loans.com.au home loan repayment calculator

Thinking about taking out a home loan with loans.com.au? Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios. You can also see how loans.com.au home loans compare with other options.

I am an

With a repayment type

Borrow amount

$

Deposit amount %

Loan term

Your estimated repayments

at interest rate 2.78 %

Total interest payable

$0

Total amount payable

$0

Pros and cons

  • Award-winning customer service.
  • Loans have flexible options.
  • Most loans have low fees.
  • Loans have a fast approval process.
  • No branch network.
  • Loans have discharge fees.

loans.com.au home loans rates

Product
Advertised Rate
Total estimated upfront fees
Comparison Rate*
Ongoing fee
Go to site
Company

2.78%

Variable

$520

2.80%

$0
loans.com.au
More details

2.88%

Variable

$520

2.90%

$0
loans.com.au
More details

3.19%

Variable

$520

3.21%

$0
loans.com.au
More details

3.19%

Variable

$520

3.21%

$0
loans.com.au
More details

3.23%

Variable

$520

3.25%

$0
loans.com.au
More details

3.27%

Variable

$520

3.29%

$0
loans.com.au
More details

3.27%

Variable

$520

3.29%

$0
loans.com.au
More details

3.27%

Variable

$520

3.29%

$0
loans.com.au
More details

3.27%

Variable

$520

3.29%

$0
loans.com.au
More details

3.19%

Fixed - 3 years

$300

3.43%

$0
loans.com.au
More details

3.19%

Fixed - 2 years

$300

3.45%

$0
loans.com.au
More details

3.54%

Fixed - 2 years

$520

3.50%

$0
loans.com.au
More details

3.64%

Fixed - 1 year

$300

3.50%

$0
loans.com.au
More details

3.54%

Fixed - 3 years

$520

3.51%

$0
loans.com.au
More details

3.79%

Fixed - 1 year

$520

3.51%

$0
loans.com.au
More details

3.69%

Fixed - 2 years

$300

3.52%

$0
loans.com.au
More details

3.54%

Variable

$520

3.56%

$0
loans.com.au
More details

3.54%

Variable

$520

3.56%

$0
loans.com.au
More details

4.06%

Variable

$520

3.56%

$0
loans.com.au
More details

3.99%

Fixed - 3 years

$300

3.60%

$0
loans.com.au
More details

3.62%

Variable

$520

3.64%

$0
loans.com.au
More details

3.62%

Variable

$520

3.64%

$0
loans.com.au
More details

3.64%

Variable

$520

3.66%

$0
loans.com.au
More details

3.64%

Variable

$520

3.66%

$0
loans.com.au
More details

3.72%

Variable

$520

3.74%

$0
loans.com.au
More details

3.72%

Variable

$520

3.74%

$0
loans.com.au
More details

3.59%

Fixed - 3 years

$520

3.79%

$0
loans.com.au
More details

3.59%

Fixed - 2 years

$520

3.81%

$0
loans.com.au
More details

3.79%

Fixed - 3 years

$520

3.83%

$0
loans.com.au
More details

3.79%

Fixed - 2 years

$520

3.84%

$0
loans.com.au
More details

3.84%

Fixed - 1 year

$520

3.84%

$0
loans.com.au
More details

3.99%

Fixed - 1 year

$520

3.85%

$0
loans.com.au
More details

3.84%

Variable

$520

3.87%

$0
loans.com.au
More details

3.84%

Variable

$520

3.87%

$0
loans.com.au
More details

4.03%

Fixed - 2 years

$520

3.87%

$0
loans.com.au
More details

4.26%

Variable

$520

3.90%

$0
loans.com.au
More details

4.19%

Fixed - 3 years

$520

3.92%

$0
loans.com.au
More details

3.92%

Variable

$520

3.94%

$0
loans.com.au
More details

3.92%

Variable

$520

3.94%

$0
loans.com.au
More details

3.94%

Variable

$520

3.96%

$0
loans.com.au
More details

3.94%

Variable

$520

3.96%

$0
loans.com.au
More details

3.94%

Variable

$520

4.06%

$0
loans.com.au
More details

loans.com.au customer service

Being an online-only lender means loans.com.au customers don’t have access to a branch network. Having said that, loans.com.au offers plenty of flexible and convenient contact options like online live chat. In addition, loan customers can contact the loans.com.au customer support line 7 days a week or can request a call back using the online enquiry form. Customers also have the option of emailing customer care directly. Loans.com.au customers with access to a Visa Debit card can use it at Westpac, St. George, Bank of Melbourne and Bank of SA ATMs without transaction fees.

✓     Customer service centre (phone)

✓     Mobile app

✓     Online banking

✓     Email

✓     Live Chat

Is the competition just for home loans? What about personal/car loans and credit cards?

