| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
Rate Lovers Cash Back | 6.29% 6.36%* | 90% |  |  | | |
| 1 Yr Fixed Home Owners Dream Cash Back | 6.49% 6.32%* | 80% | | | | |
| 2 Yr Fixed Home Owners Dream Cash Back | 6.49% 6.33%* | 80% | | | | |
| 3 Yr Fixed Home Owners Dream Cash Back | 6.54% 6.36%* | 80% | | | | |
| 4 Yr Fixed Home Owners Dream Cash Back | 6.64% 6.40%* | 80% | | | | |
| 5 Yr Fixed Home Owners Dream Cash Back | 6.64% 6.43%* | 80% | | | | |
Funded and managed by
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.
$2,000 up to
$10,000 Cash Back
on Purchases and Refinances
Reward yourself with Cash Back
Receive $2,000 up to $10,000 cash back on purchases and refinances with these specially tailored Cash Back loans. We’re committed to helping you find the best home loan deal, ever!
For the nitty gritty, see Cash Back Terms and Conditions here
A new home plus a cash reward!
We will pay you up to $10,000 cash when you purchase a home or refinance with us.
If you are an owner/occupier or an investor you will receive a minimum of $2,000 and up to $10,000 when you sign up for one of the variable or fixed rate home loans listed on this page.
Why take out a cash back home loan?
You’ll have a head start on your new property. With the extra cash in your pocket, you could:
Buy furniture for your new home
What better way to start life in your new home than with new beds, a lounge suite or a dining table and chairs for your family
Refurbish the bathroom or kitchen
Make a nearly-new house into your dream home with a sparkling new kitchen or bathroom
Landscape the garden
When you have a fantastic new home but the outdoor areas need some work
Install an alfresco entertainment area
Somewhere to relax in those cool evening breezes
or
Treat yourself
A new car, a holiday, the choice is yours!
Economizer Variable Cash Back Variable
Up to 80% LVR
6.24% p.a. Variable
6.30% p.a.* Comparison
Refinance loans up to 80% LVR
- Owner Occupied
- Receive $2,000 up to $10,000 Cash Back
- Maximum loan amount $3,500,000
Features
- Full, free redraw facility
- Unlimited extra repayments
- Weekly, fortnightly or monthly repayments
Fixed-rate or Variable rate home loans
Your first decision is whether to get a fixed rate or variable rate loan to purchase your new house. There are potential benefits and risks with each type of home loan.
With a variable rate loan, your interest rate will change, normally in line with the latest interest rates set out by the Reserve Bank of Australia.
Variable rate loans generally have lower rates of interest. Your repayments will decrease if interest rates go down, but you have the risk of making increased repayments if the home loan interest rates increase.
With a fixed rate home loan, the interest rate, and repayments, will stay the same for the agreed fixed rate period, normally 1 to 5 years, regardless of any changes to the lending interest rate.
When the agreed period for the fixed rate ends, your home loan becomes a variable interest rate loan.
Home Owners Dream Fixed Cash Back
Fixed rates from
6.49% p.a. Variable
6.32% p.a.* Comparison
Purchase or refinance up to 90% LVR*
- Owner Occupied
- Receive $2,000 up to $10,000 Cash Back
- Maximum loan amount $1,000,000^
Features
- 100% offset available
- Flexible repayment options
- Choose from 1 to 5 years fixed rate
Features available for you
Some of the features available on our variable or fixed rate cash back home loans:
Offset accounts
- Reduce loan interest charged
- Pay your wages into your offset account
- The value of your offset account is deducted from your outstanding loan balance for interest rate calculations
Redraw accounts
- Urgent need for cash?
- Withdraw cash up to the value of any additional payments you’ve made.
Variable repayment schedules
- Make your loan repayments when you get paid
- Weekly, fortnightly or monthly repayments
Flexible repayment options
- Additional repayments can be made to reduce the loan duration
Variable loan durations on fixed-rate loans
- Choose your own loan duration, from 1 to 5 years
Interest-only loans available
Property investor bonus
- Optimise your rental income with interest-only repayments on your home loan
Fixed Wealth Maximizer
Up to 90% LVR available*
6.69% p.a. Variable
6.61% p.a.* Comparison
Refinance up to 90% LVR
- Investment Loan
- Receive $2,000 up to $10,000 Cash Back
- Maximum loan amount $1,000,000^
Features
- 100% offset available
- Flexible repayment options
- Interest Only Available
- Choose from 1 to 5 years fixed rate
At Reduce Loans, we aim to help you select the best home loan for you and your situation. This information is to guide your choices.
Cash Back
| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
| Investor Rate Lovers 60 Cash Back | 6.49% 6.56%* | 60% | | | | |
| Investor Rate Slasher Cash Back | 6.69% 6.76%* | 70% | | | | |
| Investor Rate Lovers Cash Back | 6.79% 6.86%* | 90% | | | | |
| 1 Yr Fixed Cash Back | 6.69% 6.61%* | 80% | | | | |
| 2 Yr Fixed Cash Back | 6.69% 6.62%* | 80% | | | | |
| 3 Yr Fixed Cash Back | 6.74% 6.64%* | 80% | | | | |
| 4 Yr Fixed Cash Back | 6.84% 6.68%* | 80% | | | | |
| 5 Yr Fixed Cash Back | 6.84% 6.69%* | 80% | | | | |
WHY CHOOSE REDUCE?
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THE REDUCE PROCESS
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