Since launching in 2011, loans.com.au has prided itself on taking an innovative and people-centric approach. Originally born as a ‘direct to retail business’ for Firstmac - one of Australia’s largest privately owned non-bank lenders - loans.com.au says it puts people at the heart of everything.

Being 100% online, the non-bank lender cuts costs like mortgage broker commissions and retail office expenses (i.e. not needing any branches).

Without these overheads, loans.com.au says it can (and does) pass the savings along to its customers by offering ‘cheaper' interest rates. With $6 billion in loans under management, loans.com.au is bigger than some smaller banks and building societies.

Home loans from loans.com.au

loans.com.au offers a wide selection of home loans for different types of borrowers such as owner-occupiers, refinancers, investors, self-managed super fund trustees, and more.

The non-bank lender also offers a ‘green’ discount for energy-efficient new homes.

The interest rates on its home loans range from variable to fixed for up to three years, while there are options to make principal & interest or interest-only repayments.

Here’s a snapshot of loans.com.au’s home loans for owner occupiers:

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
$2,408
Principal & Interest
Variable
$0
$530
70%
Featured Online ExclusiveUp To $4K Cashback
  • Immediate cashback upon settlement
  • $2,000 for loans up to $700,000
  • $4,000 for loans over $700,000
6.04% p.a.
6.06% p.a.
$2,408
Principal & Interest
Variable
$0
$530
90%
4.6 Star Customer Ratings
5.99% p.a.
6.51% p.a.
$2,589
Principal & Interest
Variable
$0
$530
90%
6.19% p.a.
6.58% p.a.
$2,589
Principal & Interest
Variable
$0
$530
90%
Featured 90% LVR
  • You MUST already have Solar or a documented plan to install within 90 days to be eligible for this loan
  • Available for refinance or purchase
  • No monthly, annual or ongoing fees
6.99% p.a.
7.00% p.a.
$2,659
Principal & Interest
Variable
$0
$230
70%
Featured
  • Available for Purchase and Refinance. No application fee and no settlement fee
  • No monthly, annual or ongoing fees
  • Access your SMSF loan via our easy-to-use online app Smart Money
7.49% p.a.
7.50% p.a.
$2,794
Principal & Interest
Variable
$0
$230
80%
Featured
  • Available for Purchase and Refinance
  • No application fee and no settlement fee
  • No monthly, annual or ongoing fees
Important Information and Comparison Rate Warning

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 be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. 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. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

All about keeping it simple

Besides its bright pink logo, there are a few reasons why loans.com.au stands out among Australia’s crowded marketplace of lenders - such as remaining an innovative, family-oriented lender for over 10 years.

Managing Director of loans.com.au Marie Mortimer said loans.com.au’s processes are quick and simple - “as they should be”.

“For both our home and car loans, you can find out if you pre-qualify for a low rate loan in just minutes,” Ms Mortimer told Savings.com.au.

“By keeping our interest rates low and revolutionising the loan application process, we keep on winning awards for our products, innovations, and customer service - year after year.”

The application process is online, and there are specialists ready to help, with the team of Australian-based, experienced loan specialists available from 8am to 6pm AEST.

“At every step of the way, you’ll talk to a real person from our friendly team of lending specialists who are here to help you,” Ms Mortimer said.

Save time and money by adding an offset

When asked about the perks, one of the most popular ones mentioned was the ability to add an offset sub-account.

Funds in this offset sub-account are 100% offset against your home loan balance - effectively lowering the portion of the loan that’s charged interest - while providing online, ATM, EFTPOS & VISA debit card access to the funds plus unlimited free redraws. If your home loan doesn’t already come with it, this account can be added on at a cost of an extra 10 basis points (0.10% p.a.) on your interest rate.

“Customers can pay their home loan off much sooner than anticipated, and also save thousands in interest repayments simply by adding to their offset,” Ms Mortimer told Savings.com.au.

“To calculate potential savings, we've created a really useful offset calculator.”

Being passionate about the environment, loans.com.au likes to reward customers for ‘going green’ by offering discounted interest rates for homes that meet the standards for environmental-friendliness.

Ms Mortimer said customers are also rewarded for being loyal.

“If customers bring both their investment and owner occupied loans to us, they could get both loans starting with a 'one' with our Smart Booster Bundle.”

loans.com.au is more than just an online lender

“We understand that nobody really wants a loan, rather, they want a home to live in, a new car to drive, their next investment property or to save thousands on an existing loan,” Ms Mortimer said.

Ms Mortimer also emphasises that loans.com.au doesn’t just support its customers - it supports the local community through its Women, Children & Community Program.

“We participate in a number of ways, whether it be financial support via official sponsorship, employer-supported volunteering with our staff giving their time, donating items or raising awareness for local charitable causes,” she said.

“loans.com.au works to support many causes which benefit the women, children and community in Australia.”

How to apply for a loans.com.au home loan

Applying for a home loan is relatively simple with loans.com.au’s online application process. Whether you’re buying your first home or you’ve got plenty of properties under your belt, you can apply for a home loan fairly quickly and easily by visiting the website - loans.com.au.

Eligibility criteria

You must meet the lending requirements of loans.com.au before applying for a home loan. Generally, you need to:

  • Be above 18 years old

  • Be an Australian resident

  • Be employed or earning a steady income

  • Demonstrate a strong capacity to repay the loan

  • Have a good credit history

  • Have a maximum LVR (loan-to-value ratio) of 90% (depending on the loan)

If you fit all the requirements, you can apply for a home loan online or book an appointment with a lending manager.

Documents needed

loans.com.au may need the following documents when you apply for a mortgage:

  • Personal identification such as your driver’s license, passport or a State or Territory issued photo ID

  • Proof of income

    • For employees, you’ll need to present two of your latest payslips, an employment contract or three months of bank statements proving your income.

    • For the self-employed, you’ll need to provide two years worth of your personal and business tax returns and Australian Taxation Office assessments for the past two years.

  • Asset and liabilities documents

  • Proof of other sources of income such as rental property income, superannuation, dividends, and other government income sources

In the interests of full disclosure, Savings.com.au, Performance Drive and Loans.com.au are part of the Firstmac Group. To read about how Savings.com.au manages potential conflicts of interest, along with how we get paid, please click through onto the web site links.

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