Yellow Brick Road home loan repayment calculator

Thinking about taking out a home loan with Yellow Brick Road? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how Yellow Brick Road home loans compare with other options.

I'd like to borrow

$

I am an

Loan term

With a repayment type

Your estimated repayments

at interest rate 2.57 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Wide network of branches and financial consultants.
  • Loans have competitive interest rates.
  • Opportunity to bundle loans into an Empower Package.
  • Some loans have ongoing fees.
  • Some loans have limited features.

Yellow Brick Road home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.57%

Fixed - 3 years

$480

2.76%

$0 monthly
Yellow Brick Road
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2.52%

Fixed - 2 years

$480

2.77%

$0 monthly
Yellow Brick Road
More details

2.52%

Fixed - 1 year

$480

2.79%

$0 monthly
Yellow Brick Road
More details

2.77%

Variable

$480

2.83%

$0 monthly
Yellow Brick Road
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2.77%

Variable

$480

2.83%

$0 monthly
Yellow Brick Road
More details

2.81%

Variable

$396

2.84%

$0
Yellow Brick Road
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2.84%

Variable

$396

2.87%

$0
Yellow Brick Road
More details

2.94%

Variable

$396

2.97%

$0
Yellow Brick Road
More details

2.69%

Variable

$396

3.02%

$0
Yellow Brick Road
More details

2.99%

Variable

$396

3.02%

$0
Yellow Brick Road
More details

2.68%

Fixed - 3 years

$480

3.11%

$0 monthly
Yellow Brick Road
More details

2.63%

Fixed - 2 years

$480

3.13%

$0 monthly
Yellow Brick Road
More details

2.94%

Fixed - 3 years

$480

3.13%

$0 monthly
Yellow Brick Road
More details

3.09%

Variable

$480

3.13%

$0 monthly
Yellow Brick Road
More details

3.09%

Variable

$480

3.13%

$0 monthly
Yellow Brick Road
More details

2.89%

Fixed - 2 years

$480

3.14%

$0 monthly
Yellow Brick Road
More details

3.12%

Variable

$396

3.15%

$0
Yellow Brick Road
More details

2.89%

Fixed - 1 year

$480

3.16%

$0 monthly
Yellow Brick Road
More details

3.14%

Variable

$396

3.17%

$0
Yellow Brick Road
More details

2.63%

Fixed - 1 year

$480

3.18%

$0 monthly
Yellow Brick Road
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3.05%

Fixed - 3 years

$480

3.20%

$0 monthly
Yellow Brick Road
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3.05%

Fixed - 5 years

$480

3.28%

$0 monthly
Yellow Brick Road
More details

3.05%

Fixed - 4 years

$480

3.30%

$0 monthly
Yellow Brick Road
More details

3.00%

Fixed - 2 years

$480

3.35%

$0 monthly
Yellow Brick Road
More details

3.00%

Fixed - 1 year

$480

3.38%

$0 monthly
Yellow Brick Road
More details

3.34%

Variable

$480

3.40%

$0 monthly
Yellow Brick Road
More details

3.34%

Variable

$480

3.40%

$0 monthly
Yellow Brick Road
More details

3.17%

Variable

$480

3.43%

$0 monthly
Yellow Brick Road
More details

3.37%

Variable

$480

3.43%

$0 monthly
Yellow Brick Road
More details

3.05%

Fixed - 3 years

$480

3.46%

$0 monthly
Yellow Brick Road
More details

3.55%

Fixed - 4 years

$480

3.47%

$0 monthly
Yellow Brick Road
More details

3.55%

Fixed - 5 years

$480

3.49%

$0 monthly
Yellow Brick Road
More details

3.54%

Variable

$396

3.57%

$0
Yellow Brick Road
More details

3.52%

Variable

$480

3.58%

$0 monthly
Yellow Brick Road
More details

3.55%

Variable

$396

3.58%

$0
Yellow Brick Road
More details

3.00%

Fixed - 2 years

$480

3.64%

$0 monthly
Yellow Brick Road
More details

3.60%

Variable

$891

3.66%

$0
Yellow Brick Road
More details

3.60%

Variable

$891

3.66%

$0
Yellow Brick Road
More details

3.64%

Variable

$396

3.67%

$0
Yellow Brick Road
More details

3.55%

Fixed - 5 years

$480

3.69%

$0 monthly
Yellow Brick Road
More details

3.00%

Fixed - 1 year

$480

3.70%

$0 monthly
Yellow Brick Road
More details

3.55%

Fixed - 4 years

$480

3.71%

$0 monthly
Yellow Brick Road
More details

3.72%

Variable

$480

3.78%

$0 monthly
Yellow Brick Road
More details

3.77%

Variable

$480

3.83%

$0 monthly
Yellow Brick Road
More details

4.05%

Variable

$891

4.11%

$0
Yellow Brick Road
More details

4.05%

Variable

$891

4.11%

$0
Yellow Brick Road
More details

4.10%

Variable

$891

4.16%

$0
Yellow Brick Road
More details

4.22%

Variable

$480

4.28%

$0 monthly
Yellow Brick Road
More details

4.25%

Variable

$891

4.31%

$0
Yellow Brick Road
More details

4.30%

Variable

$891

4.36%

$0
Yellow Brick Road
More details

4.50%

Variable

$891

4.56%

$0
Yellow Brick Road
More details

Yellow Brick Road customer service

Yellow Brick Road customers can contact a local broker by calling the customer service hotline, filling out the online enquiry form or popping into their local Yellow Brick Road branch.

