Eco Home Loan Variable

Owner Occupied Home Loan

5.84% p.a. Variable

5.89% p.a. Comparison*

Borrow up to 80% LVR*

  • $0 monthly or annual fees!
  • Help reduce your carbon footprint and monthly costs
  • Unlimited extra repayments and redraw facility available
Find out more


Welcome to Reduce Home Loans. Awarded Australia’s Cheapest Home Loan by Money magazine 2016, 2017, 2018, 2019, 2020, 2021, and 2024

Reduce Home Loans
Based on 634 reviews
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Darryl MurphyDarryl Murphy
00:43 04 May 24
Got a great rate and the team worked hard to get the job done. Kept us up to date the whole way through the process.
We were so impressed with Ben Ithell, he is knowledgeable, patient and worked really hard getting us an amazing deal that 8 other brokers I called said they couldn’t even touch due to our unusual circumstances. Please give Ben a call and have a chat he is very honest and will tell you straight up if he thinks he can help. Highly recommend him!
Sahn MillsSahn Mills
00:47 17 Apr 24
sara yuansara yuan
03:52 18 Mar 24
Working with Ben Ithell and his team was a great experience. The team was very knowledgeable and patient with my questions. They were always on time and reply my emails quickly.Excellent…I would give them my highest recommendation!
Mark JohnstonMark Johnston
01:37 06 Feb 24
Ben Ithell was fantastic, laid all my options out for me. Got me good deal especially considering the unusual circumstances I was in. He kept me up to date, communicated well and was always available to help as I needed it.
craig kimptoncraig kimpton
10:02 18 Jan 24
Professional staff that keep you well informed throughout the process, and provide great savings with lower rates.Ben Ithell was a pleasure to consult with, diligent and extremely professional throughout. Thanks Ben.
vineet sagarvineet sagar
08:06 16 Jan 24
Vaughan Enright was great to deal with. Not only he is well versed with all the home loan technicalities, he also has soft skills to deal with not so knowledgeable people like myself. Communication was outstanding with emails/calls immediately being answered.
Angie ChuAngie Chu
11:16 09 Jan 24
Thank you Reduce Home Loans! If we could give more than five stars, we would. Especially to Ben Ithell whose professionalism and help throughout the entire process was second to none. He is genuinely attentive, caring and a patient customer service/finance manager! We would certainly recommend him to anyone!
Havea ValaHavea Vala
16:41 08 Jan 24
Jonathan DoddJonathan Dodd
06:47 02 Jan 24
Amazing experience, I cannot recommend this company or Kurt more. He found a path forward when multiple brokers (at other companies) could not make it work. Kurt does not mess around and I wholeheartedly recommend him if you need to get a loan.
Alex JenkinsAlex Jenkins
03:46 21 Dec 23
I used Kurt Trendle from Reduce Home Loans when completing my refinance. I found him to be extremely helpful, patient and found the right loan for me. I found the whole process to be extremely easy with Kurt. Thanks again!
Patrick SimonettiPatrick Simonetti
13:25 22 Nov 23
Kurt was excellent to deal with. Great customer service, very helpful and experienced. One of the best rates on the market.
Kate EverettKate Everett
08:27 08 Nov 23
Exceptional customer service provided by Nick Freney in assisting us to navigate three separate loans. Wouldn’t hesitate in strongly recommending him to other prospect customers.
Patrick DawsonPatrick Dawson
05:55 30 Oct 23
Just settled on my refinance with Vaughan at Reduce Home Loans. He made the process super easy and efficient. Was also great to be informed regularly throughout the entire process to put my mind at ease.Thanks 👍
Rina WRina W
23:27 28 Sep 23
We have been with Reduce Home Loans since 2015 and they've consistently secured the best rates and account features for us. This month we refinanced to a very competitive rate thanks to our Personal Finance Manager Connor.Connor provided us with helpful guidance and thoroughly answered all our questions. Everything was completed promptly and he was so responsive with our queries. The application process has also become much more streamlined and user friendly over the years.Thanks to Connor (and previously Rhyse) at Reduce Home Loans, we've been able to achieve our dream of having a home for our family. We highly recommend them for their personalised, exceptional service and expertise, as well as their broad product offering. Thanks again!
Dev GovekarDev Govekar
23:10 24 Sep 23
I have used Reduce Home Loans recently. I have dealt with Vaughan from Reduce Home Loans. I find Vaughan very helpful and easy to approach. I think they have great knowledge and great interest rates options and cash back offers. I will recommend to seek their advice for new home loans. Thanks, Dev
Hin LHin L
06:42 07 Sep 23
Zachary has been fantastic through out the whole process.
James ZhangJames Zhang
07:43 21 Aug 23
Kurt was phenomenal, very knowledgable, patient and communicative across the entire process. Can't recommend them highly enough.
Melanie MaclureMelanie Maclure
04:35 10 Aug 23
Vaughan Enright has been an absolute pleasure to deal with. He is always extremely responsive and helpful, listens to my needs, and has been working with me to get the best he can. He has been reliable, getting back to me quickly, calling when he says he will (great timekeeper). Very happy with the experience as I initially called 3 or 4 months ago, he has been very informative from tyre kicking/semi serious stage to now at crunch time. Definitely recommend working with him.
Wendy ReevesWendy Reeves
02:23 03 Aug 23
I have used Reduce Home loans several times to refinance our loan. I cannot recommend them highly enough. They are extremely knowledgeable and have access to highly competetive interest rates. Their communication throughout the loan application process is excellent and it is very easy to get in touch with them when you need to. Definitely use Reduce!
Brad GosbellBrad Gosbell
07:41 21 Mar 23
Nick and the team never fail to impress and always achieve better than expected results. With a great network of lenders and products they always manage to deliver, keeping you well informed along the journey. Always know I am in capable hands and a achieving the best of what's out there.I cannot recommend Reduce highly enough. 11 out of 10! Keep up the good worm 👍
Richard WRichard W
04:34 20 Mar 23
Prompt customer service and staightforward process. Access to great rates. Clear communication. Loan settled without problems and would definitely use them again.
Kumbi MKumbi M
04:06 20 Nov 22
We have been working with Reduce Home Loans for a few years now. We have done some refinancing of home loans and have applied for new home loans with Reduce Home Loans. Each and every time we managed to get some awesome deals, lowest variable rates available on the market. I highly recommend Reduce Home Loans. We will definitely use them again in future!!
Michelle DavisMichelle Davis
21:15 15 Sep 22
Nick Freney, from reduced home loans, was fantastic. He made the whole process of refinancing my house loan, hassle free and also got me a great interest rate. I can't recommend Nick and his team highly enough.
Goran MaricGoran Maric
03:46 15 Sep 22
Reduce were very easy to work with, and they got us the lowest variable rate on the market - which is saving us thousands each year.Highly recommend. We'll definitely go with them again in the future.
David ElmerDavid Elmer
10:05 30 Aug 22
Overall, we are happy with our experience at Reduce. We moved from another non-bank lender, who wouldn't move our rate, despite their new owner rates being much lower, and our loans under what we originally borrowed. Nick and the team from Reduce were very easy to deal with, and our rate has been competitive since we started with them.
Jon McilveenJon Mcilveen
06:52 11 Aug 22
Just refinanced with Reduce Home Loans. Better interest rates, staff have been nothing but helpful and easy process. Can't ask for more!
Chris LimChris Lim
07:55 04 Aug 22
I had a fantastic experience dealing with Reduce Home Loans who provided finance for my SMSF to purchase an investment property in July 22. I was particularly impressed with Bryce Stimpson's helpfulness, knowledge, responsiveness, professionalism and pleasantness. I received an excellent rate and am happy I went with Reduce.
Peta GeakePeta Geake
02:41 04 Aug 22
Using reduce loans has saved me a lot of money on our home loan. The staff are professional and caring, always easy to get in contact with and there to help with any questions you. The switch from one of the big 4 banks (wont name names of who was ripping us off!) was easy with reduce loans. I highly recommend anyone to get in contact and see how many money they can save you.
Amanda BeresfordAmanda Beresford
20:09 16 Jun 22
Reduce Loans were able to find us a much better home loan rate. The process was so easy and we were walked through every step. Everything was done online and the whole process was handled quickly. I would highly recommend working with Reduce Loans.
Matt HingstonMatt Hingston
00:42 16 Jun 22
We secured a great loan with Reduce far below market rates of the large lenders. Was particularly impressed by their flexible banking style in setting up the loan and Nick Freeney was great to work with in the loan application. The only issue is the application process was longer and more admin intensive than some other loans so removing one star - but if you stick with it you can save a bunch over the life of the loan.

