08%
Monthly Repayment$1205

over 30 years

Details
Homeloans
Advertised Rate3.79%

Fixed - 3 years

Comparison Rate4.12%
Monthly Repayment$1211

over 30 years

Details
Homeloans
Advertised Rate3.89%

Fixed - 3 years

Comparison Rate4.14%
Monthly Repayment$1214

over 30 years

Details
Homeloans
Advertised Rate3.94%

Fixed - 3 years

Comparison Rate4.15%
Monthly Repayment$1215

over 30 years

Details
Homeloans
Advertised Rate3.90%

Fixed - 2 years

Comparison Rate4.15%
Monthly Repayment$1215

over 30 years

Details
Homeloans
Advertised Rate4.48%

Fixed - 4 years

Comparison Rate4.17%
Monthly Repayment$1218

over 30 years

Details
Pros
  • Large variety of home loan products.
  • Loans can accommodate borrowers with small deposits.
  • Competitive interest rates.
  • Loans are open to a wide range of borrowers.
Cons
  • Limited branch network.
  • Some products include ongoing fees.
Advertisement
Customer Service

Home loan customers at Homeloans can contact customer support through the contact centre, email or through the online enquiry form. For loan application enquiries, Homeloans will put you in touch with your local mobile loans consultant.

Customer service centre (phone)

Online banking

Email

Branch

Mobile banking staff

Applying and Eligibility

Borrowers wanting to apply for a Homeloans home loan can either complete a secure online loan application form, download an application form or call through to the Contact Centre for more support. Before applying for a Homeloans home loan, consider what you can afford to borrow and what other costs you need to factor in.

To apply for a Homeloans home loan, you will need to supply the following information:

  • Proof of identity.
  • Proof of income including last two months’ payslips or last two years’ tax returns if you’re self-employed.
  • Provide three months’ savings history, credit card statements and bank account statements.
Advertisement