Aussie home loan repayment calculator

Thinking about taking out a home loan with Aussie? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Aussie home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.35 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Extensive branch access
  • Competitive rates
  • Interest rates vary by loan size and type
  • Limited repayment options on most loans
  • Some fees apply

Aussie home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.35%

Variable

$330

2.38%

$0
Aussie
More details

1.99%

Fixed - 4 years

$330

2.39%

$0
Aussie
More details

2.14%

Fixed - 3 years

$330

2.47%

$0
Aussie
More details

2.45%

Variable

$330

2.48%

$0
Aussie
More details

2.14%

Fixed - 2 years

$330

2.50%

$0
Aussie
More details

2.19%

Fixed - 1 year

$330

2.54%

$0
Aussie
More details

2.55%

Variable

$330

2.57%

$0
Aussie
More details

2.55%

Variable

$330

2.57%

$0
Aussie
More details

2.55%

Variable

$330

2.57%

$0
Aussie
More details

2.55%

Variable

$330

2.58%

$0
Aussie
More details

2.69%

Variable

$330

2.72%

$0
Aussie
More details

1.99%

Fixed - 4 years

$330

2.99%

$0
Aussie
More details

2.99%

Variable

$330

3.01%

$0
Aussie
More details

2.99%

Variable

$330

3.01%

$0
Aussie
More details

2.99%

Variable

$330

3.01%

$0
Aussie
More details

3.04%

Variable

$330

3.07%

$0
Aussie
More details

2.14%

Fixed - 3 years

$330

3.13%

$0
Aussie
More details

3.14%

Variable

$330

3.15%

$0
Aussie
More details

2.14%

Fixed - 2 years

$330

3.23%

$0
Aussie
More details

2.79%

Fixed - 3 years

$330

3.29%

$0
Aussie
More details

3.29%

Variable

$330

3.32%

$0
Aussie
More details

2.19%

Fixed - 1 year

$330

3.34%

$0
Aussie
More details

2.79%

Fixed - 2 years

$330

3.34%

$0
Aussie
More details

3.34%

Variable

$330

3.35%

$0
Aussie
More details

3.49%

Fixed - 1 year

$330

3.37%

$0
Aussie
More details

3.49%

Fixed - 2 years

$330

3.38%

$0
Aussie
More details

3.49%

Fixed - 3 years

$330

3.39%

$0
Aussie
More details

3.59%

Fixed - 4 years

$330

3.44%

$0
Aussie
More details

3.39%

Fixed - 1 year

$330

3.45%

$0
Aussie
More details

3.44%

Variable

$330

3.45%

$0
Aussie
More details

3.44%

Variable

$330

3.45%

$0
Aussie
More details

3.59%

Fixed - 5 years

$330

3.45%

$0
Aussie
More details

3.54%

Fixed - 4 years

$330

3.49%

$0
Aussie
More details

3.54%

Fixed - 5 years

$330

3.49%

$0
Aussie
More details

3.49%

Variable

$330

3.50%

$0
Aussie
More details

3.54%

Variable

$330

3.57%

$0
Aussie
More details

2.84%

Fixed - 3 years

$330

3.60%

$0
Aussie
More details

3.59%

Variable

$330

3.60%

$0
Aussie
More details

2.84%

Fixed - 2 years

$330

3.68%

$0
Aussie
More details

3.74%

Fixed - 5 years

$330

3.81%

$0
Aussie
More details

3.74%

Fixed - 4 years

$330

3.82%

$0
Aussie
More details

3.54%

Fixed - 1 year

$330

3.83%

$0
Aussie
More details

3.84%

Variable

$330

3.85%

$0
Aussie
More details

3.84%

Variable

$330

3.87%

$0
Aussie
More details

Aussie customer service

Customers can meet with a mortgage broker at one of the Aussie retail stores throughout Australia or via appointment with a mobile broker. Customers can also contact Aussie by:

  • Customer service centre (phone, email, branch)
  • Mobile app
  • Online banking
  • Live Chat
  • Mobile banking staff

How to apply

Aussie allows customers to start the home loan application process by phone, or by booking a free appointment via their website, or in person at an Aussie retail store. 

Before applying for a home loan, it’s important to look at how much you can afford to borrow and comfortably repay in your current financial situation.