✓     Customer service centre (phone)

✓     Mobile app

✓     Online banking

✓     Email

✓     Branch

✓     Mobile banking staff

How to Apply

Customers wanting to apply for a Yellow Brick Road home loan can apply by filling out an enquiry form or by meeting with their local Yellow Brick Road Wealth Adviser. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This will include:

  • Name and contact details of each borrower.
  • Proof of income and employment including pay slips.
  • List of income and expenses including credit card loans and car loans.

Learn more about Yellow Brick Road

Are bad credit home loans dangerous?

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

How can I get a home loan with bad credit?

If you want to get a home loan with bad credit, you need to convince a lender that your problems are behind you and that you will, indeed, be able to repay a mortgage.

One step you might want to take is to visit a mortgage broker who specialises in bad credit home loans (also known as ‘non-conforming home loans’ or ‘sub-prime home loans’). An experienced broker will know which lenders to approach, and how to plead your case with each of them.

Two points to bear in mind are:

  • Many home loan lenders don’t provide bad credit mortgages
  • Each lender has its own policies, and therefore favours different things

If you’d prefer to directly approach the lender yourself, you’re more likely to find success with smaller non-bank lenders that specialise in bad credit home loans (as opposed to bigger banks that prefer ‘vanilla’ mortgages). That’s because these smaller lenders are more likely to treat you as a unique individual rather than judge you according to a one-size-fits-all policy.

Lenders try to minimise their risk, so if you want to get a home loan with bad credit, you need to do everything you can to convince lenders that you’re safer than your credit history might suggest. If possible, provide paperwork that shows:

  • You have a secure job
  • You have a steady income
  • You’ve been reducing your debts
  • You’ve been increasing your savings

Who offers 40 year mortgages?

Home loans spanning 40 years are offered by select lenders, though the loan period is much longer than a standard 30-year home loan. You're more likely to find a maximum of 35 years, such as is the case with Teacher’s Mutual Bank

Currently, 40 year home loan lenders in Australia include AlphaBeta Money, BCU, G&C Mutual Bank, Pepper, and Sydney Mutual Bank.

Even though these lengthier loans 35 to 40 year loans do exist on the market, they are not overwhelmingly popular, as the extra interest you pay compared to a 30-year loan can be over $100,000 or more.

What is a debt service ratio?

A method of gauging a borrower’s home loan serviceability (ability to afford home loan repayments), the debt service ratio (DSR) is the fraction of an applicant’s income that will need to go towards paying back a loan. The DSR is typically expressed as a percentage, and lenders may decline loans to borrowers with too high a DSR (often over 30 per cent).

Can I change jobs while I am applying for a home loan?

Whether you’re a new borrower or you’re refinancing your home loan, many lenders require you to be in a permanent job with the same employer for at least 6 months before applying for a home loan. Different lenders have different requirements. 

If your work situation changes for any reason while you’re applying for a mortgage, this could reduce your chances of successfully completing the process. Contacting the lender as soon as you know your employment situation is changing may allow you to work something out. 

How will Real Time Ratings help me find a new home loan?

The home loan market is complex. With almost 4,000 different loans on offer, it’s becoming increasingly difficult to work out which loans work for you.

That’s where Real Time RatingsTM can help. Our system automatically filters out loans that don’t fit your requirements and ranks the remaining loans based on your individual loan requirements and preferences.

Best of all, the ratings are calculated in real time so you know you’re getting the most current information.

I can't pick a loan. Should I apply to multiple lenders?

Applying for home loans with multiple lenders at once can affect your credit history, as multiple loan applications in short succession can make you look like a risky borrower. Comparing home loans from different lenders, assessing their features and benefits, and making one application to a preferred lender may help to improve your chances of success

What are the responsibilities of a mortgage broker?

Mortgage brokers act as the go-between for borrowers looking for a home loan and the lenders offering the loan. They offer personalised advice to help borrowers choose the right home loan for their needs.

In Australia, mortgage brokers are required by law to carry an Australian Credit License (ACL) if they offer credit assistance services. Which is the legal term for guidance regarding the different kinds of credit offered by lenders, including home loan mortgages. They may not need this license if they are working for an aggregator, for instance, as a franchisee. In both these situations, they need to comply with the regulations laid down by the Australian Securities and Investments Commission (ASIC).

These regulations, which are stipulated by Australian legislation, require mortgage brokers to comply with what are called “responsible lending” and “best interest” obligations. Responsible lending obligations mean brokers have to suggest “suitable” home loans. This means loans that you can easily qualify for,  actually meet your needs, and don’t prove unnecessarily challenging for you.

