loans.com.au home loans

Loans.com.au logoloans.com.au is an online provider of home loans and car loans. Here we give an overview of some of the home loans it offers Australian borrowers at the time of writing.

What home loans does loans.com.au offer?

Loans.com.au offers variable and fixed rate home loans available with principal and interest or interest only repayments for both residential and investor borrowers. 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 loans.com.au’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%.

Loans.com.au variable owner-occupier home loans

Smart Home Loan for new borrowers (up to 80% LVR)

  • Interest rate: 2.48%p.a. (comparison rate 2.50%)
  • Fees: $300 settlement fee, $220 or at-cost valuation fee
  • Features: Full online application, unlimited extra repayments without penalty, free online redraw, add 0.10% to the loan’s interest rate for an offset account (different comparison rate applies)

Smart Booster Home Loan for new borrowers (up to 80% LVR)

  • 1 year intro interest rate: 1.99%p.a. (comparison rate 2.48%)
  • 2 year intro interest rate: 1.85%p.a. (comparison rate 2.21%)
  • Fees: $300 settlement fee, $220 or at cost valuation fee
  • Features: Full online application, unlimited extra repayments without penalty, free online redraw, +0.10% for an offset account (different comparison rate applies)

Loans.com.au fixed owner-occupier home loans for new borrowers

  • 1 year interest rate: 2.59%p.a. (comparison rate 2.61%)
  • 2 years interest rate: 3.19%p.a. (comparison rate 2.70%)
  • 3 years interest rate: 3.54%p.a. (comparison rate 2.81%)
  • Fees: $300 settlement fee, $220 or at cost valuation fee
  • Features: Full online application, additional repayments of up to $10,000 per year

Compare Home Loans

Loans.com.au FAQs

How do I apply for a loans.com.au 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 loans.com.au home loan, you can start your application online and call customer support for further assistance. After starting your application online, you will be invited to book an appointment with a lending specialist to finalise your application.

Can you make extra repayments on a loans.com.au home loan?

Yes, loans.com.au allows you to make unlimited extra repayments on its variable rate home loans, and a maximum of $10,000 per year on its fixed rate home loans. Terms and conditions may apply; contact the lender for further details.

Are redraw facilities offered on loans.com.au home loans?

Yes, loans.com.au offers redraw facilities with its variable and fixed rate home loans, typically for an additional 0.10% in interest per year. Fees and charges may apply; contact the lender for further details.

About loans.com.au

Launched in 2011, loans.com.au is an online provider of home and car loans and based in Brisbane. They have no brick and mortar branches or locations. At the time of writing, customers can access assistance over the phone during business hours, and seven days a week using online chat.

Loans.com.au is backed by parent company Firstmac Limited, which it states is Australia’s largest non-bank lender as of 2017. Firstmac is an Australian-owned home loans and investment lender.

Compare Home Loans with Canstar

Written by: Sean Callery | Last updated: January 25, 2022