Well Home Loans is a non-bank lender with a history stretching back more than 40 years. Well Home Loans is an online-only provider, so it doesn’t have any branches.

Like a lot of other online-only providers, Well Home Loans offers low-rate mortgages for ‘vanilla’ borrowers. However, it also has home loans that cater to specialist borrowers and bad credit borrowers.

Well Home Loans specialises in mortgages – it doesn’t offer any other products.

Borrowing Amount

Property Value

Rate Type

Well Home Loans home loans rates

Advertised rate
Upfront fee
Comparison rate*
Ongoing fee
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More details

  • Very low interest rates for some borrowers
  • Offset account may be available
  • 95% LVR option available
  • High interest rates for some borrowers
  • High application fees for some loans
  • Mortgage risk fee for some borrowers


Mortgage brokers are finance professionals who help borrowers organise home loans with lenders. As such, they act as middlemen between borrowers and lenders.

While bank staff recommend home loan products only from their own employer, brokers are independent, so they can recommend products from a range of institutions.

Brokers need to be accredited with a particular lender to be able to work with that lender. A typical broker will be accredited with anywhere from 10 to 30 lenders – the big four banks, as well as a range of smaller banks, credit unions and non-bank lenders.

As a general rule, brokers don’t charge consumers for their services; instead, they receive commissions from lenders whenever they place a borrower with that institution.

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