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No Broker Fee for Athena Home Loans, + Refinance to 2.14% Owner Occ P&I Variable + Offset at 60% LVR

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RBA rate increase 0.10% to 0.35% at the RBA level

Most lenders are increasing their variable rates up at least 0.25% in the current climate.

Athena Mortgage Broker Pilot Program
Less then 1% of mortgage brokers Australia wide have access to this lender. As i won one of the yearly awards at my aggregator i am one of the few that gets access to the program for my clients.

Why choose Athena?

  1. You never have to chase a lender for a interest rate cut again. New and existing customers get the same interest rate. And with all the rates increases happening and when they stop if the rates start coming back down again over the next 24-36 months you wont have to chase the lender at all. Because many lenders when decreasing dont pass on the full cut to existing customers and sometimes increase more then the RBA level on the way up. Its called interest rate creep.

  2. Zero fees.

  3. If your lvr goes down you revalue the property and can get your rate down automatically if its goes from 80% lvr to 70% lvr to 60% lvr. No arguing for a better rate. Normally this is done every 12 months or when you ask them.

  4. Offset for free no annual fees.

I pitch this lender as:

""""""""One of the lowest no fee interest rate lenders on the market. Great for sit and forget. Love us and leave us by paying down the mortgage""""""""

Bear in mind they dont do:

  • Multiple loan splits
  • 80+% lvr loans
  • Will not seperate the funds for investment and owner occ on the same property
  • Only 1 offset per security

Who is behind Athena?
We’re in good company. Some of our big investment backers include AirTree Ventures, Apex Capital, AustralianSuper, Hostplus, Macquarie Bank, RESIMAC Group, Rice Warner, Square Peg and Sunsuper.

Owner Occupier | Variable

LVR TIER RATE P.A. COMPARISON^ P.A.
LIBERATE P&I 70 - 80% 2.24% 2.18%
EVAPORATE P&I 60 - 70% 2.19% 2.16%
CELEBRATE P&I ≤ 60% 2.14% 2.14%
Interest Only 3.09% 2.52%

Investor | Variable

LVR TIER RATE P.A. COMPARISON^ P.A.
LIBERATE P&I 70 - 80% 2.54% 2.48%
EVAPORATE P&I 60 - 70% 2.49% 2.46%
CELEBRATE P&I ≤ 60% 2.44% 2.44%
Interest Only 2.74% 2.58%


Broker Cashback $500 for balances between 400k and 750k net of offset & $1000 cashback for balances over 750k net of offset. Broker rebate paid post settlement normally 2 months post settlement. If all variable we pay in 2 instalments at 2 months and 24 months.

Types of clients suitable on a plus 3.00% rate? or havent reviewed your mortgage in 18-24 months?
We are also looking for long term relationships with clients, if you intend to refinance again, fully offset the balance with cash or sell within 12 months, the banks actually claw us back on our upfront commission completely so we would be unable to help in these circumstances. I will do my best to reply to all comments.

My experience 7 years in commsec and cba on a margin lending desk and as in in house cba branch home lender. 4 years as a mortgage broker running my own company.
You can book an appointment straight into my calendar

Kind Regards
Adrian Player | Director
M: 0416643638
E: [email protected]
W: www.integralloansolutions.com.au
Adrian Player is a credit representative (498364) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).

Referral Links

Referral: random (186)

$250 Credit for both Referee and Referrer, credited after referee settles on a loan using the referral code. Referee must include the code in their Athena application form.

Related Stores

Athena Home Loan
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Integral Loan Solutions
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Third-Party

closed Comments

  • +1

    As i won one of the yearly awards at my aggregator

    Congratulations, what was the award for?

    • +1

      Best newcomer award.

  • Wasn't aware Athena had a mortgage broker program..

    • +1

      Now they do, They will be Australia wide in the next 12-24 months across most broker channels.

  • What's the advantage of going with you over just going with Athena directly?

    • +1

      You can go to athena direct or use me. Ive had many clients say they went to athena and got rejected in the past as their lending policy was very tight in their first few years. Their policys have opened up over time but better to have a broker check if you qualify because putting time into a failed application. Also i have a broker offer down the bottom of the post.