This competition is currently for home loans only.

You may still be able to save money by checking the interest rates, fees, and charges on your personal loan, car loan or credit card – compare your options at RateCity.

But keep your eyes open – we may add options for car loans, personal loans, credit cards and more in the future.

Am I guaranteed to be approved for all the loans I’m shown?

No. While we will do our best to show a list of loans that may suit your needs, if you choose to apply to refinance, it is up to the lender to approve or disapprove your loan based on your individual circumstances, after you have submitted all your paperwork.

This can sometimes take up to 30 days, so it is important to find out exactly what the criteria is for the loan, and what you need in terms of paperwork. RateCity does not make any suggestions taking into account your personal and individual needs.

Who has the best home loan?

Determining who has the ‘best’ home loan really does depend on your own personal circumstances and requirements. It may be tempting to judge a loan merely on the interest rate but there can be added value in the extras on offer, such as offset and redraw facilities, that aren’t available with all low rate loans.

To determine which loan is the best for you, think about whether you would prefer the consistency of a fixed loan or the flexibility and potential benefits of a variable loan. Then determine which features will be necessary throughout the life of your loan. Thirdly, consider how much you are willing to pay in fees for the loan you want. Once you find the perfect combination of these three elements you are on your way to determining the best loan for you. 

How common are low-deposit home loans?

Low-deposit home loans aren’t as common as they once were, because they’re regarded as relatively risky and the banking regulator (APRA) is trying to reduce risk from the mortgage market.

However, if you do your research, you’ll find there is still a fairly wide selection of banks, credit unions and non-bank lenders that offers low-deposit home loans.

How much is the first home buyer's grant?

The first home buyer grant amount will vary depending on what state you’re in and the value of the property that you are purchasing. In general, they start around $10,000 but it is advisable to check your eligibility for the grant as well as how much you are entitled to with your state or territory’s revenue office.

How much information is required to get a rating?

You don’t need to input any information to see the default ratings. But the more you tell us, the more relevant the ratings will become to you. We take your personal privacy seriously. If you are concerned about inputting your information, please read our privacy policy.

What is the average annual percentage rate?

Also known as the comparison rate, or sometimes the ‘true rate’ of a loan, the average annual percentage rate (AAPR) is used to indicate the overall cost of a loan after considering all the fees, charges and other factors, such as introductory offers and honeymoon rates.

The AAPR is calculated based on a standardised loan amount and loan term, and doesn’t include any extra non-standard charges.

How can I get a home loan with no deposit?

Following the Global Financial Crisis, no-deposit loans, as they once used to be known, have largely been removed from the market. Now, if you wish to enter the market with no deposit, you will require a property of your own to secure a loan against or the assistance of a guarantor.

What is a construction loan?

A construction loan is loan taken out for the purpose of building or substantially renovating a residential property. Under this type of loan, the funds are released in stages when certain milestones in the construction process are reached. Once the building is complete, the loan will revert to a standard principal and interest mortgage.

What is Lender's Mortgage Insurance (LMI)

Lender’s Mortgage Insurance (LMI) is an insurance policy, which protects your bank if you default on the loan (i.e. stop paying your loan). While the bank takes out the policy, you pay the premium. Generally you can ‘capitalise’ the premium – meaning that instead of paying it upfront in one hit, you roll it into the total amount you owe, and it becomes part of your regular mortgage repayments.

This additional cost is typically required when you have less than 20 per cent savings, or a loan with an LVR of 80 per cent or higher, and it can run into thousands of dollars. The policy is not transferrable, so if you sell and buy a new house with less than 20 per cent equity, then you’ll be required to foot the bill again, even if you borrow with the same lender.

Some lenders, such as the Commonwealth Bank, charge customers with a small deposit a Low Deposit Premium or LDP instead of LMI. The cost of the premium is included in your loan so you pay it off over time.

When will I know if I’ve been successful?

If your entry is selected as our winner, we’ll notify you in writing within two business days of the draw. Your name will also be published online on the RateCity from 22/05/2020.

How often is your data updated?

We work closely with lenders to get updates as quick as possible, with updates made the same day wherever possible.

What is Real Time Ratings?

Real Time RatingsTM ranks home loans according to cost and flexibility. This allows you to compare products using a simple score out of five.

Our world-first system analyses almost 4,000 mortgages based on your individual requirements. Best of all, the results are generated in real time, so if a lender has just hiked its interest rates or introduced extra fees, our system has factored this in.

Home Loans Frequently Asked Questions

What is the difference between offset and redraw?

The difference between an offset and redraw account is that an offset account is intended to work as a transaction account that can be accessed whenever you need. A redraw facility on the other hand is more like an “emergency fund” of money that you can draw on if needed but isn’t used for everyday expenses.