Aussie Home Loan Review

Aussie has home loans for owner-occupiers and investors, with rates starting from 5.79%.

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Aussie is an Australian mortgage broker group, which also offers its own brand of home loan products. Established in 1992, it's now part of the Lendi Group. Check out the table of Aussie products below or read more about the lender and its loans.

Compare Aussie home loans for December 2024

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Aussie logo
Principal & Interest20% min. depositOwner-occupierOffset account
Aussie logo
Principal & Interest20% min. depositOwner-occupierOffset account
Product NameAussie Elevate Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.13%
Comp. Rate p.a.6.24%
Minimum Loan Amount$10,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.13%
Comparison Rate
6.24%
Fees
Application: $498
Ongoing: $0 p.a.
Monthly Payment
$913
Contact Broker
Aussie logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupierOffset account
Aussie logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupierOffset account
Product NameAussie Elevate Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.29%
Comp. Rate p.a.6.26%
Minimum Loan Amount$10,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.29%
Comparison Rate
6.26%
Fees
Application: $498
Ongoing: $0 per month
Monthly Payment
$929
Contact Broker
Aussie logo
Principal & Interest 2Y Fixed5% min. depositOwner-occupierOffset account
Aussie logo
Principal & Interest 2Y Fixed5% min. depositOwner-occupierOffset account
Product NameAussie Elevate Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.29%
Comp. Rate p.a.6.27%
Minimum Loan Amount$10,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.29%
Comparison Rate
6.27%
Fees
Application: $498
Ongoing: $0 per month
Monthly Payment
$929
Contact Broker
Aussie logo
Principal & Interest 3Y Fixed10% min. depositInvestment
Aussie logo
Principal & Interest 3Y Fixed10% min. depositInvestment
Product NameAussie Elevate Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.49%
Comp. Rate p.a.6.49%
Minimum Loan Amount$10,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.49%
Comparison Rate
6.49%
Fees
Application: $498
Ongoing: $0 per month
Monthly Payment
$948
Contact Broker
Aussie logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Aussie logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Product NameAussie Select Basic Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6.13%
Minimum Loan Amount$100,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6.13%
Fees
Application: $330
Ongoing: $0 p.a.
Monthly Payment
$900
Contact Broker
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Showing 5 of 15 results

Aussie key facts

  • Aussie is a broker and a lender, with an extensive network of mortgage brokers across the country. Aussie brokers can help you compare a range of loans from lenders in its panel plus its own range of loans.
  • After being owned by the Commonwealth Bank of Australia, Aussie completed a merger with fellow broker group Lendi in 2021, forming the Lendi Group.
  • You need at least a 20% deposit to get many Aussie home loans, but it does have options for borrowers with deposits as low as 5%.

Review by our senior home loans writer Richard Whitten

Aussie home loan features

Here are the key features and details you need to know about Aussie's mortgage products.

FeatureDetails
Minimum depositMany Aussie loans have 80% maximum LVRs. This means you can borrow up to 80%. But there are loans for borrowers with low deposits (that is, deposits below 20%).
Offset account?Some of Aussie's variable rate loans come with offset accounts.
Repayment optionsBoth Aussie's fixed and variable rate loans allow you to make interest-only repayments for a limited period. The lender also offers the standard principal-and-interest repayments on its loans.
Split rateMost Aussie mortgages allow you to split your loan into fixed and variable portions.

How do I apply for an Aussie mortgage?

When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.

Eligibility

Each Aussie product has specific eligibility criteria but some will apply to all products. For example:

  • Age. You must be over 18 years of age.
  • Residency. You should be a resident of Australia.
  • Employment. You should have a regular source of income.

Documents required

When you apply for a mortgage with Aussie, you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:

📄 Property details. You can start a loan enquiry before you've bought a property, but to complete an application, you need the address of the property and a signed contract of sale.

📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.

📄 Proof of income documents. Recent payslips can establish your income.

📄 Asset and liability documents. You need to provide documents showing your current assets (such as savings accounts and investments) and liabilities (for example, any outstanding debt you may have).

How to apply for a home loan

Lenders like Aussie

There aren't many lenders like Aussie, being both a network of brokers and a lender – but here is a list of competitive lenders of various types to help you compare.

  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Commonwealth Bank. Australia's biggest bank.
  • Homestar. A 100% online lender, Homestar has been providing mortgages to Australian borrowers since 2004.
  • Loans.com.au. A Brisbane-based online lender, Loans.com.au is backed by Firstmac, Australia's largest non-bank lender.
  • Macquarie. Macquarie is one of Australia's largest banks outside the Big 4.
  • Bank of Queensland. Another of Australia's larger lenders, with a wide selection of mortgages.
  • ING. This online bank is part of the global, Dutch-based financial group of the same name.

