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Well Money home loans

Well Money is a non-bank lender with a history stretching back to the 1970s. Well Money is an online-only provider, so it doesn’t have any branches.
Like a lot of other online-only fintechs, Well Money offers low-rate mortgages for ‘vanilla’ borrowers. However, it also has interest-only and low deposit home loan options available for selected borrowers.

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Why choose Well Money


  • Very low interest rates for some borrowers
  • Offset account may be available
  • 90% LVR option available


  • High interest rates for some borrowers
  • High application fees for some loans
  • Extra fee for offset account on some loans

Well Money Home Loans

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

About Well Money home loans

Well Money provides mortgages to owner-occupiers and investors, with a range of interest rate options:

  • Variable rate home loans
  • Fixed rate home loans
  • Principal and interest mortgages
  • Interest-only mortgages

Depending on your loan type and your borrowing profile, you may be able to access an offset account and redraw facility, and you may be able to take out a mortgage with as little as a 10 per cent deposit. Different Well Money products come with different fees.

Well Money home loan rates

Well Home Loans interest rates range from very low to high, depending on the creditworthiness of the borrower and the type of loan they want.

Well Home Loans’ ‘vanilla’ mortgage product, which is aimed at borrowers with a good credit history, has a very low interest rate. Well Home Loans also has mortgages designed for borrowers who have had some credit blemishes in the past or who are currently in ‘bad credit’. These have high interest rates.

Well Home Loans generally follows these criteria when setting interest rates:

  • Principal-and-interest mortgages have lower interest rates than interest-only mortgages
  • Owner-occupied mortgages have lower interest rates than investment mortgages
  • Home loans with low LVRs (loan-to-value ratios) have lower interest rates than home loans with high LVRs
  • Borrowers with better credit histories receive lower interest rates than borrowers with worse credit histories

Well Money home loans review

Several of Well Money’s home loans charge no ongoing fees, unless you want an offset account, which may be an extra charge. 

Borrowers may be able to make extra repayments to help pay their home loan faster, and have access to these payments when they need them thanks to a redraw facility. Split loan options are also available. 

Keep in mind that borrowers may also need to budget for higher than average upfront fees. 

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^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, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.