Athena offers a relatively small selection of home loan options compared to some other mortgage lenders. There are Principal & 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’s lowest interest rates are available to owner occupiers paying principal and interest. Owner occupiers who choose to pay interest only for up to five years will pay a moderate interest rate, compared to the very low rate for a P&I loan.

Investors who switch to an Athena home loan can pay a moderately low interest rate for a principal and interest loan, or pay interest only for up to five years at a very low rate.

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.   

Athena home loans presently only offers mortgages for customers who are refinancing existing home loans, though that may change in the future. Owner occupiers and investors can get principal and interest or interest only home loans, 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 centres, and aren’t self-employed.

Athena’s interest rates are moderate to very low, and allow borrowers to enjoy loyalty discounts over times. 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 should 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.