homeloans.com.au Home Loans
Read on to compare some of homeloan.com.au's key home loan interest rates and the key features they have.
Formerly known as State Custodians, the rebranded homeloans.com.au launched in 2020 and is an online lender backed by Resimac Limited. Resimac funded State Custodians for over 35 years and was recognised as Non-Bank Lender of the Year at the 2020 Australian Mortgage Awards. Resimac has over 50,000 customers and $14 billion of current lending in Australian and New Zealand.
Compare homeloans.com.au mortgage rates
Lender | Advertised rate | Comparison rate | Monthly repayment | Rate Type | Offset | Redraw | Ongoing Fee | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Pre-approval | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | More details | ||||||||||||
| FEATUREDGET A FULL OFFSET ACCOUNT FOR NO EXTRA COST | Low Rate Home Loan - Prime (Principal and Interest) (Investment) (LVR < 60%)
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Low Rate Home Loan - Prime (Principal and Interest) (Investment) (LVR < 60%)
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| Variable | More details | ||||||||||||
| FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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State Custodians is now Homeloans.com.au. A wholly owned subsidiary of Resimac Group Ltd. Base criteria of: a $400,000 loan amount, home loans with an LVR (loan-to-value) ratio of at least 80%. Introductory rate products were not considered for selection. If products listed have an LVR <80%, they will be clearly identified in the product name along with the specific LVR. The product and rate must be clearly published on the Product Provider’s web site. This table includes only a snapshot of the lender's products, not all of them. Monthly repayments were calculated based on the selected products’ advertised rates, applied to a $400,000 loan with a 30-year loan term. Rates correct as of September 25, 2021. View disclaimer.
- What mortgagesdoes homeloans.com.au offer?
- homeloans.com.au mortgage features
- How to apply for a homeloan.com.au mortgage
What mortgages does homeloans.com.au offer?
homeloans.com.au offers home loans for home buyers, investors, refinancers and those looking to access their equity to buy or invest in a property.
homeloans.com.au mortgage interest rates
homeloans.com.au has a broad selection of mortgage products to suit a broad range of buyers. Its key mortgage products include:
- Low rate home loan: A low rate home loan with an optional 100% offset account and no ongoing fees
- Investment home loan: An investment loan with a competitive rate that also has no ongoing fees and an offset account
- Fixed-rate home loan: A home loan for buyers who want the certainty of repayments for up to five years
- Interest-only home loan: An interest-only loan with no ongoing or annual fees
- Low rate line of credit: A line of credit that gives you access to your existing equity to invest or for home improvements
You can find a complete list and details of their mortgage products here.
homeloans.com.au mortgage features
homeloans.com.au’s mortgages can come with a variety of useful mortgage features:
- No ongoing fees: Most loans have no ongoing fees while some also have no annual fees.
- 100% offset account: 100% of the funds in your account can offset your loan balance.
- Customer benefit program: Customers can get discounts on some of Australia’s leading brands like Coles, Woolworths, Caltex, etc.
- Flexible repayment schedule: make weekly, fortnightly or monthly repayments.
- Interest-only option: interest-only repayments are available for up to 10 years (80% maximum LVR).
- Split loans: you can split your loan into as many as six different portions.
How to apply for a homeloans.com.au mortgage
Eligibility criteria
To apply for a mortgage, there are certain requirements you may have to meet:
- You must be 18 years of age or older.
- You must be a permanent Australian resident.
- You must be employed or earning a steady income.
- You have not been declared bankrupt.
If you meet all the requirements, you can apply for a home loan online and can get pre-qualified in as little as 60 seconds.
Documents needed
You will need to submit documents when applying for a home loan. Generally, the documents required may include:
- Identification documents such as your driver’s license, passport or birth certificate
- Proof of income documents such as your latest payslips and two years worth of personal and business tax returns for the self-employed.
- Proof of other sources of income such as from rental income, superannuation, dividends, etc.
- Current assets such as savings accounts and investments, and liabilities documents such as your other loan repayments.
homeloans.com.au Frequently asked questions
How long does it take for homeloans.com.au to process my home loan application?
Pre-approval generally takes less time than unconditional approval. In most cases, you could receive pre-approval within one business day of completing your application. According to homeloans.com.au you could receive pre-approval in as little as 20 minutes using their online pre-approval tool.
The time frame for an unconditional approval, on the other hand, can vary as it largely depends on how quickly the bank can verify your identity, assess your application and transfer security.
Speak to a lending specialist for more information on your application.
How does homeloans.com.au verify my identity?
Your identity can be verified electronically using the personal details you have provided in your application.
Why was my home loan application unsuccessful?
Your home loan application can be unsuccessful if you don't meet the eligibility criteria or haven't supplied all the documentation required for the process to move forward
Considering other lenders? Compare home loans with these low-rate offers for owner occupiers:
Lender | Advertised rate | Comparison rate | Monthly repayment | Rate Type | Offset | Redraw | Ongoing Fee | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Pre-approval | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
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Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
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| Fixed | More details | ||||||||||||
| NO UPFRONT OR ONGOING FEES | Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years | ||||||||||||
| Variable | More details | ||||||||||||
| FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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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 September 25, 2021. View disclaimer.
