This was posted 7 years 7 months 19 days ago, and might be an out-dated deal.

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Loans.com.au Essentials Mortgage: Purchase 3.39% (3.41% CR) or Refinance 3.71% (3.73% CR)

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Loans.com.au Essentials Mortgage: Purchase 3.39% (3.41% CR) or Refinance 3.71% (3.73% CR)
Go to Deal
ferrisb on 08/09/2016 - 11:30 loans.com.au (188 clicks)
Last edited 08/09/2016 - 11:31

Up to 80% LVR
Up to $1M loan (or $2M for re-finance)

It's a pretty basic package.

No offset account, but has free additional repayments and redraw and allows splits.

No on-going fees.
One-off fees - $300 settlement, ~$220 valuation, $300 discharge, $250 discharge info.

Same deal with an offset account and Visa debit card is New purchase 3.49% (3.51% CR) or Refinance 3.79% (3.81% CR).

I'm with loans.com.au (refinance, offset). Everything is online or over the phone. I suck at paperwork, so there was some effort to get this up and running. After that point, it's pretty easy. I have been pretty happy with the service. You get some access to Westpac branch/ATMs for when you need over-the-counter services.

If you like, you can use my referral link. I'll split the $450 referral fee 50/50 once I get the cash.

Referral Links

Referral: random (40)

Referrer and referee get $1000 cash after referee settles loan.

Financial Home Loan

Related Stores

Loans.com.au
Loans.com.au

closed Comments

  • Looking4Bargians on 08/09/2016 - 11:33
    +3

    i got offer for %3.4 ( Veriable Effective Rate) from broker of CommBank with Re-draw. No Fees at all…AT ALL…

    • tghtarse on 08/09/2016 - 11:38

      Would you mind sending me broker's details via PM? I am keen on a good deal.

    • ryanm on 08/09/2016 - 11:40

      Can you provide further details of how and where you got this offer?

    • ferrisb on 08/09/2016 - 11:45

      Also interested, ozy

    • 4thchicken on 08/09/2016 - 11:54

      would be interested in referral as well :)

    • Looking4Bargians on 08/09/2016 - 12:01

      I need to Ask him if i can share his details.. then get back to you guys

    • D1977 on 08/09/2016 - 12:04

      Is this investment loan or owner/occupied?

      • Looking4Bargians on 08/09/2016 - 12:06
        +1

        Owner Occupied.

        • D1977 on 08/09/2016 - 12:07

          Cheers. They are giving much bigger discoutns to owner/occupied comapred to investment loans.

    • ozmu on 08/09/2016 - 12:12

      I'm interested too. I was tempted to go with Loans until your comment.

    • sd224 on 08/09/2016 - 12:34

      I would be interested in the details too, can you please PM the details to me ?

    • Looking4Bargians on 08/09/2016 - 12:37
      +1

      Whosoever needs correct info on deal, please PM me and i can share his details.

  • easternculture on 08/09/2016 - 11:38
    -1

    Too many one off fees.

    • ferrisb on 08/09/2016 - 11:50

      Interesting, EC.

      I thought for a no-ongoing fees loan, this looked quite light on one-off fees. Highlighted by how close CR % is to headline rate.

      I'm not a mortgage expert, though.

      • easternculture on 08/09/2016 - 11:51

        yes, after reading ozyboy comment

        • ferrisb on 08/09/2016 - 11:54

          Yep. Got me interested too (see above).

          Don't think I've ever heard of a home loan with no upfront fees, no ongoing fees and a market-leading rate.

          If that's the case, I agree this and every other loan in the market are poor value.

  • [Deactivated] on 08/09/2016 - 11:44
    +3

    I could probably use this to buy the new iPhone

    • ozmu on 08/09/2016 - 12:11

      I could buy 3 iPhone 7s with the savings

  • scoobydoodledoo on 08/09/2016 - 12:22
    +1

    Ozyboy,

    Does that loan have a full offset facility?

    • Looking4Bargians on 08/09/2016 - 12:37

      As said , Re-draw facility with no fees.

      • Brickles on 08/09/2016 - 13:02
        +1

        As I understand it, redraw =/ offset. I believe they charge extra for an offset account.

        I have the offset version of this loan as a refinance investment property, and they charge more. I'm a bit bummmed by it overall, as it did cost a stack to refinance (c. $1000 from memory and heaps of time and stuffing around). The current rate that I'm getting is 4.05%, as of August 20th.

        I think they are pretty dodgy with passing on interest rates. Since my refinance to them:
        - August 3rd 2016, RBA reduces rates 0.25%. Loans.com.au reduced by 0.13% (to my current 4.05%) 17 days later (August 20th)
        - May 4th 2016, RBA reduces rates 0.25%. Loans.com.au reduced by 0.25% on 23rd May
        - November 3rd 2015 RBA leaves rates unchanged. Loans.com.au increased by 0.2%
        - August 4th 2015, RBA leaves rates unchanged. Loans.com.au increased by 0.25% on 31 August
        - May 6th 2015, RBA reduces rates 0.25%. Loans.com.au reduced by 0.25% on 25 May

        Net result:
        - RBA overall decreased by 0.75%
        - Loans.com.au decreased by 0.13%. Any beneficial change was delayed by about 20 days each time.

        Rip-off merchants if you ask me. I regret my refinance, and I wouldn't go with them again.

        • Looking4Bargians on 08/09/2016 - 13:04

          All are same.

        • stockastics on 09/09/2016 - 09:54

          @ozyboy: can you pls pm me the details of the broker mate.. thanks

        • heal on 09/09/2016 - 10:50

          I'm with you there, though I don't get charged extra for my offset account. Very unhappy about their increases and delays passing on the RBA cuts

  • ryanm on 08/09/2016 - 12:32

    Ubank is currently offering no upfront fee home loan with interest rates of 3.64% owner occupied and 3.79% for investment with only a state imposed title transfer fee.

    • arctan on 08/09/2016 - 15:37

      With offset accounts?

      • ryanm on 08/09/2016 - 16:23

        I'm unsure you can view the website

  • atuanmu on 08/09/2016 - 22:01

    Oozy boy
    Please PM me for the details of the broker

  • BestofOZB on 13/09/2016 - 11:05

    Why is no one asking if extra repayments are allowed with the commbank offer? Which IMO is the most important in a variable loan.

    • Looking4Bargians on 13/09/2016 - 11:32

      Because it is allowed on most of the loans and yes it is allowed in my case.

  • [Deactivated] on 13/10/2016 - 15:27

    Happy customer of loans com au here… can recommend. PM me if you want my referral link and want to do a deal :D

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