loans.com.au home loan repayment calculator

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

  • Loans have flexible options
  • Most loans have low fees
  • Loans have a fast approval process
  • No branch network
  • Loans have discharge fees

loans.com.au home loans rates

Advertised Rate

1.99%

Intro 12 months

Total estimated upfront fees
$520
Comparison Rate*

2.47%

Ongoing fee
$0
Go to site
Company
loans.com.au

Winner of Best refinance home loan, Best variable, RateCity Gold Awards 2021

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Advertised Rate

2.48%

Variable

Total estimated upfront fees
$520
Comparison Rate*

2.50%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

1.99%

Fixed - 3 years

Total estimated upfront fees
$520
Comparison Rate*

2.70%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

1.99%

Intro 12 months

Total estimated upfront fees
$520
Comparison Rate*

2.71%

Ongoing fee
$0
Go to site
Company
loans.com.au

Winner of Best investment home loan, RateCity Gold Awards 2021

More details
Advertised Rate

1.99%

Intro 12 months

Total estimated upfront fees
$520
Comparison Rate*

2.71%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.09%

Intro 24 months

Total estimated upfront fees
$520
Comparison Rate*

2.71%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.73%

Variable

Total estimated upfront fees
$520
Comparison Rate*

2.75%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.74%

Variable

Total estimated upfront fees
$300
Comparison Rate*

2.76%

Ongoing fee
$0 weekly
Go to site
Company
loans.com.au
More details
Advertised Rate

2.79%

Variable

Total estimated upfront fees
$520
Comparison Rate*

2.81%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.79%

Variable

Total estimated upfront fees
$520
Comparison Rate*

2.81%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.47%

Variable

Total estimated upfront fees
$520
Comparison Rate*

2.96%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.29%

Fixed - 2 years

Total estimated upfront fees
$300
Comparison Rate*

2.98%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.99%

Variable

Total estimated upfront fees
$300
Comparison Rate*

3.01%

Ongoing fee
$0 weekly
Go to site
Company
loans.com.au
More details
Advertised Rate

2.79%

Fixed - 2 years

Total estimated upfront fees
$300
Comparison Rate*

3.05%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.88%

Fixed - 3 years

Total estimated upfront fees
$300
Comparison Rate*

3.05%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.88%

Fixed - 2 years

Total estimated upfront fees
$300
Comparison Rate*

3.06%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.88%

Fixed - 1 year

Total estimated upfront fees
$300
Comparison Rate*

3.08%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.57%

Variable

Total estimated upfront fees
$520
Comparison Rate*

3.08%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.67%

Variable

Total estimated upfront fees
$520
Comparison Rate*

3.09%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.09%

Variable

Total estimated upfront fees
$300
Comparison Rate*

3.11%

Ongoing fee
$0 weekly
Go to site
Company
loans.com.au
More details
Advertised Rate

3.28%

Fixed - 1 year

Total estimated upfront fees
$520
Comparison Rate*

3.11%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.28%

Fixed - 2 years

Total estimated upfront fees
$520
Comparison Rate*

3.12%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.28%

Fixed - 3 years

Total estimated upfront fees
$520
Comparison Rate*

3.14%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.69%

Fixed - 2 years

Total estimated upfront fees
$300
Comparison Rate*

3.34%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.08%

Fixed - 3 years

Total estimated upfront fees
$520
Comparison Rate*

3.37%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.77%

Variable

Total estimated upfront fees
$520
Comparison Rate*

3.37%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

2.99%

Fixed - 2 years

Total estimated upfront fees
$300
Comparison Rate*

3.38%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.08%

Fixed - 2 years

Total estimated upfront fees
$520
Comparison Rate*

3.39%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.08%

Fixed - 1 year

Total estimated upfront fees
$520
Comparison Rate*

3.42%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.48%

Fixed - 3 years

Total estimated upfront fees
$520
Comparison Rate*

3.45%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.48%

Fixed - 1 year

Total estimated upfront fees
$520
Comparison Rate*

3.45%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details
Advertised Rate

3.48%

Fixed - 2 years

Total estimated upfront fees
$520
Comparison Rate*

3.45%

Ongoing fee
$0
Go to site
Company
loans.com.au
More details

loans.com.au customer service

Being an online-only lender means loans.com.au customers don’t have access to a branch network. However, loans.com.au offers plenty of flexible and convenient contact options like online live chat. In addition, loan customers can contact the loans.com.au customer support line 7 days a week or can request a call back using the online enquiry form. Customers also have the option of emailing customer care directly. 

