Aussie
Aussie, previously known as Aussie Home Loans, is an Australian mortgage broker and lender, owned by Commonwealth Bank.
Since being established in 1992, Aussie has grown to employ over 1,000 brokers with over 200 stores.
Aussie provides a wide range of home loans, including fixed-rate home loans, variable-rate home loans, low-doc home loans, and others. As both a lender and a broker, Aussie offers home loans directly and also negotiates home loans with other lenders on behalf of customers.
Credit services for Aussie Select, Aussie Activate and Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 (“Aussie”) and its appointed credit representatives, Australian Credit Licence 246786. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133, Australian Credit Licence 414133 (“RMG”). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945. Credit for Aussie Activate products is provided by Pepper Finance Corporation Limited ACN 094 317 647 (“Pepper”). Pepper Group Limited ACN 094 317 665, Australian Credit Licence 286655 acts on behalf of Pepper. Credit services for Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 ("Aussie") and its appointed credit representatives. Aussie is a trade mark of AHL Investments Pty Ltd ABN 27 105 265 861. Credit and any applicable offset accounts for Aussie Elevate are issued by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL / Australian Credit Licence 237879.
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Aussie home loan repayment calculator
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 | | More details | ||
1.99% Fixed - 4 years | $330 | 2.39% | $0 | | More details | ||
2.14% Fixed - 3 years | $330 | 2.47% | $0 | | More details | ||
2.45% Variable | $330 | 2.48% | $0 | | More details | ||
2.14% Fixed - 2 years | $330 | 2.50% | $0 | | More details | ||
2.19% Fixed - 1 year | $330 | 2.54% | $0 | | More details | ||
2.55% Variable | $330 | 2.57% | $0 | | More details | ||
2.55% Variable | $330 | 2.57% | $0 | | More details | ||
2.55% Variable | $330 | 2.57% | $0 | | More details | ||
2.55% Variable | $330 | 2.58% | $0 | | More details | ||
2.69% Variable | $330 | 2.72% | $0 | | More details | ||
1.99% Fixed - 4 years | $330 | 2.99% | $0 | | More details | ||
2.99% Variable | $330 | 3.01% | $0 | | More details | ||
2.99% Variable | $330 | 3.01% | $0 | | More details | ||
2.99% Variable | $330 | 3.01% | $0 | | More details | ||
3.04% Variable | $330 | 3.07% | $0 | | More details | ||
2.14% Fixed - 3 years | $330 | 3.13% | $0 | | More details | ||
3.14% Variable | $330 | 3.15% | $0 | | More details | ||
2.14% Fixed - 2 years | $330 | 3.23% | $0 | | More details | ||
2.79% Fixed - 3 years | $330 | 3.29% | $0 | | More details | ||
3.29% Variable | $330 | 3.32% | $0 | | More details | ||
2.19% Fixed - 1 year | $330 | 3.34% | $0 | | More details | ||
2.79% Fixed - 2 years | $330 | 3.34% | $0 | | More details | ||
3.34% Variable | $330 | 3.35% | $0 | | More details | ||
3.49% Fixed - 1 year | $330 | 3.37% | $0 | | More details | ||
3.49% Fixed - 2 years | $330 | 3.38% | $0 | | More details | ||
3.49% Fixed - 3 years | $330 | 3.39% | $0 | | More details | ||
3.59% Fixed - 4 years | $330 | 3.44% | $0 | | More details | ||
3.39% Fixed - 1 year | $330 | 3.45% | $0 | | More details | ||
3.44% Variable | $330 | 3.45% | $0 | | More details | ||
3.44% Variable | $330 | 3.45% | $0 | | More details | ||
3.59% Fixed - 5 years | $330 | 3.45% | $0 | | More details | ||
3.54% Fixed - 4 years | $330 | 3.49% | $0 | | More details | ||
3.54% Fixed - 5 years | $330 | 3.49% | $0 | | More details | ||
3.49% Variable | $330 | 3.50% | $0 | | More details | ||
3.54% Variable | $330 | 3.57% | $0 | | More details | ||
2.84% Fixed - 3 years | $330 | 3.60% | $0 | | More details | ||
3.59% Variable | $330 | 3.60% | $0 | | More details | ||
2.84% Fixed - 2 years | $330 | 3.68% | $0 | | More details | ||
3.74% Fixed - 5 years | $330 | 3.81% | $0 | | More details | ||
3.74% Fixed - 4 years | $330 | 3.82% | $0 | | More details | ||
3.54% Fixed - 1 year | $330 | 3.83% | $0 | | More details | ||
3.84% Variable | $330 | 3.85% | $0 | | More details | ||
3.84% Variable | $330 | 3.87% | $0 | | 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 personalised is my rating?
Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating.
We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time.
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.
What is breach of contract?
A failure to follow all or part of a contract or breaking the conditions of a contract without any legal excuse. A breach of contract can be material, minor, actual or anticipatory, depending on the severity of the breaches and their material impact.
Savings over
Select a number of years to see how much money you can save with different home loans over time.
e.g. To see how much you could save in two years by switching mortgages, set the slider to 2.
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.
Do other comparison sites offer the same service?
Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.
What is a building in course of erection loan?
Also known as a construction home loan, a building in course of erection (BICOE) loan loan allows you to draw down funds as a building project advances in order to pay the builders. This option is available on selected variable rate loans.
Why should you trust Real Time Ratings?
Real Time Ratings™ was conceived by a team of data experts who have been analysing trends and behaviour in the home loan market for more than a decade. It was designed purely to meet the evolving needs of home loan customers who wish to merge low cost with flexible features quickly. We believe it fills a glaring gap in the market by frequently re-rating loan products based on the changes lenders make daily.
Real Time Ratings™ is a new idea and will change over time to match the frequently-evolving demands of the market. Some things won’t change though – it will always rate all relevent products in our database and will not be influenced by advertising.
If you have any feedback about Real Time Ratings™, please get in touch.
Mortgage Calculator, Loan Term
How long you wish to take to pay off your loan.
Mortgage Calculator, Property Value
An estimate of how much your desired property is worth.
Mortgage Calculator, Repayments
The money you pay back to your lender at regular intervals.
What is the average annual percentage rate?
Also known as the comparison rate, or sometimes the ‘true rate’ of a loan, the average annual percentage rate (AAPR) is used to indicate the overall cost of a loan after considering all the fees, charges and other factors, such as introductory offers and honeymoon rates.
The AAPR is calculated based on a standardised loan amount and loan term, and doesn’t include any extra non-standard charges.
How does a redraw facility work?
A redraw facility attached to your loan allows you to borrow back any additional repayments that you have already paid on your loan. This can be a beneficial feature because, by paying down the principal with additional repayments, you will be charged less interest. However you will still be able to access the extra money when needed.