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Kurt was excellent to deal with. Great customer service, very helpful and experienced. One of the best rates on the market.
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.
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 👍
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!
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
Kurt was phenomenal, very knowledgable, patient and communicative across the entire process. Can't recommend them highly enough.
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.
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!
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 👍
Prompt customer service and staightforward process. Access to great rates. Clear communication. Loan settled without problems and would definitely use them again.
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!!
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.
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.
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.
Just refinanced with Reduce Home Loans. Better interest rates, staff have been nothing but helpful and easy process. Can't ask for more!
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.
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.
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.
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.
Find out your maximum borrowing capacity
Use this calculator to discover your maximum borrowing power based on your current housing expenses. The calculator shows how much you could expect to borrow for a new home including your likely monthly repayments if you maintain your current rental expenditure.
You could adjust your inputs to the calculator to reveal how much you could borrow if you increased or reduced your monthly housing expenses.
Our How Much Can I Borrow Calculator factors your full income and expenditure to reveal the amount you may be able to borrow and likely monthly repayments.
Again, try adjusting your income and expenses to achieve a better loan value or improved monthly repayments.
Income
Your income may be fixed but doesn’t have to stay at the current level. If you would like to borrow more for your next house purchase consider working extra hours or taking an additional, part-time role.
Expenditure
Essentials, such as utilities, council rates and housing rent or loan repayments are probably fixed but you can make savings by eating out less often, cancelling an under-used gym membership or simply shopping at a different, more cost-effective store.
Please note: The results of this calculator are estimates and provided as a guide only. Calculations should not be considered as any form of quote, loan offer, or lending advice.
Need a hand?
Remember, you can talk directly to one of our accredited Personal Finance Managers on 1300 REDUCE (733 823). They’ll answer any of your questions and you can even apply for a home loan on the spot.
Want a call back? Fill in a no-obligation enquiry form or speak to our live chat representatives and the next available Personal Finance Manager will call you back.
HOME LOAN CALCULATORS
Extra repayment calculator
Pay off your loan quicker with extra repayments. Find out how much quicker with this calculator.
how much can i borrow?
Find out how much you can expect our funders to lend you based on your income and living expenses.
Mortgage offset calculator
With an offset account attached to your loan, you can reduce the amount of interest you pay.
P&I / Interest only calculator
Compare repayments between principal and interest, and interest only options, or find the total cost of these loans.
stamp duty calculator
Purchasing a property? Find out how much stamp duty you’ll pay based on your state and purchase price.
FINANCE CALCULATORS
BUDGET CALCULATOR
Curious about your own budget? Calculate your finances and figure out your cash flow here.
savings goal calculator
If you’ve got a goal for your savings, this calculator can help you understand how long till you reach it.
compound interesT
Calculate how much you can save with regular deposits in a savings account accruing interest over time.
Income tax calculator
Find out exactly how much government tax you would pay based on your annual income.
what can i afford to borrow?
How much can you really afford? This calculator helps you determine your maximum borrowing power.
Find the Cheapest Home Loan that’s right 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.
Why choose Reduce?
Considerations
Some of the features of our home loans:
Loan to Value Ratio (LVR)
The loan-to-value ratio indicates how much you will be able to borrow against the value of the house, with the remainder being your cash deposit. For example, if you want to purchase a home with a value of $200,000 with an 80% LVR your mortgage lender will provide you with $160,000 and your deposit will be $40,000. Generally, a lower LVR may mean you can borrow more, but with a higher up-front deposit, while a high figure usually means higher interest rates and less borrowing power.
Offset Account
Pay less interest on your mortgage! Your salary is paid into your offset account. Your monthly interest payment is calculated based on the outstanding balance of your home loan reduced by the balance of your offset account.
Extra Payments
You are able to make additional payments to reduce the duration of your home loan. There is often a maximum value per year.
Redraw
A redraw facility allows you to withdraw any extra payments you have made
Interest only
Our interest only loans are popular with property investors, often helping to achieve instant profit from your rental income.
COMPARE OUR HOME LOANS
Compare rates, features and fees across all our home loans in this easy table.
At Reduce Loans, we will find the best home loan for you and your circumstances, leaving you to find the best new home for you and your family.
Use our calculators to estimate your financial situation and get an example of what you could borrow and your likely repayments. Then contact our friendly, highly-experienced team for help and advice.
For more information about our home loans, get in touch today!
