Athena Home Loans
Athena is an online-only mortgage provider based in Sydney. As a digital non-bank lender, Athena can provide competitive interest rates and personalised customer service to help customers save time and money on their mortgage. Athena also offers like-for-like loans, where existing Athena customers get to enjoy the same interest rates as new customers, so nobody misses out on the best available rate from Athena.
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Owner Occupier Loan Principal & Interest Variable Rate
Owner Occupier Interest Only Loan
Investor Interest Only Loan
- Like-for-like loans
- No application fees, ongoing fees or exit fees
- Bonus loyalty discount
- Currently only available to refinancers
- Not available to all self-employed borrowers
- Not available for selected properties e.g. apartments built during 2013 or later
How to apply for an Athena home loan
You can apply for an Athena home loan online via the Athena website. You can also contact Athena by phone for more information.
To apply for an Athena home loan, you’ll need to fulfil the following criteria:
- Up to 2 applicants in total, over the age of 18
- Borrow 80% or less of the value of your property. In certain cases you might only be able to borrow up to 70%.
- At least one applicant is employed, including full-time, part-time & casual PAYG employment
- Your property is in a capital city or major population centre
- Australian/NZ citizens (living in Australia) or permanent residents
- You have good credit history
About Athena home loans
Athena offers a relatively small selection of home loan options compared to some other mortgage lenders. There are principal and interest and interest-only home loan options for owner occupiers and investors available, with no application fees, ongoing fees or annual fees. These loans can also offer access to fee-free extra repayments and redraws. Athena has plans in place to release additional loan options in the future, to suit a greater variety of households and budgets.
Once you’ve successfully applied for an Athena home loan, you’ll be able to access your account by logging in online at the Athena website. You can also access additional information and resources, including home loan calculators to help you estimate your potential savings if you were to refinance and switch to an Athena home loan.
Athena home loan rates
As an online-only lender, Athena is able to offer relatively competitive interest rates on its home loans compared to some larger banks. Some of Athena’s lowest rates are available to owner-occupiers paying principal and interest, with P&I investors paying slightly higher rates. Owner-occupiers and investors who choose to pay interest only for up to five years will pay higher interest rates.
Athena offers interest rate discounts as a loyalty bonus, which can build up over five years to lower your rate by an extra 0.05%. Upfront opening discounts may also be available.
Athena offers like-for-like home loans, to help keep Athena customers from missing out on savings. If Athena offers a lower home loan interest rate to new customers, existing Athena customers with the same type of mortgage will receive an automatic rate match.
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Owner-occupiers and investors can get principal and interest or interest-only home loans from Athena, provided they have a loan to value ratio (LVR) of 80% or less, a good credit history, a property in a capital city or regional centre, and aren’t self-employed. Athena may not be able to offer mortgages on selected property types, such as apartments in buildings over 7 storeys that were built in 2013 or later.
Athena’s interest rates are competitive, and allow borrowers to enjoy loyalty discounts over time. Plus, like-for-like loans means existing Athena customers should enjoy the same interest savings as new customers in the future.
Athena doesn’t charge fees for its home loans, so customers may only need to pay third party costs on their home loan. Unlimited extra repayments are available, plus fee-free redraws for when you want your extra savings back in your pocket.
- FIXED RATE
- FIRST HOME BUYER
- NEXT HOME BUYER