Reduce Home Loans

Reduce Home Loans is a non-bank home loan provider. It operates online.

What home loans does Reduce 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 Reduce Home Loans 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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Reduce Home Loan features

Depending on which option you choose, Reduce Home Loans may offer the following: 

  • Bridging loan option (typically designed for borrowers who are selling an existing home and buying a new one and who need a short term finance solution)
  • $50,000 minimum home loan
  • 100% offset facility available
  • Home loan term up to 30 years
  • Redraw facility available
  • No fee for early repayment
  • Repayments may be made fortnightly or monthly

The inclusions above represent a selection of the features available with Reduce 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 Reduce 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.

Reduce 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.

Compare Home Loans With Canstar

If you decide to apply for a Reduce home loan, you can make an enquiry online through the Reduce Home Loans website by providing your contact details, your preferred contact time and the loan amount that you would like.

According to the Reduce Home Loans website, you need to meet the following requirements to apply for a loan:

  • You must be over 18
  • You must be an Australian citizen or resident
  • You must not have been declared bankrupt in the past seven years

Once you begin the home loan application process, you may need to provide further documentation, such as proof of your income, assets and expenses.

For more information, contact Reduce Home Loans or visit the Reduce Home Loans website.

At the time of writing Reduce Home Loans says it allows extra repayments on its variable interest home loans. Terms and conditions apply. Contact Reduce Home Loans or visit the 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

At the time of writing, all variable rate Reduce home loans offer a redraw facility. Redrawing funds is not an option for fixed rate home loans, Reduce says. Fees and charges may apply to Reduce customers who use its redraw facility. Contact Reduce Home Loans or visit the website for more details.

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Established in 2010, Reduce Home Loans is an Australian-owned and operated lender. Because Reduce Home Loans is primarily an online lender, it says that its members directly benefit from lower interest rates and overall costs.

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