RAMS Home Loans

Rams wins Canstar Outstanding Value Award

RAMS is a provider of home loans, savings and transaction accounts, home insurance and landlord insurance.

What home loans does RAMS offer?

If you’re currently considering a home loan, the comparison table below displays some of the variable rate home loans on our database from RAMS that are available for first home buyers. This table is sorted by Star Rating (highest to lowest), followed by comparison rate (lowest-highest). Products shown are principal and interest home loans available for a loan amount of $350K in NSW with an LVR of 80% of the property value. Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

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RAMS home loan features

Depending on which option you choose, a RAMS home loan may offer the following features:

  • $15,000 minimum and no maximum home loan size
  • 100% offset facility available on selected loans
  • Home loan term up to 30 years
  • Interest only repayments available
  • Loan splitting available
  • Redraw facility available on selected home loans
  • No fee for early repayment on variable loans (break costs may apply to fixed loans)
  • Repayments may be made weekly, fortnightly, or monthly
  • Option to defer repayments for up to six months if taking maternity/parental leave on selected loans

The inclusions above represent a selection of the features available with RAMS home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Please see our comparison tables for more detailed information about the products on offer from this provider. Check upfront with RAMS and please ensure that you read the product disclosure statement (PDS) or other loan documentation to determine all the current loan terms and conditions for the product you are considering and whether it meets your needs, before committing to it.

RAMS Home Loans FAQs

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.

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If you decide to apply for a RAMS home loan, you can do this by making an appointment through its website, requesting a phone call, making an email enquiry, or in person at a RAMS branch.

At the time of writing, RAMS allows extra repayments on its variable home loans and fixed interest home loans (up to $30,000 during the fixed rate period). 

Terms and conditions apply, contact RAMS or visit the RAMS website for details.

To give you an idea of how making extra repayments could save money in interest over the life of your loan, you might like to try our Extra Repayments Calculator.

Home Loans Extra Repayments Calculator

Yes, at the time of writing, RAMS’s variable rate and fixed rate home loans offer a redraw facility. Fixed rate loans require a minimum redraw of $1,000 and charge $10 per redraw.

Further fees and charges may apply to the use of a redraw facility. Contact RAMS or visit the RAMS website for more information.

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Established in 1991 as Registered Australian Mortgage Securities, RAMS began operating in the retail market in 1995. Since then, RAMS states that it has been providing Australians with affordable and simple yet flexible home loans and there are now over 70 RAMS Home Loan Centres in Australia.  

Written by: Eliza Parry-Okeden | Last updated: September 27, 2019