Starting 1 January 2021, mortgage brokers must comply with best interest obligations in addition to responsible lending obligations. These require mortgage brokers to act in the best interest of their customers and also requires them to prioritise their customers’ interests over their own. For instance, a mortgage broker may not recommend a lender who gives them a commission if that lender’s home loan offer does not benefit that particular customer.

Do mortgage brokers need a consumer credit license?

In Australia, mortgage brokers are defined by law as being credit service or assistance providers, meaning that they help borrowers connect with lenders. Mortgage brokers may not always need a consumer credit license however if they’re operating solo they will need an Australian Credit License (ACL). Further, they may also need to comply with requirements asking them to mention their license number in full.

Some mortgage brokers can be “credit representatives”, or franchisees of a mortgage aggregator. In this case, if the aggregator has a license, the mortgage broker need not have one. The reasoning for this is that the franchise agreement usually requires mortgage brokers to comply with the laws applicable to the aggregator. If you’re speaking to a mortgage broker, you can ask them if they receive commissions from lenders, which is a good indicator that they need to be licensed. Consider requesting their license details if they don’t give you the details beforehand. 

You should remember that such a license protects you if you’re given incorrect or misleading advice that results in a home loan application rejection or any financial loss. Brokers are regulated by the Australian Securities & Investment Commission (ASIC), as per the National Consumer Credit Protection (NCCP) Act. 

How to break up with your mortgage broker

If you find a mortgage broker giving you generic advice or trying to sell you a competitive offer from an unsuitable lender, you might be better off  breaking up with the mortgage broker and consulting someone else. Breaking up with a mortgage broker can be done over the phone, or via email. You can also raise a complaint, either with the broker’s aggregator or with the Australian Financial Complaints Authority as necessary.

As licensed industry professionals, mortgage brokers have the responsibility of giving you accurate advice so that you know what to expect when you apply for a home loan. You may have approached the mortgage broker, for instance, because you have questions about the terms of a home loan a lender offered you. 

You should remember that mortgage brokers are obliged by law to act in your best interests and as part of complying with The Australian Securities and Investments Commission’s (ASIC) regulations. If you feel you didn’t get the right advice from the mortgage broker, or that you lost money as a result of accepting the broker’s suggestions regarding a lender or home loan offer, you can file a complaint with the ASIC and seek compensation. 

When you first speak to a mortgage broker, consider asking them about their Lender Panel, which is the list of lenders they usually recommend and who may pay them a commission. This information can help you decide if the advice they give you has anything to do with the remuneration they may receive from one or more lenders.

How do I take out a low-deposit home loan?

If you want to take out a low-deposit home loan, it might be a good idea to consult a mortgage broker who can give you professional financial advice and organise the mortgage for you.

Another way to take out a low-deposit home loan is to do your own research with a comparison website like RateCity. Once you’ve identified your preferred mortgage, you can apply through RateCity or go direct to the lender.

What happens when you default on your mortgage?

A mortgage default occurs when you are 90 days or more behind on your mortgage repayments. Late repayments will often incur a late fee on top of the amount owed which will continue to gather interest along with the remaining principal amount.

If you do default on a mortgage repayment you should try and catch up in next month’s payment. If this isn’t possible, and missing payments is going to become a regular issue, you need to contact your lender as soon as possible to organise an alternative payment schedule and discuss further options.

You may also want to talk to a financial counsellor. 

How personalised is my rating?

Real Time Ratings produces instant scores for loan products and updates them based what you tell us about what you’re looking for in a loan. In that sense, we believe the ratings are as close as you get to personalised; the more you tell us, the more we customise to ratings to your needs. Some borrowers value flexibility, while others want the lowest cost loan. Your preferences will be reflected in the rating. 

We also take a shorter term, more realistic view of how long borrowers hold onto their loan, which gives you a better idea about the true borrowing costs. We take your loan details and calculate how much each of the relevent loans would cost you on average each month over the next five years. We assess the overall flexibility of each loan and give you an easy indication of which ones are likely to adjust to your needs over time. 

Do other comparison sites offer the same service?

Real Time RatingsTM is the only online system that ranks the home loan market based on your personal borrowing preferences. Until now, home loans have been rated based on outdated data. Our system is unique because it reacts to changes as soon as we update our database.

How does Real Time Ratings work?

Real Time RatingsTM looks at your individual home loan requirements and uses this information to rank every applicable home loan in our database out of five.

This score is based on two main factors – cost and flexibility.

Cost is calculated by looking at the interest rates and fees over the first five years of the loan.

Flexibility is based on whether a loan offers features such as an offset account, redraw facility and extra repayments.

Real Time RatingsTM also includes the following assumptions:

  • Costs are calculated on the current variable rate however they could change in the future.
  • Loans are assumed to be principal and interest
  • Fixed-rate loans with terms greater than five years are still assessed on a five-year basis, so 10-year fixed loans are assessed as being only five years’ long.
  • Break costs are not included.