Yard home loans

Yard has home loans available for owner-occupiers and investors, whether they are buying or refinancing. Variable, fixed and split interest rates are available, and it’s possible to borrow with an LVR of up to 95%. Other features of Yard’s home loans include 100% offset accounts, the option to make extra repayments, and redraw facilities.

Borrowers selling one property and buying another may be able to get a bridging loan from Yard, while those building a brand new home can apply for a construction loan.

And if you have a self-managed super fund, you may be able to invest in property to benefit your fund through an SMSF loan from Yard.

Mark Bristow

Personal Finance Editor

Content updated

17 Oct, 2022

Product data updated

20 Apr, 2024

Why choose Yard

Benefits

Online application process
No application fee
Guarantor option available

Drawbacks

No branch access
Annual fee on offset account
Discharge fee

Home Loans calculator

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

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at interest rate 5%

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How to Apply

You can apply for a Yard home loan at the Yard website, using your computer or smart device.

When you apply, you'll need to provide an Australian driver’s licence, passport or Medicare card. You'll also need to take a selfie on your mobile phone to verify your identity. Yard will also need to know the address the property you're buying, or the postcode of the area where you're interested in buying.

Using Yard's online application form, you can securely share your financial details, so Yard can verify your identity, credit history and financials online.

You can then select the home loan features and benefits you're interested in, and work out the interest rate and repayment schedule before you submit your application.

About Yard home loans

Borrowers selling one property and buying another may be able to get a bridging loan from Yard, while those building a brand new home can apply for a construction loan.

And if you have a self-managed super fund, you may be able to invest in property to benefit your fund through an SMSF loan from Yard.

Yard home loan rates

Interest rates on Yard home loans vary from very low to moderate. Yard’s interest-only loans tend to have higher interest rates than its principal and interest loans, and the maximum interest-only period is 5 years.

The exact rate you’ll receive may also depend whether you’re an owner occupier or an investor, as well as your employment status and your credit history.

Split rate home loans are also available from Yard, where you’re charged interest at a variable rate on part of your mortgage, and at a fixed rate on the remainder.

Yard home loans review

Yard offers home loans for a wide range of different types of borrowers. As an online-only lender, Yard is able to offer lower mortgage interest rates than many large banks, and you can quickly apply for your home loan online, supported by the Yard team. However, operating online means you won’t have the option to visit a branch to discuss your loan in person.

Yard does not charge application fees when you apply for its home loans. However, it does charge valuation, legal, and settlement fees, plus an annual fee if you have an offset account.

Borrowers seeking to apply for a home loan with the help of a guarantor may be able to do so through Yard, which offers Family Pledge and Family Guarantee home loans. By guaranteeing up to 20% of the purchase price for a new property, the borrower can apply for a loan with a smaller deposit without having to pay for Lenders Mortgage Insurance (LMI).

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. Focused primarily on Australian mortgage and home loan expertise, he has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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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.

Yard home loans

Why choose Yard

Benefits

Drawbacks

Yard Home Loans