Aussie Home Loans interest rates & review

Aussie home loans

Aussie is probably best known as a mortgage broking service, but it also offers a range of home loans for homeowners and investors.

What home loans does Aussie offer?

Aussie offers both fixed and variable rate home loans, as well as the option to split home loans, allowing borrowers to combine some of the features of both. If you wish to know more, Canstar has a guide to the different types of home loans available and how they work.

Below we’ve listed a snapshot of Aussie’s owner-occupier home loan interest rates available at the time of writing, for loans with principal and interest repayments and loan-to-value ratios equal to 80%. Interest-only and investment home loans are also available.

Aussie variable rate home loans

Aussie Select Basic Home Loan for new borrowers

  • Interest rate: 2.29%p.a. (comparison rate 2.31%)
  • Fees: $330 documentation fee
  • Features: Unlimited extra repayments without penalty, free online redraw

Aussie Elevate Home Loan for new borrowers

  • Interest rate: 2.19%p.a. (comparison rate 2.23%)
  • Fees: $299 application fee and $199 settlement fee
  • Features: Unlimited extra repayments without penalty, free online redraw, 100% offset account available for a $10 monthly fee (different comparison rate applies)

Aussie Edge Home Loan for new borrowers

  • Interest rate: 2.19%p.a. (comparison rate 2.22%)
  • Fees: $330 settlement fee
  • Features: Full online application, unlimited extra repayments without penalty, free online redraw, 100% offset account available for a $10 monthly fee (different comparison rate applies)

Aussie Activate Home Loan for new borrowers

  • Interest rate: 2.59%p.a. (comparison rate 2.62%)
  • Fees: $440 legal fee
  • Features: Specialist lending for self-employed borrowers, free 100% offset account, free online redraw, unlimited extra repayments without penalty

Aussie fixed rate home loans

Aussie Select Basic Home Loan for new borrowers

  • 1 year interest rate: 2.19%p.a. (comparison rate 2.30%)
  • 2 years interest rate: 2.09%p.a. (comparison rate 2.27%)
  • 3 years interest rate: 2.34%p.a. (comparison rate 2.32%)
  • 4 years interest rate: 2.54%p.a. (comparison rate 2.39%)
  • 5 years interest rate: 2.74%p.a. (comparison rate 2.48%)
  • Fees: $330 documentation fee
  • Features: Split and fix with an Aussie Select variable loan, additional repayments of up to 5% of the loan amount per year

Aussie Elevate Home Loan for new borrowers

  • 1 year interest rate: 1.99%p.a. (comparison rate 2.66%)
  • 2 years interest rate: 2.04%p.a. (comparison rate 2.61%)
  • 3 years interest rate: 2.29%p.a. (comparison rate 2.62%)
  • 4 years interest rate: 2.63%p.a. (comparison rate 2.70%)
  • 5 years interest rate: 2.93%p.a. (comparison rate 2.82%)
  • Fees: $299 application fee and $199 settlement fee
  • Features: Split and fix with an Aussie Elevate variable loan, additional repayments of up to $20,000 per year, free online redraw, 100% offset account available for a $10 monthly fee (different comparison rates apply)

Aussie Edge Home Loan for new borrowers

  • 1 year interest rate: 1.99%p.a. (comparison rate 2.65%)
  • 2 years interest rate: 2.04%p.a. (comparison rate 2.60%)
  • 3 years interest rate: 2.29%p.a. (comparison rate 2.61%)
  • 4 years interest rate: 2.63%p.a. (comparison rate 2.69%)
  • 5 years interest rate: 2.93%p.a. (comparison rate 2.81%)
  • Fees: $330 settlement fee
  • Features: Additional repayments of up to $20,000 per year, free online redraw, 100% offset account available for a $10 monthly fee (different comparison rates apply)

Compare Home Loans

How do I apply for an Aussie home loan?

Before getting started, you might first like to take a look at our applying for a home loan checklist for some pointers, and use the Canstar website to compare home loans with other providers before choosing a product that suits your needs.

If you decide to apply for a Aussie home loan, you may be able to start your application online or by booking an appointment with an Aussie home loan expert for assistance.

Can you make extra repayments on an Aussie home loan?

Yes, Aussie allows you to make unlimited extra repayments on its variable rate home loans. You can also make additional repayments on Aussie Select Basic fixed loans up to 5% of the loan amount per year and up to $20,000 per year on fixed Elevate and Edge loans. Terms and conditions may apply; contact the lender for further details.

Are redraw facilities offered on Aussie home loans?

Yes, Aussie offers redraw facilities with its variable rate home loans, but this feature is not available on its Aussie Select Basic fixed loan. Fees and charges may apply; contact the lender for further details.

About Aussie

Founded almost 30 years ago, Aussie is a mortgage broker company as well as a home loan provider. Aussie currently has access to over 3,000 home loans, and 1,000 mortgage brokers across the country who are able to provide a loan at an Aussie store or by coming to you. In 2021, Aussie merged with Lendi to create Lendi Group.

This content was reviewed as part of our fact-checking process.

Written by: Sean Callery | Last updated: October 1, 2021