• expired

Well Home Loans Variable 2.20% Comparison Rate for under 80% LVR, Offset $10/Month, $800 Fees, Offset Covered by Govt

80

Main advantage over athena is the offset account

Main advantage over homeloans.com.au is the offset account is government guaranteed

Downside is the establishment/ongoing fees

Thoughts?

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closed Comments

  • +1

    Can someone explain the govt garrantee in the context of a home loan? I don't get the advantage when it isn't your money.

    • +2

      It's for the offset account, which is your money.

      • Cheers.

      • But presumably only up to $250k.

        • +1

          Per person, with a $20b ADI limit too.

  • +1

    Free Ads !!!!

  • +3

    When will someone form ozbargain home loans

    • 2021

  • More forum than deal.

    Depends how much and how long you are borrowing.

  • +1

    This has been Well's rate for some time now. 2.17% variable (2.20% comparison).

    It's not really a deal. A deal might be notifying the community what happens next week after they finalise discussions with Adelaide Bank (their funder AFAIK).

    • What happen with them and Adelaide bank?

      • +1

        Reviewing interest rates after the RBA dropped them last week.

    • it's cheaper than most others though? and the rate ends this month

      yeah if it drops more even better

  • Anyone finding their online application form hangs?

  • Discounted rate applies for new applications submitted and approved before November 30th, 2020

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