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'd like to borrow

$

I am an

Loan term

With a repayment type

Your estimated repayments

at interest rate 1.99 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

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

loans.com.au home loans rates

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

1.99%

Intro 12 months

$520

2.47%

$0
View Now
loans.com.au
More details

2.48%

Variable

$520

2.50%

$0
loans.com.au
More details

2.58%

Variable

$520

2.60%

$0
loans.com.au
More details

1.99%

Intro 12 months

$520

2.71%

$0
loans.com.au
More details

1.99%

Intro 12 months

$520

2.71%

$0
loans.com.au
More details

2.09%

Intro 24 months

$520

2.71%

$0
loans.com.au
More details

2.73%

Variable

$520

2.75%

$0
loans.com.au
More details

2.74%

Variable

$300

2.76%

$0 weekly
View Now
loans.com.au
More details

2.79%

Variable

$520

2.81%

$0
loans.com.au
More details

2.79%

Variable

$520

2.81%

$0
loans.com.au
More details

2.84%

Variable

$300

2.86%

$0 weekly
loans.com.au
More details

2.89%

Variable

$520

2.91%

$0
loans.com.au
More details

2.89%

Variable

$520

2.91%

$0
loans.com.au
More details

3.47%

Variable

$520

2.96%

$0
loans.com.au
More details

2.29%

Fixed - 2 years

$300

2.98%

$0
loans.com.au
More details

2.99%

Variable

$300

3.01%

$0 weekly
loans.com.au
More details

2.79%

Fixed - 2 years

$300

3.05%

$0
loans.com.au
More details

2.88%

Fixed - 3 years

$300

3.05%

$0
loans.com.au
More details

2.88%

Fixed - 2 years

$300

3.06%

$0
loans.com.au
More details

2.88%

Fixed - 1 year

$300

3.08%

$0
loans.com.au
More details

3.57%

Variable

$520

3.08%

$0
loans.com.au
More details

3.67%

Variable

$520

3.09%

$0
loans.com.au
More details

3.09%

Variable

$300

3.11%

$0 weekly
loans.com.au
More details

3.09%

Variable

$300

3.11%

$0 weekly
loans.com.au
More details

3.28%

Fixed - 1 year

$520

3.11%

$0
loans.com.au
More details

3.28%

Fixed - 2 years

$520

3.12%

$0
loans.com.au
More details

3.28%

Fixed - 3 years

$520

3.14%

$0
loans.com.au
More details

3.19%

Variable

$300

3.21%

$0 weekly
loans.com.au
More details

2.69%

Fixed - 2 years

$300

3.34%

$0
loans.com.au
More details

3.08%

Fixed - 3 years

$520

3.37%

$0
loans.com.au
More details

3.77%

Variable

$520

3.37%

$0
loans.com.au
More details

2.99%

Fixed - 2 years

$300

3.38%

$0
loans.com.au
More details

3.08%

Fixed - 2 years

$520

3.39%

$0
loans.com.au
More details

3.08%

Fixed - 1 year

$520

3.42%

$0
loans.com.au
More details

3.48%

Fixed - 1 year

$520

3.45%

$0
loans.com.au
More details

3.48%

Fixed - 3 years

$520

3.45%

$0
loans.com.au
More details

3.48%

Fixed - 2 years

$520

3.45%

$0
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 loans.com.au

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.

What is a guarantor?

A guarantor is someone who provides a legally binding promise that they will pay off a mortgage if the principal borrower fails to do so.

Often, guarantors are parents in a solid financial position, while the principal borrower is a child in a weaker financial position who is struggling to enter the property market.

Lenders usually regard borrowers as less risky when they have a guarantor – and therefore may charge lower interest rates or even approve mortgages they would have otherwise rejected.

However, if the borrower falls behind on their repayments, the lender might chase the guarantor for payment. In some circumstances, the lender might even seize and sell the guarantor’s property to recoup their money.

How do I take out a low-deposit home loan?

If you want to take out a low-deposit home loan, it might be a good idea to consult a mortgage broker who can give you professional financial advice and organise the mortgage for you.

Another way to take out a low-deposit home loan is to do your own research with a comparison website like RateCity. Once you’ve identified your preferred mortgage, you can apply through RateCity or go direct to the lender.

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.

What happens when you default on your mortgage?

A mortgage default occurs when you are 90 days or more behind on your mortgage repayments. Late repayments will often incur a late fee on top of the amount owed which will continue to gather interest along with the remaining principal amount.

If you do default on a mortgage repayment you should try and catch up in next month’s payment. If this isn’t possible, and missing payments is going to become a regular issue, you need to contact your lender as soon as possible to organise an alternative payment schedule and discuss further options.

You may also want to talk to a financial counsellor. 

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.

Mortgage Calculator, Repayment Type

Will you pay off the amount you borrowed + interest or just the interest for a period?

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.

Why was Real Time Ratings developed?

Real Time RatingsTM was developed to save people time and money. A home loan is one of the biggest financial decisions you will ever make – and one of the most complicated. Real Time RatingsTM is designed to help you find the right loan. Until now, there has been no place borrowers can benchmark the latest rates and offers when they hit the market. Rates change all the time now and new offers hit the market almost daily, we saw the need for a way to compare these new deals against the rest of the market and make a more informed decision.

What is a debt service ratio?

A method of gauging a borrower’s home loan serviceability (ability to afford home loan repayments), the debt service ratio (DSR) is the fraction of an applicant’s income that will need to go towards paying back a loan. The DSR is typically expressed as a percentage, and lenders may decline loans to borrowers with too high a DSR (often over 30 per cent).

Why is it important to get the most up-to-date information?

The mortgage market changes constantly. Every week, new products get launched and existing products get tweaked. Yet many ratings and awards systems rank products annually or biannually.

We update our product data as soon as possible when lenders make changes, so if a bank hikes its interest rates or changes its product, the system will quickly re-evaluate it.

Nobody wants to read a weather forecast that is six months old, and the same is true for home loan comparisons.

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.