WLTH Home Loans

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WLTH is an Australian digital lending and payments provider which is looking to expand into a variety of financial products. It currently offers a range of residential home loans for buyers and investors.

What home loans does WLTH offer?  

At the time of writing, WLTH offers the following home loan options for residential properties:

Home Loan P&I

WLTH Home Loan P&I is a variable rate home loan for owner-occupiers paying principal and interest repayments with a maximum LVR of 95%.

Investment P&I

The WLTH Investment P&I home loan is a variable rate home loan for investors paying principal and interest repayments with a maximum LVR of 90%.

Investment IO

The WLTH Investment IO loan option is an interest only loan designed specifically for the purchase of an investment property with a maximum LVR of 80%.

Investment SMSF

This principal and interest loan is designed for those buying an investment property with a Self Managed Super Fund, and a maximum LVR of 70%.

Canstar does not currently compare WLTH home loans, but you can compare other home loans providers on Canstar’s database:

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WLTH home loan features

The features of your WLTH home loan may depend on the specific home loan that you take out. As an example, some features of a WLTH home loan include:

  • Principal & interest or interest only options for investment property loans
  • No application fees
  • Up to 95% LVR on some loans; Lenders Mortgage Insurance (LMI) may be required 
  • E-offset account 
  • Approval process uses artificial intelligence (AI) and WLTH Decision Engine technology to fast-track the settlement of your loan

The inclusions above represent a selection of the features available with WLTH home loans. Canstar is not making any suggestion or recommendation to you about this product. Additional conditions may apply to different features. Check upfront with WLTH 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.

WLTH home loans FAQs

Before getting started, you might first like to take a look at our how to apply 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. Please note that Canstar does not currently compare WLTH home loan products.

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If you decide to apply for a WLTH home loan, you can do this by filling out an application online through the WLTH website. WLTH says that the application is five steps and takes 15 minutes to complete. You will need to provide details about your income, assets and expenses, upload key documents and verify your identity. WLTH says that its loans specialists are available to assist you five days a week.

WLTH told Canstar that it currently allows extra repayments, direct salary credit and direct deposits on its variable rate home loans. Contact WLTH for more 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

WLTH told Canstar that it does offer a free online redraw facility for its variable rate home loan products. The redraw facility allows customers access to additional funds that have been paid into the home loan. Contact WLTH for further details.

WLTH is an Australian neobank which aims to use AI technology to provide financial products and services. Since its inception in 2019, it has undergone years of planning, branding and software development before the first live loan was written by its Lending Loop platform in 2020. At the time of writing, WLTH has offices in Brisbane and Sydney, with rapid national expansion plans.

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This article was reviewed by our Sub-editor Jacqueline Belesky and Finance Journalist Elise Donaldson before it was published as part of our fact-checking process.

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Written by: Eliza Parry-Okeden | Last updated: February 17, 2021