Featured Home Loans

Eco Home Loan


p.a. Variable
p.a. Comparison
  • Up to 80% LVR*
  • Repayment flexibility and redraw options

  • $0 ongoing fees



p.a. Variable
p.a. Comparison
  • 24/7 access via app and Internet Banking
  • Redraw facility available
  • $0 ongoing fees

Basic Home


p.a. Variable
p.a. Comparison
  • Repayment flexibility and redraw options
  • Redraw facility available
  • Zero ongoing Fees

Featured Investment Loans

Basic Home

Loan Investment

p.a. Variable
p.a. Comparison
  • No monthly or annual fees
  • Redraw facility available through Internet Banking with no fees
  • Make repayments at no extra cost



p.a. Variable
p.a. Comparison
  • Repayment flexibility and redraw facility available
  • Additional payments without penalty
  • No hidden fees or ongoing monthly fees

Need An SMSF Loan?

Refinance with our Capitalizer SMSF 

p.a. Variable
p.a. Comparison
  • Up to 80% LVR*
  • Interest Only available
  • Offset account included
  • $0 ongoing fees

Our range of home loans covers Owner Occupiers, Investors, and home owners looking to build a house.

Who are we? You can always find out more about us, or how we hold such competitive rates

2024 Money Mag Awards Banner
Reduce Home Loan Money Magazine awards 2016-2021

As seen in

Find the Cheapest Home Loan that’s perfect for you

No matter what stage of the home loan journey you’re at, we’re here to help you find a great rate across variable, fixed or a mix of both.

Our home loan range also offer great features and flexibility, so you can apply with confidence.

Direct Intervention Scholarships

Last Christmas we did something different.

Something special for those less fortunate, outside of our “Lucky Country”.

We decided to take direct intervention into making the lives of an initial 12 of the most deserving, disadvantaged children, better not just today but long into the future. We made the choice last year to directly sponsor a number of African school children by way of a scholarship. We aim to assist these boys and girls to obtain a good education to provide for a brighter future for them and their families.

Find out more about our exciting initiative.

Find out more

Crunch the Numbers

We’ve got a number of home loan and finance calculators available for you to easily crunch those hefty numbers. Give it a try!


Compare our Different Loan Products

Not sure which loan product is right for you? Simply compare each of our home loan rates and features side-by-side easily.

Compare Fixed and Variable Owner Occupied and Investment loans

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Looking for a home loan?

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