More home loan questions

Compare other home loan options

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
ANZ logo
Principal & Interest20% min. depositOwner-occupierOffset account
ANZ logo
Principal & Interest20% min. depositOwner-occupierOffset account
Product NameANZ Plus Home Loan Variable Rate
Interest Rate TypeVariable
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.6.10%
Minimum Loan Amount$10,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.09%
Comparison Rate
6.10%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$909
$2,000 cashback
Borrowers refinancing $250k or more to ANZ Plus before 31st March 2025 could get a cashback of $2,000. Excl. refinancers from ANZ or Suncorp. Other terms and conditions apply.
Unloan logo
Principal & Interest20% min. depositOwner-occupier
Unloan logo
Principal & Interest20% min. depositOwner-occupier
Product NameUnloan Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.5.90%
Minimum Loan Amount$10,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
5.90%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
loans.com.au logo
Principal & Interest10% min. depositOwner-occupierOffset account
loans.com.au logo
Principal & Interest10% min. depositOwner-occupierOffset account
Product Nameloans.com.au Solar Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6.44%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,500,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6.44%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
IMB logo
Principal & Interest20% min. depositOwner-occupier
IMB logo
Principal & Interest20% min. depositOwner-occupier
Product NameIMB Budget Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.04%
Comp. Rate p.a.6.07%
Minimum Loan Amount$10,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.04%
Comparison Rate
6.07%
Fees
Application: $449
Ongoing: $0 p.a.
Monthly Payment
$905
Up to $4K cashback
Eligible borrowers can get up to $4,000 cashback when buying or refinancing with IMB. Loan value criteria applies. Other terms and conditions also apply.
Greater Bank logo
Principal & Interest-10% min. depositOwner-occupierNSW, QLD & ACT only
Greater Bank logo
Principal & Interest-10% min. depositOwner-occupierNSW, QLD & ACT only
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Product NameGreater Bank Great Rate Discount Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 110%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$900
Go to site
Up to $2,500 cashback
Eligible refinancers can get up to $2,500 cashback depending on loan value. Full terms and conditions apply.
Mortgage House logo
Principal & Interest40% min. depositOwner-occupier
Mortgage House logo
Principal & Interest40% min. depositOwner-occupier
Product NameMortgage House Executive Saver Low Rate Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.5.89%
Comp. Rate p.a.5.93%
Minimum Loan Amount$150,000
Maximum Loan Amount $850,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.89%
Comparison Rate
5.93%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$890
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Showing 6 of 6 results

Compare other products from Aussie

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

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Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

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Richard has written 562 Finder guides across topics including:
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12 Responses

    Default Gravatar
    McHackOctober 14, 2021

    Can you point us in the right direction we have been long term renter until recently. My partner is a senior on a centrelink pension, I receive a DSP pension we want to know how we can purchase our own home? Who do we talk to?

      AvatarFinder
      RichardOctober 20, 2021Finder

      Hi McHack,

      You can apply for a standard home loan, though it might be more difficult if your only source of income is coming from your pension.

      Your best course of action would be to speak with a mortgage broker as this is their area of expertise and to get personalised advice. You can call or visit their website to set an appointment.

      I hope this helps!

      Regards,
      Richard

    Default Gravatar
    MainSeptember 4, 2015

    Hi

    I have a current home loan and looking to refinance, I am on single parenting payment and I am unable to find anyone who will look at me even tho this is my third house and I currently have a 4 year payment history on my current loan, do you know anyone who can help?

      Default Gravatar
      BelindaSeptember 4, 2015

      Hi Main,

      Thanks for your enquiry.

      If you are thinking of refinancing, you might be interested to estimate the cost of refinancing and compare a range of refinancing home loans that are suited for you.

      Also, you can learn more about applying for a new loan when receiving government benefits from our Centrelink home loan options. I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      Thanks,
      Belinda

    Default Gravatar
    robertMay 26, 2015

    My daughter is divorcing, husband is taking name off title deeds. I wish to go on title deeds for my daughter to keep home. What is minimum percentage that bank will allow me on deeds and do all banks want same percentage. I ask this as I will be paying stamp duty on percentage. I know that I will be required as co signer to get loan.

      Default Gravatar
      BelindaJune 1, 2015

      Hi Robert,

      Thanks for your enquiry.

      The minimum percentage that the lender will allow you on deeds will depend on a range of factors, so it is advisable that you contact Aussie Home Loans directly before carrying out any transfer of title or mortgage.

      Stamp duty is calculated on the value of the property or land that is being transferred and is represented as a percentage. You can contact your state office of revenue for more details.

      You can read more about fees and charges when transferring property within the family. You should also consider speaking to a conveyancer who will give expert and practical advice on what to do at every step of the process.

      Thanks,
      Belinda

    Default Gravatar
    jackieFebruary 27, 2015

    We badly need renovations and have about $30K owing with $45K redraw available. Are looking to borrow and have been told that line of credit option is best option atm. Our home is probably worth over $700K. How do I go about finding which company is best when our own bank requirements are ridiculous and no loyalty whatsoever considering we have been with them for over 20 years. We may need up to $150K.
    Thank you.

      AvatarFinder
      ShirleyFebruary 27, 2015Finder

      Hi Jackie,

      Thanks for your question.

      You may discuss your eligibility or options from Aussie home loans by getting in touch with them directly.

      You can also compare a range of line of credit home loans. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.

      Cheers,
      Shirley

    Default Gravatar
    PeterJuly 19, 2014

    Aussie phone number for SA.

      AvatarFinder
      ShirleyJuly 21, 2014Finder

      Hi Peter,

      Thanks for your question.

      Please refer to the link I’ve emailed you regarding contact details for Aussie.

      Cheers,
      Shirley

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