Athena home loans

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

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.

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 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.   

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 in the Australian market. 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.