To apply for an Aussie loan, you will need to supply documentation, such as:

  • Personal identification.
  • Proof of income and savings.
  • Information on your family situation.
  • Information regarding your current debts, liabilities and assets.

About Aussie home loans

Aussie offers a wide range of home loans to suit a variety of customers, including:

  • First home buyers
  • Investors
  • Refinancers
  • Upgraders
  • Renovators
  • Self-employed customers (low-doc loans)

In terms of interest rates and repayments, Aussie home loans borrowers can choose from a number of options, including:

  • Fixed-rate home loans
  • Variable-rate home loans
  • Split home loans
  • Interest-only loans
  • Principal-and-interest loans

Aussie home loans have a maximum loan term of 30 years. Unlimited extra repayments are allowed in addition to the minimum repayments. Redraw facilities are also available and offset accounts are offered on some of Aussie’s home loan products.

Aussie’s own home loan rates typically range from very low to moderately low and fees tend to be very low to moderate. However, because Aussie can also broker home loan deals through other lenders, interest rates and fees may vary.

Aussie home loan rates

Aussie home loan rates differ depending on the type of home loan and whether the loan is made by Aussie or brokered with another lender. Generally speaking, though, Aussie home loan rates tend to be very low to moderate.

Because Aussie is a lender as well as a broker, it can make many different home  loans and interest rates available to suit a variety of customers.

Typically, customers wanting to borrow money to buy a homes to live in as owner occupiers will be able to secure lower interest rates than those wanting to borrow money to invest in property.

Aussie borrowers may also get to choose between a variable interest rate on their home loan that may rise or fall, and fixed-rate home loan with an interest rate that will stay the same for a limited number of years.

Aussie home loans review

Aussie provides home loans to borrowers all over Australia, whether directly from its retail stores or via mobile mortgage brokers.

As well as offering its own home loans, Aussie works with lenders all over Australia – including the big four banks – to offer a choice of flexible home loans to suit different needs.

Aussie provides home loans suited to basic borrowers, such as standard owner-occupier home loans, as well as specialist home loans, including low-doc home loans and bridging loans.

Depending on the type of loan, Aussie home loans may offer other potentially useful features, such as offset accounts, redraw facilities and the ability to make extra repayments.

While Aussie offers competitive home loan interest rates and fees, these can vary according to what’s negotiated by the Aussie broker.

Learn more about Aussie

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

What is appraised value?

An estimation of a property’s value before beginning the mortgage approval process. An appraiser (or valuer) is an expert who estimates the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan.

What is a specialist lender?

Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks.

That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia.

Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks.

Mortgage Calculator, Loan Term

How long you wish to take to pay off your loan. 

What is appreciation or depreciation of property?

The increase or decrease in the value of a property due to factors including inflation, demand and political stability.

How is the flexibility score calculated?

Points are awarded for different features. More important features get more points. The points are then added up and indexed into a score from 0 to 5.

What is a fixed home loan?

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

What is the amortisation period?

Popularly known as the loan term, the amortisation period is the time over which the borrower must pay back both the loan’s principal and interest. It is usually determined during the application approval process.

What factors does Real Time Ratings consider?

Real Time RatingsTM uses a range of information to provide personalised results:

  • Your loan amount
  • Your borrowing status (whether you are an owner-occupier or an investor)
  • Your loan-to-value ratio (LVR)
  • Your personal preferences (such as whether you want an offset account or to be able to make extra repayments)
  • Product information (such as a loan’s interest rate, fees and LVR requirements)
  • Market changes (such as when new loans come on to the market)

Mortgage Balance

The amount you currently owe your mortgage lender. If you are not sure, enter your best estimate.

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

How much deposit do I need for a home loan from NAB?

The right deposit size to get a home loan with an Australian lender will depend on the lender’s eligibility criteria and the value of your property.

Generally, lenders look favourably on applicants who save up a 20 per cent deposit for their property This also means applicants do not have to pay Lenders Mortgage Insurance (LMI). However, you may still be able to obtain a mortgage with a 10 - 15 per cent deposit.  

Keep in mind that NAB is one of the participating lenders for the First Home Loan Deposit Scheme, which allows eligible borrowers to buy a property with as low as a 5 per cent deposit without paying the LMI. The Federal Government guarantees up to 15 per cent of the deposit to help first-timers to become homeowners.