Yard Home Loans

Compare Yard's home loans below.

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About Yard

Yard is a 100% online, non-bank lender. It was founded by Nathan Gooley in 2017, and aims to make the home loan process as simple as possible for Australian borrowers. As an online lender, the application process is done 100% virtually - no stuffy meetings with a lending specialist with Yard. It all starts with an online application form and a chat with a dedicated personal consultant.

What home loans does Yard offer?

Yard offers a concise, yet competitive range of home loans for owner occupiers, refinancers, and investors.  Home loans are available across variable and fixed terms, with interest only (IO) and principal and interest (P&I) payment schedules. 

It also offers loans for self-managed super funds (SMSFs), which enables those self-managing their super to add property to their portfolio. For those looking at buying a home before selling their existing property, Yard also offers competitive bridging loans.

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

Yard home loan features

Across its range of home loans, Yard offers a few different features, including:

  • Offset Account: A 100% offset account is available across a few product lines, enabling borrowers to reduce their interest payable, for an annual fee of $120.

  • Redraw: A redraw facility is available across all home loan types, and is available for free on variable rate home loans.

  • Extra Repayments: Additional repayments are available, up to unlimited for variable loans, but limited to $20,000 on fixed home loans.

  • Interest-Only Periods: The maximum interest-only period is 5 years.

Note: These features are not exhaustive, and may not be offered across all of Yard’s home loans.

How to apply for a Yard home loan

Eligibility criteria

Yard has eligibility criteria for its home loans, including:

  • Being at least 18 years old

  • Being an Australian citizen or permanent resident

  • Having a good credit history

  • Receiving a salary from an employer, or you are self-employed with at least 2-years of ABN registration. Self-employed professionals (doctors, lawyers, IT professionals) may be considered if they have held an ABN for six months.

  • Having no previous defaults greater than $1,500.

  • Maximum LVR is 95% with lenders mortgage insurance.

  • Minimum loan size is $150,000, and the maximum is $5 million.

From there, the application process is totally digital, starting with an online form submission, and a subsequent chat with one of Yard's Lending Specialists. 

  • Maximum LVR is 95% with lenders mortgage insurance.

  • Minimum loan size is $150,000, and the maximum is $5 million.

From there, the application process is totally digital, starting with an online form submission, and a subsequent chat with one of Yard's Lending Specialists. 

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Overview

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