✓     Customer service centre (phone)

✓     Mobile app

✓     Online banking

✓     Email

✓     Live Chat

How to apply for a loans.com.au home loan

Borrowers keen to apply for a loans.com.au home loan can do so by filling out an online application form or calling the bank’s loan hotline. 

Before applying for a loans.com.au home loan, consider what you can afford to borrow and what other costs you need to include. 

To apply for a loan with loans.com.au, you will need to supply the following information:

  • Personal identity information.
  • Proof of income and employment.
  • Bank statements
  • Details of your current debts, liabilities and assets

Once you have filled out the initial information, you'll be put in touch with an online lending manager to finalise your loan. 

Loans.com.au home loans review

Loans.com.au is an online-only lender, known for offering competitive interest rates. A potential customer would need to be comfortable managing their mortgage online or over the phone. Options are available for borrowers looking to buy, refinance or build a property, either as a home to live in or an investment property.  

The interest rates on loans.com.au home loans are generally lower for owner-occupiers than they are for investors. Generally, if you have a lower loan-to-value ratio (LVR), or choose a home loan with fewer features, (e.g. without an offset account), your interest rate may be lower. As well as variable rates, options are available to fix your rate for up to three years.

Many of loans.com.au’s home loans are available without upfront or ongoing fees, though a rate lock fee applies for fixed rate loans, and other charges may apply.

Loans.com.au home loans allow borrowers to make extra repayments, though there are limits for fixed rate loans. Redraw facilities are also available for selected loans, as is the option to split the loan between fixed and variable interest rates. An offset account is only available on selected home loans.

Learn more about home loans

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).

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.

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.

How long does Bankwest take to approve home loans?

Full approval for a home loan usually involves a property valuation, which, Bankwest suggests, can take “a week or two”. As a result, getting your home loan approved may take longer. However, you may get full approval within this time if you applied for and received conditional approval, sometimes called a pre-approval, from Bankwest before finalising the home you want to buy.  

Another way of speeding up approvals can be by completing, signing, and submitting your home loan application digitally. Essentially, you give the bank or your mortgage broker a copy of your home’s sale contract and then complete the rest of the steps online. Bankwest has claimed this cuts the approval time to less than four days, although this may only happen if your income and credit history can be verified easily, or if your home’s valuation doesn’t take time.

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.

 

 

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.

When should I switch home loans?

The answer to this question is dependent on your personal circumstances – there is no best time for refinancing that will apply to everyone.

If you want a lower interest rate but are happy with the other aspects of your loan it may be worth calling your lender to see if you can negotiate a better deal. If you have some equity up your sleeve – at least 20 per cent – and have done your homework to see what other lenders are offering new customers, pick up the phone to your bank and negotiate. If they aren’t prepared to offer you lower rate or fees, then you’ve already done the research, so consider switching.

Who has the best home loan?

Determining who has the ‘best’ home loan really does depend on your own personal circumstances and requirements. It may be tempting to judge a loan merely on the interest rate but there can be added value in the extras on offer, such as offset and redraw facilities, that aren’t available with all low rate loans.

To determine which loan is the best for you, think about whether you would prefer the consistency of a fixed loan or the flexibility and potential benefits of a variable loan. Then determine which features will be necessary throughout the life of your loan. Thirdly, consider how much you are willing to pay in fees for the loan you want. Once you find the perfect combination of these three elements you are on your way to determining the best loan for you. 

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 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.

Does Australia have no cost refinancing?

No Cost Refinancing is an option available in the US where the lender or broker covers your switching costs, such as appraisal fees and settlement costs. Unfortunately, no cost refinancing isn’t available in Australia.

Can I change jobs while I am applying for a home loan?

Whether you’re a new borrower or you’re refinancing your home loan, many lenders require you to be in a permanent job with the same employer for at least 6 months before applying for a home loan. Different lenders have different requirements. 

If your work situation changes for any reason while you’re applying for a mortgage, this could reduce your chances of successfully completing the process. Contacting the lender as soon as you know your employment situation is changing may allow you to work something out. 

If I don't like my new lender after I refinance, can I go back to my previous lender?

If you wish to return to your previous lender after refinancing, you will have to go through the refinancing process again and pay a second set of discharge and upfront fees. 

Therefore, before you refinance, it’s important to weigh up the new prospective lender against your current lender in a number of areas, including fees, flexibility, customer service and interest rate.

Can I refinance if I have other products bundled with my home loan?

If your home loan was part of a package deal that included access to credit cards, transaction accounts or term deposits from the same lender, switching all of these over to a new lender can seem daunting. However, some lenders offer to manage part of this process for you as an incentive to refinance with them – contact your lender to learn more about what they offer.

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.