Athena Home Loans

Read on to compare Athena's key mortgage rates and the features they have.

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Athena Home Loans

Athena is a digital direct lender backed by Macquarie Bank, Square Peg, Hostplus, Rice Warner, Apex Capital, RESIMAC Group and AirTree Ventures. Launched in February 2019, Athena only offers home loans for people looking to refinance. The non-bank has branded itself “the home loan wrecker”, offering home loan products that could help customers save money and shorten the life of their loan.

Compare Athena Mortgage Rates

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details
YOU COULD WIN $100k TO PAY DOWN YOUR LOAN*

Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)

  • For a chance to win $100K towards your home loan, apply with Athena before Oct 31 & be approved by Dec 15
  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
YOU COULD WIN $100k TO PAY DOWN YOUR LOAN*

Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)

  • For a chance to win $100K towards your home loan, apply with Athena before Oct 31 & be approved by Dec 15
  • We lower your rate based off how much you’ve paid down your loan
  • Automatic rate match
VariableMore details
YOU COULD WIN $100k TO PAY DOWN YOUR LOAN*
  • Lower your rate the more you pay off your loan
  • Automatic rate match
  • No on-going fees
YOU COULD WIN $100k TO PAY DOWN YOUR LOAN*
VariableMore details
  • For a chance to win $100K towards your home loan, apply with Athena before Oct 31 & be approved by Dec 15
  • The more you pay down your loan, the more we’ll lower your rate
  • Athena charges zero fees
VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *Comparison rate is based on a loan of $150,000 over a term of 25 years. Please note the comparison rate only applies to the examples given Rates correct as of October 18, 2021. View disclaimer.

What home loans does Athena offer?

Athena has principal and interest home loans, and interest-only home loans for both owner-occupiers and investors. Athena’s home loans are available for both new lending, and refinancing.

Athena home loan features

Athena offers a variety of home loan features on its home loans. These features include:

  • Flexible repayments: You can pay above your minimum repayment for free to potentially save money on your home loan.
  • Fee-free redraw facility: There are no fees when you want to redraw your extra money with Athena’s redraw facility.
  • Automatic rate match: Athena offers existing customers the same rate for new customers, avoiding ‘loyalty taxes’.
  • Direct Salary Transfer: You can pay your salary directly into your home loan account, reducing the balance, and is listed as a ‘future feature’, so watch this space.
  • Automatically lower interest rates: Called ‘AcceleRATE’, this feature is essentially a cascading series of interest rates that apply as you pay down your home loan, consisting of three loan-to-value ratio (LVR) tiers.
  • Fast refinancing: Refinancing could take as little as 15 minutes through Athena, providing conditional approval. However, delays may still happen between your old lender and Athena.
  • Free property report: Athena’s property report provides an estimated value, more detail on the property, recent sales history, and your suburb’s rental and sale history.

How to apply for an Athena mortgage

Eligibility criteria

Athena has certain requirements you must meet to qualify for an Athena mortgage:

  • You must have at least a 20% deposit (80% LVR).
  • You must be employed as PAYG (pay-as-you-go i.e. a salaried employee)
  • Your property must be in a capital city or in a major population centre.
  • You are an Australian or New Zealand permanent resident.
  • You must have a decent credit history

If eligible, you can go to Athena’s website to get started with your home loan application. You can also speak with an Athena loan expert on 13 35 35.

Property Exclusions

Not all properties are able to be financed through Athena. Exclusions include:

  • New apartment buildings seven floors or more, built after 2013.
  • Vacant land
  • Leasehold property (except ACT)
  • Display homes
  • Rural, commercial or industrial properties
  • Student accommodation
  • Transportable/mobile homes/kit homes

Properties must also be at least 50 square metres excluding balconies and car spaces, and total land size cannot be more than six hectare

Documents needed

Make sure to have your documents prepared when applying for an Athena home loan. They will likely need the following:

  • One ID – Driver’s license, Australian Passport, Medicare card
  • Income and employment details – your two most recent payslips
  • Other sources of income such as investments, term deposits, superannuation, or rental income
  • Assets and liabilities
  • A breakdown of your living expenses
  • The most recent statement of your current home loan you’ll refinance

Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:

Lender
Advertised rate Comparison rate Monthly repayment Rate TypeOffsetRedrawOngoing FeeUpfront FeesLVRLump Sum RepaymentAdditional RepaymentsPre-approval
VariableMore details
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
LIMITED TIME OFFER

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • Fast turnaround times, can meet 30-day settlement
  • For purchase and refinance, min 20% deposit
  • No ongoing or monthly fees, add offset for 0.10%
FixedMore details
NO UPFRONT OR ONGOING FEES

Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years

NO UPFRONT OR ONGOING FEES
VariableMore details
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of October 18, 2021. View disclaimer.