Reduce Home Loans

Reduce has home loan rates starting from 5.99%.

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Richard Whitten

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Reduce Home Loans is an Australian owned and operated non-bank lender. It offers a range of home loans for Australian borrowers. Check out the full table of Reduce Home Loans products below or read more about the lender.

Compare Reduce home loans for November 2024

Compare Reduce home loans below. Hit "load more" to see a fuller selection of home loans.

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Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Reduce Capitalizer SMSF Variable
Reduce logo
Principal & Interest40% min. depositOffset account
Reduce logo
Reduce Capitalizer SMSF Variable
Principal & Interest40% min. depositOffset account
Product NameReduce Capitalizer SMSF Variable
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.99%
Comp. Rate p.a.7.10%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,500,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
7.9 Great
Interest Rate
6.99%
Comparison Rate
7.10%
Fees
Application: $990
Ongoing: $0 p.a.
Monthly Payment
$998
Reduce Capitalizer Home Loan
Reduce logo
Principal & Interest10% min. depositOwner-occupierOffset account
Reduce logo
Reduce Capitalizer Home Loan
Principal & Interest10% min. depositOwner-occupierOffset account
Product NameReduce Capitalizer Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.7.39%
Comp. Rate p.a.7.43%
Minimum Loan Amount$100,000
Maximum Loan Amount $1,250,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
7.3 Great
Interest Rate
7.39%
Comparison Rate
7.43%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$1,039
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Reduce Home Loans key facts

  • It's an Australian owned and operated non-bank lender based in Queensland Australia.
  • It offers home loan products for owner-occupiers and investors.
  • This lender only offers home loan products.

Reduce home loan features

Here are the key features and details you need to know about Reduce Home Loans' mortgage products.

FeatureDetails
Minimum depositIt's possible to get a home loan with a deposit as low as 10%.
Offset accountYou can get an offset account with several of its loans.
Repayment optionsMany of its 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.

How do I apply for a mortgage from Reduce Home Loans?

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

The following information is general in nature and applies to most home loans. There may be specific criteria that apply for this lender.

  • 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 Reduce Home Loans 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 (savings accounts, investments) and liabilities (your outstanding debt).

How to apply for a home loan

More lenders to compare

Check out Finder's main home loans guide if you want to compare more home loans from a range of lenders. Or you could try one of the following lenders:

  • ING. This online bank is part of the global, Dutch financial group of the same name.
  • Commonwealth Bank. The nation's largest bank has a large selection of home loans and a convenient banking app.
  • UBank. This online bank is actually owned by NAB.
  • Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
  • Tiimely Home. This lender's online application tool can process your mortgage application fast. Backed by the Bendigo and Adelaide Bank.
  • Bank of Queensland. Outside of the Big Four this is one of Australia's larger banks. BOQ owns Virgin Money.
  • HSBC. The local Australian banking arm of this international bank offers various home loans.

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 554 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips
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2 Responses

    Default Gravatar
    StevenMarch 28, 2019

    I am a pensioner my wife and I own our home and we now want too sell this one and buy another home within 2 hours of Sydney. Would you be able to lend money to help buy?

      AvatarFinder
      JeniMarch 30, 2019Finder

      Hi Steven,

      Thank you for getting in touch with Finder.

      If you consider getting a loan with Reduce Home Loans please visit their official page for more info on their offered financial products and compare which would suit your needs.

      You may refer to our pensioner home loans and mortgages for over 55s guide to know how to get mortgage on pension. I also suggest that you seek help from a mortgage broker as they can help you pick the right home loan for you.

      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. You can also contact the provider if you have specific questions.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

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