Economizer Variable Home Loan (Principal and Interest)
- Last updated on 12 Aug 2020
based on $300,000 loan amount for 25 years
- No ongoing fees
- Extra repayments + redraw services
- Free redraw facility
- Repayments may decrease if RBA cuts rates
- Repayments may increase if RBA raises rates
Interest rate structure
$50k - $5m
Principal & interest
Loan term range
1 - 30 years
Unlimited extra repayments
Redraw fee: $0
Allows split interest
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Total estimated upfront fees
Other upfront fee
Minimum SMSF Amount
100% offset account available at $10 per month. 0.08% loyalty discount on the interest rate after the 5th anniversary of the loan.
Compare and review home loans with similar features
Owner Occupier Accelerates - Liberate (LVR 70%-80%) (Principal and Interest)
specialAdvertised variable rates takes effect for new and existing customers from 30 Sep 2020, however customers applying for a home loan from Wednesday 12th of August will also receive these rates.
Reduce Home Loans is 100 per cent dedicated to home loans, offering no other financial services. It’s also primarily online, and this simple business model helps Reduce Home Loans keep running costs down and deliver low interest rates.
This Australian owned and operated lender only opened in 2010, so it’s a relative newcomer. However, Reduce Home Loans has won many business awards since, including Money Magazine’s cheapest non-bank home loan in 2016, 2017 and 2018.
You can only check your rates once. However we will send you, via email, the link to the result page so that you may return to it.