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
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1.99%

Fixed - 4 years

$330

2.39%

$0
Aussie
More details

2.14%

Fixed - 3 years

$330

2.47%

$0
Aussie
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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 - 5 years

$330

3.49%

$0
Aussie
More details

3.54%

Fixed - 4 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.

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 bridging finance?

A loan of shorter duration taken to buy a new property before a borrower sells an existing property, usually taken to cover the financial gap that occurs while buying a new property without first selling an older one.

Usually, these loans have higher interest rates and a shorter repayment duration.

Does each product always have the same rating?

No, the rating you see depends on a number of factors and can change as you tell us more about your loan profile and preferences. The reasons you may see a different rating:

  • Lenders have made changes. Our ratings show the relative competitiveness of all the products listed at a given time. As the listing change, so do the ratings.
  • You have updated you profile. If you increase your loan amount, the impact of different rates and fees will change which loans are the lowest cost for you.
  • You adjust your preferences. The more you search for flexible loan features, the more importance we assign to the Flexibility Score. You can also adjust your Flexibility Weighting yourself, which will recalculate the ratings with preference given to more flexible loans.

What is an ombudsman?

An complaints officer – previously referred to as an ombudsman -looks at formal complaints from customers about their credit providers, and helps to find a fair and independent solution to these problems.

These services are handled by the Australian Financial Complaints Authority, a non-profit government organisation that addresses and resolves financial disputes between customers and financial service providers.

What is the ratings scale?

The ratings are between 0 and 5, shown to one decimal point, with 5.0 as the best. The ratings should be used as an easy guide rather than the only thing you consider. For example, a product with a rating of 4.7 may or may not be better suited to your needs than one with a rating of 4.5, but both are probably much better than one with a rating of 1.2.

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.

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.

Remaining loan term

The length of time it will take to pay off your current home loan, based on the currently-entered mortgage balance, monthly repayment and interest rate.

What is the flexibility score?

Today’s home loans often try to lure borrowers with a range of flexible features, including offset accounts, redraw facilities, repayment frequency options, repayment holidays, split loan options and portability. Real Time Ratings™ weights each of these features based on popularity and gives loans a ‘flexibility score’ based on how much they cater to borrowers’ needs over time. The aim is to give a higher score to loans which give borrowers more features and options.

What does going guarantor' mean?

Going guarantor means a person offers up the equity in their home as security for your loan. This is a serious commitment which can have major repercussions if the person is not able to make their repayments and defaults on their loan. In this scenario, the bank will legally be able to the guarantor until the debt is settled.

Not everyone can be a guarantor. Lenders will generally only allow immediate family members to act as a guarantor but this can sometimes be stretched to include extended family depending on the circumstances.

Mortgage Calculator, Deposit

The proportion you have already saved to go towards your home. 

How much are repayments on a $250K mortgage?

The exact repayment amount for a $250,000 mortgage will be determined by several factors including your deposit size, interest rate and the type of loan. It is best to use a mortgage calculator to determine your actual repayment size.

For example, the monthly repayments on a $250,000 loan with a 5 per cent interest rate over 30 years will be $1342. For a loan of $300,000 on the same rate and loan term, the monthly repayments will be $1610 and for a $500,000 loan, the monthly repayments will be $2684.

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.

How can I get a home loan with no deposit?

Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.