Compare home loans with low upfront fees

Find home loans from a wide range of Australian lenders that best suit your needs, whether you're investing, refinancing or looking to buy your first home. Compare interest rates, mortgage repayments, fees and more. - Last updated on 16 Dec 2019

Compare low upfront fees home loans

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Home loans with low upfront fees

There can be many unexpected costs attached to home ownership and the process of getting a home loan. Upfront fees are clear and obvious ways home loan providers recoup some of the cost of their investment when providing the loan to you. Low upfront fees are one way in which home loan providers attract people to sign up to a particular home loan. These, however, may have higher interest rates long term or have extra hidden fees along the way. It is imperative that you research all sides of the home loan including upfront costs before committing to a home loan.

What are the types of upfront fees?

There are many types of upfront fees home loan providers can attach to a loan. They will vary on cost and type depending on the provider and whether you have chosen a fixed or variable interest home loan. The home loan application, sometimes called the establishment fee, will in most cases be an upfront fee charged by the home loan provider. These fees can sometimes be considerable and are compulsory before the loan can be moved onto the next stage.

A valuation fee, charged for the cost of an accredited valuer to access you property, may be separate to the application fee or be coupled with it. Similarly, the home loan provider’s legal fees may also be included in the initial fee or as an additional fee. Also, depending on your situation, you may have to pay the lender’s mortgage insurance fee. This protects your home loan provider if you default on your loan and it will depend on the size of your loan and the value of your property. 

Which home loans come with low upfront fees?

While many home loans come with some upfront fees or administration fees, it is possible to locate home loans with minimal upfront charges. Most home loan providers will require you to pay an upfront application fee that may be reduced to be competitive with other providers. However, if you are not asked to pay this upfront fee there could be increased or hidden fees or charges during the life of the loan. Some mortgage comparison websites do have the option to compare upfront fees and are a clear and quick way to compare costs. 

Should I get a home loan with low upfront fees? 

Home loans with low upfront fees do not suit everyone. Before making a decision you should look at the overall costs of the home loan from beginning to end. While one home loan may look cheaper due to decreased upfront fees, these types of loans may have higher interest rates or more ongoing fees. All costs should be compared before entering into a loan agreement.


Mark Bristow is a senior financial writer for RateCity. Working for over ten years, Mark previously wrote and researched commercial real estate at CoreLogic, consumer technology at Appliances Online, and most recently, personal finance for RateCity. Whatever the topic, Mark’s goal is always to provide simple solutions to complex problems.


^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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