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 mortgage repayments

at interest rate 5.00%

Total interest payable

$0

Total loan repayments

$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

Advertised Rate

2.35%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.38%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

1.99%

Fixed - 4 years

Total estimated upfront fees
$330
Comparison Rate*

2.39%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.14%

Fixed - 3 years

Total estimated upfront fees
$330
Comparison Rate*

2.47%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.45%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.48%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.45%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.48%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.45%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.48%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.14%

Fixed - 2 years

Total estimated upfront fees
$330
Comparison Rate*

2.50%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.19%

Fixed - 1 year

Total estimated upfront fees
$330
Comparison Rate*

2.54%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.55%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.57%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.55%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.57%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.55%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.57%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.59%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.62%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.89%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.92%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.89%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.92%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.89%

Variable

Total estimated upfront fees
$330
Comparison Rate*

2.92%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

1.99%

Fixed - 4 years

Total estimated upfront fees
$330
Comparison Rate*

2.99%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.01%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.01%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.01%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.14%

Fixed - 3 years

Total estimated upfront fees
$330
Comparison Rate*

3.13%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.14%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.15%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.14%

Fixed - 2 years

Total estimated upfront fees
$330
Comparison Rate*

3.23%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.79%

Fixed - 3 years

Total estimated upfront fees
$330
Comparison Rate*

3.29%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.19%

Fixed - 1 year

Total estimated upfront fees
$330
Comparison Rate*

3.34%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.79%

Fixed - 2 years

Total estimated upfront fees
$330
Comparison Rate*

3.34%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.34%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.35%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.49%

Fixed - 1 year

Total estimated upfront fees
$330
Comparison Rate*

3.37%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.49%

Fixed - 2 years

Total estimated upfront fees
$330
Comparison Rate*

3.38%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.49%

Fixed - 3 years

Total estimated upfront fees
$330
Comparison Rate*

3.39%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.59%

Fixed - 4 years

Total estimated upfront fees
$330
Comparison Rate*

3.44%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.39%

Fixed - 1 year

Total estimated upfront fees
$330
Comparison Rate*

3.45%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.44%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.45%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.44%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.45%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.59%

Fixed - 5 years

Total estimated upfront fees
$330
Comparison Rate*

3.45%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.54%

Fixed - 4 years

Total estimated upfront fees
$330
Comparison Rate*

3.49%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.54%

Fixed - 5 years

Total estimated upfront fees
$330
Comparison Rate*

3.49%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.49%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.50%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.84%

Fixed - 3 years

Total estimated upfront fees
$330
Comparison Rate*

3.60%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.59%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.60%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

2.84%

Fixed - 2 years

Total estimated upfront fees
$330
Comparison Rate*

3.68%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.74%

Fixed - 5 years

Total estimated upfront fees
$330
Comparison Rate*

3.81%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.74%

Fixed - 4 years

Total estimated upfront fees
$330
Comparison Rate*

3.82%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.54%

Fixed - 1 year

Total estimated upfront fees
$330
Comparison Rate*

3.83%

Ongoing fee
$0
Go to site
Company
Aussie
More details
Advertised Rate

3.84%

Variable

Total estimated upfront fees
$330
Comparison Rate*

3.85%

Ongoing fee
$0
Go to site
Company
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.

Interest Rate

Your current home loan interest rate. To accurately calculate how much you could save, an accurate interest figure is required. If you are not certain, check your bank statement or log into your mortgage account.

Why should I get an ING home loan pre-approval?

When you apply for an ING home loan pre-approval, you might be required to provide proof of employment and income, savings, as well as details on any on-going debts. The lender could also make a credit enquiry against your name. If you’re pre-approved, you will know how much money ING is willing to lend you. 

Please note, however, that a pre-approval is nothing more than an idea of your ability to borrow funds and is not the final approval. You should receive the home loan approval  only after finalising the property and submitting a formal loan application to the lender, ING. Additionally, a pre-approval does not stay valid indefinitely, since your financial circumstances and the home loan market could change overnight.

 

 

Can I apply for an ANZ non-resident home loan? 

You may be eligible to apply for an ANZ non-resident home loan only if you meet the following two conditions:

  1. You hold a Temporary Skill Shortage (TSS) visa or its predecessor, the Temporary Skilled Work (subclass 457) visa.
  2. Your job is included in the Australian government’s Medium and Long Term Strategic Skills List. 

However, non-resident home loan applications may need Foreign Investment Review Board (FIRB) approval in addition to meeting ANZ’s Mortgage Credit Requirements. Also, they may not be eligible for loans that require paying for Lender’s Mortgage Insurance (LMI). As a result, you may not be able to borrow more than 80 per cent of your home’s value. However, you can apply as a co-borrower with your spouse if they are a citizen of either Australia or New Zealand, or are a permanent resident.

Can I get a NAB home loan on casual employment?

