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 PortableYes
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 PortableYes
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 PortableYes
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 PortableYes
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 PortableNo
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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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 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

Richard's expertise
Richard has written 557 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips
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12 Responses

    Default Gravatar
    shivangApril 4, 2014

    I am looking for business loan around $ 275000 for dominos pizza franchise. I had 170000$ ready in my bank account for margin money. Store selection is completed.

    can you guide me the contacts for the business loan in sydney?

    Regards,

    Shivang

      AvatarFinder
      MarcApril 7, 2014Finder

      Hi Shivang,
      thanks for the question.

      Unfortunately we don’t offer a comprehensive business loan comparison at this current time. I’d recommend carrying out your own comparison of business loans on the internet and then contacting a lender you’re interested in to find out more. I’m more than happy to help give a general comparison of any specific loans you find promising.

      Sorry I couldn’t be of more help,
      Marc.

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