launches new low-rate investment home loans

author-avatar By on September 23, 2019 launches new low-rate investment home loans

Photo by Peyton Sickles on Unsplash

Leading fintech lender has today released two new investment home loan products: the Smart Investor home loans.

The Smart Investor loans both boast an interest rate of 3.39% p.a. (3.41% comparison rate*), and have no ongoing or monthly fees.

They are both full doc home loans available to investors who have a deposit of at least 20%, up to a maximum loan amount of $1 million.

The only difference between the two new products? One requires principal and interest (P&I) repayments and the other is interest-only (IO).

Despite this, the interest rate is the same for both products, which goes against the typical market practice of charging higher interest rates for IO borrowers.

When comparing similar home loans,’s Smart Investor loans have among the lowest interest rates on the investment home loan market.

Company Ad rate
Comp rate*
Smart Investor Home Loan P&I 80% 3.39% 3.41% $1,772 More details
Low Rate Inv Loan w/Offset 3.40% 3.42% $1,774 More details
Achieve Var Inv P&I Special 3.49% 3.54% $1,793 More details
Inv Simplicity Plus P&I Special 3.66% 3.70% $1,850 More details
Ad rate
Comp rate*
Smart Investor Home Loan P&I 80%
3.39% 3.41% $1,772
More details
Low Rate Inv Loan w/Offset
3.40% 3.42% $1,774
More details
Achieve Var Inv P&I Special
3.49% 3.54% $1,793
More details
Inv Simplicity Plus P&I Special
3.66% 3.70% $1,850
More details

Base criteria of: a $400,000 loan amount, variable, principal and interest (P&I) investment home loans with an LVR (loan-to-value) ratio of at least 80%. Introductory rate products were not considered for selection. 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 at 23 September 2019. View disclaimer.’s Managing Director Marie Mortimer said the launch of the new loans coincide with increased demand for investment home loans in Spring, as more people look to purchase investment properties or review their current debts this time of year.

“Property investors know that their investment is all about making money and our customers are on the ball when it comes to their rate, and getting a better deal from day one,” Ms Mortimer said.

“Our new loans offer much better value than the big banks so we think they will convince a lot of investors to look beyond their current bank to our offering and really help to drive competition in the market.”

Ms Mortimer also said the fact that the Smart Investor loan offers the same interest rate on both principal and interest and interest-only repayments breaks new ground in the industry.

“As a challenger lender, we have responded to what investors really want from their loans and heard loud and clear that they want to stop paying the ‘big bank premium’ on their investment loan,” Ms Mortimer said.

“Just in time for Spring, this is what we have delivered – two new loans, one P&I and one Interest-only, with a discount to reach a great low rate.” released the similarly named Smart Home Loan for owner-occupiers in March, which now has an interest rate starting at 3.03% p.a. (3.05% p.a. comparison rate*).


The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered which includes retail products from at least the big four banks, the top 10 customer-owned institutions and Australia’s larger non-banks:

  • The big four banks are: ANZ, CBA, NAB and Westpac
  • The top 10 customer-owned Institutions are the ten largest mutual banks, credit unions and building societies in Australia, ranked by assets under management in November 2020. They are (in descending order): Great Southern Bank, Newcastle Permanent, Heritage Bank, Peoples’ Choice Credit Union, Teachers Mutual Bank, Greater Bank, IMB Bank, Beyond Bank, Bank Australia and P&N Bank.
  • The larger non-bank lenders are those who (in 2020) has more than $9 billion in Australian funded loans and advances. These groups are: Resimac, Pepper, Liberty and Firstmac.
  • If you click on a product link and you are referred to a Product or Service Provider’s web page, it is highly likely that a commercial relationship exists between that Product or Service Provider and

Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site.

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

*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. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees and costs savings, such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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William Jolly joined as a Financial Journalist in 2018, after spending two years at financial research firm Canstar. In William's articles, you're likely to find complex financial topics and products broken down into everyday language. He is deeply passionate about improving the financial literacy of Australians and providing them with resources on how to save money in their everyday lives.

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