While many lenders consider casual employees as high-risk borrowers because of their fluctuating incomes, there are a few specialist lenders, such as NAB, which may provide home loans to individuals employed on a casual basis. A NAB home loan for casual employment is essentially a low doc home loan specifically designed to help casually employed individuals who may be unable to provide standard financial documents. However, since such loans are deemed high risk compared to regular home loans, you could be charged higher rates and receive lower maximum LVRs (Loan to Value Ratio, which is the loan amount you can borrow against the value of the property).

While applying for a home loan as a casual employee, you will likely be asked to demonstrate that you've been working steadily and might need to provide group certificates for the last two years. It is at the lender’s discretion to pick either of the two group certificates and consider that to be your income. If you’ve not had the same job for several years, providing proof of income could be a bit of a challenge for you. In this scenario, some lenders may rely on your year to date (YTD) income, and instead calculate your yearly income from that.

Monthly Repayment

Your current monthly home loan repayment. To accurately calculate how much you could save, an accurate payment figure is required. If you are not certain, check your bank statement.

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.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

What is a bad credit home loan?

A bad credit home loan is a mortgage for people with a low credit score. Lenders regard bad credit borrowers as riskier than ‘vanilla’ borrowers, so they tend to charge higher interest rates for bad credit home loans.

If you want a bad credit home loan, you’re more likely to get approved by a small non-bank lender than by a big four bank or another mainstream lender.

What are the responsibilities of a mortgage broker?

Mortgage brokers act as the go-between for borrowers looking for a home loan and the lenders offering the loan. They offer personalised advice to help borrowers choose the right home loan for their needs.

In Australia, mortgage brokers are required by law to carry an Australian Credit License (ACL) if they offer credit assistance services. Which is the legal term for guidance regarding the different kinds of credit offered by lenders, including home loan mortgages. They may not need this license if they are working for an aggregator, for instance, as a franchisee. In both these situations, they need to comply with the regulations laid down by the Australian Securities and Investments Commission (ASIC).

These regulations, which are stipulated by Australian legislation, require mortgage brokers to comply with what are called “responsible lending” and “best interest” obligations. Responsible lending obligations mean brokers have to suggest “suitable” home loans. This means loans that you can easily qualify for,  actually meet your needs, and don’t prove unnecessarily challenging for you.

Starting 1 January 2021, mortgage brokers must comply with best interest obligations in addition to responsible lending obligations. These require mortgage brokers to act in the best interest of their customers and also requires them to prioritise their customers’ interests over their own. For instance, a mortgage broker may not recommend a lender who gives them a commission if that lender’s home loan offer does not benefit that particular customer.

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.

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.

Can I take a personal loan after a home loan?

Are you struggling to pay the deposit for your dream home? A personal loan can help you pay the deposit. The question that may arise in your mind is can I take a home loan after a personal loan, or can you take a personal loan at the same time as a home loan, as it is. The answer is that, yes, provided you can meet the general eligibility criteria for both a personal loan and a home loan, your application should be approved. Those eligibility criteria may include:

  • Higher-income to show repayment capability for both the loans
  • Clear credit history with no delays in bill payments or defaults on debts
  • Zero or minimal current outstanding debt
  • Some amount of savings
  • Proven rent history will be positively perceived by the lenders

A personal loan after or during a home loan may impact serviceability, however, as the numbers can seriously add up. Every loan you avail of increases your monthly installments and the amount you use to repay the personal loan will be considered to lower the money available for the repayment of your home loan.

As to whether you can get a personal loan after your home loan, the answer is a very likely "yes", though it does come with a caveat: as long as you can show sufficient income to repay both the loans on time, you should be able to get that personal loan approved. A personal loan can also help to improve your credit score showing financial discipline and responsibility, which may benefit you with more favorable terms for your home loan.

Does Australia have no-deposit home loans?

Australia no longer has no-deposit home loans – or 100 per cent home loans as they’re also known – because they’re regarded as too risky.

However, some lenders allow some borrowers to take out mortgages with a 5 per cent deposit.

Another option is to source a deposit from elsewhere – either by using a parental guarantee or by drawing out equity from another property.

How can I get ANZ home loan pre-approval?

Shopping for a new home is an exciting experience and getting a pre-approval on the loan may give you the peace of mind that you are looking at properties within your budget. 

At the time of applying for the ANZ Bank home loan pre-approval, you will be required to provide proof of employment and income, along with records of your savings and debts.

An ANZ home loan pre-approval time frame is usually up to three months. However, being pre-approved doesn’t necessarily mean you will get your home loan. Other factors could lead to your home loan application being rejected, even with a prior pre-approval. Some factors include the property evaluation not meeting the bank’s criteria or a change in your financial circumstances.

You can make an application for ANZ home loan pre-approval online or call on 1800100641 Mon-Fri 8.00 am to 8.00 pm (AEST).