Homeloans Ltd

Homeloans

Founded: 1985

Lender Type: Non-Bank

Owned by: ASX Listed

Homeloans Limited offers one of the most diverse ranges of home loan products because it has such a diverse range of funders. With a focus on service and a 97% customer satisfaction rating, many mortgage brokers work with Homeloans. Additionally, borrowers enjoy all the unique benefits, from flexible loan features to discounts on everyday items like groceries and fuel. This lender adheres to strict guidelines on transparency and business ethics. They are also Carbon Conscious, planting a tree for every home loan settled.

Key Benefits

Very competitive interest rates
Alt doc loan options available
Great customer service

Drawbacks

Interest rates go up when you borrow more
Loan approval times can be lengthy
Some fees are high

Home Loan Products

Compare Home Loans

Home Loans Description

Homeloans Optima

For a full-featured low rate home loan, Homeloans Limited Optima product is a flexible option. It comes with the option of having a 100% offset account to help reduce the cost of your loan, flexible repayment options, and free additional repayments, as well as a redraw facility to access your extra funds if you need to without any hassle. You can split your loan or opt for a fixed, variable, or line of credit loan. For new customers, you’ll pay nothing for application, valuation and settlement fees. If you don’t have a large deposit, you can still apply for this loan. Borrow as much as 95% with LMI.

Homeloans Ultra Plus

The Ultra Plus loan product comes with very competitive interest rates, however, they will vary based on how much you are borrowing and whether you choose a variable, fixed, or both with a split rate loan. Enjoy flexible repayment options and the freedom to pay down your mortgage quickly with unlimited additional repayments, either ongoing or as a lump sum. You do have the option to pay interest only, but keep in mind this choice will come with a rate surcharge.

Homeloans FlexiChoice Prime

A popular choice with first-time homebuyers, with FlexiChoice Prime, you don’t have to demonstrate genuine savings and can use either a gift or a First Home Owners Grant as part of your deposit. This makes it much easier for many Australians who want to become homeowners and meet other criteria but haven’t had the chance to save enough money for a deposit. Borrow up to 95% of the purchase property although the interest rates will be higher the more you borrow. Available as a variable or fixed rate loan. You still get flexible features, such as varied repayment options and an optional offset account. An alt doc option is available for self-employed borrowers.

Homeloans Accelerate Prime

For borrowers who don’t meet traditional lending and lender’s mortgage insurance requirements, Homeloans as a cost-effective home loan solution. Accelerate Prime allows you to borrow up to 95% without having to pay LMI, although you may have to pay a Lender Protection Fee as an alternative. You still can take advantage of flexible repayment options. For a low deposit loan, the interest rates are still relatively competitive. Alt doc loan applications are available for self-employed borrowers.

Homeloans MoniPower

When you need options, you need MoniPower. This loan can be used for construction or new purchases. You can also take advantage of the bridging feature so you don’t have to worry about selling your current home before you find your next dream property. Get all the flexible repayment options as well as a 100% offset account to make paying down your loan easier. You can choose between a fixed or variable interest rate and still enjoy an extra repayment option with both. New customers can enjoy waived fees. This loan product is available for full doc and alt doc loans.

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