    • He will see if you qualify and if not fiddle the numbers so you do 🤣

      • +1

        Haha love the sentiment. But compliance is a major part of what i do! Checks on checks on checks.

  • -2

    Where’s the bargain, isn’t this their normal pricing? As the poster above me asks, why not go direct?
    Or is this just an advertisement, for you to receive commission?

    • +4

      Responded above have a great day. Whether you go direct or through me they are either paying the direct lender a salary and bonus, a computer, a desk, infrastructure or me a comm. Very similar to you going direct to a branch for a big 4 lender or using a broker. Ive had many clients say they went to athena and got rejected in the past as their lending policy was very tight in their first few years. Their policys have opened up over time but better to have a broker check if you qualify because putting time into a failed application. Also i have a broker offer down the bottom of the post.

  • -3

    Advertising for a service that adds no value

    • +4

      Look at my reply comment above and the bottom of my post. I agree 100% if im not supplying any extra value you might as well just go direct…. Hope you have a great day.

  • -2

    Agree. Unless there is additional cash back from the broker, this is just pure advertising.

    • +4

      Read the bottom of the post. I have a broker offer down the bottom of the post. Hope you have a great day.

  • OP, What bank is best for debt recycling?

    • +1

      Mainly CBA and AMP - due to multiple loan splits and multiple loan offset + good cash out policy + AMp has a master limit facility that not many other banks have left. Have a great day. Let me know if you need help. Ive also written a post on this topic here - https://www.ozbargain.com.au/node/643156

      • +1

        This is a great reason why having a decent broker is better than going direct.

        If you don't understand the value that a knowledgeable broker can bring for you, you shouldn't be buying a property.

        • Thanks i appreciate it! Yes every lender is different and has positive and negatives. Same with brokers some have more knowledge and experience then others.

  • I used Adrian last year as I have unique circumstances (self-employed and partner started a new role), and he was sensational.

    If you're able to get the same rate as doing direct, going through Adrian would be a more sensible option. You'll save hours going through the application and ensuring you're not wasting weeks waiting for applications to process (especially if you have the right property and ready to buy).

    • +1

      Thanks i appreciate you typing this positive comment. Can you sms me! So i can thankyou personally.

  • damn already started the process with them. any way to shimmy my way into that cashback before settlement?

    • I wouldnt withdraw to reapply as it hits your credit report twice. Still a great deal direct you are on a great long term lender.

  • I just settled with Athena this week on 2 properties. Wish we had used a broker, it took months and had to provide same info again and again. The process was painful but I am happy it's done now. We saved 1% interest each on both properties and now fee free with offset, set and forget. I imagine a broker would of made the process faster and more simple.

    • Yes they can be a little clunky and they are using this program to give feedback to the team to improve the processes. But the sla is only 2-3 days currently so hopefully it doesnt affect people as much in the past.

  • Hi Adrian, how is Athena with self-employed people?

    • +1

      Good question. Hopeless 2 years ago. Good now. They wont go off your latest tax return like cba anz and adelaide bank will if you income has gone up more then 20% from your 2020 to 2021 tax return. Those 3 banks ahve the best slef employed policy if your income has ticked up a lot in the most recent year. But they will go off either the most recent years tax return or 120% of the prior years tax return. 24 months active abn required. They also do addbacks like depreciation / interest / super above 9.5% for self employed. This policy only recently came in the last 12 months. Before they were a lot tighter. Make sure you tax and bas is paid and up to date.

  • Once setup can you take an extension on the loan for renovations?

    • +2

      Yes you can but they group the current loan and top up in the 1 loan split then put the extra amount in the offset for you to use.

  • Tried a couple of times refinance enquiries online or by phone with them, but never pass the serviceability testing, figuring that their target customers are either new homebuyers or households with extremely low debt.

    • yes ive heard that is the case over the last few years especially at the start when their lending policys were so tight.

  • Hey Adrian …
    Would love to refinance with Athena … have 2 investment properties .. both sitting at around 70-75% LVR …
    Before jumping the ship ..(with CBA at the moment) … just wanna inquire how much does Athena charge if I just wanna know the property value (from athena’s side ) to know how much LVR do they determine.
    Cheers

    • No fees for the valuation.

  • I don't see the value here, going direct is easy as.
    The web process is simple

    • Each to their own. Hope you have a great day!

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